HXH.TO vs. SPMO

Last updated Jun 4, 2026

HXH.TO (Global X Canadian High Dividend Index Corporate Class ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - HXH.TO is a Canada Equities fund tracking the Solactive Canadian High Dividend Yield Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, HXH.TO returned 11.74%/yr vs 21.72%/yr for SPMO. At a 0.23 correlation, their price movements are largely independent. HXH.TO charges 0.11%/yr vs 0.13%/yr for SPMO.

Performance

HXH.TO vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HXH.TO is traded in CAD, while SPMO is traded in USD. To make them comparable, the SPMO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HXH.TO achieves a 20.31% return, which is significantly lower than SPMO's 30.82% return. Over the past 10 years, HXH.TO has underperformed SPMO with an annualized return of 11.74%, while SPMO has yielded a comparatively higher 21.72% annualized return.

HXH.TO

• 1D: 0.07%
• 1M: 3.71%
• YTD: 20.31%
• 6M: 22.05%
• 1Y: 40.82%
• 3Y*: 21.85%
• 5Y*: 16.07%
• 10Y*: 11.74%

SPMO

• 1D: 0.00%
• 1M: 16.60%
• YTD: 30.82%
• 6M: 28.84%
• 1Y: 46.55%
• 3Y*: 44.27%
• 5Y*: 27.61%
• 10Y*: 21.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HXH.TO vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF	20.31%	25.86%	15.24%	6.33%	5.00%	34.51%	-7.66%	22.17%	-14.86%	8.10%
SPMO Invesco S&P 500 Momentum ETF	32.01%	20.78%	58.34%	14.97%	-4.07%	21.54%	26.09%	19.74%	7.49%	19.63%

Correlation

The correlation between HXH.TO and SPMO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Apr 13, 2016	0.23

The correlation between HXH.TO and SPMO shifts across timeframes, from 0.10 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.

HXH.TO vs. SPMO - Sectors Allocation Comparison

Sectors	HXH.TO	SPMO
Real Estate	32.3%	1.0%
Basic Materials	-	1.6%
Communication Services	-	9.2%
Consumer Cyclical	-	1.3%
Consumer Defensive	-	4.3%
Energy	-	3.4%
Financial Services	-	5.9%
Healthcare	-	6.7%
Industrials	-	11.3%
Technology	-	52.6%
Utilities	-	2.8%

Return for Risk

HXH.TO vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HXH.TO

HXH.TO Risk / Return Rank: 98
HXH.TO Sharpe Ratio Rank: 97
HXH.TO Sortino Ratio Rank: 98
HXH.TO Omega Ratio Rank: 98
HXH.TO Calmar Ratio Rank: 98
HXH.TO Martin Ratio Rank: 97

SPMO

SPMO Risk / Return Rank: 75
SPMO Sharpe Ratio Rank: 79
SPMO Sortino Ratio Rank: 77
SPMO Omega Ratio Rank: 77
SPMO Calmar Ratio Rank: 71
SPMO Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HXH.TO vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) and Invesco S&P 500 Momentum ETF (SPMO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	HXH.TO	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	4.99	2.72	+2.27
Sortino ratio: Return per unit of downside risk	7.51	3.67	+3.84
Omega ratio: Gain probability vs. loss probability	2.08	1.49	+0.59
Calmar ratio: Return relative to maximum drawdown	16.25	3.65	+12.60
Martin ratio: Return relative to average drawdown	50.77	12.23	+38.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HXH.TO vs. SPMO - Sharpe Ratio Comparison

The current HXH.TO Sharpe Ratio is 4.99, which is higher than the SPMO Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of HXH.TO and SPMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HXH.TO	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.99	2.72	+2.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.33	1.57	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	1.14	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.10	-0.34

Drawdowns

HXH.TO vs. SPMO - Drawdown Comparison

The maximum HXH.TO drawdown since its inception was -40.80%, which is greater than SPMO's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for HXH.TO and SPMO.

Drawdown Indicators

	HXH.TO	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-40.80%	-25.58%	-15.22%
Max Drawdown (1Y) Largest decline over 1 year	-2.52%	-12.82%	+10.30%
Max Drawdown (3Y) Largest decline over 3 years	-10.55%	-20.26%	+9.71%
Max Drawdown (5Y) Largest decline over 5 years	-15.88%	-20.69%	+4.81%
Max Drawdown (10Y) Largest decline over 10 years	-40.80%	-25.58%	-15.22%
Current Drawdown Current decline from peak	-0.73%	0.00%	-0.73%
Average Drawdown Average peak-to-trough decline	-4.86%	-4.14%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	3.82%	-3.01%

Volatility

HXH.TO vs. SPMO - Volatility Comparison

The current volatility for Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) is 3.02%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.29%. This indicates that HXH.TO experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXH.TO	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	7.29%	-4.27%
Volatility (6M) Calculated over the trailing 6-month period	6.79%	13.95%	-7.16%
Volatility (1Y) Calculated over the trailing 1-year period	8.23%	17.23%	-9.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.18%	17.71%	-5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	19.10%	-3.05%

HXH.TO vs. SPMO - Expense Ratio Comparison

HXH.TO has a 0.11% expense ratio, which is lower than SPMO's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HXH.TO vs. SPMO - Dividend Comparison

HXH.TO has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.65%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPMO Invesco S&P 500 Momentum ETF	0.65%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%

Frequently Asked Questions

Can I hold both HXH.TO and SPMO in my portfolio?

HXH.TO and SPMO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HXH.TO or SPMO?

On fees, HXH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HXH.TO or SPMO?

HXH.TO is cheaper with a 0.11% expense ratio, compared with 0.13% for SPMO.

What is the main difference between HXH.TO and SPMO?

HXH.TO is categorized as Canada Equities, while SPMO is Momentum. HXH.TO tracks Solactive Canadian High Dividend Yield Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.11% for HXH.TO and 0.13% for SPMO.