SPMO vs. HXT.TO

Last updated Jun 9, 2026

SPMO (Invesco S&P 500 Momentum ETF) and HXT.TO (Global X S&P/TSX 60 Corporate Class ETF) are both exchange-traded funds - SPMO is a Momentum fund tracking the S&P 500 Momentum Index, while HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, SPMO returned 20.38%/yr vs 11.82%/yr for HXT.TO. At a 0.48 correlation, their price movements are largely independent. SPMO charges 0.13%/yr vs 0.07%/yr for HXT.TO.

Performance

SPMO vs. HXT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Momentum ETF (SPMO) and Global X S&P/TSX 60 Corporate Class ETF (HXT.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPMO 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, SPMO achieves a 24.29% return, which is significantly higher than HXT.TO's 7.56% return. Over the past 10 years, SPMO has outperformed HXT.TO with an annualized return of 20.38%, while HXT.TO has yielded a comparatively lower 11.82% annualized return.

SPMO

• 1D: 2.50%
• 1M: 2.83%
• YTD: 24.29%
• 6M: 22.86%
• 1Y: 39.53%
• 3Y*: 40.28%
• 5Y*: 23.06%
• 10Y*: 20.38%

HXT.TO

• 1D: -0.21%
• 1M: 0.18%
• YTD: 7.56%
• 6M: 10.70%
• 1Y: 28.39%
• 3Y*: 20.80%
• 5Y*: 11.20%
• 10Y*: 11.82%

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

SPMO vs. HXT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPMO Invesco S&P 500 Momentum ETF	24.29%	26.58%	45.82%	17.56%	-10.45%	22.64%	28.25%	25.93%	-0.92%	27.76%
HXT.TO Global X S&P/TSX 60 Corporate Class ETF	7.56%	34.90%	11.50%	14.75%	-11.86%	28.17%	7.92%	27.43%	-15.03%	17.74%

Correlation

The correlation between SPMO and HXT.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 13, 2015	0.48

The correlation between SPMO and HXT.TO has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.

SPMO vs. HXT.TO - Sectors Allocation Comparison

Sectors	SPMO	HXT.TO
Technology	54.8%	12.0%
Industrials	10.9%	8.9%
Communication Services	8.7%	2.4%
Healthcare	6.2%	-
Financial Services	5.7%	37.3%
Consumer Defensive	4.0%	3.6%
Energy	3.1%	15.9%
Utilities	2.5%	2.9%
Basic Materials	1.6%	12.6%
Consumer Cyclical	1.3%	3.9%
Real Estate	0.9%	0.5%

Return for Risk

SPMO vs. HXT.TO — Risk / Return Rank

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

SPMO

SPMO Risk / Return Rank: 71
SPMO Sharpe Ratio Rank: 73
SPMO Sortino Ratio Rank: 68
SPMO Omega Ratio Rank: 73
SPMO Calmar Ratio Rank: 69
SPMO Martin Ratio Rank: 71

HXT.TO

HXT.TO Risk / Return Rank: 86
HXT.TO Sharpe Ratio Rank: 87
HXT.TO Sortino Ratio Rank: 86
HXT.TO Omega Ratio Rank: 85
HXT.TO Calmar Ratio Rank: 83
HXT.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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) 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.

	SPMO	HXT.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.24	-0.12
Sortino ratio: Return per unit of downside risk	2.81	3.03	-0.22
Omega ratio: Gain probability vs. loss probability	1.39	1.40	-0.01
Calmar ratio: Return relative to maximum drawdown	3.13	3.50	-0.37
Martin ratio: Return relative to average drawdown	12.02	15.10	-3.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPMO vs. HXT.TO - Sharpe Ratio Comparison

The current SPMO Sharpe Ratio is 2.13, which is comparable to the HXT.TO Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of SPMO 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.

Sharpe Ratios by Period

	SPMO	HXT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	2.24	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.19	0.78	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.00	0.72	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.14	+0.84

Drawdowns

SPMO vs. HXT.TO - Drawdown Comparison

The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum HXT.TO drawdown of -67.62%. Use the drawdown chart below to compare losses from any high point for SPMO and HXT.TO.

Drawdown Indicators

	SPMO	HXT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.95%	-67.62%	+36.67%
Max Drawdown (1Y) Largest decline over 1 year	-12.70%	-8.16%	-4.54%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-12.43%	-7.70%
Max Drawdown (5Y) Largest decline over 5 years	-22.74%	-24.08%	+1.34%
Max Drawdown (10Y) Largest decline over 10 years	-30.95%	-41.00%	+10.05%
Current Drawdown Current decline from peak	-4.65%	-2.07%	-2.58%
Average Drawdown Average peak-to-trough decline	-4.60%	-31.09%	+26.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	1.89%	+1.41%

Volatility

SPMO vs. HXT.TO - Volatility Comparison

Invesco S&P 500 Momentum ETF (SPMO) has a higher volatility of 9.44% compared to Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) at 3.83%. This indicates that SPMO'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.

Volatility by Period

	SPMO	HXT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.44%	3.83%	+5.61%
Volatility (6M) Calculated over the trailing 6-month period	15.82%	9.95%	+5.87%
Volatility (1Y) Calculated over the trailing 1-year period	18.72%	12.73%	+5.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.50%	14.47%	+5.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.41%	16.59%	+3.82%

SPMO vs. HXT.TO - Expense Ratio Comparison

SPMO has a 0.13% expense ratio, which is higher than HXT.TO's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPMO vs. HXT.TO - Dividend Comparison

SPMO's dividend yield for the trailing twelve months is around 0.69%, while HXT.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HXT.TO Global X S&P/TSX 60 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%
SPMO Invesco S&P 500 Momentum ETF	0.69%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%

Frequently Asked Questions

Can I hold both SPMO and HXT.TO in my portfolio?

SPMO and HXT.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPMO or HXT.TO?

On fees, HXT.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPMO or HXT.TO?

HXT.TO is cheaper with a 0.07% expense ratio, compared with 0.13% for SPMO.

What is the main difference between SPMO and HXT.TO?

SPMO is categorized as Momentum, while HXT.TO is Canada Equities. SPMO tracks S&P 500 Momentum Index, while HXT.TO tracks S&P/TSX 60 Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.13% for SPMO and 0.07% for HXT.TO.