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

IVLU vs. HXT.TO

Last updated Jun 14, 2026

IVLU (iShares MSCI International Value Factor ETF) and HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index, while HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return). Both are passively managed. Over the past 10 years, IVLU returned 11.63%/yr vs 12.16%/yr for HXT.TO. A 0.56 correlation means they provide meaningful diversification when combined. IVLU charges 0.30%/yr vs 0.08%/yr for HXT.TO.

Performance

IVLU vs. HXT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI International Value Factor ETF (IVLU) and Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IVLU is traded in USD, while HXT.TO is traded in CAD. To make them comparable, the HXT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IVLU achieves a 12.96% return, which is significantly higher than HXT.TO's 8.98% return. Both investments have delivered pretty close results over the past 10 years, with IVLU having a 11.63% annualized return and HXT.TO not far ahead at 12.16%.

IVLU

1D
0.56%
1M
2.48%
YTD
12.96%
6M
14.33%
1Y
35.32%
3Y*
23.53%
5Y*
14.06%
10Y*
11.63%

HXT.TO

1D
0.44%
1M
2.51%
YTD
8.98%
6M
10.34%
1Y
29.22%
3Y*
21.13%
5Y*
11.32%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVLU vs. HXT.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVLU
iShares MSCI International Value Factor ETF		12.96%46.09%6.76%20.07%-5.73%15.60%-4.50%15.60%-15.10%23.10%
HXT.TO
Global X S&P/TSX 60 Index Corporate Class ETF		8.98%34.90%11.50%14.75%-11.86%28.17%7.92%27.43%-15.03%17.74%

Correlation

The correlation between IVLU and HXT.TO is 0.56, 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

0.56

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

0.61

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

0.62

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

0.59

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2015

0.56

The correlation between IVLU and HXT.TO has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.

IVLU vs. HXT.TO - Sectors Allocation Comparison

Sectors
IVLU
HXT.TO

Financial Services

26.5%
37.3%

Industrials

18.8%
8.9%

Technology

10.6%
12.0%

Healthcare

9.0%

-

Consumer Cyclical

7.6%
3.9%

Basic Materials

7.4%
12.6%

Consumer Defensive

6.0%
3.6%

Energy

5.5%
15.9%

Communication Services

3.7%
2.4%

Utilities

3.6%
2.9%

Real Estate

1.4%
0.5%

Financial Services

IVLU
26.5%
HXT.TO
37.3%

Industrials

IVLU
18.8%
HXT.TO
8.9%

Technology

IVLU
10.6%
HXT.TO
12.0%

Healthcare

IVLU
9.0%
HXT.TO

-

Consumer Cyclical

IVLU
7.6%
HXT.TO
3.9%

Basic Materials

IVLU
7.4%
HXT.TO
12.6%

Consumer Defensive

IVLU
6.0%
HXT.TO
3.6%

Energy

IVLU
5.5%
HXT.TO
15.9%

Communication Services

IVLU
3.7%
HXT.TO
2.4%

Utilities

IVLU
3.6%
HXT.TO
2.9%

Real Estate

IVLU
1.4%
HXT.TO
0.5%

Compare stocks, funds, or ETFs

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

iShares MSCI International Value Factor ETF

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

Often compared with IVLU:
IVLU vs. DFIVIVLU vs. FIVAIVLU vs. VXUSIVLU vs. IDMOIVLU vs. IEFAIVLU vs. DISVIVLU vs. SFNNX
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

Return for Risk

IVLU vs. HXT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVLU
IVLU Risk / Return Rank: 7373
Overall Rank
IVLU Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 7777
Sortino Ratio Rank
IVLU Omega Ratio Rank: 7676
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6767
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6969
Martin Ratio Rank
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
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.

IVLU vs. HXT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI International Value Factor ETF (IVLU) and Global X S&P/TSX 60 Index Corporate Class ETF (HXT.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.

IVLUHXT.TODifference
Sharpe ratioReturn per unit of total volatility
2.17
2.31

-0.14

Sortino ratioReturn per unit of downside risk
2.98
3.11

-0.13

Omega ratioGain probability vs. loss probability

1.39

1.41

-0.02

Calmar ratioReturn relative to maximum drawdown

2.90

3.61

-0.71

Martin ratioReturn relative to average drawdown

11.01

15.47

-4.47

IVLU vs. HXT.TO - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.17, which is comparable to the HXT.TO Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of IVLU and HXT.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

IVLU vs. HXT.TO - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, smaller than the maximum HXT.TO drawdown of -67.62%. Use the drawdown chart below to compare losses from any high point for IVLU and HXT.TO.

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Drawdown Indicators

IVLUHXT.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

-67.62%

+25.77%

Max Drawdown (1Y)

Largest decline over 1 year

-11.69%

-8.16%

-3.53%

Max Drawdown (3Y)

Largest decline over 3 years

-15.48%

-12.43%

-3.05%

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

-24.08%

-1.96%

Max Drawdown (10Y)

Largest decline over 10 years

-41.85%

-41.00%

-0.85%

Current Drawdown

Current decline from peak

-0.53%

-0.78%

+0.25%

Average Drawdown

Average peak-to-trough decline

-8.57%

-31.05%

+22.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

1.90%

+1.19%

Volatility

IVLU vs. HXT.TO - Volatility Comparison

iShares MSCI International Value Factor ETF (IVLU) has a higher volatility of 5.44% compared to Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) at 3.91%. This indicates that IVLU's price experiences larger fluctuations and is considered to be riskier than HXT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVLUHXT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.44%

3.91%

+1.53%

Volatility (6M)

Calculated over the trailing 6-month period

12.85%

10.00%

+2.85%

Volatility (1Y)

Calculated over the trailing 1-year period

15.65%

12.77%

+2.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.58%

14.47%

+2.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.66%

16.58%

+1.08%

IVLU vs. HXT.TO - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is higher than HXT.TO's 0.08% expense ratio.

Dividends

IVLU vs. HXT.TO - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.28%, while HXT.TO has not paid dividends to shareholders.

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%
IVLU
iShares MSCI International Value Factor ETF		3.28%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%

Frequently Asked Questions

IVLU and HXT.TO have a correlation of 0.56, 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 0.30% for IVLU.

IVLU is categorized as Foreign Large Cap Equities, while HXT.TO is Canada Equities. IVLU tracks MSCI World ex USA Enhanced Value Index, while HXT.TO tracks S&P/TSX 60 Index (Total Return). They also come from different issuers: iShares and Global X. Their fees differ too: 0.30% for IVLU and 0.08% for HXT.TO.

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