PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HXT.TO vs. XBAL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXT.TO vs. XBAL.TO

Last updated Jun 9, 2026

HXT.TO (Global X S&P/TSX 60 Corporate Class ETF) and XBAL.TO (iShares Core Balanced ETF Portfolio) are both exchange-traded funds - HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while XBAL.TO is a Diversified Portfolio fund actively managed by iShares. HXT.TO is passively managed, while XBAL.TO is actively managed. Over the past 10 years, HXT.TO returned 12.85%/yr vs 7.64%/yr for XBAL.TO. A 0.64 correlation means they provide meaningful diversification when combined. HXT.TO charges 0.07%/yr vs 0.20%/yr for XBAL.TO.

Performance

HXT.TO vs. XBAL.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 iShares Core Balanced ETF Portfolio (XBAL.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, HXT.TO achieves a 9.53% return, which is significantly higher than XBAL.TO's 7.00% return. Over the past 10 years, HXT.TO has outperformed XBAL.TO with an annualized return of 12.85%, while XBAL.TO has yielded a comparatively lower 7.64% annualized return.

HXT.TO

1D
0.07%
1M
2.26%
YTD
9.53%
6M
11.58%
1Y
31.00%
3Y*
22.53%
5Y*
14.38%
10Y*
12.85%

XBAL.TO

1D
-1.00%
1M
1.25%
YTD
7.00%
6M
5.87%
1Y
16.40%
3Y*
14.11%
5Y*
7.96%
10Y*
7.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
HXT.TO
Global X S&P/TSX 60 Corporate Class ETF		9.53%28.74%20.94%12.02%-6.27%28.11%5.36%22.18%-7.89%9.77%
XBAL.TO
iShares Core Balanced ETF Portfolio		7.00%11.90%15.80%13.05%-11.16%10.16%10.73%15.34%-2.73%5.55%

Correlation

The correlation between HXT.TO and XBAL.TO is 0.74, 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

0.74

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

0.78

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

0.77

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

0.70

Correlation (All Time)
Calculated using the full available price history since Nov 12, 2010

0.64

The correlation between HXT.TO and XBAL.TO shifts across timeframes, from 0.64 (all time) to 0.78 (3 years), reflecting how their relationship changes across market environments.

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

Sectors
HXT.TO
XBAL.TO

Financial Services

37.3%
20.5%

Energy

15.9%
7.5%

Basic Materials

12.6%
7.4%

Technology

12.0%
21.6%

Industrials

8.9%
12.4%

Consumer Cyclical

3.9%
8.0%

Consumer Defensive

3.6%
4.6%

Utilities

2.9%
2.9%

Communication Services

2.4%
6.4%

Real Estate

0.5%
2.3%

Healthcare

-

6.6%

Financial Services

HXT.TO
37.3%
XBAL.TO
20.5%

Energy

HXT.TO
15.9%
XBAL.TO
7.5%

Basic Materials

HXT.TO
12.6%
XBAL.TO
7.4%

Technology

HXT.TO
12.0%
XBAL.TO
21.6%

Industrials

HXT.TO
8.9%
XBAL.TO
12.4%

Consumer Cyclical

HXT.TO
3.9%
XBAL.TO
8.0%

Consumer Defensive

HXT.TO
3.6%
XBAL.TO
4.6%

Utilities

HXT.TO
2.9%
XBAL.TO
2.9%

Communication Services

HXT.TO
2.4%
XBAL.TO
6.4%

Real Estate

HXT.TO
0.5%
XBAL.TO
2.3%

Healthcare

HXT.TO

-

XBAL.TO
6.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X S&P/TSX 60 Corporate Class ETF

iShares Core Balanced ETF Portfolio

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 XBAL.TO:
XBAL.TO vs. XEQT.TOXBAL.TO vs. VBAL.TOXBAL.TO vs. XCNS.TOXBAL.TO vs. XEI.TOXBAL.TO vs. ZBAL.TOXBAL.TO vs. ZLB.TOXBAL.TO vs. GBAL.TO

Return for Risk

HXT.TO vs. XBAL.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: 8686
Overall Rank
HXT.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
HXT.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
HXT.TO Omega Ratio Rank: 8585
Omega Ratio Rank
HXT.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
HXT.TO Martin Ratio Rank: 9090
Martin Ratio Rank
XBAL.TO
XBAL.TO Risk / Return Rank: 6464
Overall Rank
XBAL.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
XBAL.TO Sortino Ratio Rank: 6464
Sortino Ratio Rank
XBAL.TO Omega Ratio Rank: 6666
Omega Ratio Rank
XBAL.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
XBAL.TO Martin Ratio Rank: 6868
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. XBAL.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 iShares Core Balanced ETF Portfolio (XBAL.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.TOXBAL.TODifference
Sharpe ratioReturn per unit of total volatility
2.62
1.92

+0.70

Sortino ratioReturn per unit of downside risk
3.49
2.67

+0.82

Omega ratioGain probability vs. loss probability

1.47

1.36

+0.11

Calmar ratioReturn relative to maximum drawdown

4.04

2.72

+1.33

Martin ratioReturn relative to average drawdown

18.71

11.39

+7.33

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. XBAL.TO - Sharpe Ratio Comparison

The current HXT.TO Sharpe Ratio is 2.62, which is higher than the XBAL.TO Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of HXT.TO and XBAL.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.

Loading charts...

Sharpe Ratios by Period

HXT.TOXBAL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.62

1.92

+0.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.13

0.91

+0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

0.79

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

0.65

-0.39

Drawdowns

HXT.TO vs. XBAL.TO - Drawdown Comparison

The maximum HXT.TO drawdown since its inception was -52.13%, which is greater than XBAL.TO's maximum drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for HXT.TO and XBAL.TO.

Loading charts...

Drawdown Indicators

HXT.TOXBAL.TODifference

Max Drawdown

Largest peak-to-trough decline

-52.13%

-28.55%

-23.58%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-6.06%

-1.65%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-9.34%

-3.02%

Max Drawdown (5Y)

Largest decline over 5 years

-16.33%

-17.10%

+0.77%

Max Drawdown (10Y)

Largest decline over 10 years

-35.48%

-20.93%

-14.55%

Current Drawdown

Current decline from peak

-1.71%

-1.20%

-0.51%

Average Drawdown

Average peak-to-trough decline

-19.09%

-3.36%

-15.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.66%

1.44%

+0.22%

Volatility

HXT.TO vs. XBAL.TO - Volatility Comparison

Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) has a higher volatility of 3.86% compared to iShares Core Balanced ETF Portfolio (XBAL.TO) at 3.07%. This indicates that HXT.TO's price experiences larger fluctuations and is considered to be riskier than XBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HXT.TOXBAL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.86%

3.07%

+0.79%

Volatility (6M)

Calculated over the trailing 6-month period

9.53%

7.30%

+2.23%

Volatility (1Y)

Calculated over the trailing 1-year period

11.93%

8.59%

+3.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.79%

8.81%

+3.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.17%

9.77%

+5.40%

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

HXT.TO has a 0.07% expense ratio, which is lower than XBAL.TO's 0.20% 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. XBAL.TO - Dividend Comparison

HXT.TO has not paid dividends to shareholders, while XBAL.TO's dividend yield for the trailing twelve months is around 2.13%.

PositionTTM20252024202320222021202020192018201720162015
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%
XBAL.TO
iShares Core Balanced ETF Portfolio		2.13%2.27%2.72%2.43%2.12%1.78%2.04%2.31%3.47%3.00%3.72%3.38%

Frequently Asked Questions

HXT.TO and XBAL.TO have a correlation of 0.74, 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 0.20% for XBAL.TO.

HXT.TO is categorized as Canada Equities, while XBAL.TO is Diversified Portfolio. They also come from different issuers: Global X and iShares. Their fees differ too: 0.07% for HXT.TO and 0.20% for XBAL.TO.

Portfolio Optimizer

Find the right allocation for HXT.TO and XBAL.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer