HXS.TO vs. XUS-U.TO

Last updated Jun 4, 2026

HXS.TO (Global X S&P 500 Index Corporate Class ETF) and XUS-U.TO (iShares Core S&P 500 Index ETF) are both S&P 500 funds tracking the S&P 500 Index, from Global X and iShares respectively. Both are passively managed. Over the past 5 years, HXS.TO returned 16.64%/yr vs 16.56%/yr for XUS-U.TO. A 0.80 correlation means they provide meaningful diversification when combined. HXS.TO charges 0.10%/yr vs 0.09%/yr for XUS-U.TO.

Performance

HXS.TO vs. XUS-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 iShares Core S&P 500 Index ETF (XUS-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with HXS.TO having a 11.99% return and XUS-U.TO slightly lower at 11.92%.

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%

XUS-U.TO

• 1D: -0.03%
• 1M: 7.46%
• YTD: 11.92%
• 6M: 10.34%
• 1Y: 29.46%
• 3Y*: 23.24%
• 5Y*: 16.56%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%	6.12%
XUS-U.TO iShares Core S&P 500 Index ETF	11.92%	12.26%	35.04%	23.39%	-13.24%	26.58%	16.01%	6.29%

Correlation

The correlation between HXS.TO and XUS-U.TO is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Oct 16, 2019	0.80

The correlation between HXS.TO and XUS-U.TO shifts across timeframes, from 0.80 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

HXS.TO vs. XUS-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

XUS-U.TO

XUS-U.TO Risk / Return Rank: 68
XUS-U.TO Sharpe Ratio Rank: 68
XUS-U.TO Sortino Ratio Rank: 69
XUS-U.TO Omega Ratio Rank: 68
XUS-U.TO Calmar Ratio Rank: 60
XUS-U.TO Martin Ratio Rank: 74

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. XUS-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 iShares Core S&P 500 Index ETF (XUS-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	XUS-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.44	+0.02
Sortino ratio: Return per unit of downside risk	3.36	3.38	-0.02
Omega ratio: Gain probability vs. loss probability	1.45	1.44	+0.01
Calmar ratio: Return relative to maximum drawdown	3.33	3.31	+0.03
Martin ratio: Return relative to average drawdown	12.62	13.10	-0.48
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. XUS-U.TO - Sharpe Ratio Comparison

The current HXS.TO Sharpe Ratio is 2.46, which is comparable to the XUS-U.TO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of HXS.TO and XUS-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	XUS-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.44	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.11	1.11	-0.01
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	1.00	+0.02

Drawdowns

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

The maximum HXS.TO drawdown since its inception was -27.42%, roughly equal to the maximum XUS-U.TO drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for HXS.TO and XUS-U.TO.

Drawdown Indicators

	HXS.TO	XUS-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.42%	-27.29%	-0.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	-8.95%	+0.21%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-18.70%	-0.28%
Max Drawdown (5Y) Largest decline over 5 years	-22.63%	-22.52%	-0.11%
Max Drawdown (10Y) Largest decline over 10 years	-27.42%	—	—
Current Drawdown Current decline from peak	-0.27%	-0.03%	-0.24%
Average Drawdown Average peak-to-trough decline	-3.54%	-4.57%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	2.25%	+0.05%

Volatility

HXS.TO vs. XUS-U.TO - Volatility Comparison

Global X S&P 500 Index Corporate Class ETF (HXS.TO) has a higher volatility of 3.27% compared to iShares Core S&P 500 Index ETF (XUS-U.TO) at 2.79%. This indicates that HXS.TO's price experiences larger fluctuations and is considered to be riskier than XUS-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXS.TO	XUS-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	2.79%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	8.83%	9.13%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	11.85%	12.13%	-0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.13%	14.96%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	17.10%	-0.57%

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

HXS.TO has a 0.10% expense ratio, which is higher than XUS-U.TO's 0.09% expense ratio. However, 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. XUS-U.TO - Dividend Comparison

HXS.TO has not paid dividends to shareholders, while XUS-U.TO's dividend yield for the trailing twelve months is around 0.82%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
XUS-U.TO iShares Core S&P 500 Index ETF	0.82%	0.91%	0.74%	0.90%	1.04%	0.71%	0.91%	0.04%

Frequently Asked Questions

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

HXS.TO and XUS-U.TO have a correlation of 0.90, 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 XUS-U.TO?

On fees, XUS-U.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XUS-U.TO is cheaper with a 0.09% expense ratio, compared with 0.10% for HXS.TO.

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

Both ETFs track S&P 500 Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.10% for HXS.TO and 0.09% for XUS-U.TO.