HXT.TO vs. UBIL-U.TO

Last updated Jun 4, 2026

HXT.TO (Global X S&P/TSX 60 Corporate Class ETF) and UBIL-U.TO (Global X 0-3 Month U.S. T-Bill ETF USD) are both exchange-traded funds - HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while UBIL-U.TO is a Ultrashort Bond fund actively managed by Global X. HXT.TO is passively managed, while UBIL-U.TO is actively managed. Over the past 3 years, HXT.TO returned 22.48%/yr vs 4.55%/yr for UBIL-U.TO. At a correlation of -0.30, they often move in opposite directions. HXT.TO charges 0.07%/yr vs 0.12%/yr for UBIL-U.TO.

Performance

HXT.TO vs. UBIL-U.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 0-3 Month U.S. T-Bill ETF USD (UBIL-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HXT.TO is traded in CAD, while UBIL-U.TO is traded in USD. To make them comparable, the UBIL-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 10.03% return, which is significantly higher than UBIL-U.TO's 2.37% 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%

UBIL-U.TO

• 1D: 0.43%
• 1M: 2.23%
• YTD: 2.37%
• 6M: 0.95%
• 1Y: 4.17%
• 3Y*: 4.55%
• 5Y*: —
• 10Y*: —

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

HXT.TO vs. UBIL-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HXT.TO Global X S&P/TSX 60 Corporate Class ETF	10.03%	28.74%	20.94%	4.58%
UBIL-U.TO Global X 0-3 Month U.S. T-Bill ETF USD	2.37%	-1.73%	12.65%	1.78%

Correlation

The correlation between HXT.TO and UBIL-U.TO is -0.20, 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	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	-0.29
Correlation (All Time) Calculated using the full available price history since Apr 17, 2023	-0.30

Return for Risk

HXT.TO vs. UBIL-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: 81
HXT.TO Sharpe Ratio Rank: 82
HXT.TO Sortino Ratio Rank: 79
HXT.TO Omega Ratio Rank: 80
HXT.TO Calmar Ratio Rank: 79
HXT.TO Martin Ratio Rank: 87

UBIL-U.TO

UBIL-U.TO Risk / Return Rank: 99
UBIL-U.TO Sharpe Ratio Rank: 99
UBIL-U.TO Sortino Ratio Rank: 99
UBIL-U.TO Omega Ratio Rank: 99
UBIL-U.TO Calmar Ratio Rank: 99
UBIL-U.TO Martin Ratio Rank: 99

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. UBIL-U.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 0-3 Month U.S. T-Bill ETF USD (UBIL-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.

	HXT.TO	UBIL-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.70	0.92	+1.78
Sortino ratio: Return per unit of downside risk	3.63	1.28	+2.35
Omega ratio: Gain probability vs. loss probability	1.49	1.16	+0.33
Calmar ratio: Return relative to maximum drawdown	4.11	1.07	+3.04
Martin ratio: Return relative to average drawdown	19.10	2.74	+16.36
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. UBIL-U.TO - Sharpe Ratio Comparison

The current HXT.TO Sharpe Ratio is 2.70, which is higher than the UBIL-U.TO Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of HXT.TO and UBIL-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.

Sharpe Ratios by Period

	HXT.TO	UBIL-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.70	0.92	+1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.14	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.89	-0.19

Drawdowns

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

The maximum HXT.TO drawdown since its inception was -35.48%, which is greater than UBIL-U.TO's maximum drawdown of -5.51%. Use the drawdown chart below to compare losses from any high point for HXT.TO and UBIL-U.TO.

Drawdown Indicators

	HXT.TO	UBIL-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.48%	-5.51%	-29.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-3.91%	-3.80%
Max Drawdown (3Y) Largest decline over 3 years	-12.36%	-5.51%	-6.85%
Max Drawdown (5Y) Largest decline over 5 years	-16.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.48%	—	—
Current Drawdown Current decline from peak	-0.87%	-0.63%	-0.24%
Average Drawdown Average peak-to-trough decline	-4.66%	-1.73%	-2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	1.52%	+0.13%

Volatility

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

Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) has a higher volatility of 3.25% compared to Global X 0-3 Month U.S. T-Bill ETF USD (UBIL-U.TO) at 0.80%. This indicates that HXT.TO's price experiences larger fluctuations and is considered to be riskier than UBIL-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXT.TO	UBIL-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	0.80%	+2.45%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	3.42%	+5.90%
Volatility (1Y) Calculated over the trailing 1-year period	11.71%	4.56%	+7.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.76%	5.27%	+7.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	5.27%	+9.90%

HXT.TO vs. UBIL-U.TO - Expense Ratio Comparison

HXT.TO has a 0.07% expense ratio, which is lower than UBIL-U.TO's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

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

HXT.TO has not paid dividends to shareholders, while UBIL-U.TO's dividend yield for the trailing twelve months is around 2.72%.

Position	TTM	2025	2024	2023
HXT.TO Global X S&P/TSX 60 Corporate Class ETF	0.00%	0.00%	0.00%	0.00%
UBIL-U.TO Global X 0-3 Month U.S. T-Bill ETF USD	2.72%	2.97%	3.68%	2.73%

Frequently Asked Questions

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

HXT.TO and UBIL-U.TO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HXT.TO or UBIL-U.TO?

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.

Which ETF is cheaper, HXT.TO or UBIL-U.TO?

HXT.TO is cheaper with a 0.07% expense ratio, compared with 0.12% for UBIL-U.TO.

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

HXT.TO is categorized as Canada Equities, while UBIL-U.TO is Ultrashort Bond. Their fees differ too: 0.07% for HXT.TO and 0.12% for UBIL-U.TO.