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HXT.TO vs. GLCC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXT.TO vs. GLCC.TO

Last updated Jun 4, 2026

HXT.TO (Global X S&P/TSX 60 Corporate Class ETF) and GLCC.TO (Global X Gold Producer Equity Covered Call ETF) are both exchange-traded funds - HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while GLCC.TO is a Derivative Income fund actively managed by Global X. HXT.TO is passively managed, while GLCC.TO is actively managed. Over the past 10 years, HXT.TO returned 12.71%/yr vs 14.52%/yr for GLCC.TO. At a 0.30 correlation, their price movements are largely independent. HXT.TO charges 0.07%/yr vs 0.79%/yr for GLCC.TO.

Performance

HXT.TO vs. GLCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) and Global X Gold Producer Equity Covered Call ETF (GLCC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HXT.TO achieves a 10.03% return, which is significantly higher than GLCC.TO's -0.45% return. Over the past 10 years, HXT.TO has underperformed GLCC.TO with an annualized return of 12.71%, while GLCC.TO has yielded a comparatively higher 14.52% annualized return.

HXT.TO

1D
-0.87%
1M
3.51%
YTD
10.03%
6M
12.04%
1Y
31.51%
3Y*
22.48%
5Y*
14.43%
10Y*
12.71%

GLCC.TO

1D
-2.75%
1M
1.61%
YTD
-0.45%
6M
4.96%
1Y
60.20%
3Y*
40.99%
5Y*
21.30%
10Y*
14.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXT.TO vs. GLCC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HXT.TO
Global X S&P/TSX 60 Corporate Class ETF		10.03%28.74%20.94%12.02%-6.27%28.11%5.36%22.18%-7.89%9.77%
GLCC.TO
Global X Gold Producer Equity Covered Call ETF		-0.45%137.43%20.18%6.19%-1.80%-9.37%15.00%38.72%-0.38%7.33%

Correlation

The correlation between HXT.TO and GLCC.TO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.56

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (10Y)
Calculated over the trailing 10-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Apr 15, 2011

0.30

Over the past year, HXT.TO and GLCC.TO have become more correlated (0.56) than their long-term average of 0.30, meaning their price movements have been converging.

HXT.TO vs. GLCC.TO - Sectors Allocation Comparison

Sectors
HXT.TO
GLCC.TO

Financial Services

37.3%

-

Energy

15.9%

-

Basic Materials

12.6%
100.0%

Technology

12.0%

-

Industrials

8.9%

-

Consumer Cyclical

3.9%

-

Consumer Defensive

3.6%

-

Utilities

2.9%

-

Communication Services

2.4%

-

Real Estate

0.5%

-

Healthcare

-

-

Financial Services

HXT.TO
37.3%
GLCC.TO

-

Energy

HXT.TO
15.9%
GLCC.TO

-

Basic Materials

HXT.TO
12.6%
GLCC.TO
100.0%

Technology

HXT.TO
12.0%
GLCC.TO

-

Industrials

HXT.TO
8.9%
GLCC.TO

-

Consumer Cyclical

HXT.TO
3.9%
GLCC.TO

-

Consumer Defensive

HXT.TO
3.6%
GLCC.TO

-

Utilities

HXT.TO
2.9%
GLCC.TO

-

Communication Services

HXT.TO
2.4%
GLCC.TO

-

Real Estate

HXT.TO
0.5%
GLCC.TO

-

Healthcare

HXT.TO

-

GLCC.TO

-

Compare stocks, funds, or ETFs

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Global X S&P/TSX 60 Corporate Class ETF

Global X Gold Producer Equity Covered Call ETF

Often compared with HXT.TO:
HXT.TO vs. VCN.TOHXT.TO vs. XIU.TOHXT.TO vs. XIC.TOHXT.TO vs. XEQT.TOHXT.TO vs. VFV.TOHXT.TO vs. HXCN.TOHXT.TO vs. HXH.TO
Often compared with GLCC.TO:
GLCC.TO vs. AMAX.TOGLCC.TO vs. DXMO.TOGLCC.TO vs. IGLDGLCC.TO vs. GLDI.LGLCC.TO vs. BCCCGLCC.TO vs. WAF.AXGLCC.TO vs. 4GLD.DE

Return for Risk

HXT.TO vs. GLCC.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: 8181
Overall Rank
HXT.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
HXT.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
HXT.TO Omega Ratio Rank: 8080
Omega Ratio Rank
HXT.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
HXT.TO Martin Ratio Rank: 8787
Martin Ratio Rank
GLCC.TO
GLCC.TO Risk / Return Rank: 3939
Overall Rank
GLCC.TO Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
GLCC.TO Sortino Ratio Rank: 3535
Sortino Ratio Rank
GLCC.TO Omega Ratio Rank: 4040
Omega Ratio Rank
GLCC.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
GLCC.TO Martin Ratio Rank: 3636
Martin Ratio Rank
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. GLCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) and Global X Gold Producer Equity Covered Call ETF (GLCC.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.

HXT.TOGLCC.TODifference
Sharpe ratioReturn per unit of total volatility
2.70
1.45

+1.25

Sortino ratioReturn per unit of downside risk
3.63
1.86

+1.77

Omega ratioGain probability vs. loss probability

1.49

1.27

+0.22

Calmar ratioReturn relative to maximum drawdown

4.11

2.10

+2.01

Martin ratioReturn relative to average drawdown

19.10

5.69

+13.41

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HXT.TO vs. GLCC.TO - Sharpe Ratio Comparison

The current HXT.TO Sharpe Ratio is 2.70, which is higher than the GLCC.TO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of HXT.TO and GLCC.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.

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Sharpe Ratios by Period

HXT.TOGLCC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.70

1.45

+1.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.14

0.67

+0.47

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.46

+0.39

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.00

+0.70

Drawdowns

HXT.TO vs. GLCC.TO - Drawdown Comparison

The maximum HXT.TO drawdown since its inception was -35.48%, smaller than the maximum GLCC.TO drawdown of -71.12%. Use the drawdown chart below to compare losses from any high point for HXT.TO and GLCC.TO.

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Drawdown Indicators

HXT.TOGLCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.48%

-71.12%

+35.64%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-28.86%

+21.15%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-28.86%

+16.50%

Max Drawdown (5Y)

Largest decline over 5 years

-16.33%

-37.60%

+21.27%

Max Drawdown (10Y)

Largest decline over 10 years

-35.48%

-44.83%

+9.35%

Current Drawdown

Current decline from peak

-0.87%

-23.43%

+22.56%

Average Drawdown

Average peak-to-trough decline

-4.66%

-34.43%

+29.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.65%

10.61%

-8.96%

Volatility

HXT.TO vs. GLCC.TO - Volatility Comparison

The current volatility for Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) is 3.25%, while Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a volatility of 14.96%. This indicates that HXT.TO experiences smaller price fluctuations and is considered to be less risky than GLCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HXT.TOGLCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

14.96%

-11.71%

Volatility (6M)

Calculated over the trailing 6-month period

9.32%

34.13%

-24.81%

Volatility (1Y)

Calculated over the trailing 1-year period

11.71%

41.70%

-29.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.76%

31.94%

-19.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.17%

31.95%

-16.78%

HXT.TO vs. GLCC.TO - Expense Ratio Comparison

HXT.TO has a 0.07% expense ratio, which is lower than GLCC.TO's 0.79% expense ratio.

Dividends

HXT.TO vs. GLCC.TO - Dividend Comparison

HXT.TO has not paid dividends to shareholders, while GLCC.TO's dividend yield for the trailing twelve months is around 8.69%.

PositionTTM20252024202320222021202020192018201720162015
GLCC.TO
Global X Gold Producer Equity Covered Call ETF		8.69%6.01%10.30%11.16%10.08%6.31%6.47%4.58%5.62%7.09%9.21%11.63%
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%

Frequently Asked Questions

HXT.TO and GLCC.TO have a correlation of 0.56, 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 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXT.TO is cheaper with a 0.07% expense ratio, compared with 0.79% for GLCC.TO.

HXT.TO is categorized as Canada Equities, while GLCC.TO is Derivative Income. Their fees differ too: 0.07% for HXT.TO and 0.79% for GLCC.TO.

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