HXX.TO vs. IEUR
Compare and contrast key facts about Global X Europe 50 Index Corporate Class ETF (HXX.TO) and iShares Core MSCI Europe ETF (IEUR).
HXX.TO and IEUR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HXX.TO is a passively managed fund by Global X that tracks the performance of the Solactive Europe 50 Rolling Future Index (Total Return). It was launched on Dec 6, 2016. IEUR is a passively managed fund by iShares that tracks the performance of the MSCI Europe Investable Market Index. It was launched on Jun 10, 2014. Both HXX.TO and IEUR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HXX.TO vs. IEUR - Performance Comparison
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HXX.TO vs. IEUR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HXX.TO Global X Europe 50 Index Corporate Class ETF | -1.27% | 31.10% | 11.15% | 24.55% | -9.72% | 14.01% | 5.46% | 20.53% | -8.75% | 16.68% |
IEUR iShares Core MSCI Europe ETF | 1.78% | 29.45% | 10.11% | 17.07% | -9.91% | 15.66% | 3.53% | 18.81% | -7.64% | 18.64% |
Different Trading Currencies
HXX.TO is traded in CAD, while IEUR is traded in USD. To make them comparable, the IEUR values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HXX.TO achieves a -1.27% return, which is significantly lower than IEUR's 1.78% return.
HXX.TO
- 1D
- 1.33%
- 1M
- -3.74%
- YTD
- -1.27%
- 6M
- 0.40%
- 1Y
- 14.06%
- 3Y*
- 15.49%
- 5Y*
- 11.92%
- 10Y*
- —
IEUR
- 1D
- 1.38%
- 1M
- -3.18%
- YTD
- 1.78%
- 6M
- 4.38%
- 1Y
- 18.70%
- 3Y*
- 15.56%
- 5Y*
- 10.97%
- 10Y*
- 9.76%
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HXX.TO vs. IEUR - Expense Ratio Comparison
HXX.TO has a 0.19% expense ratio, which is higher than IEUR's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
HXX.TO vs. IEUR — Risk / Return Rank
HXX.TO
IEUR
HXX.TO vs. IEUR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Europe 50 Index Corporate Class ETF (HXX.TO) and iShares Core MSCI Europe ETF (IEUR). 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.
| HXX.TO | IEUR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 1.14 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.11 | 1.62 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.55 | -0.44 |
Martin ratioReturn relative to average drawdown | 3.92 | 5.98 | -2.06 |
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
| HXX.TO | IEUR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 1.14 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.75 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.53 | +0.05 |
Correlation
The correlation between HXX.TO and IEUR is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HXX.TO vs. IEUR - Dividend Comparison
HXX.TO has not paid dividends to shareholders, while IEUR's dividend yield for the trailing twelve months is around 2.96%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HXX.TO Global X Europe 50 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% |
IEUR iShares Core MSCI Europe ETF | 2.96% | 2.97% | 3.54% | 3.17% | 3.05% | 2.88% | 2.13% | 3.26% | 3.76% | 2.64% | 3.19% | 2.79% |
Drawdowns
HXX.TO vs. IEUR - Drawdown Comparison
The maximum HXX.TO drawdown since its inception was -33.23%, which is greater than IEUR's maximum drawdown of -30.86%. Use the drawdown chart below to compare losses from any high point for HXX.TO and IEUR.
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Drawdown Indicators
| HXX.TO | IEUR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -36.96% | +3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.34% | -12.04% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -28.91% | -32.75% | +3.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.96% | — |
Current DrawdownCurrent decline from peak | -7.55% | -7.05% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -8.30% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 3.13% | +0.63% |
Volatility
HXX.TO vs. IEUR - Volatility Comparison
Global X Europe 50 Index Corporate Class ETF (HXX.TO) has a higher volatility of 8.46% compared to iShares Core MSCI Europe ETF (IEUR) at 7.13%. This indicates that HXX.TO's price experiences larger fluctuations and is considered to be riskier than IEUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HXX.TO | IEUR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 7.13% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 10.61% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 16.50% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 14.65% | +3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 15.88% | +2.90% |