HXT.TO vs. XCS.TO
HXT.TO (Global X S&P/TSX 60 Corporate Class ETF) and XCS.TO (iShares S&P/TSX SmallCap Index ETF) are both Canada Equities funds - HXT.TO tracks the S&P/TSX 60 Index while XCS.TO tracks the Morningstar Canada Sml GR CAD. Both are passively managed. Over the past 10 years, HXT.TO returned 12.71%/yr vs 9.94%/yr for XCS.TO. A 0.68 correlation means they provide meaningful diversification when combined. HXT.TO charges 0.07%/yr vs 0.60%/yr for XCS.TO.
Performance
HXT.TO vs. XCS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXT.TO achieves a 10.03% return, which is significantly lower than XCS.TO's 23.53% return. Over the past 10 years, HXT.TO has outperformed XCS.TO with an annualized return of 12.71%, while XCS.TO has yielded a comparatively lower 9.94% 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%
XCS.TO
- 1D
- -1.30%
- 1M
- 4.71%
- YTD
- 23.53%
- 6M
- 21.57%
- 1Y
- 62.19%
- 3Y*
- 29.24%
- 5Y*
- 12.30%
- 10Y*
- 9.94%
HXT.TO vs. XCS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XCS.TO iShares S&P/TSX SmallCap Index ETF | 23.53% | 43.37% | 18.11% | 4.17% | -8.95% | 7.46% | 13.10% | 17.62% | -19.51% | 2.27% |
Correlation
The correlation between HXT.TO and XCS.TO is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | 0.68 |
The correlation between HXT.TO and XCS.TO has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
HXT.TO vs. XCS.TO - Sectors Allocation Comparison
Sectors
HXT.TO
XCS.TO
Financial Services
Energy
Basic Materials
Technology
Industrials
Consumer Cyclical
Consumer Defensive
Utilities
Communication Services
Real Estate
Healthcare
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Financial Services
HXT.TO
XCS.TO
Energy
HXT.TO
XCS.TO
Basic Materials
HXT.TO
XCS.TO
Technology
HXT.TO
XCS.TO
Industrials
HXT.TO
XCS.TO
Consumer Cyclical
HXT.TO
XCS.TO
Consumer Defensive
HXT.TO
XCS.TO
Utilities
HXT.TO
XCS.TO
Communication Services
HXT.TO
XCS.TO
Real Estate
HXT.TO
XCS.TO
Healthcare
HXT.TO
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XCS.TO
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Return for Risk
HXT.TO vs. XCS.TO — Risk / Return Rank
HXT.TO
XCS.TO
HXT.TO vs. XCS.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 S&P/TSX SmallCap Index ETF (XCS.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 | XCS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.50 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 4.29 | -0.18 |
| Martin ratioReturn relative to average drawdown | 19.10 | 14.67 | +4.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HXT.TO | XCS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.70 | 2.89 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 0.61 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.49 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.24 | +0.46 |
Drawdowns
HXT.TO vs. XCS.TO - Drawdown Comparison
The maximum HXT.TO drawdown since its inception was -35.48%, smaller than the maximum XCS.TO drawdown of -61.18%. Use the drawdown chart below to compare losses from any high point for HXT.TO and XCS.TO.
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Drawdown Indicators
| HXT.TO | XCS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.48% | -61.18% | +25.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -14.58% | +6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -15.54% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | -34.63% | +18.30% |
Max Drawdown (10Y)Largest decline over 10 years | -35.48% | -50.44% | +14.96% |
Current DrawdownCurrent decline from peak | -0.87% | -1.30% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -16.96% | +12.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 4.25% | -2.60% |
Volatility
HXT.TO vs. XCS.TO - Volatility Comparison
The current volatility for Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) is 3.25%, while iShares S&P/TSX SmallCap Index ETF (XCS.TO) has a volatility of 4.56%. This indicates that HXT.TO experiences smaller price fluctuations and is considered to be less risky than XCS.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 | XCS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 4.56% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 17.35% | -8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.71% | 21.66% | -9.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.76% | 20.42% | -7.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 20.41% | -5.24% |
HXT.TO vs. XCS.TO - Expense Ratio Comparison
HXT.TO has a 0.07% expense ratio, which is lower than XCS.TO's 0.60% expense ratio.
Dividends
HXT.TO vs. XCS.TO - Dividend Comparison
HXT.TO has not paid dividends to shareholders, while XCS.TO's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XCS.TO iShares S&P/TSX SmallCap Index ETF | 1.03% | 1.36% | 1.73% | 2.59% | 2.07% | 1.51% | 1.78% | 2.27% | 2.12% | 1.81% | 1.46% | 2.34% |
Frequently Asked Questions
HXT.TO and XCS.TO have a correlation of 0.64, 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 0.60% for XCS.TO.
HXT.TO tracks S&P/TSX 60 Index, while XCS.TO tracks Morningstar Canada Sml GR CAD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.07% for HXT.TO and 0.60% for XCS.TO.
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