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

HXS.TO vs. HIU.TO

Last updated Jun 4, 2026

HXS.TO (Global X S&P 500 Index Corporate Class ETF) and HIU.TO (BetaPro S&P 500 Daily Inverse ETF) are both exchange-traded funds - HXS.TO is a S&P 500 fund tracking the S&P 500 Index, while HIU.TO is a Inverse Equities fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, HXS.TO returned 15.90%/yr vs -13.85%/yr for HIU.TO. At a correlation of -0.74, they often move in opposite directions. HXS.TO charges 0.10%/yr vs 1.75%/yr for HIU.TO.

Performance

HXS.TO vs. HIU.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 BetaPro S&P 500 Daily Inverse ETF (HIU.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 HIU.TO's -9.58% return. Over the past 10 years, HXS.TO has outperformed HIU.TO with an annualized return of 15.90%, while HIU.TO has yielded a comparatively lower -13.85% 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%

HIU.TO

1D
0.00%
1M
-5.19%
YTD
-9.58%
6M
-9.39%
1Y
-19.94%
3Y*
-14.91%
5Y*
-10.51%
10Y*
-13.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXS.TO vs. HIU.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%
HIU.TO
BetaPro S&P 500 Daily Inverse ETF		-9.58%-13.79%-14.77%-15.60%19.13%-24.53%-24.80%-23.55%4.26%-18.72%

Correlation

The correlation between HXS.TO and HIU.TO is -0.87, 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

-0.87

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

-0.85

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

-0.87

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

-0.80

Correlation (All Time)
Calculated using the full available price history since Dec 2, 2010

-0.74

The correlation between HXS.TO and HIU.TO shifts across timeframes, from -0.87 (1 year) to -0.74 (all time), reflecting how their relationship changes across market environments.

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

Sectors
HXS.TO
HIU.TO

Technology

35.6%
33.7%

Financial Services

11.8%
13.2%

Communication Services

11.2%
9.4%

Consumer Cyclical

10.1%
11.4%

Healthcare

8.5%
10.1%

Industrials

8.3%
7.3%

Consumer Defensive

4.9%
5.5%

Energy

3.5%
3.2%

Utilities

2.4%
2.5%

Real Estate

1.9%
2.1%

Basic Materials

1.8%
1.7%

Technology

HXS.TO
35.6%
HIU.TO
33.7%

Financial Services

HXS.TO
11.8%
HIU.TO
13.2%

Communication Services

HXS.TO
11.2%
HIU.TO
9.4%

Consumer Cyclical

HXS.TO
10.1%
HIU.TO
11.4%

Healthcare

HXS.TO
8.5%
HIU.TO
10.1%

Industrials

HXS.TO
8.3%
HIU.TO
7.3%

Consumer Defensive

HXS.TO
4.9%
HIU.TO
5.5%

Energy

HXS.TO
3.5%
HIU.TO
3.2%

Utilities

HXS.TO
2.4%
HIU.TO
2.5%

Real Estate

HXS.TO
1.9%
HIU.TO
2.1%

Basic Materials

HXS.TO
1.8%
HIU.TO
1.7%

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

BetaPro S&P 500 Daily Inverse 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 HIU.TO:
HIU.TO vs. ESG.TOHIU.TO vs. EQLI.TOHIU.TO vs. VSP.TOHIU.TO vs. VFV.TOHIU.TO vs. XSP.TOHIU.TO vs. HDIV.TOHIU.TO vs. ZSP-U.TO

Return for Risk

HXS.TO vs. HIU.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
HIU.TO
HIU.TO Risk / Return Rank: 00
Overall Rank
HIU.TO Sharpe Ratio Rank: 00
Sharpe Ratio Rank
HIU.TO Sortino Ratio Rank: 00
Sortino Ratio Rank
HIU.TO Omega Ratio Rank: 00
Omega Ratio Rank
HIU.TO Calmar Ratio Rank: 00
Calmar Ratio Rank
HIU.TO Martin Ratio Rank: 00
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. HIU.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 S&P 500 Daily Inverse ETF (HIU.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.TOHIU.TODifference
Sharpe ratioReturn per unit of total volatility
2.46
-1.70

+4.16

Sortino ratioReturn per unit of downside risk
3.36
-2.44

+5.80

Omega ratioGain probability vs. loss probability

1.45

0.74

+0.72

Calmar ratioReturn relative to maximum drawdown

3.33

-1.00

+4.33

Martin ratioReturn relative to average drawdown

12.62

-1.81

+14.43

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. HIU.TO - Sharpe Ratio Comparison

The current HXS.TO Sharpe Ratio is 2.46, which is higher than the HIU.TO Sharpe Ratio of -1.70. The chart below compares the historical Sharpe Ratios of HXS.TO and HIU.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.TOHIU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

-1.70

+4.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.11

-0.62

+1.73

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.97

-0.77

+1.73

Sharpe Ratio (All Time)

Calculated using the full available price history

1.02

-0.80

+1.82

Drawdowns

HXS.TO vs. HIU.TO - Drawdown Comparison

The maximum HXS.TO drawdown since its inception was -27.42%, smaller than the maximum HIU.TO drawdown of -92.05%. Use the drawdown chart below to compare losses from any high point for HXS.TO and HIU.TO.

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Drawdown Indicators

HXS.TOHIU.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.42%

-92.05%

+64.63%

Max Drawdown (1Y)

Largest decline over 1 year

-8.74%

-20.61%

+11.87%

Max Drawdown (3Y)

Largest decline over 3 years

-18.98%

-42.15%

+23.17%

Max Drawdown (5Y)

Largest decline over 5 years

-22.63%

-47.75%

+25.12%

Max Drawdown (10Y)

Largest decline over 10 years

-27.42%

-78.55%

+51.13%

Current Drawdown

Current decline from peak

-0.27%

-92.05%

+91.78%

Average Drawdown

Average peak-to-trough decline

-3.54%

-66.35%

+62.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.30%

11.33%

-9.03%

Volatility

HXS.TO vs. HIU.TO - Volatility Comparison

Global X S&P 500 Index Corporate Class ETF (HXS.TO) has a higher volatility of 3.27% compared to BetaPro S&P 500 Daily Inverse ETF (HIU.TO) at 2.95%. This indicates that HXS.TO's price experiences larger fluctuations and is considered to be riskier than HIU.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.TOHIU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.27%

2.95%

+0.32%

Volatility (6M)

Calculated over the trailing 6-month period

8.83%

9.07%

-0.24%

Volatility (1Y)

Calculated over the trailing 1-year period

11.85%

12.08%

-0.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.13%

16.94%

-1.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.53%

18.15%

-1.62%

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

HXS.TO has a 0.10% expense ratio, which is lower than HIU.TO's 1.75% expense ratio.

Dividends

HXS.TO vs. HIU.TO - Dividend Comparison

Neither HXS.TO nor HIU.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

HXS.TO and HIU.TO have a correlation of -0.87, 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 1.75% for HIU.TO.

HXS.TO is categorized as S&P 500, while HIU.TO is Inverse Equities. Both ETFs track S&P 500 Index. Their fees differ too: 0.10% for HXS.TO and 1.75% for HIU.TO.

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