VOLX.TO vs. HEQT.TO
Compare and contrast key facts about BetaPro S&P 500 VIX Short-Term Futures ETF (VOLX.TO) and Horizons All-Equity Asset Allocation ETF (HEQT.TO).
VOLX.TO and HEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOLX.TO is a passively managed fund by Horizons that tracks the performance of the S&P 500 VIX Short-Term Futures Index. It was launched on Dec 15, 2010. HEQT.TO is an actively managed fund by Horizons. It was launched on Sep 13, 2019.
Performance
VOLX.TO vs. HEQT.TO - Performance Comparison
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VOLX.TO vs. HEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VOLX.TO BetaPro S&P 500 VIX Short-Term Futures ETF | 34.15% | -43.52% | -26.70% | -72.47% | -22.03% | -71.71% | 14.02% | -33.17% |
HEQT.TO Horizons All-Equity Asset Allocation ETF | 0.13% | 19.82% | 25.95% | 31.63% | -12.65% | 23.11% | 16.34% | 7.76% |
Returns By Period
In the year-to-date period, VOLX.TO achieves a 34.15% return, which is significantly higher than HEQT.TO's 0.13% return.
VOLX.TO
- 1D
- -8.87%
- 1M
- 23.74%
- YTD
- 34.15%
- 6M
- 6.74%
- 1Y
- -32.33%
- 3Y*
- -42.29%
- 5Y*
- -44.89%
- 10Y*
- -45.93%
HEQT.TO
- 1D
- 2.77%
- 1M
- -4.43%
- YTD
- 0.13%
- 6M
- 2.69%
- 1Y
- 19.92%
- 3Y*
- 21.94%
- 5Y*
- 14.91%
- 10Y*
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VOLX.TO vs. HEQT.TO - Expense Ratio Comparison
VOLX.TO has a 1.18% expense ratio, which is higher than HEQT.TO's 0.20% expense ratio.
Return for Risk
VOLX.TO vs. HEQT.TO — Risk / Return Rank
VOLX.TO
HEQT.TO
VOLX.TO vs. HEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P 500 VIX Short-Term Futures ETF (VOLX.TO) and Horizons All-Equity Asset Allocation ETF (HEQT.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.
| VOLX.TO | HEQT.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.11 | 1.23 | -1.34 |
Sortino ratioReturn per unit of downside risk | 2.31 | 1.75 | +0.56 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.26 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.77 | -2.17 |
Martin ratioReturn relative to average drawdown | -0.54 | 7.82 | -8.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VOLX.TO | HEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 1.23 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.98 | -1.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.95 | -1.40 |
Correlation
The correlation between VOLX.TO and HEQT.TO is -0.65. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
VOLX.TO vs. HEQT.TO - Dividend Comparison
VOLX.TO has not paid dividends to shareholders, while HEQT.TO's dividend yield for the trailing twelve months is around 1.61%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VOLX.TO BetaPro S&P 500 VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HEQT.TO Horizons All-Equity Asset Allocation ETF | 1.61% | 1.70% | 3.22% | 7.85% | 7.31% | 0.48% | 1.40% | 0.22% |
Drawdowns
VOLX.TO vs. HEQT.TO - Drawdown Comparison
The maximum VOLX.TO drawdown since its inception was -100.00%, which is greater than HEQT.TO's maximum drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for VOLX.TO and HEQT.TO.
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Drawdown Indicators
| VOLX.TO | HEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -31.82% | -68.18% |
Max Drawdown (1Y)Largest decline over 1 year | -80.42% | -11.47% | -68.95% |
Max Drawdown (5Y)Largest decline over 5 years | -96.62% | -24.25% | -72.37% |
Max Drawdown (10Y)Largest decline over 10 years | -99.86% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -5.35% | -94.65% |
Average DrawdownAverage peak-to-trough decline | -91.78% | -4.38% | -87.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.53% | 2.59% | +56.94% |
Volatility
VOLX.TO vs. HEQT.TO - Volatility Comparison
BetaPro S&P 500 VIX Short-Term Futures ETF (VOLX.TO) has a higher volatility of 29.41% compared to Horizons All-Equity Asset Allocation ETF (HEQT.TO) at 6.37%. This indicates that VOLX.TO's price experiences larger fluctuations and is considered to be riskier than HEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOLX.TO | HEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.41% | 6.37% | +23.04% |
Volatility (6M)Calculated over the trailing 6-month period | 199.77% | 9.68% | +190.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 307.92% | 16.21% | +291.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 150.08% | 15.30% | +134.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.97% | 17.27% | +100.70% |