QQQL.TO vs. HXT.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) and Global X S&P/TSX 60 Corporate Class ETF (HXT.TO).

QQQL.TO and HXT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQL.TO is a passively managed fund by Global X that tracks the performance of the NASDAQ-100 Index. It was launched on May 21, 2024. HXT.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX 60 Index. It was launched on Sep 14, 2010. Both QQQL.TO and HXT.TO 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

QQQL.TO vs. HXT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) and Global X S&P/TSX 60 Corporate Class ETF (HXT.TO). The values are adjusted to include any dividend payments, if applicable.

QQQL.TO vs. HXT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF	-6.40%	16.16%	24.06%
HXT.TO Global X S&P/TSX 60 Corporate Class ETF	2.91%	28.74%	13.04%

Returns By Period

In the year-to-date period, QQQL.TO achieves a -6.40% return, which is significantly lower than HXT.TO's 2.91% return.

QQQL.TO

• 1D: -1.82%
• 1M: -6.04%
• YTD: -6.40%
• 6M: -4.71%
• 1Y: 25.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HXT.TO

• 1D: 2.28%
• 1M: -3.20%
• YTD: 2.91%
• 6M: 8.76%
• 1Y: 30.31%
• 3Y*: 19.91%
• 5Y*: 14.30%
• 10Y*: 12.62%

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

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

QQQL.TO has a 1.60% expense ratio, which is higher than HXT.TO's 0.07% expense ratio.

QQQL.TO

Global X Enhanced Nasdaq-100 Index ETF

HXT.TO

Global X S&P/TSX 60 Corporate Class ETF

Return for Risk

QQQL.TO vs. HXT.TO — Risk / Return Rank

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

QQQL.TO

QQQL.TO Risk / Return Rank: 55
QQQL.TO Sharpe Ratio Rank: 52
QQQL.TO Sortino Ratio Rank: 57
QQQL.TO Omega Ratio Rank: 70
QQQL.TO Calmar Ratio Rank: 54
QQQL.TO Martin Ratio Rank: 41

HXT.TO

HXT.TO Risk / Return Rank: 93
HXT.TO Sharpe Ratio Rank: 93
HXT.TO Sortino Ratio Rank: 93
HXT.TO Omega Ratio Rank: 94
HXT.TO Calmar Ratio Rank: 90
HXT.TO Martin Ratio Rank: 94

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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) and Global X S&P/TSX 60 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.

	QQQL.TO	HXT.TO	Difference
Sharpe ratio Return per unit of total volatility	0.94	2.11	-1.18
Sortino ratio Return per unit of downside risk	1.49	2.73	-1.25
Omega ratio Gain probability vs. loss probability	1.26	1.42	-0.17
Calmar ratio Return relative to maximum drawdown	1.37	2.92	-1.55
Martin ratio Return relative to average drawdown	3.80	14.17	-10.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current QQQL.TO Sharpe Ratio is 0.94, which is lower than the HXT.TO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of QQQL.TO and HXT.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQL.TO	HXT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	2.11	-1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.67	+0.01

Correlation

The correlation between QQQL.TO and HXT.TO is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QQQL.TO vs. HXT.TO - Dividend Comparison

Neither QQQL.TO nor HXT.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

QQQL.TO vs. HXT.TO - Drawdown Comparison

The maximum QQQL.TO drawdown since its inception was -27.82%, smaller than the maximum HXT.TO drawdown of -35.48%. Use the drawdown chart below to compare losses from any high point for QQQL.TO and HXT.TO.

Drawdown Indicators

	QQQL.TO	HXT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-35.48%	+7.66%
Max Drawdown (1Y) Largest decline over 1 year	-13.76%	-10.76%	-3.00%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.33%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.48%	—
Current Drawdown Current decline from peak	-12.23%	-3.90%	-8.33%
Average Drawdown Average peak-to-trough decline	-5.12%	-4.70%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.97%	2.22%	+2.75%

Volatility

QQQL.TO vs. HXT.TO - Volatility Comparison

The current volatility for Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) is 4.66%, while Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) has a volatility of 5.32%. This indicates that QQQL.TO experiences smaller price fluctuations and is considered to be less risky than HXT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQL.TO	HXT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	5.32%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	13.84%	9.76%	+4.08%
Volatility (1Y) Calculated over the trailing 1-year period	27.43%	14.44%	+12.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.82%	12.70%	+13.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.82%	15.15%	+10.67%