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

SPXU.TO vs. HXT.TO

Last updated Jul 1, 2026
See Documentation

SPXU.TO (BetaPro S&P 500 2x Daily Bull ETF) and HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) are both exchange-traded funds - SPXU.TO is a Leveraged Equities fund actively managed by Global X, while HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return). SPXU.TO is actively managed, while HXT.TO is passively managed. Over the past 10 years, SPXU.TO returned 29.91%/yr vs 12.99%/yr for HXT.TO. A 0.72 correlation means they provide meaningful diversification when combined.

Performance

SPXU.TO vs. HXT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro S&P 500 2x Daily Bull ETF (SPXU.TO) 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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Returns By Period

In the year-to-date period, SPXU.TO achieves a 15.21% return, which is significantly higher than HXT.TO's 11.33% return. Over the past 10 years, SPXU.TO has outperformed HXT.TO with an annualized return of 29.91%, while HXT.TO has yielded a comparatively lower 12.99% annualized 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%

HXT.TO

1D
0.09%
1M
1.87%
YTD
11.33%
6M
10.82%
1Y
31.16%
3Y*
22.46%
5Y*
14.46%
10Y*
12.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
SPXU.TO
BetaPro S&P 500 2x Daily Bull ETF		15.21%22.49%40.87%43.60%-40.81%57.51%134.75%61.37%-16.43%42.05%
HXT.TO
Global X S&P/TSX 60 Index Corporate Class ETF		11.33%28.74%20.94%12.02%-6.27%28.11%5.36%22.18%-7.89%9.77%

Correlation

The correlation between SPXU.TO and HXT.TO is 0.65, 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

0.65

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

0.68

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

0.73

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

0.72

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

0.72

The correlation between SPXU.TO and HXT.TO has been stable across timeframes, ranging from 0.65 to 0.73 - 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.

BetaPro S&P 500 2x Daily Bull ETF

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

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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPXU.TO
SPXU.TO Risk / Return Rank: 4545
Overall Rank
SPXU.TO Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
SPXU.TO Sortino Ratio Rank: 4343
Sortino Ratio Rank
SPXU.TO Omega Ratio Rank: 4343
Omega Ratio Rank
SPXU.TO Calmar Ratio Rank: 4343
Calmar Ratio Rank
SPXU.TO Martin Ratio Rank: 5252
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: 8585
Calmar Ratio Rank
HXT.TO Martin Ratio Rank: 9292
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.

SPXU.TO vs. HXT.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/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.

SPXU.TOHXT.TODifference
Sharpe ratioReturn per unit of total volatility
1.40
2.61

-1.21

Sortino ratioReturn per unit of downside risk
1.93
3.50

-1.57

Omega ratioGain probability vs. loss probability

1.25

1.47

-0.22

Calmar ratioReturn relative to maximum drawdown

1.87

4.06

-2.19

Martin ratioReturn relative to average drawdown

7.68

18.62

-10.94

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

The current SPXU.TO Sharpe Ratio is 1.40, which is lower than the HXT.TO Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of SPXU.TO 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

SPXU.TO vs. HXT.TO - Drawdown Comparison

The maximum SPXU.TO drawdown since its inception was -59.70%, which is greater than HXT.TO's maximum drawdown of -52.13%. Use the drawdown chart below to compare losses from any high point for SPXU.TO and HXT.TO.

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Drawdown Indicators

SPXU.TOHXT.TODifference

Max Drawdown

Largest peak-to-trough decline

-59.70%

-52.13%

-7.57%

Max Drawdown (1Y)

Largest decline over 1 year

-18.73%

-7.71%

-11.02%

Max Drawdown (3Y)

Largest decline over 3 years

-35.54%

-12.36%

-23.18%

Max Drawdown (5Y)

Largest decline over 5 years

-47.90%

-16.33%

-31.57%

Max Drawdown (10Y)

Largest decline over 10 years

-59.70%

-35.48%

-24.22%

Current Drawdown

Current decline from peak

-3.68%

-0.91%

-2.77%

Average Drawdown

Average peak-to-trough decline

-9.73%

-19.01%

+9.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.55%

1.68%

+2.87%

Volatility

SPXU.TO vs. HXT.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/TSX 60 Index Corporate Class ETF (HXT.TO) at 3.46%. This indicates that SPXU.TO'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.

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Volatility by Period

SPXU.TOHXT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.15%

3.46%

+6.69%

Volatility (6M)

Calculated over the trailing 6-month period

19.93%

9.55%

+10.38%

Volatility (1Y)

Calculated over the trailing 1-year period

24.95%

11.98%

+12.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.77%

12.81%

+20.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

47.76%

15.14%

+32.62%

Dividends

SPXU.TO vs. HXT.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

SPXU.TO and HXT.TO have a correlation of 0.65, 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 HXT.TO is Canada Equities.

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