HXT.TO vs. ENB
Compare and contrast key facts about Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) and Enbridge Inc. (ENB).
HXT.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX 60 Index. It was launched on Sep 14, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HXT.TO or ENB.
Correlation
The correlation between HXT.TO and ENB is 0.66, 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.
Performance
HXT.TO vs. ENB - Performance Comparison
Key characteristics
HXT.TO:
2.40
ENB:
2.20
HXT.TO:
3.33
ENB:
3.00
HXT.TO:
1.44
ENB:
1.38
HXT.TO:
4.86
ENB:
1.51
HXT.TO:
14.35
ENB:
12.22
HXT.TO:
1.66%
ENB:
2.68%
HXT.TO:
9.95%
ENB:
14.86%
HXT.TO:
-35.48%
ENB:
-46.35%
HXT.TO:
-0.96%
ENB:
-5.52%
Returns By Period
In the year-to-date period, HXT.TO achieves a 4.21% return, which is significantly higher than ENB's 1.21% return. Over the past 10 years, HXT.TO has outperformed ENB with an annualized return of 9.09%, while ENB has yielded a comparatively lower 4.53% annualized return.
HXT.TO
4.21%
2.31%
12.90%
23.90%
11.26%
9.09%
ENB
1.21%
-3.52%
11.80%
31.10%
7.37%
4.53%
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Risk-Adjusted Performance
HXT.TO vs. ENB — Risk-Adjusted Performance Rank
HXT.TO
ENB
HXT.TO vs. ENB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) and Enbridge Inc. (ENB). 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.
Dividends
HXT.TO vs. ENB - Dividend Comparison
HXT.TO has not paid dividends to shareholders, while ENB's dividend yield for the trailing twelve months is around 6.29%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HXT.TO Global X S&P/TSX 60 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% |
ENB Enbridge Inc. | 6.29% | 6.28% | 7.29% | 6.79% | 6.86% | 7.56% | 5.57% | 6.69% | 4.73% | 3.78% | 4.41% | 2.47% |
Drawdowns
HXT.TO vs. ENB - Drawdown Comparison
The maximum HXT.TO drawdown since its inception was -35.48%, smaller than the maximum ENB drawdown of -46.35%. Use the drawdown chart below to compare losses from any high point for HXT.TO and ENB. For additional features, visit the drawdowns tool.
Volatility
HXT.TO vs. ENB - Volatility Comparison
The current volatility for Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) is 3.15%, while Enbridge Inc. (ENB) has a volatility of 6.31%. This indicates that HXT.TO experiences smaller price fluctuations and is considered to be less risky than ENB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.