HXT.TO vs. DLR-U.TO

Last updated Jul 16, 2026

HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) and DLR-U.TO (Global X U.S. Dollar Currency ETF) are both exchange-traded funds - HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return), while DLR-U.TO is a Currency fund actively managed by Global X. HXT.TO is passively managed, while DLR-U.TO is actively managed. Over the past 10 years, HXT.TO returned 12.87%/yr vs 2.41%/yr for DLR-U.TO. At a correlation of -0.01, they often move in opposite directions.

Performance

HXT.TO vs. DLR-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) and Global X U.S. Dollar Currency ETF (DLR-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HXT.TO is traded in CAD, while DLR-U.TO is traded in USD. To make them comparable, the DLR-U.TO 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 13.87% return, which is significantly higher than DLR-U.TO's 3.87% return. Over the past 10 years, HXT.TO has outperformed DLR-U.TO with an annualized return of 12.87%, while DLR-U.TO has yielded a comparatively lower 2.41% annualized return.

HXT.TO

• 1D: 0.40%
• 1M: 1.69%
• 6M: 10.31%
• YTD: 13.87%
• 1Y: 33.28%
• 3Y*: 23.23%
• 5Y*: 15.08%
• 10Y*: 12.87%

DLR-U.TO

• 1D: -0.69%
• 1M: 0.96%
• 6M: 2.44%
• YTD: 3.87%
• 1Y: 5.35%
• 3Y*: 5.96%
• 5Y*: 5.00%
• 10Y*: 2.41%

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

HXT.TO vs. DLR-U.TO - 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	13.87%	28.74%	20.94%	12.02%	-6.27%	28.11%	5.36%	22.18%	-7.89%	9.77%
DLR-U.TO Global X U.S. Dollar Currency ETF	3.87%	-1.48%	12.94%	1.49%	7.61%	-0.35%	-2.57%	-2.93%	9.61%	-6.77%

Correlation

The correlation between HXT.TO and DLR-U.TO is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.05
Correlation (10Y) Calculated over the trailing 10-year period	-0.02
Correlation (All Time) Calculated using the full available price history since May 11, 2011	-0.01

Return for Risk

HXT.TO vs. DLR-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HXT.TO

HXT.TO Risk / Return Rank: 93
HXT.TO Sharpe Ratio Rank: 94
HXT.TO Sortino Ratio Rank: 93
HXT.TO Omega Ratio Rank: 93
HXT.TO Calmar Ratio Rank: 90
HXT.TO Martin Ratio Rank: 94

DLR-U.TO

DLR-U.TO Risk / Return Rank: 96
DLR-U.TO Sharpe Ratio Rank: 92
DLR-U.TO Sortino Ratio Rank: 94
DLR-U.TO Omega Ratio Rank: 95
DLR-U.TO Calmar Ratio Rank: 99
DLR-U.TO Martin Ratio Rank: 98

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.

HXT.TO vs. DLR-U.TO - 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 Global X U.S. Dollar Currency ETF (DLR-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.

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	DLR-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.79	1.22	+1.58
Sortino ratio: Return per unit of downside risk	3.70	1.69	+2.02
Omega ratio: Gain probability vs. loss probability	1.50	1.22	+0.28
Calmar ratio: Return relative to maximum drawdown	4.34	1.38	+2.95
Martin ratio: Return relative to average drawdown	19.88	3.48	+16.40

HXT.TO vs. DLR-U.TO - Sharpe Ratio Comparison

The current HXT.TO Sharpe Ratio is 2.79, which is higher than the DLR-U.TO Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of HXT.TO and DLR-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.

Drawdowns

HXT.TO vs. DLR-U.TO - Drawdown Comparison

The maximum HXT.TO drawdown since its inception was -52.13%, which is greater than DLR-U.TO's maximum drawdown of -17.30%. Use the drawdown chart below to compare losses from any high point for HXT.TO and DLR-U.TO.

Drawdown Indicators

	HXT.TO	DLR-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-52.13%	-17.30%	-34.83%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-3.88%	-3.83%
Max Drawdown (3Y) Largest decline over 3 years	-12.36%	-6.58%	-5.78%
Max Drawdown (5Y) Largest decline over 5 years	-16.33%	-6.58%	-9.75%
Max Drawdown (10Y) Largest decline over 10 years	-35.48%	-17.30%	-18.18%
Current Drawdown Current decline from peak	0.00%	-1.16%	+1.16%
Average Drawdown Average peak-to-trough decline	-18.96%	-6.35%	-12.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.54%	+0.14%

Volatility

HXT.TO vs. DLR-U.TO - Volatility Comparison

Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) has a higher volatility of 1.91% compared to Global X U.S. Dollar Currency ETF (DLR-U.TO) at 1.34%. This indicates that HXT.TO's price experiences larger fluctuations and is considered to be riskier than DLR-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXT.TO	DLR-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	1.34%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	3.37%	+6.11%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	4.42%	+7.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.80%	6.28%	+6.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	6.63%	+8.50%

Dividends

HXT.TO vs. DLR-U.TO - Dividend Comparison

HXT.TO has not paid dividends to shareholders, while DLR-U.TO's dividend yield for the trailing twelve months is around 3.73%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DLR-U.TO Global X U.S. Dollar Currency ETF	3.73%	3.30%	3.36%	4.94%	0.00%	0.00%	0.00%	0.74%
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%

Frequently Asked Questions

Can I hold both HXT.TO and DLR-U.TO in my portfolio?

HXT.TO and DLR-U.TO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HXT.TO and DLR-U.TO?

HXT.TO is categorized as Canada Equities, while DLR-U.TO is Currency.