HXS.TO vs. MTRX.TO

Last updated Jun 24, 2026

HXS.TO (Global X S&P 500 Index Corporate Class ETF) and MTRX.TO (Global X Artificial Intelligence Infrastructure Index ETF) are both exchange-traded funds - HXS.TO is a S&P 500 fund tracking the S&P 500 Index, while MTRX.TO is a Technology Equities fund tracking the Mirae Asset AI Infrastructure CAD Index. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. HXS.TO charges 0.11%/yr vs 0.49%/yr for MTRX.TO.

Performance

HXS.TO vs. MTRX.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 Artificial Intelligence Infrastructure Index ETF (MTRX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HXS.TO

• 1D: -1.10%
• 1M: 1.36%
• YTD: 11.68%
• 6M: 11.02%
• 1Y: 27.21%
• 3Y*: 23.26%
• 5Y*: 15.89%
• 10Y*: —

MTRX.TO

• 1D: -5.09%
• 1M: 4.69%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
HXS.TO Global X S&P 500 Index Corporate Class ETF	9.51%
MTRX.TO Global X Artificial Intelligence Infrastructure Index ETF	25.67%

Correlation

The correlation between HXS.TO and MTRX.TO is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.67

Return for Risk

HXS.TO vs. MTRX.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: 69
HXS.TO Sharpe Ratio Rank: 72
HXS.TO Sortino Ratio Rank: 70
HXS.TO Omega Ratio Rank: 72
HXS.TO Calmar Ratio Rank: 66
HXS.TO Martin Ratio Rank: 67

MTRX.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. MTRX.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 Artificial Intelligence Infrastructure Index ETF (MTRX.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	MTRX.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.21	—	—
Sortino ratio: Return per unit of downside risk	3.01	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.13	—	—
Martin ratio: Return relative to average drawdown	11.70	—	—

Drawdowns

HXS.TO vs. MTRX.TO - Drawdown Comparison

The maximum HXS.TO drawdown since its inception was -27.41%, which is greater than MTRX.TO's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for HXS.TO and MTRX.TO.

Drawdown Indicators

	HXS.TO	MTRX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.41%	-14.79%	-12.62%
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.63%	—	—
Current Drawdown Current decline from peak	-1.96%	-5.09%	+3.13%
Average Drawdown Average peak-to-trough decline	-4.26%	-3.60%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	—	—

Volatility

Volatility by Period

	HXS.TO	MTRX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.37%	37.98%	-25.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.25%	37.98%	-22.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.74%	37.98%	-20.24%

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

HXS.TO has a 0.11% expense ratio, which is lower than MTRX.TO's 0.49% expense ratio.

Dividends

HXS.TO vs. MTRX.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HXS.TO and MTRX.TO in my portfolio?

HXS.TO and MTRX.TO have a correlation of 0.67, 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 MTRX.TO?

On fees, HXS.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HXS.TO or MTRX.TO?

HXS.TO is cheaper with a 0.11% expense ratio, compared with 0.49% for MTRX.TO.

What is the main difference between HXS.TO and MTRX.TO?

HXS.TO is categorized as S&P 500, while MTRX.TO is Technology Equities. HXS.TO tracks S&P 500 Index, while MTRX.TO tracks Mirae Asset AI Infrastructure CAD Index. Their fees differ too: 0.11% for HXS.TO and 0.49% for MTRX.TO.