HXT.TO vs. QQQX

Last updated Jun 25, 2026

HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both funds - HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return), while QQQX is a Derivative Income fund actively managed by Nuveen. HXT.TO is passively managed, while QQQX is actively managed. Over the past 10 years, HXT.TO returned 13.12%/yr vs 14.33%/yr for QQQX. At a 0.49 correlation, their price movements are largely independent. HXT.TO charges 0.08%/yr vs 0.89%/yr for QQQX.

Performance

HXT.TO vs. QQQX - 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 Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HXT.TO is traded in CAD, while QQQX is traded in USD. To make them comparable, the QQQX 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 11.25% return, which is significantly higher than QQQX's 8.95% return. Over the past 10 years, HXT.TO has underperformed QQQX with an annualized return of 13.12%, while QQQX has yielded a comparatively higher 14.33% annualized return.

HXT.TO

• 1D: -0.30%
• 1M: 0.97%
• YTD: 11.25%
• 6M: 10.44%
• 1Y: 31.68%
• 3Y*: 24.01%
• 5Y*: 14.37%
• 10Y*: 13.12%

QQQX

• 1D: -1.90%
• 1M: -1.40%
• YTD: 8.95%
• 6M: 9.04%
• 1Y: 25.96%
• 3Y*: 16.95%
• 5Y*: 11.01%
• 10Y*: 14.33%

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

HXT.TO vs. QQQX - 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	11.25%	28.74%	20.94%	12.02%	-6.27%	28.11%	5.36%	22.18%	-7.89%	9.77%
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund	8.95%	9.62%	36.25%	18.79%	-22.78%	25.26%	13.00%	23.52%	-4.25%	29.77%

Correlation

The correlation between HXT.TO and QQQX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Nov 11, 2010	0.49

The correlation between HXT.TO and QQQX has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.

Return for Risk

HXT.TO vs. QQQX — 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: 88
HXT.TO Sharpe Ratio Rank: 89
HXT.TO Sortino Ratio Rank: 88
HXT.TO Omega Ratio Rank: 86
HXT.TO Calmar Ratio Rank: 84
HXT.TO Martin Ratio Rank: 91

QQQX

QQQX Risk / Return Rank: 37
QQQX Sharpe Ratio Rank: 30
QQQX Sortino Ratio Rank: 29
QQQX Omega Ratio Rank: 30
QQQX Calmar Ratio Rank: 43
QQQX Martin Ratio Rank: 52

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. QQQX - 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 Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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	QQQX	Difference
Sharpe ratio: Return per unit of total volatility	2.65	1.69	+0.96
Sortino ratio: Return per unit of downside risk	3.55	2.44	+1.10
Omega ratio: Gain probability vs. loss probability	1.47	1.31	+0.17
Calmar ratio: Return relative to maximum drawdown	4.13	2.88	+1.25
Martin ratio: Return relative to average drawdown	18.96	10.65	+8.31

HXT.TO vs. QQQX - Sharpe Ratio Comparison

The current HXT.TO Sharpe Ratio is 2.65, which is higher than the QQQX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of HXT.TO and QQQX, 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. QQQX - Drawdown Comparison

The maximum HXT.TO drawdown since its inception was -52.13%, roughly equal to the maximum QQQX drawdown of -51.69%. Use the drawdown chart below to compare losses from any high point for HXT.TO and QQQX.

Drawdown Indicators

	HXT.TO	QQQX	Difference
Max Drawdown Largest peak-to-trough decline	-52.13%	-51.69%	-0.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-9.05%	+1.34%
Max Drawdown (3Y) Largest decline over 3 years	-12.36%	-23.62%	+11.26%
Max Drawdown (5Y) Largest decline over 5 years	-16.33%	-27.40%	+11.07%
Max Drawdown (10Y) Largest decline over 10 years	-35.48%	-31.20%	-4.28%
Current Drawdown Current decline from peak	-0.98%	-5.10%	+4.12%
Average Drawdown Average peak-to-trough decline	-19.02%	-8.44%	-10.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.44%	-0.76%

Volatility

HXT.TO vs. QQQX - Volatility Comparison

The current volatility for Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) is 3.47%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 6.56%. This indicates that HXT.TO experiences smaller price fluctuations and is considered to be less risky than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXT.TO	QQQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	6.56%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	9.54%	12.73%	-3.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.02%	15.50%	-3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.81%	20.72%	-7.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.16%	21.93%	-6.77%

HXT.TO vs. QQQX - Expense Ratio Comparison

HXT.TO has a 0.08% expense ratio, which is lower than QQQX's 0.89% expense ratio.

Dividends

HXT.TO vs. QQQX - Dividend Comparison

HXT.TO has not paid dividends to shareholders, while QQQX's dividend yield for the trailing twelve months is around 8.65%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund	8.65%	7.85%	6.73%	7.26%	9.66%	5.85%	6.00%	6.49%	8.40%	5.95%	7.54%	7.23%

Frequently Asked Questions

Can I hold both HXT.TO and QQQX in my portfolio?

HXT.TO and QQQX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.