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HXS.TO vs. HGY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXS.TO vs. HGY.TO

Last updated Jun 4, 2026

HXS.TO (Global X S&P 500 Index Corporate Class ETF) and HGY.TO (Global X Gold Yield ETF) are both exchange-traded funds - HXS.TO is a S&P 500 fund tracking the S&P 500 Index, while HGY.TO is a Gold fund actively managed by Global X. HXS.TO is passively managed, while HGY.TO is actively managed. Over the past 10 years, HXS.TO returned 15.90%/yr vs 9.42%/yr for HGY.TO. At a correlation of -0.08, they often move in opposite directions. HXS.TO charges 0.10%/yr vs 0.86%/yr for HGY.TO.

Performance

HXS.TO vs. HGY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X S&P 500 Index Corporate Class ETF (HXS.TO) and Global X Gold Yield ETF (HGY.TO). The values are adjusted to include any dividend payments, if applicable.

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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 HGY.TO's 1.16% return. Over the past 10 years, HXS.TO has outperformed HGY.TO with an annualized return of 15.90%, while HGY.TO has yielded a comparatively lower 9.42% 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%

HGY.TO

1D
-0.83%
1M
-1.36%
YTD
1.16%
6M
3.23%
1Y
23.98%
3Y*
24.16%
5Y*
13.84%
10Y*
9.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXS.TO vs. HGY.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
HGY.TO
Global X Gold Yield ETF		1.16%48.66%21.36%9.51%-1.07%-4.51%18.67%13.62%-3.58%8.33%

Correlation

The correlation between HXS.TO and HGY.TO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

-0.02

Correlation (10Y)
Calculated over the trailing 10-year period

-0.07

Correlation (All Time)
Calculated using the full available price history since Dec 21, 2010

-0.08

The correlation between HXS.TO and HGY.TO shifts across timeframes, from -0.08 (all time) to 0.08 (1 year), reflecting how their relationship changes across market environments.

HXS.TO vs. HGY.TO - Sectors Allocation Comparison

Sectors
HXS.TO
HGY.TO

Technology

35.6%

-

Financial Services

11.8%
100.0%

Communication Services

11.2%

-

Consumer Cyclical

10.1%

-

Healthcare

8.5%

-

Industrials

8.3%

-

Consumer Defensive

4.9%

-

Energy

3.5%

-

Utilities

2.4%

-

Real Estate

1.9%

-

Basic Materials

1.8%

-

Technology

HXS.TO
35.6%
HGY.TO

-

Financial Services

HXS.TO
11.8%
HGY.TO
100.0%

Communication Services

HXS.TO
11.2%
HGY.TO

-

Consumer Cyclical

HXS.TO
10.1%
HGY.TO

-

Healthcare

HXS.TO
8.5%
HGY.TO

-

Industrials

HXS.TO
8.3%
HGY.TO

-

Consumer Defensive

HXS.TO
4.9%
HGY.TO

-

Energy

HXS.TO
3.5%
HGY.TO

-

Utilities

HXS.TO
2.4%
HGY.TO

-

Real Estate

HXS.TO
1.9%
HGY.TO

-

Basic Materials

HXS.TO
1.8%
HGY.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X S&P 500 Index Corporate Class ETF

Global X Gold Yield ETF

Often compared with HXS.TO:
HXS.TO vs. HXQ.TOHXS.TO vs. VFV.TOHXS.TO vs. ZSP.TOHXS.TO vs. VOOHXS.TO vs. XUS.TOHXS.TO vs. SPYHXS.TO vs. TEC.TO
Often compared with HGY.TO:
HGY.TO vs. XEG.TOHGY.TO vs. HUG.TOHGY.TO vs. HGGG.TOHGY.TO vs. VALT.TOHGY.TO vs. GC=FHGY.TO vs. AMAX.TOHGY.TO vs. XGD.TO

Return for Risk

HXS.TO vs. HGY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HXS.TO
HXS.TO Risk / Return Rank: 7171
Overall Rank
HXS.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
HXS.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
HXS.TO Omega Ratio Rank: 7474
Omega Ratio Rank
HXS.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
HXS.TO Martin Ratio Rank: 6767
Martin Ratio Rank
HGY.TO
HGY.TO Risk / Return Rank: 2828
Overall Rank
HGY.TO Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
HGY.TO Sortino Ratio Rank: 2626
Sortino Ratio Rank
HGY.TO Omega Ratio Rank: 3131
Omega Ratio Rank
HGY.TO Calmar Ratio Rank: 2929
Calmar Ratio Rank
HGY.TO Martin Ratio Rank: 2727
Martin Ratio Rank
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.

HXS.TO vs. HGY.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 Gold Yield ETF (HGY.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.TOHGY.TODifference
Sharpe ratioReturn per unit of total volatility
2.46
1.03

+1.43

Sortino ratioReturn per unit of downside risk
3.36
1.42

+1.94

Omega ratioGain probability vs. loss probability

1.45

1.21

+0.24

Calmar ratioReturn relative to maximum drawdown

3.33

1.38

+1.95

Martin ratioReturn relative to average drawdown

12.62

3.70

+8.92

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HXS.TO vs. HGY.TO - Sharpe Ratio Comparison

The current HXS.TO Sharpe Ratio is 2.46, which is higher than the HGY.TO Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of HXS.TO and HGY.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.

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Sharpe Ratios by Period

HXS.TOHGY.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

1.03

+1.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.11

0.89

+0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.97

0.61

+0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

1.02

0.07

+0.95

Drawdowns

HXS.TO vs. HGY.TO - Drawdown Comparison

The maximum HXS.TO drawdown since its inception was -27.42%, smaller than the maximum HGY.TO drawdown of -39.53%. Use the drawdown chart below to compare losses from any high point for HXS.TO and HGY.TO.

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Drawdown Indicators

HXS.TOHGY.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.42%

-39.53%

+12.11%

Max Drawdown (1Y)

Largest decline over 1 year

-8.74%

-17.47%

+8.73%

Max Drawdown (3Y)

Largest decline over 3 years

-18.98%

-17.47%

-1.51%

Max Drawdown (5Y)

Largest decline over 5 years

-22.63%

-18.32%

-4.31%

Max Drawdown (10Y)

Largest decline over 10 years

-27.42%

-20.31%

-7.11%

Current Drawdown

Current decline from peak

-0.27%

-15.54%

+15.27%

Average Drawdown

Average peak-to-trough decline

-3.54%

-17.79%

+14.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.30%

6.50%

-4.20%

Volatility

HXS.TO vs. HGY.TO - Volatility Comparison

The current volatility for Global X S&P 500 Index Corporate Class ETF (HXS.TO) is 3.27%, while Global X Gold Yield ETF (HGY.TO) has a volatility of 7.22%. This indicates that HXS.TO experiences smaller price fluctuations and is considered to be less risky than HGY.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.TOHGY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.27%

7.22%

-3.95%

Volatility (6M)

Calculated over the trailing 6-month period

8.83%

20.71%

-11.88%

Volatility (1Y)

Calculated over the trailing 1-year period

11.85%

23.45%

-11.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.13%

15.57%

-0.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.53%

15.45%

+1.08%

HXS.TO vs. HGY.TO - Expense Ratio Comparison

HXS.TO has a 0.10% expense ratio, which is lower than HGY.TO's 0.86% expense ratio.

Dividends

HXS.TO vs. HGY.TO - Dividend Comparison

HXS.TO has not paid dividends to shareholders, while HGY.TO's dividend yield for the trailing twelve months is around 6.13%.

PositionTTM20252024202320222021202020192018201720162015
HGY.TO
Global X Gold Yield ETF		6.13%4.92%5.32%6.10%6.42%5.87%5.72%4.19%4.66%4.63%5.37%6.13%
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 HGY.TO have a correlation of 0.08, 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 0.86% for HGY.TO.

HXS.TO is categorized as S&P 500, while HGY.TO is Gold. Their fees differ too: 0.10% for HXS.TO and 0.86% for HGY.TO.

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