NYSX vs. HEQL.TO

Last updated Jun 5, 2026

NYSX (Global X NYSE 100 ETF) and HEQL.TO (Global X Enhanced All-Equity Asset Allocation ETF CAD) are both exchange-traded funds - NYSX is a Large Cap Growth Equities fund tracking the NYSE 100 Index, while HEQL.TO is a Leveraged Equities fund actively managed by Global X. NYSX is passively managed, while HEQL.TO is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. NYSX charges 0.09%/yr vs 1.46%/yr for HEQL.TO.

Performance

NYSX vs. HEQL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NYSE 100 ETF (NYSX) and Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

NYSX

• 1D: -0.36%
• 1M: 11.23%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEQL.TO

• 1D: 0.59%
• 1M: 5.51%
• YTD: 15.91%
• 6M: 16.68%
• 1Y: 37.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NYSX vs. HEQL.TO - Yearly Performance Comparison

	2026 (YTD)
NYSX Global X NYSE 100 ETF	34.86%
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD	19.68%

Correlation

The correlation between NYSX and HEQL.TO is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 27, 2026	0.78

Return for Risk

NYSX vs. HEQL.TO — Risk / Return Rank

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

HEQL.TO

HEQL.TO Risk / Return Rank: 83
HEQL.TO Sharpe Ratio Rank: 85
HEQL.TO Sortino Ratio Rank: 85
HEQL.TO Omega Ratio Rank: 82
HEQL.TO Calmar Ratio Rank: 80
HEQL.TO Martin Ratio Rank: 84

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.

NYSX vs. HEQL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NYSE 100 ETF (NYSX) and Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NYSX	HEQL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	17.95	1.90	+16.05

Drawdowns

NYSX vs. HEQL.TO - Drawdown Comparison

The maximum NYSX drawdown since its inception was -3.46%, smaller than the maximum HEQL.TO drawdown of -20.02%. Use the drawdown chart below to compare losses from any high point for NYSX and HEQL.TO.

Drawdown Indicators

	NYSX	HEQL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-3.46%	-20.02%	+16.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.29%	—
Current Drawdown Current decline from peak	-1.37%	-0.24%	-1.13%
Average Drawdown Average peak-to-trough decline	-0.52%	-1.91%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.67%	—

Volatility

Volatility by Period

	NYSX	HEQL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.44%	16.63%	+4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.44%	19.76%	+1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.44%	19.76%	+1.68%

NYSX vs. HEQL.TO - Expense Ratio Comparison

NYSX has a 0.09% expense ratio, which is lower than HEQL.TO's 1.46% expense ratio.

Dividends

NYSX vs. HEQL.TO - Dividend Comparison

NYSX has not paid dividends to shareholders, while HEQL.TO's dividend yield for the trailing twelve months is around 1.61%.

Position	TTM	2025	2024	2023
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD	1.61%	1.82%	1.75%	0.55%
NYSX Global X NYSE 100 ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NYSX and HEQL.TO in my portfolio?

NYSX and HEQL.TO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NYSX or HEQL.TO?

On fees, NYSX is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NYSX or HEQL.TO?

NYSX is cheaper with a 0.09% expense ratio, compared with 1.46% for HEQL.TO.

What is the main difference between NYSX and HEQL.TO?

NYSX is categorized as Large Cap Growth Equities, while HEQL.TO is Leveraged Equities. Their fees differ too: 0.09% for NYSX and 1.46% for HEQL.TO.