HXT.TO vs. COMT
HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) and COMT (iShares Commodities Select Strategy ETF) are both exchange-traded funds - HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return), while COMT is a Commodities fund actively managed by iShares. HXT.TO is passively managed, while COMT is actively managed. Over the past 10 years, HXT.TO returned 13.12%/yr vs 9.33%/yr for COMT. At a 0.34 correlation, their price movements are largely independent. HXT.TO charges 0.08%/yr vs 0.48%/yr for COMT.
Performance
HXT.TO vs. COMT - Performance Comparison
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Different Trading Currencies
HXT.TO is traded in CAD, while COMT is traded in USD. To make them comparable, the COMT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HXT.TO achieves a 11.19% return, which is significantly lower than COMT's 33.28% return. Over the past 10 years, HXT.TO has outperformed COMT with an annualized return of 13.12%, while COMT has yielded a comparatively lower 9.33% annualized return.
HXT.TO
- 1D
- 0.62%
- 1M
- 4.37%
- YTD
- 11.19%
- 6M
- 11.91%
- 1Y
- 32.80%
- 3Y*
- 22.95%
- 5Y*
- 14.58%
- 10Y*
- 13.12%
COMT
- 1D
- -1.02%
- 1M
- -7.77%
- YTD
- 33.28%
- 6M
- 33.43%
- 1Y
- 33.38%
- 3Y*
- 16.16%
- 5Y*
- 15.07%
- 10Y*
- 9.33%
HXT.TO vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HXT.TO Global X S&P/TSX 60 Index Corporate Class ETF | 11.19% | 28.74% | 20.94% | 12.02% | -6.27% | 28.11% | 5.36% | 22.18% | -7.89% | 9.77% |
COMT iShares Commodities Select Strategy ETF | 33.28% | 1.23% | 14.93% | -8.79% | 27.02% | 36.81% | -20.59% | 6.25% | 1.18% | 4.13% |
Correlation
The correlation between HXT.TO and COMT is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.34 |
The correlation between HXT.TO and COMT shifts across timeframes, from -0.13 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HXT.TO vs. COMT — Risk / Return Rank
HXT.TO
COMT
HXT.TO vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) and iShares Commodities Select Strategy ETF (COMT). 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.
| HXT.TO | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.30 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 3.80 | +0.40 |
| Martin ratioReturn relative to average drawdown | 19.34 | 10.44 | +8.89 |
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Drawdowns
HXT.TO vs. COMT - Drawdown Comparison
The maximum HXT.TO drawdown since its inception was -52.13%, which is greater than COMT's maximum drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for HXT.TO and COMT.
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Drawdown Indicators
| HXT.TO | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.13% | -37.80% | -14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -9.64% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -14.28% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | -23.74% | +7.41% |
Max Drawdown (10Y)Largest decline over 10 years | -35.48% | -33.31% | -2.17% |
Current DrawdownCurrent decline from peak | -0.22% | -9.46% | +9.24% |
Average DrawdownAverage peak-to-trough decline | -19.06% | -15.17% | -3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 3.50% | -1.83% |
Volatility
HXT.TO vs. COMT - Volatility Comparison
The current volatility for Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) is 3.94%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 5.97%. This indicates that HXT.TO experiences smaller price fluctuations and is considered to be less risky than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HXT.TO | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 5.97% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 19.57% | -10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.98% | 21.86% | -9.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.80% | 21.65% | -8.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 19.67% | -4.50% |
HXT.TO vs. COMT - Expense Ratio Comparison
HXT.TO has a 0.08% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
HXT.TO vs. COMT - Dividend Comparison
HXT.TO has not paid dividends to shareholders, while COMT's dividend yield for the trailing twelve months is around 5.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares Commodities Select Strategy ETF | 5.93% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
HXT.TO Global X S&P/TSX 60 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% |
Frequently Asked Questions
HXT.TO and COMT have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXT.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXT.TO is cheaper with a 0.08% expense ratio, compared with 0.48% for COMT.
HXT.TO is categorized as Canada Equities, while COMT is Commodities. They also come from different issuers: Global X and iShares. Their fees differ too: 0.08% for HXT.TO and 0.48% for COMT.
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