UTIL.TO vs. HXQ.TO

Last updated Aug 5, 2026

UTIL.TO (Global X Equal Weight Canadian Utilities Index ETF) and HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) are both exchange-traded funds - UTIL.TO is a Utilities Equities fund tracking the Mirae Asset Equal Weight Canadian Utilities Index, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, UTIL.TO returned 16.69%/yr vs 27.41%/yr for HXQ.TO. Their 0.11 correlation means their historical movements had little consistent relationship. UTIL.TO charges 0.10%/yr vs 0.25%/yr for HXQ.TO.

Performance

UTIL.TO vs. HXQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) and Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UTIL.TO achieves a 18.89% return, which is significantly lower than HXQ.TO's 20.91% return.

UTIL.TO

• 1D: -0.67%
• 1M: -1.12%
• 6M: 15.40%
• YTD: 18.89%
• 1Y: 25.33%
• 3Y*: 16.69%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.54%

HXQ.TO

• 1D: 5.54%
• 1M: -0.77%
• 6M: 21.27%
• YTD: 20.91%
• 1Y: 33.47%
• 3Y*: 27.41%
• 5Y*: 17.58%
• 10Y*: 21.30%
• ALL TIME*: 21.72%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	CA$3.30M	CA$3.05M	CA$3.96M
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF	CA$63.25K	CA$49.08K	CA$44.59K

UTIL.TO vs. HXQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF	18.89%	19.08%	8.82%	-1.83%	-11.68%
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	20.91%	15.05%	35.98%	51.16%	-11.41%

Correlation

The correlation between UTIL.TO and HXQ.TO is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.03
Correlation (3Y) Balances recent behavior with more history.	0.11
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022	0.11

Return for Risk

UTIL.TO vs. HXQ.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UTIL.TO

UTIL.TO Risk / Return Rank: 92
UTIL.TO Sharpe Ratio Rank: 92
UTIL.TO Sortino Ratio Rank: 91
UTIL.TO Omega Ratio Rank: 93
UTIL.TO Calmar Ratio Rank: 95
UTIL.TO Martin Ratio Rank: 88

HXQ.TO

HXQ.TO Risk / Return Rank: 65
HXQ.TO Sharpe Ratio Rank: 66
HXQ.TO Sortino Ratio Rank: 64
HXQ.TO Omega Ratio Rank: 65
HXQ.TO Calmar Ratio Rank: 70
HXQ.TO Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UTIL.TO vs. HXQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) and Global X Nasdaq-100 Index Corporate Class ETF (HXQ.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.

	UTIL.TO	HXQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.56	1.72	+0.84
Sortino ratio: Return per unit of downside risk	3.47	2.39	+1.08
Omega ratio: Gain probability vs. loss probability	1.50	1.31	+0.19
Calmar ratio: Return relative to maximum drawdown	5.51	2.71	+2.81
Martin ratio: Return relative to average drawdown	14.87	7.81	+7.07

UTIL.TO vs. HXQ.TO - Sharpe Ratio Comparison

The current UTIL.TO Sharpe Ratio is 2.56, which is higher than the HXQ.TO Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of UTIL.TO and HXQ.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

UTIL.TO vs. HXQ.TO - Drawdown Comparison

The maximum UTIL.TO drawdown since its inception was -25.61%, smaller than the maximum HXQ.TO drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for UTIL.TO and HXQ.TO.

Drawdown Indicators

	UTIL.TO	HXQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.61%	-31.60%	+5.99%
Max Drawdown (1Y) Largest decline over 1 year	-4.62%	-12.43%	+7.81%
Max Drawdown (3Y) Largest decline over 3 years	-11.77%	-22.58%	+10.81%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.60%	—
Current Drawdown Current decline from peak	-3.43%	-2.69%	-0.74%
Average Drawdown Average peak-to-trough decline	-7.59%	-5.72%	-1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	4.30%	-2.59%

Volatility

UTIL.TO vs. HXQ.TO - Volatility Comparison

The current volatility for Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) is 3.59%, while Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) has a volatility of 8.65%. This indicates that UTIL.TO experiences smaller price fluctuations and is considered to be less risky than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTIL.TO	HXQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	8.65%	-5.06%
Volatility (6M) Calculated over the trailing 6-month period	8.58%	16.51%	-7.93%
Volatility (1Y) Calculated over the trailing 1-year period	9.96%	19.63%	-9.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.46%	21.43%	-8.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.46%	21.12%	-8.66%

UTIL.TO vs. HXQ.TO - Expense Ratio Comparison

UTIL.TO has a 0.10% expense ratio, which is lower than HXQ.TO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

UTIL.TO vs. HXQ.TO - Dividend Comparison

UTIL.TO's dividend yield for the trailing twelve months is around 3.38%, while HXQ.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	0.00%	0.00%	0.00%	0.00%	0.00%
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF	3.38%	4.07%	4.38%	4.45%	1.87%

Frequently Asked Questions

Can I hold both UTIL.TO and HXQ.TO in my portfolio?

UTIL.TO and HXQ.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UTIL.TO or HXQ.TO?

On fees, UTIL.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UTIL.TO or HXQ.TO?

UTIL.TO is cheaper with a 0.10% expense ratio, compared with 0.25% for HXQ.TO.

What is the main difference between UTIL.TO and HXQ.TO?

UTIL.TO is categorized as Utilities Equities, while HXQ.TO is Nasdaq-100. UTIL.TO tracks Mirae Asset Equal Weight Canadian Utilities Index, while HXQ.TO tracks NASDAQ-100 Index. Their fees differ too: 0.10% for UTIL.TO and 0.25% for HXQ.TO.