Correlation
The correlation between HXS.TO and XEU.TO is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
HXS.TO vs. XEU.TO
Compare and contrast key facts about Global X S&P 500 Index Corporate Class ETF (HXS.TO) and iShares MSCI Europe IMI Index ETF (XEU.TO).
HXS.TO and XEU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HXS.TO is a passively managed fund by Global X that tracks the performance of the S&P 500 Index. It was launched on Nov 30, 2010. XEU.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Eur GR CAD. It was launched on Apr 15, 2014. Both HXS.TO and XEU.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HXS.TO or XEU.TO.
Performance
HXS.TO vs. XEU.TO - Performance Comparison
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Key characteristics
HXS.TO:
0.72
XEU.TO:
1.01
HXS.TO:
1.06
XEU.TO:
1.38
HXS.TO:
1.16
XEU.TO:
1.19
HXS.TO:
0.72
XEU.TO:
1.02
HXS.TO:
2.45
XEU.TO:
4.09
HXS.TO:
5.56%
XEU.TO:
3.65%
HXS.TO:
19.54%
XEU.TO:
15.95%
HXS.TO:
-27.42%
XEU.TO:
-32.02%
HXS.TO:
-6.94%
XEU.TO:
-1.05%
Returns By Period
In the year-to-date period, HXS.TO achieves a -3.20% return, which is significantly lower than XEU.TO's 16.82% return. Over the past 10 years, HXS.TO has outperformed XEU.TO with an annualized return of 13.45%, while XEU.TO has yielded a comparatively lower 7.29% annualized return.
HXS.TO
-3.20%
6.14%
-2.91%
13.95%
16.59%
15.50%
13.45%
XEU.TO
16.82%
4.88%
17.22%
16.03%
14.71%
12.59%
7.29%
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HXS.TO vs. XEU.TO - Expense Ratio Comparison
HXS.TO has a 0.10% expense ratio, which is lower than XEU.TO's 0.28% expense ratio.
Risk-Adjusted Performance
HXS.TO vs. XEU.TO — Risk-Adjusted Performance Rank
HXS.TO
XEU.TO
HXS.TO vs. XEU.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Index Corporate Class ETF (HXS.TO) and iShares MSCI Europe IMI Index ETF (XEU.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.
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Dividends
HXS.TO vs. XEU.TO - Dividend Comparison
HXS.TO has not paid dividends to shareholders, while XEU.TO's dividend yield for the trailing twelve months is around 2.29%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XEU.TO iShares MSCI Europe IMI Index ETF | 2.29% | 2.68% | 2.96% | 3.03% | 2.42% | 1.98% | 3.56% | 3.28% | 2.27% | 2.91% | 2.33% | 0.98% |
Drawdowns
HXS.TO vs. XEU.TO - Drawdown Comparison
The maximum HXS.TO drawdown since its inception was -27.42%, smaller than the maximum XEU.TO drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for HXS.TO and XEU.TO.
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Volatility
HXS.TO vs. XEU.TO - Volatility Comparison
Global X S&P 500 Index Corporate Class ETF (HXS.TO) has a higher volatility of 5.56% compared to iShares MSCI Europe IMI Index ETF (XEU.TO) at 3.69%. This indicates that HXS.TO's price experiences larger fluctuations and is considered to be riskier than XEU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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