HXQ.TO vs. TRI.TO

Last updated Aug 2, 2026

HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while TRI.TO (Thomson Reuters Corporation) is a stock. Over the past 10 years, HXQ.TO returned 21.14%/yr vs 10.08%/yr for TRI.TO. Their 0.33 correlation means their historical movements had little consistent relationship.

Performance

HXQ.TO vs. TRI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) and Thomson Reuters Corporation (TRI.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HXQ.TO achieves a 14.56% return, which is significantly higher than TRI.TO's -24.19% return. Over the past 10 years, HXQ.TO has outperformed TRI.TO with an annualized return of 21.14%, while TRI.TO has yielded a comparatively lower 10.08% annualized return.

HXQ.TO

• 1D: 0.69%
• 1M: -5.98%
• 6M: 14.12%
• YTD: 14.56%
• 1Y: 26.47%
• 3Y*: 24.20%
• 5Y*: 16.73%
• 10Y*: 21.14%
• ALL TIME*: 21.11%

TRI.TO

• 1D: -0.64%
• 1M: 10.12%
• 6M: -8.73%
• YTD: -24.19%
• 1Y: -50.12%
• 3Y*: -7.47%
• 5Y*: 1.27%
• 10Y*: 10.08%
• ALL TIME*: 7.53%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	CA$2.97M	CA$3.02M	CA$3.91M
TRI.TO Thomson Reuters Corporation	CA$113.88M	CA$97.56M	CA$94.14M

HXQ.TO vs. TRI.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	14.56%	15.05%	35.98%	51.16%	-27.84%	26.20%	45.58%	32.26%	6.71%	23.12%
TRI.TO Thomson Reuters Corporation	-24.19%	-20.40%	20.70%	22.34%	3.77%	47.41%	14.33%	43.93%	10.60%	-4.27%

Correlation

The correlation between HXQ.TO and TRI.TO is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.12
Correlation (3Y) Balances recent behavior with more history.	0.16
Correlation (5Y) Shows whether the relationship held over a longer period.	0.30
Correlation (10Y) Provides a long-term view across more market conditions.	0.34
Correlation (All Time) Calculated using the full available price history since Apr 21, 2016	0.33

The correlation between HXQ.TO and TRI.TO shifts across timeframes, from -0.12 (1 year) to 0.34 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

HXQ.TO vs. TRI.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HXQ.TO

HXQ.TO Risk / Return Rank: 51
HXQ.TO Sharpe Ratio Rank: 52
HXQ.TO Sortino Ratio Rank: 50
HXQ.TO Omega Ratio Rank: 50
HXQ.TO Calmar Ratio Rank: 53
HXQ.TO Martin Ratio Rank: 48

TRI.TO

TRI.TO Risk / Return Rank: 8
TRI.TO Sharpe Ratio Rank: 3
TRI.TO Sortino Ratio Rank: 5
TRI.TO Omega Ratio Rank: 5
TRI.TO Calmar Ratio Rank: 12
TRI.TO Martin Ratio Rank: 17

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HXQ.TO vs. TRI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) and Thomson Reuters Corporation (TRI.TO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HXQ.TO	TRI.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.25	-1.08	+2.33
Sortino ratio: Return per unit of downside risk	1.75	-1.72	+3.47
Omega ratio: Gain probability vs. loss probability	1.23	0.79	+0.43
Calmar ratio: Return relative to maximum drawdown	1.90	-0.83	+2.73
Martin ratio: Return relative to average drawdown	5.49	-1.16	+6.66

HXQ.TO vs. TRI.TO - Sharpe Ratio Comparison

The current HXQ.TO Sharpe Ratio is 1.25, which is higher than the TRI.TO Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of HXQ.TO and TRI.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HXQ.TO vs. TRI.TO - Drawdown Comparison

The maximum HXQ.TO drawdown since its inception was -31.60%, smaller than the maximum TRI.TO drawdown of -63.05%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and TRI.TO.

Drawdown Indicators

	HXQ.TO	TRI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-31.60%	-63.05%	+31.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-60.90%	+48.47%
Max Drawdown (3Y) Largest decline over 3 years	-22.58%	-63.05%	+40.47%
Max Drawdown (5Y) Largest decline over 5 years	-31.60%	-63.05%	+31.45%
Max Drawdown (10Y) Largest decline over 10 years	-31.60%	-63.05%	+31.45%
Current Drawdown Current decline from peak	-7.80%	-52.86%	+45.06%
Average Drawdown Average peak-to-trough decline	-5.72%	-13.65%	+7.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.30%	43.31%	-39.01%

Volatility

HXQ.TO vs. TRI.TO - Volatility Comparison

The current volatility for Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) is 6.71%, while Thomson Reuters Corporation (TRI.TO) has a volatility of 18.22%. This indicates that HXQ.TO experiences smaller price fluctuations and is considered to be less risky than TRI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXQ.TO	TRI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	18.22%	-11.51%
Volatility (6M) Calculated over the trailing 6-month period	15.67%	42.07%	-26.40%
Volatility (1Y) Calculated over the trailing 1-year period	18.98%	46.64%	-27.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.29%	26.78%	-5.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.07%	23.90%	-2.83%

Dividends

HXQ.TO vs. TRI.TO - Dividend Comparison

HXQ.TO has not paid dividends to shareholders, while TRI.TO's dividend yield for the trailing twelve months is around 3.96%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HXQ.TO Global X Nasdaq-100 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%
TRI.TO Thomson Reuters Corporation	3.96%	1.81%	1.26%	4.51%	1.42%	1.27%	1.86%	1.97%	11.21%	2.82%	2.65%	2.81%

Frequently Asked Questions

Can I hold both HXQ.TO and TRI.TO in my portfolio?

HXQ.TO and TRI.TO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.