SPXU.TO vs. HXS.TO
SPXU.TO (BetaPro S&P 500 2x Daily Bull ETF) and HXS.TO (Global X S&P 500 Index Corporate Class ETF) are both exchange-traded funds - SPXU.TO is a Leveraged Equities fund actively managed by Global X, while HXS.TO is a S&P 500 fund tracking the S&P 500 Index. SPXU.TO is actively managed, while HXS.TO is passively managed. Over the past 5 years, SPXU.TO returned 15.50%/yr vs 15.94%/yr for HXS.TO. Their correlation of 0.88 suggests significant overlap in exposure.
Performance
SPXU.TO vs. HXS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SPXU.TO achieves a 15.21% return, which is significantly higher than HXS.TO's 13.44% return.
SPXU.TO
- 1D
- 1.52%
- 1M
- -2.98%
- YTD
- 15.21%
- 6M
- 13.36%
- 1Y
- 34.85%
- 3Y*
- 30.13%
- 5Y*
- 15.50%
- 10Y*
- 29.91%
HXS.TO
- 1D
- 0.63%
- 1M
- 1.77%
- YTD
- 13.44%
- 6M
- 12.73%
- 1Y
- 26.56%
- 3Y*
- 22.71%
- 5Y*
- 15.94%
- 10Y*
- —
SPXU.TO vs. HXS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPXU.TO BetaPro S&P 500 2x Daily Bull ETF | 15.21% | 22.49% | 40.87% | 43.60% | -40.81% | 57.51% | 134.75% | 31.33% |
HXS.TO Global X S&P 500 Index Corporate Class ETF | 13.44% | 11.93% | 34.98% | 23.22% | -12.72% | 27.30% | 15.78% | 15.85% |
Correlation
The correlation between SPXU.TO and HXS.TO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2019 | 0.88 |
The correlation between SPXU.TO and HXS.TO has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
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Return for Risk
SPXU.TO vs. HXS.TO — Risk / Return Rank
SPXU.TO
HXS.TO
SPXU.TO vs. HXS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P 500 2x Daily Bull ETF (SPXU.TO) and Global X S&P 500 Index Corporate Class ETF (HXS.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.
| SPXU.TO | HXS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.05 | -1.18 |
| Martin ratioReturn relative to average drawdown | 7.68 | 11.35 | -3.67 |
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Drawdowns
SPXU.TO vs. HXS.TO - Drawdown Comparison
The maximum SPXU.TO drawdown since its inception was -59.70%, which is greater than HXS.TO's maximum drawdown of -27.41%. Use the drawdown chart below to compare losses from any high point for SPXU.TO and HXS.TO.
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Drawdown Indicators
| SPXU.TO | HXS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.70% | -27.41% | -32.29% |
Max Drawdown (1Y)Largest decline over 1 year | -18.73% | -8.74% | -9.99% |
Max Drawdown (3Y)Largest decline over 3 years | -35.54% | -18.98% | -16.56% |
Max Drawdown (5Y)Largest decline over 5 years | -47.90% | -22.63% | -25.27% |
Max Drawdown (10Y)Largest decline over 10 years | -59.70% | — | — |
Current DrawdownCurrent decline from peak | -3.68% | -0.42% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -4.25% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 2.35% | +2.20% |
Volatility
SPXU.TO vs. HXS.TO - Volatility Comparison
BetaPro S&P 500 2x Daily Bull ETF (SPXU.TO) has a higher volatility of 10.15% compared to Global X S&P 500 Index Corporate Class ETF (HXS.TO) at 4.85%. This indicates that SPXU.TO's price experiences larger fluctuations and is considered to be riskier than HXS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXU.TO | HXS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 4.85% | +5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 9.75% | +10.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.95% | 12.39% | +12.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.77% | 15.27% | +18.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.76% | 17.73% | +30.03% |
Dividends
SPXU.TO vs. HXS.TO - Dividend Comparison
Neither SPXU.TO nor HXS.TO has paid dividends to shareholders.
Frequently Asked Questions
SPXU.TO and HXS.TO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXU.TO is categorized as Leveraged Equities, while HXS.TO is S&P 500.
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