HXS.TO vs. HAF.TO
HXS.TO (Global X S&P 500 Index Corporate Class ETF) and HAF.TO (Global X Active Global Fixed Income ETF) are both exchange-traded funds - HXS.TO is a S&P 500 fund tracking the S&P 500 Index, while HAF.TO is a Global Bonds fund actively managed by Global X. HXS.TO is passively managed, while HAF.TO is actively managed. Over the past 10 years, HXS.TO returned 15.90%/yr vs 3.04%/yr for HAF.TO. At a 0.02 correlation, their price movements are largely independent. HXS.TO charges 0.10%/yr vs 0.59%/yr for HAF.TO.
Performance
HXS.TO vs. HAF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXS.TO achieves a 11.99% return, which is significantly higher than HAF.TO's 2.84% return. Over the past 10 years, HXS.TO has outperformed HAF.TO with an annualized return of 15.90%, while HAF.TO has yielded a comparatively lower 3.04% annualized return.
HXS.TO
- 1D
- -0.27%
- 1M
- 7.20%
- YTD
- 11.99%
- 6M
- 10.17%
- 1Y
- 29.00%
- 3Y*
- 23.29%
- 5Y*
- 16.64%
- 10Y*
- 15.90%
HAF.TO
- 1D
- -0.14%
- 1M
- 1.28%
- YTD
- 2.84%
- 6M
- 3.43%
- 1Y
- 3.73%
- 3Y*
- 5.57%
- 5Y*
- 2.57%
- 10Y*
- 3.04%
HXS.TO vs. HAF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HXS.TO Global X S&P 500 Index Corporate Class ETF | 11.99% | 11.93% | 34.98% | 23.22% | -12.72% | 27.30% | 15.78% | 24.69% | 3.03% | 13.60% |
HAF.TO Global X Active Global Fixed Income ETF | 2.84% | 2.56% | 3.65% | 10.92% | -6.00% | 1.88% | 2.75% | 3.00% | 0.23% | 4.03% |
Correlation
The correlation between HXS.TO and HAF.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.02 |
The correlation between HXS.TO and HAF.TO shifts across timeframes, from 0.02 (10 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
HXS.TO vs. HAF.TO - Sectors Allocation Comparison
Sectors
HXS.TO
HAF.TO
Technology
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Financial Services
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Communication Services
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Consumer Cyclical
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Healthcare
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Industrials
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Consumer Defensive
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Energy
Utilities
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Real Estate
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Basic Materials
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Technology
HXS.TO
HAF.TO
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Financial Services
HXS.TO
HAF.TO
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Communication Services
HXS.TO
HAF.TO
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Consumer Cyclical
HXS.TO
HAF.TO
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Healthcare
HXS.TO
HAF.TO
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Industrials
HXS.TO
HAF.TO
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Consumer Defensive
HXS.TO
HAF.TO
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Energy
HXS.TO
HAF.TO
Utilities
HXS.TO
HAF.TO
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Real Estate
HXS.TO
HAF.TO
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Basic Materials
HXS.TO
HAF.TO
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Return for Risk
HXS.TO vs. HAF.TO — Risk / Return Rank
HXS.TO
HAF.TO
HXS.TO vs. HAF.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 Global X Active Global Fixed Income ETF (HAF.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.
| HXS.TO | HAF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.10 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 0.97 | +2.37 |
| Martin ratioReturn relative to average drawdown | 12.62 | 2.16 | +10.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HXS.TO | HAF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 0.55 | +1.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.36 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.28 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.20 | +0.82 |
Drawdowns
HXS.TO vs. HAF.TO - Drawdown Comparison
The maximum HXS.TO drawdown since its inception was -27.42%, roughly equal to the maximum HAF.TO drawdown of -28.04%. Use the drawdown chart below to compare losses from any high point for HXS.TO and HAF.TO.
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Drawdown Indicators
| HXS.TO | HAF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.42% | -28.04% | +0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -3.87% | -4.87% |
Max Drawdown (3Y)Largest decline over 3 years | -18.98% | -3.94% | -15.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -12.30% | -10.33% |
Max Drawdown (10Y)Largest decline over 10 years | -27.42% | -28.04% | +0.62% |
Current DrawdownCurrent decline from peak | -0.27% | -0.14% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -4.03% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.73% | +0.57% |
Volatility
HXS.TO vs. HAF.TO - Volatility Comparison
Global X S&P 500 Index Corporate Class ETF (HXS.TO) has a higher volatility of 3.27% compared to Global X Active Global Fixed Income ETF (HAF.TO) at 1.68%. This indicates that HXS.TO's price experiences larger fluctuations and is considered to be riskier than HAF.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 | HAF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 1.68% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 4.88% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.85% | 6.84% | +5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 7.19% | +7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 11.09% | +5.44% |
HXS.TO vs. HAF.TO - Expense Ratio Comparison
HXS.TO has a 0.10% expense ratio, which is lower than HAF.TO's 0.59% expense ratio.
Dividends
HXS.TO vs. HAF.TO - Dividend Comparison
HXS.TO has not paid dividends to shareholders, while HAF.TO's dividend yield for the trailing twelve months is around 4.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAF.TO Global X Active Global Fixed Income ETF | 4.96% | 5.05% | 5.47% | 5.34% | 4.36% | 2.41% | 3.08% | 3.23% | 2.82% | 3.11% | 3.98% | 3.84% |
HXS.TO Global X S&P 500 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% |
Frequently Asked Questions
HXS.TO and HAF.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXS.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXS.TO is cheaper with a 0.10% expense ratio, compared with 0.59% for HAF.TO.
HXS.TO is categorized as S&P 500, while HAF.TO is Global Bonds. Their fees differ too: 0.10% for HXS.TO and 0.59% for HAF.TO.
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