HXT.TO vs. UCSH-U.TO
HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) and UCSH-U.TO (Global X USD High Interest Savings ETF) are both exchange-traded funds - HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return), while UCSH-U.TO is a Money Market fund actively managed by Global X. HXT.TO is passively managed, while UCSH-U.TO is actively managed. Over the past year, HXT.TO returned 33.28% vs 6.28% for UCSH-U.TO. At a correlation of -0.01, they often move in opposite directions.
Performance
HXT.TO vs. UCSH-U.TO - Performance Comparison
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Different Trading Currencies
HXT.TO is traded in CAD, while UCSH-U.TO is traded in USD. To make them comparable, the UCSH-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 UCSH-U.TO's 4.42% 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%
UCSH-U.TO
- 1D
- -0.69%
- 1M
- 0.90%
- 6M
- 2.89%
- YTD
- 4.42%
- 1Y
- 6.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HXT.TO vs. UCSH-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HXT.TO Global X S&P/TSX 60 Index Corporate Class ETF | 13.87% | 28.74% | 20.60% |
UCSH-U.TO Global X USD High Interest Savings ETF | 4.42% | -0.59% | 11.69% |
Correlation
The correlation between HXT.TO and UCSH-U.TO is -0.04, 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 | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2024 | -0.01 |
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Return for Risk
HXT.TO vs. UCSH-U.TO — Risk / Return Rank
HXT.TO
UCSH-U.TO
HXT.TO vs. UCSH-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 USD High Interest Savings ETF (UCSH-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 | UCSH-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.26 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.34 | 1.67 | +2.67 |
| Martin ratioReturn relative to average drawdown | 19.88 | 4.56 | +15.32 |
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Drawdowns
HXT.TO vs. UCSH-U.TO - Drawdown Comparison
The maximum HXT.TO drawdown since its inception was -52.13%, which is greater than UCSH-U.TO's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for HXT.TO and UCSH-U.TO.
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Drawdown Indicators
| HXT.TO | UCSH-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.13% | -6.35% | -45.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -3.77% | -3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.48% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.11% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -18.96% | -1.98% | -16.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.38% | +0.30% |
Volatility
HXT.TO vs. UCSH-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 USD High Interest Savings ETF (UCSH-U.TO) at 1.31%. This indicates that HXT.TO's price experiences larger fluctuations and is considered to be riskier than UCSH-U.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.TO | UCSH-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.31% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 3.30% | +6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 4.38% | +7.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.80% | 5.33% | +7.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 5.33% | +9.80% |
Dividends
HXT.TO vs. UCSH-U.TO - Dividend Comparison
HXT.TO has not paid dividends to shareholders, while UCSH-U.TO's dividend yield for the trailing twelve months is around 3.65%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HXT.TO Global X S&P/TSX 60 Index Corporate Class ETF | 0.00% | 0.00% | 0.00% |
UCSH-U.TO Global X USD High Interest Savings ETF | 3.65% | 4.04% | 4.71% |
Frequently Asked Questions
HXT.TO and UCSH-U.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HXT.TO is categorized as Canada Equities, while UCSH-U.TO is Money Market.
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