TTTX.TO vs. PZW.TO

Last updated Jun 25, 2026

TTTX.TO (Global X Innovative Bluechip Top 10 Index ETF) and PZW.TO (Invesco FTSE RAFI Global Small-Mid ETF) are both Global Equities funds - TTTX.TO tracks the Mirae Asset Global Innovative Bluechip Top 10 Index while PZW.TO tracks the 50% FTSE RAFI Developed ex US Mid-Small 1500 Index / 50% FTSE RAFI US 1500 Mid-Small Index. Both are passively managed. Over the past year, TTTX.TO returned 32.80% vs 32.76% for PZW.TO. At a 0.18 correlation, their price movements are largely independent.

Performance

TTTX.TO vs. PZW.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Innovative Bluechip Top 10 Index ETF (TTTX.TO) and Invesco FTSE RAFI Global Small-Mid ETF (PZW.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTTX.TO achieves a 7.09% return, which is significantly lower than PZW.TO's 15.70% return.

TTTX.TO

• 1D: -0.45%
• 1M: -1.77%
• YTD: 7.09%
• 6M: 7.61%
• 1Y: 32.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PZW.TO

• 1D: -0.63%
• 1M: 3.40%
• YTD: 15.70%
• 6M: 14.72%
• 1Y: 32.76%
• 3Y*: 21.00%
• 5Y*: 10.35%
• 10Y*: 11.53%

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

TTTX.TO vs. PZW.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TTTX.TO Global X Innovative Bluechip Top 10 Index ETF	7.09%	18.31%	21.44%
PZW.TO Invesco FTSE RAFI Global Small-Mid ETF	15.70%	18.48%	7.41%

Correlation

The correlation between TTTX.TO and PZW.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since May 17, 2024	0.18

TTTX.TO vs. PZW.TO - Sectors Allocation Comparison

Sectors	TTTX.TO	PZW.TO
Technology	51.0%	12.2%
Healthcare	23.5%	12.7%
Communication Services	13.1%	3.8%
Consumer Cyclical	12.4%	12.1%
Basic Materials	-	7.0%
Consumer Defensive	-	4.6%
Energy	-	4.1%
Financial Services	-	13.3%
Industrials	-	19.2%
Real Estate	-	8.8%
Utilities	-	2.3%

Return for Risk

TTTX.TO vs. PZW.TO — Risk / Return Rank

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

TTTX.TO

TTTX.TO Risk / Return Rank: 67
TTTX.TO Sharpe Ratio Rank: 73
TTTX.TO Sortino Ratio Rank: 73
TTTX.TO Omega Ratio Rank: 71
TTTX.TO Calmar Ratio Rank: 65
TTTX.TO Martin Ratio Rank: 55

PZW.TO

PZW.TO Risk / Return Rank: 84
PZW.TO Sharpe Ratio Rank: 84
PZW.TO Sortino Ratio Rank: 87
PZW.TO Omega Ratio Rank: 86
PZW.TO Calmar Ratio Rank: 83
PZW.TO Martin Ratio Rank: 81

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.

TTTX.TO vs. PZW.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Innovative Bluechip Top 10 Index ETF (TTTX.TO) and Invesco FTSE RAFI Global Small-Mid ETF (PZW.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.

	TTTX.TO	PZW.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.32	-0.28
Sortino ratio: Return per unit of downside risk	2.87	3.41	-0.54
Omega ratio: Gain probability vs. loss probability	1.37	1.45	-0.09
Calmar ratio: Return relative to maximum drawdown	2.82	3.87	-1.05
Martin ratio: Return relative to average drawdown	8.47	13.82	-5.35

TTTX.TO vs. PZW.TO - Sharpe Ratio Comparison

The current TTTX.TO Sharpe Ratio is 2.04, which is comparable to the PZW.TO Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of TTTX.TO and PZW.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.

Drawdowns

TTTX.TO vs. PZW.TO - Drawdown Comparison

The maximum TTTX.TO drawdown since its inception was -23.27%, smaller than the maximum PZW.TO drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for TTTX.TO and PZW.TO.

Drawdown Indicators

	TTTX.TO	PZW.TO	Difference
Max Drawdown Largest peak-to-trough decline	-23.27%	-32.45%	+9.18%
Max Drawdown (1Y) Largest decline over 1 year	-11.68%	-8.50%	-3.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.45%	—
Current Drawdown Current decline from peak	-4.10%	-0.67%	-3.43%
Average Drawdown Average peak-to-trough decline	-4.13%	-5.72%	+1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	2.38%	+1.50%

Volatility

TTTX.TO vs. PZW.TO - Volatility Comparison

Global X Innovative Bluechip Top 10 Index ETF (TTTX.TO) has a higher volatility of 4.55% compared to Invesco FTSE RAFI Global Small-Mid ETF (PZW.TO) at 2.82%. This indicates that TTTX.TO's price experiences larger fluctuations and is considered to be riskier than PZW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TTTX.TO	PZW.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	2.82%	+1.73%
Volatility (6M) Calculated over the trailing 6-month period	12.21%	10.41%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	14.20%	+1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.59%	14.67%	+5.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.59%	15.91%	+4.68%

Dividends

TTTX.TO vs. PZW.TO - Dividend Comparison

TTTX.TO's dividend yield for the trailing twelve months is around 0.10%, less than PZW.TO's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PZW.TO Invesco FTSE RAFI Global Small-Mid ETF	1.68%	1.97%	2.12%	3.23%	1.90%	1.93%	1.52%	2.26%	1.78%	1.57%	1.09%	0.96%
TTTX.TO Global X Innovative Bluechip Top 10 Index ETF	0.10%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TTTX.TO and PZW.TO in my portfolio?

TTTX.TO and PZW.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between TTTX.TO and PZW.TO?

TTTX.TO tracks Mirae Asset Global Innovative Bluechip Top 10 Index, while PZW.TO tracks 50% FTSE RAFI Developed ex US Mid-Small 1500 Index / 50% FTSE RAFI US 1500 Mid-Small Index. They also come from different issuers: Global X and Invesco.