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

RY vs. HXT.TO

Last updated Jun 13, 2026

RY (Royal Bank of Canada) is a stock, while HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) is Canada Equities fund tracking the S&P/TSX 60 Index (Total Return). Over the past 10 years, RY returned 17.18%/yr vs 12.16%/yr for HXT.TO. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

RY vs. HXT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royal Bank of Canada (RY) 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

RY 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, RY achieves a 18.68% return, which is significantly higher than HXT.TO's 8.98% return. Over the past 10 years, RY has outperformed HXT.TO with an annualized return of 17.18%, while HXT.TO has yielded a comparatively lower 12.16% annualized return.

RY

1D
0.14%
1M
8.80%
YTD
18.68%
6M
21.99%
1Y
60.93%
3Y*
33.55%
5Y*
18.33%
10Y*
17.18%

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)

RY vs. HXT.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RY
Royal Bank of Canada		18.68%46.29%23.80%12.72%-8.00%34.11%8.42%20.17%-12.88%24.95%
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 RY and HXT.TO is 0.60, 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

0.60

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

0.62

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

0.65

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

0.60

Correlation (All Time)
Calculated using the full available price history since Nov 11, 2010

0.59

The correlation between RY and HXT.TO has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

Royal Bank of Canada

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

Often compared with RY:
RY vs. TDRY vs. BNSRY vs. JPMRY vs. BMORY vs. TD.TORY vs. DOL.TORY vs. EQB.TO
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

RY vs. HXT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RY
RY Risk / Return Rank: 9797
Overall Rank
RY Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
RY Sortino Ratio Rank: 9999
Sortino Ratio Rank
RY Omega Ratio Rank: 9898
Omega Ratio Rank
RY Calmar Ratio Rank: 9494
Calmar Ratio Rank
RY Martin Ratio Rank: 9797
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.

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

This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) 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.

RYHXT.TODifference
Sharpe ratioReturn per unit of total volatility
3.97
2.31

+1.66

Sortino ratioReturn per unit of downside risk
5.70
3.11

+2.59

Omega ratioGain probability vs. loss probability

1.70

1.41

+0.29

Calmar ratioReturn relative to maximum drawdown

5.97

3.61

+2.36

Martin ratioReturn relative to average drawdown

22.22

15.47

+6.74

RY vs. HXT.TO - Sharpe Ratio Comparison

The current RY Sharpe Ratio is 3.97, which is higher than the HXT.TO Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of RY 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

RY vs. HXT.TO - Drawdown Comparison

The maximum RY drawdown since its inception was -62.90%, smaller than the maximum HXT.TO drawdown of -67.62%. Use the drawdown chart below to compare losses from any high point for RY and HXT.TO.

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Drawdown Indicators

RYHXT.TODifference

Max Drawdown

Largest peak-to-trough decline

-62.90%

-67.62%

+4.72%

Max Drawdown (1Y)

Largest decline over 1 year

-10.04%

-8.16%

-1.88%

Max Drawdown (3Y)

Largest decline over 3 years

-19.88%

-12.43%

-7.45%

Max Drawdown (5Y)

Largest decline over 5 years

-28.36%

-24.08%

-4.28%

Max Drawdown (10Y)

Largest decline over 10 years

-39.95%

-41.00%

+1.05%

Current Drawdown

Current decline from peak

0.00%

-0.78%

+0.78%

Average Drawdown

Average peak-to-trough decline

-9.32%

-31.05%

+21.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.69%

1.90%

+0.79%

Volatility

RY vs. HXT.TO - Volatility Comparison

Royal Bank of Canada (RY) and Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) have volatilities of 4.01% and 3.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RYHXT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.01%

3.91%

+0.10%

Volatility (6M)

Calculated over the trailing 6-month period

11.34%

10.00%

+1.34%

Volatility (1Y)

Calculated over the trailing 1-year period

15.10%

12.77%

+2.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.00%

14.47%

+3.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.76%

16.58%

+3.18%

Dividends

RY vs. HXT.TO - Dividend Comparison

RY's dividend yield for the trailing twelve months is around 2.32%, 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%
RY
Royal Bank of Canada		2.32%2.54%3.39%4.29%4.07%3.24%3.88%3.88%4.27%3.22%3.95%5.41%

Frequently Asked Questions

RY and HXT.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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