NVDA.NEO vs. HXCN.TO

Last updated Jul 21, 2026

NVDA.NEO (NVIDIA Corporation CDR) is a stock, while HXCN.TO (Global X S&P/TSX Capped Composite Index Corporate Class ETF) is Canada Equities fund tracking the S&P/TSX Capped Composite Index. Over the past 3 years, NVDA.NEO returned 62.65%/yr vs 22.64%/yr for HXCN.TO. At a 0.42 correlation, their price movements are largely independent.

Performance

NVDA.NEO vs. HXCN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in NVIDIA Corporation CDR (NVDA.NEO) and Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDA.NEO achieves a 7.58% return, which is significantly lower than HXCN.TO's 11.52% return.

NVDA.NEO

• 1D: -0.11%
• 1M: -3.15%
• 6M: 10.04%
• YTD: 7.58%
• 1Y: 15.06%
• 3Y*: 62.65%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 58.71%

HXCN.TO

• 1D: -0.65%
• 1M: 0.57%
• 6M: 6.80%
• YTD: 11.52%
• 1Y: 30.74%
• 3Y*: 22.64%
• 5Y*: 14.87%
• 10Y*: —
• ALL TIME*: 14.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NVDA.NEO vs. HXCN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NVDA.NEO NVIDIA Corporation CDR	7.58%	34.85%	167.19%	233.73%	-38.80%
HXCN.TO Global X S&P/TSX Capped Composite Index Corporate Class ETF	11.52%	31.20%	21.60%	11.98%	-3.24%

Correlation

The correlation between NVDA.NEO and HXCN.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022	0.42

The correlation between NVDA.NEO and HXCN.TO shifts across timeframes, from 0.31 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NVDA.NEO vs. HXCN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDA.NEO

NVDA.NEO Risk / Return Rank: 59
NVDA.NEO Sharpe Ratio Rank: 61
NVDA.NEO Sortino Ratio Rank: 56
NVDA.NEO Omega Ratio Rank: 53
NVDA.NEO Calmar Ratio Rank: 62
NVDA.NEO Martin Ratio Rank: 62

HXCN.TO

HXCN.TO Risk / Return Rank: 89
HXCN.TO Sharpe Ratio Rank: 91
HXCN.TO Sortino Ratio Rank: 88
HXCN.TO Omega Ratio Rank: 88
HXCN.TO Calmar Ratio Rank: 86
HXCN.TO Martin Ratio Rank: 90

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.

NVDA.NEO vs. HXCN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NVIDIA Corporation CDR (NVDA.NEO) and Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.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.

	NVDA.NEO	HXCN.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.44	2.37	-1.93
Sortino ratio: Return per unit of downside risk	0.86	3.12	-2.26
Omega ratio: Gain probability vs. loss probability	1.10	1.42	-0.32
Calmar ratio: Return relative to maximum drawdown	0.71	3.50	-2.79
Martin ratio: Return relative to average drawdown	1.51	15.08	-13.57

NVDA.NEO vs. HXCN.TO - Sharpe Ratio Comparison

The current NVDA.NEO Sharpe Ratio is 0.44, which is lower than the HXCN.TO Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of NVDA.NEO and HXCN.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.

Drawdowns

NVDA.NEO vs. HXCN.TO - Drawdown Comparison

The maximum NVDA.NEO drawdown since its inception was -61.08%, which is greater than HXCN.TO's maximum drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for NVDA.NEO and HXCN.TO.

Drawdown Indicators

	NVDA.NEO	HXCN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-61.08%	-37.09%	-23.99%
Max Drawdown (1Y) Largest decline over 1 year	-21.19%	-8.81%	-12.38%
Max Drawdown (3Y) Largest decline over 3 years	-37.49%	-12.49%	-25.00%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.27%	—
Current Drawdown Current decline from peak	-14.09%	-1.16%	-12.93%
Average Drawdown Average peak-to-trough decline	-15.27%	-4.04%	-11.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.00%	2.04%	+7.96%

Volatility

NVDA.NEO vs. HXCN.TO - Volatility Comparison

NVIDIA Corporation CDR (NVDA.NEO) has a higher volatility of 10.02% compared to Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO) at 2.84%. This indicates that NVDA.NEO's price experiences larger fluctuations and is considered to be riskier than HXCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDA.NEO	HXCN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.02%	2.84%	+7.18%
Volatility (6M) Calculated over the trailing 6-month period	27.04%	10.38%	+16.66%
Volatility (1Y) Calculated over the trailing 1-year period	34.76%	13.05%	+21.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.57%	13.77%	+37.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.57%	17.71%	+33.86%

Dividends

NVDA.NEO vs. HXCN.TO - Dividend Comparison

NVDA.NEO's dividend yield for the trailing twelve months is around 0.14%, while HXCN.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
HXCN.TO Global X S&P/TSX Capped Composite Index Corporate Class ETF	0.00%	0.00%	0.00%	0.00%	0.00%
NVDA.NEO NVIDIA Corporation CDR	0.14%	0.02%	0.06%	0.13%	0.45%

Frequently Asked Questions

Can I hold both NVDA.NEO and HXCN.TO in my portfolio?

NVDA.NEO and HXCN.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.