HXS.TO vs. BITI.TO
HXS.TO (Global X S&P 500 Index Corporate Class ETF) and BITI.TO (BetaPro Inverse Bitcoin ETF) are both exchange-traded funds - HXS.TO is a S&P 500 fund tracking the S&P 500 Index, while BITI.TO is a Leveraged Cryptocurrency fund actively managed by Global X. HXS.TO is passively managed, while BITI.TO is actively managed. Over the past 5 years, HXS.TO returned 14.98%/yr vs 0.42%/yr for BITI.TO. At a correlation of -0.33, they often move in opposite directions.
Performance
HXS.TO vs. BITI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXS.TO achieves a 11.55% return, which is significantly lower than BITI.TO's 24.61% return.
HXS.TO
- 1D
- -1.21%
- 1M
- -0.18%
- 6M
- 8.53%
- YTD
- 11.55%
- 1Y
- 21.46%
- 3Y*
- 21.32%
- 5Y*
- 14.98%
- 10Y*
- —
BITI.TO
- 1D
- -0.08%
- 1M
- -1.66%
- 6M
- 35.28%
- YTD
- 24.61%
- 1Y
- 62.12%
- 3Y*
- 29.93%
- 5Y*
- 0.42%
- 10Y*
- —
HXS.TO vs. BITI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HXS.TO Global X S&P 500 Index Corporate Class ETF | 11.55% | 11.93% | 34.98% | 23.22% | -12.72% | 17.50% |
BITI.TO BetaPro Inverse Bitcoin ETF | 24.61% | -8.52% | 178.75% | -67.62% | 80.23% | -8.96% |
Correlation
The correlation between HXS.TO and BITI.TO is -0.39, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | -0.33 |
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Return for Risk
HXS.TO vs. BITI.TO — Risk / Return Rank
HXS.TO
BITI.TO
HXS.TO vs. BITI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Index Corporate Class ETF (HXS.TO) and BetaPro Inverse Bitcoin ETF (BITI.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.
| HXS.TO | BITI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.40 | +0.07 |
| Martin ratioReturn relative to average drawdown | 9.13 | 5.83 | +3.30 |
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Drawdowns
HXS.TO vs. BITI.TO - Drawdown Comparison
The maximum HXS.TO drawdown since its inception was -27.41%, smaller than the maximum BITI.TO drawdown of -84.75%. Use the drawdown chart below to compare losses from any high point for HXS.TO and BITI.TO.
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Drawdown Indicators
| HXS.TO | BITI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.41% | -84.75% | +57.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -26.02% | +17.28% |
Max Drawdown (3Y)Largest decline over 3 years | -18.98% | -69.26% | +50.28% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -84.75% | +62.12% |
Current DrawdownCurrent decline from peak | -2.49% | -19.04% | +16.55% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -43.56% | +39.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 10.69% | -8.33% |
Volatility
HXS.TO vs. BITI.TO - Volatility Comparison
The current volatility for Global X S&P 500 Index Corporate Class ETF (HXS.TO) is 3.54%, while BetaPro Inverse Bitcoin ETF (BITI.TO) has a volatility of 11.06%. This indicates that HXS.TO experiences smaller price fluctuations and is considered to be less risky than BITI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HXS.TO | BITI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 11.06% | -7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 34.97% | -25.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.54% | 45.34% | -32.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.28% | 262.30% | -247.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 256.38% | -238.69% |
Dividends
HXS.TO vs. BITI.TO - Dividend Comparison
Neither HXS.TO nor BITI.TO has paid dividends to shareholders.
Frequently Asked Questions
HXS.TO and BITI.TO have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HXS.TO is categorized as S&P 500, while BITI.TO is Leveraged Cryptocurrency.
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