USSL.TO vs. HXS.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Enhanced S&P 500 Index ETF (USSL.TO) and Global X S&P 500 Index Corporate Class ETF (HXS.TO).

USSL.TO and HXS.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USSL.TO is a passively managed fund by Global X that tracks the performance of the S&P 500. It was launched on May 21, 2024. HXS.TO is a passively managed fund by Global X that tracks the performance of the S&P 500 Index. It was launched on Nov 30, 2010. Both USSL.TO and HXS.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

USSL.TO vs. HXS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced S&P 500 Index ETF (USSL.TO) and Global X S&P 500 Index Corporate Class ETF (HXS.TO). The values are adjusted to include any dividend payments, if applicable.

USSL.TO vs. HXS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USSL.TO Global X Enhanced S&P 500 Index ETF	-7.35%	13.42%	22.04%
HXS.TO Global X S&P 500 Index Corporate Class ETF	-3.28%	11.93%	17.11%

Returns By Period

In the year-to-date period, USSL.TO achieves a -7.35% return, which is significantly lower than HXS.TO's -3.28% return.

USSL.TO

• 1D: 0.55%
• 1M: -8.11%
• YTD: -7.35%
• 6M: -5.54%
• 1Y: 12.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HXS.TO

• 1D: 2.76%
• 1M: -3.20%
• YTD: -3.28%
• 6M: -2.17%
• 1Y: 13.01%
• 3Y*: 18.86%
• 5Y*: 13.61%
• 10Y*: 14.34%

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

USSL.TO vs. HXS.TO - Expense Ratio Comparison

USSL.TO has a 1.34% expense ratio, which is higher than HXS.TO's 0.10% expense ratio.

USSL.TO

Global X Enhanced S&P 500 Index ETF

HXS.TO

Global X S&P 500 Index Corporate Class ETF

Return for Risk

USSL.TO vs. HXS.TO — Risk / Return Rank

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

USSL.TO

USSL.TO Risk / Return Rank: 36
USSL.TO Sharpe Ratio Rank: 32
USSL.TO Sortino Ratio Rank: 35
USSL.TO Omega Ratio Rank: 53
USSL.TO Calmar Ratio Rank: 29
USSL.TO Martin Ratio Rank: 31

HXS.TO

HXS.TO Risk / Return Rank: 45
HXS.TO Sharpe Ratio Rank: 40
HXS.TO Sortino Ratio Rank: 40
HXS.TO Omega Ratio Rank: 45
HXS.TO Calmar Ratio Rank: 49
HXS.TO Martin Ratio Rank: 48

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.

USSL.TO vs. HXS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced S&P 500 Index ETF (USSL.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.

	USSL.TO	HXS.TO	Difference
Sharpe ratio Return per unit of total volatility	0.62	0.70	-0.08
Sortino ratio Return per unit of downside risk	1.05	1.07	-0.02
Omega ratio Gain probability vs. loss probability	1.21	1.17	+0.04
Calmar ratio Return relative to maximum drawdown	0.72	1.16	-0.44
Martin ratio Return relative to average drawdown	2.76	4.32	-1.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USSL.TO vs. HXS.TO - Sharpe Ratio Comparison

The current USSL.TO Sharpe Ratio is 0.62, which is comparable to the HXS.TO Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of USSL.TO and HXS.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USSL.TO	HXS.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	0.70	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.96	-0.23

Correlation

The correlation between USSL.TO and HXS.TO is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

USSL.TO vs. HXS.TO - Dividend Comparison

Neither USSL.TO nor HXS.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

USSL.TO vs. HXS.TO - Drawdown Comparison

The maximum USSL.TO drawdown since its inception was -23.90%, smaller than the maximum HXS.TO drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for USSL.TO and HXS.TO.

Drawdown Indicators

	USSL.TO	HXS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-23.90%	-27.42%	+3.52%
Max Drawdown (1Y) Largest decline over 1 year	-15.29%	-12.44%	-2.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.42%	—
Current Drawdown Current decline from peak	-10.30%	-6.22%	-4.08%
Average Drawdown Average peak-to-trough decline	-3.66%	-3.57%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	3.33%	+0.67%

Volatility

USSL.TO vs. HXS.TO - Volatility Comparison

The current volatility for Global X Enhanced S&P 500 Index ETF (USSL.TO) is 4.50%, while Global X S&P 500 Index Corporate Class ETF (HXS.TO) has a volatility of 5.16%. This indicates that USSL.TO experiences smaller price fluctuations and is considered to be less risky than HXS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USSL.TO	HXS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	5.16%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	9.53%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	22.38%	18.62%	+3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.79%	15.14%	+4.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.79%	16.53%	+3.26%