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HXT.TO vs. XDIV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXT.TO vs. XDIV.TO

Last updated Jun 15, 2026

HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return), while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, HXT.TO returned 14.58%/yr vs 17.21%/yr for XDIV.TO. A 0.79 correlation means they provide meaningful diversification when combined. HXT.TO charges 0.08%/yr vs 0.11%/yr for XDIV.TO.

Performance

HXT.TO vs. XDIV.TO - 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 iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HXT.TO achieves a 11.19% return, which is significantly lower than XDIV.TO's 21.85% return.

HXT.TO

1D
0.62%
1M
4.37%
YTD
11.19%
6M
11.91%
1Y
32.80%
3Y*
22.95%
5Y*
14.58%
10Y*
13.12%

XDIV.TO

1D
0.57%
1M
4.53%
YTD
21.85%
6M
20.22%
1Y
40.47%
3Y*
24.13%
5Y*
17.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
HXT.TO
Global X S&P/TSX 60 Index Corporate Class ETF		11.19%28.74%20.94%12.02%-6.27%28.11%5.36%22.18%-7.89%7.83%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		21.85%25.04%19.84%11.95%0.49%33.31%-7.53%25.14%-9.81%8.00%

Correlation

The correlation between HXT.TO and XDIV.TO is 0.60, 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

0.60

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

0.77

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

0.79

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2017

0.79

The correlation between HXT.TO and XDIV.TO shifts across timeframes, from 0.60 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

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

Sectors
HXT.TO
XDIV.TO

Financial Services

37.3%
46.7%

Energy

15.9%
28.8%

Basic Materials

12.6%

-

Technology

12.0%
1.3%

Industrials

8.9%

-

Consumer Cyclical

3.9%
11.5%

Consumer Defensive

3.6%

-

Utilities

2.9%
11.3%

Communication Services

2.4%
0.4%

Real Estate

0.5%

-

Healthcare

-

-

Financial Services

HXT.TO
37.3%
XDIV.TO
46.7%

Energy

HXT.TO
15.9%
XDIV.TO
28.8%

Basic Materials

HXT.TO
12.6%
XDIV.TO

-

Technology

HXT.TO
12.0%
XDIV.TO
1.3%

Industrials

HXT.TO
8.9%
XDIV.TO

-

Consumer Cyclical

HXT.TO
3.9%
XDIV.TO
11.5%

Consumer Defensive

HXT.TO
3.6%
XDIV.TO

-

Utilities

HXT.TO
2.9%
XDIV.TO
11.3%

Communication Services

HXT.TO
2.4%
XDIV.TO
0.4%

Real Estate

HXT.TO
0.5%
XDIV.TO

-

Healthcare

HXT.TO

-

XDIV.TO

-

Compare stocks, funds, or ETFs

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Global X S&P/TSX 60 Index Corporate Class ETF

iShares Core MSCI Canadian Quality Dividend Index ETF

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 XDIV.TO:
XDIV.TO vs. VDY.TOXDIV.TO vs. XEI.TOXDIV.TO vs. XDV.TOXDIV.TO vs. XEQT.TOXDIV.TO vs. HDIV.TOXDIV.TO vs. XIU.TOXDIV.TO vs. CDZ.TO

Return for Risk

HXT.TO vs. XDIV.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: 8989
Overall Rank
HXT.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
HXT.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
HXT.TO Omega Ratio Rank: 8989
Omega Ratio Rank
HXT.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
HXT.TO Martin Ratio Rank: 9191
Martin Ratio Rank
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDIV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDIV.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XDIV.TO Martin Ratio Rank: 9898
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. XDIV.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 iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.TOXDIV.TODifference
Sharpe ratioReturn per unit of total volatility
2.70
5.14

-2.44

Sortino ratioReturn per unit of downside risk
3.61
7.59

-3.98

Omega ratioGain probability vs. loss probability

1.49

2.07

-0.58

Calmar ratioReturn relative to maximum drawdown

4.20

17.55

-13.35

Martin ratioReturn relative to average drawdown

19.34

59.35

-40.01

HXT.TO vs. XDIV.TO - Sharpe Ratio Comparison

The current HXT.TO Sharpe Ratio is 2.70, which is lower than the XDIV.TO Sharpe Ratio of 5.14. The chart below compares the historical Sharpe Ratios of HXT.TO and XDIV.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.

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Drawdowns

HXT.TO vs. XDIV.TO - Drawdown Comparison

The maximum HXT.TO drawdown since its inception was -52.13%, which is greater than XDIV.TO's maximum drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for HXT.TO and XDIV.TO.

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Drawdown Indicators

HXT.TOXDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-52.13%

-41.29%

-10.84%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-2.32%

-5.39%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-10.53%

-1.83%

Max Drawdown (5Y)

Largest decline over 5 years

-16.33%

-17.33%

+1.00%

Max Drawdown (10Y)

Largest decline over 10 years

-35.48%

—

—

Current Drawdown

Current decline from peak

-0.22%

0.00%

-0.22%

Average Drawdown

Average peak-to-trough decline

-19.06%

-4.39%

-14.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

0.69%

+0.98%

Volatility

HXT.TO vs. XDIV.TO - Volatility Comparison

Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) has a higher volatility of 3.94% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.47%. This indicates that HXT.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.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.TOXDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.94%

2.47%

+1.47%

Volatility (6M)

Calculated over the trailing 6-month period

9.57%

6.45%

+3.12%

Volatility (1Y)

Calculated over the trailing 1-year period

11.98%

7.95%

+4.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.80%

10.51%

+2.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.17%

16.33%

-1.16%

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

HXT.TO has a 0.08% expense ratio, which is lower than XDIV.TO's 0.11% 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. XDIV.TO - Dividend Comparison

HXT.TO has not paid dividends to shareholders, while XDIV.TO's dividend yield for the trailing twelve months is around 3.25%.

PositionTTM202520242023202220212020201920182017
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%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.25%3.90%4.50%4.42%4.15%3.76%4.85%4.24%5.13%1.92%

Frequently Asked Questions

HXT.TO and XDIV.TO have a correlation of 0.60, 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 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXT.TO is cheaper with a 0.08% expense ratio, compared with 0.11% for XDIV.TO.

HXT.TO is categorized as Canada Equities, while XDIV.TO is Dividend. HXT.TO tracks S&P/TSX 60 Index (Total Return), while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.08% for HXT.TO and 0.11% for XDIV.TO.

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