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

HXT.TO vs. XUT.TO

Last updated Jun 15, 2026

HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) and XUT.TO (iShares S&P/TSX Capped Utilities Index ETF) are both exchange-traded funds - HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return), while XUT.TO is a Utilities Equities fund tracking the Morningstar Gbl GR CAD. Both are passively managed. Over the past 10 years, HXT.TO returned 13.12%/yr vs 8.96%/yr for XUT.TO. At a 0.46 correlation, their price movements are largely independent. HXT.TO charges 0.08%/yr vs 0.61%/yr for XUT.TO.

Performance

HXT.TO vs. XUT.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 S&P/TSX Capped Utilities Index ETF (XUT.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 XUT.TO's 16.33% return. Over the past 10 years, HXT.TO has outperformed XUT.TO with an annualized return of 13.12%, while XUT.TO has yielded a comparatively lower 8.96% annualized 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%

XUT.TO

1D
0.05%
1M
4.08%
YTD
16.33%
6M
13.38%
1Y
21.77%
3Y*
12.14%
5Y*
6.77%
10Y*
8.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXT.TO vs. XUT.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%9.77%
XUT.TO
iShares S&P/TSX Capped Utilities Index ETF		16.33%14.74%13.09%-0.45%-11.02%8.92%14.74%36.63%-8.30%10.16%

Correlation

The correlation between HXT.TO and XUT.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

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

0.48

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

0.45

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

0.44

Correlation (All Time)
Calculated using the full available price history since Apr 18, 2011

0.46

Over the past year, the correlation between HXT.TO and XUT.TO has dropped to 0.17 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

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

Sectors
HXT.TO
XUT.TO

Financial Services

37.3%

-

Energy

15.9%
9.3%

Basic Materials

12.6%

-

Technology

12.0%

-

Industrials

8.9%

-

Consumer Cyclical

3.9%

-

Consumer Defensive

3.6%

-

Utilities

2.9%
90.7%

Communication Services

2.4%

-

Real Estate

0.5%

-

Healthcare

-

-

Financial Services

HXT.TO
37.3%
XUT.TO

-

Energy

HXT.TO
15.9%
XUT.TO
9.3%

Basic Materials

HXT.TO
12.6%
XUT.TO

-

Technology

HXT.TO
12.0%
XUT.TO

-

Industrials

HXT.TO
8.9%
XUT.TO

-

Consumer Cyclical

HXT.TO
3.9%
XUT.TO

-

Consumer Defensive

HXT.TO
3.6%
XUT.TO

-

Utilities

HXT.TO
2.9%
XUT.TO
90.7%

Communication Services

HXT.TO
2.4%
XUT.TO

-

Real Estate

HXT.TO
0.5%
XUT.TO

-

Healthcare

HXT.TO

-

XUT.TO

-

Compare stocks, funds, or ETFs

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

iShares S&P/TSX Capped Utilities 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 XUT.TO:
XUT.TO vs. ZUT.TOXUT.TO vs. XEI.TOXUT.TO vs. ZLB.TOXUT.TO vs. XIU.TOXUT.TO vs. XLUXUT.TO vs. UTES.TOXUT.TO vs. VPU

Return for Risk

HXT.TO vs. XUT.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
XUT.TO
XUT.TO Risk / Return Rank: 7575
Overall Rank
XUT.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
XUT.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
XUT.TO Omega Ratio Rank: 8989
Omega Ratio Rank
XUT.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
XUT.TO Martin Ratio Rank: 5353
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. XUT.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 S&P/TSX Capped Utilities Index ETF (XUT.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.TOXUT.TODifference
Sharpe ratioReturn per unit of total volatility
2.70
2.48

+0.22

Sortino ratioReturn per unit of downside risk
3.61
3.20

+0.40

Omega ratioGain probability vs. loss probability

1.49

1.49

-0.01

Calmar ratioReturn relative to maximum drawdown

4.20

2.83

+1.37

Martin ratioReturn relative to average drawdown

19.34

8.04

+11.29

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

The current HXT.TO Sharpe Ratio is 2.70, which is comparable to the XUT.TO Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of HXT.TO and XUT.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. XUT.TO - Drawdown Comparison

The maximum HXT.TO drawdown since its inception was -52.13%, which is greater than XUT.TO's maximum drawdown of -37.65%. Use the drawdown chart below to compare losses from any high point for HXT.TO and XUT.TO.

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Drawdown Indicators

HXT.TOXUT.TODifference

Max Drawdown

Largest peak-to-trough decline

-52.13%

-37.65%

-14.48%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-7.64%

-0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-17.51%

+5.15%

Max Drawdown (5Y)

Largest decline over 5 years

-16.33%

-28.54%

+12.21%

Max Drawdown (10Y)

Largest decline over 10 years

-35.48%

-37.65%

+2.17%

Current Drawdown

Current decline from peak

-0.22%

0.00%

-0.22%

Average Drawdown

Average peak-to-trough decline

-19.06%

-5.81%

-13.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

2.69%

-1.02%

Volatility

HXT.TO vs. XUT.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 S&P/TSX Capped Utilities Index ETF (XUT.TO) at 2.56%. This indicates that HXT.TO's price experiences larger fluctuations and is considered to be riskier than XUT.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.TOXUT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.94%

2.56%

+1.38%

Volatility (6M)

Calculated over the trailing 6-month period

9.57%

7.57%

+2.00%

Volatility (1Y)

Calculated over the trailing 1-year period

11.98%

8.76%

+3.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.80%

12.77%

+0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.17%

16.17%

-1.00%

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

HXT.TO has a 0.08% expense ratio, which is lower than XUT.TO's 0.61% expense ratio.

Dividends

HXT.TO vs. XUT.TO - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
XUT.TO
iShares S&P/TSX Capped Utilities Index ETF		3.25%3.91%4.00%3.90%3.80%3.04%4.51%3.57%4.52%3.57%3.74%4.05%

Frequently Asked Questions

HXT.TO and XUT.TO have a correlation of 0.17, 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 0.61% for XUT.TO.

HXT.TO is categorized as Canada Equities, while XUT.TO is Utilities Equities. HXT.TO tracks S&P/TSX 60 Index (Total Return), while XUT.TO tracks Morningstar Gbl GR CAD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.08% for HXT.TO and 0.61% for XUT.TO.

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