HXS.TO vs. HSUV-U.TO

Last updated Jun 4, 2026

HXS.TO (Global X S&P 500 Index Corporate Class ETF) and HSUV-U.TO (Global X USD Cash Maximizer Corporate Class ETF) are both exchange-traded funds - HXS.TO is a S&P 500 fund tracking the S&P 500 Index, while HSUV-U.TO is a Money Market fund actively managed by Global X. HXS.TO is passively managed, while HSUV-U.TO is actively managed. Over the past 5 years, HXS.TO returned 16.64%/yr vs 6.53%/yr for HSUV-U.TO. At a correlation of -0.07, they often move in opposite directions. HXS.TO charges 0.10%/yr vs 0.18%/yr for HSUV-U.TO.

Performance

HXS.TO vs. HSUV-U.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 USD Cash Maximizer Corporate Class ETF (HSUV-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HXS.TO is traded in CAD, while HSUV-U.TO is traded in USD. To make them comparable, the HSUV-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HXS.TO achieves a 11.99% return, which is significantly higher than HSUV-U.TO's 2.74% 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%

HSUV-U.TO

• 1D: 0.48%
• 1M: 2.55%
• YTD: 2.74%
• 6M: 1.46%
• 1Y: 5.10%
• 3Y*: 5.79%
• 5Y*: 6.53%
• 10Y*: —

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

HXS.TO vs. HSUV-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HXS.TO Global X S&P 500 Index Corporate Class ETF	11.99%	11.93%	34.98%	23.22%	-12.72%	27.30%	14.37%
HSUV-U.TO Global X USD Cash Maximizer Corporate Class ETF	2.74%	-0.73%	13.87%	3.14%	9.21%	-0.64%	-5.89%

Correlation

The correlation between HXS.TO and HSUV-U.TO is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020	-0.07

The correlation between HXS.TO and HSUV-U.TO shifts across timeframes, from -0.07 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

HXS.TO vs. HSUV-U.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: 71
HXS.TO Sharpe Ratio Rank: 74
HXS.TO Sortino Ratio Rank: 73
HXS.TO Omega Ratio Rank: 74
HXS.TO Calmar Ratio Rank: 66
HXS.TO Martin Ratio Rank: 67

HSUV-U.TO

HSUV-U.TO Risk / Return Rank: 95
HSUV-U.TO Sharpe Ratio Rank: 91
HSUV-U.TO Sortino Ratio Rank: 94
HSUV-U.TO Omega Ratio Rank: 95
HSUV-U.TO Calmar Ratio Rank: 97
HSUV-U.TO Martin Ratio Rank: 96

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. HSUV-U.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 USD Cash Maximizer Corporate Class ETF (HSUV-U.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	HSUV-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.46	1.06	+1.40
Sortino ratio: Return per unit of downside risk	3.36	1.47	+1.88
Omega ratio: Gain probability vs. loss probability	1.45	1.19	+0.27
Calmar ratio: Return relative to maximum drawdown	3.33	1.32	+2.01
Martin ratio: Return relative to average drawdown	12.62	3.73	+8.89
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. HSUV-U.TO - Sharpe Ratio Comparison

The current HXS.TO Sharpe Ratio is 2.46, which is higher than the HSUV-U.TO Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of HXS.TO and HSUV-U.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.

Sharpe Ratios by Period

	HXS.TO	HSUV-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	1.06	+1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.11	1.02	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.54	+0.47

Drawdowns

HXS.TO vs. HSUV-U.TO - Drawdown Comparison

The maximum HXS.TO drawdown since its inception was -27.42%, which is greater than HSUV-U.TO's maximum drawdown of -11.40%. Use the drawdown chart below to compare losses from any high point for HXS.TO and HSUV-U.TO.

Drawdown Indicators

	HXS.TO	HSUV-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.42%	-11.40%	-16.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	-3.88%	-4.86%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-5.55%	-13.43%
Max Drawdown (5Y) Largest decline over 5 years	-22.63%	-5.55%	-17.08%
Max Drawdown (10Y) Largest decline over 10 years	-27.42%	—	—
Current Drawdown Current decline from peak	-0.27%	0.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-3.54%	-3.24%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	1.37%	+0.93%

Volatility

HXS.TO vs. HSUV-U.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 USD Cash Maximizer Corporate Class ETF (HSUV-U.TO) at 0.79%. This indicates that HXS.TO's price experiences larger fluctuations and is considered to be riskier than HSUV-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXS.TO	HSUV-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	0.79%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	8.83%	3.64%	+5.19%
Volatility (1Y) Calculated over the trailing 1-year period	11.85%	4.82%	+7.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.13%	6.42%	+8.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	6.41%	+10.12%

HXS.TO vs. HSUV-U.TO - Expense Ratio Comparison

HXS.TO has a 0.10% expense ratio, which is lower than HSUV-U.TO's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HXS.TO vs. HSUV-U.TO - Dividend Comparison

Neither HXS.TO nor HSUV-U.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HXS.TO and HSUV-U.TO in my portfolio?

HXS.TO and HSUV-U.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HXS.TO or HSUV-U.TO?

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.

Which ETF is cheaper, HXS.TO or HSUV-U.TO?

HXS.TO is cheaper with a 0.10% expense ratio, compared with 0.18% for HSUV-U.TO.

What is the main difference between HXS.TO and HSUV-U.TO?

HXS.TO is categorized as S&P 500, while HSUV-U.TO is Money Market. Their fees differ too: 0.10% for HXS.TO and 0.18% for HSUV-U.TO.