PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XESG.TO vs. HXX.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XESG.TO vs. HXX.TO

Last updated Jun 5, 2026

XESG.TO (iShares ESG Aware MSCI Canada Index ETF) and HXX.TO (Global X Europe 50 Index Corporate Class ETF) are both exchange-traded funds - XESG.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while HXX.TO is a Europe Equities fund tracking the Solactive Europe 50 Rolling Future Index (Total Return). Both are passively managed. Over the past 5 years, XESG.TO returned 12.68%/yr vs 12.61%/yr for HXX.TO. A 0.54 correlation means they provide meaningful diversification when combined. XESG.TO charges 0.16%/yr vs 0.19%/yr for HXX.TO.

Performance

XESG.TO vs. HXX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Aware MSCI Canada Index ETF (XESG.TO) and Global X Europe 50 Index Corporate Class ETF (HXX.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XESG.TO achieves a 11.62% return, which is significantly higher than HXX.TO's 5.99% return.

XESG.TO

1D
1.16%
1M
4.57%
YTD
11.62%
6M
9.33%
1Y
31.21%
3Y*
21.50%
5Y*
12.68%
10Y*
—

HXX.TO

1D
-0.06%
1M
4.80%
YTD
5.99%
6M
6.35%
1Y
17.30%
3Y*
18.21%
5Y*
12.61%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XESG.TO vs. HXX.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XESG.TO
iShares ESG Aware MSCI Canada Index ETF		11.62%26.25%20.05%10.13%-7.77%22.91%4.80%15.28%
HXX.TO
Global X Europe 50 Index Corporate Class ETF		5.99%31.10%11.15%24.55%-9.72%14.01%5.46%9.81%

Correlation

The correlation between XESG.TO and HXX.TO is 0.52, 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

0.52

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

0.52

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

0.55

Correlation (All Time)
Calculated using the full available price history since Mar 25, 2019

0.54

The correlation between XESG.TO and HXX.TO has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.

XESG.TO vs. HXX.TO - Sectors Allocation Comparison

Sectors
XESG.TO
HXX.TO

Financial Services

38.5%

-

Energy

19.3%

-

Basic Materials

17.9%

-

Industrials

8.9%

-

Technology

8.3%

-

Utilities

2.7%

-

Consumer Cyclical

2.2%

-

Consumer Defensive

1.9%

-

Real Estate

0.2%
34.3%

Communication Services

0.1%

-

Healthcare

0.1%

-

Financial Services

XESG.TO
38.5%
HXX.TO

-

Energy

XESG.TO
19.3%
HXX.TO

-

Basic Materials

XESG.TO
17.9%
HXX.TO

-

Industrials

XESG.TO
8.9%
HXX.TO

-

Technology

XESG.TO
8.3%
HXX.TO

-

Utilities

XESG.TO
2.7%
HXX.TO

-

Consumer Cyclical

XESG.TO
2.2%
HXX.TO

-

Consumer Defensive

XESG.TO
1.9%
HXX.TO

-

Real Estate

XESG.TO
0.2%
HXX.TO
34.3%

Communication Services

XESG.TO
0.1%
HXX.TO

-

Healthcare

XESG.TO
0.1%
HXX.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares ESG Aware MSCI Canada Index ETF

Global X Europe 50 Index Corporate Class ETF

Often compared with XESG.TO:
XESG.TO vs. XCSR.TOXESG.TO vs. XEQT.TOXESG.TO vs. SCHGXESG.TO vs. VFV.TOXESG.TO vs. SPYXESG.TO vs. XIU.TOXESG.TO vs. GEQT.TO
Often compared with HXX.TO:
HXX.TO vs. ZDI.TOHXX.TO vs. XEU.TOHXX.TO vs. HSBA.LHXX.TO vs. TEC.TOHXX.TO vs. XEQT.TOHXX.TO vs. VFV.TOHXX.TO vs. ZEQT.TO

Return for Risk

XESG.TO vs. HXX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XESG.TO
XESG.TO Risk / Return Rank: 7373
Overall Rank
XESG.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
XESG.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
XESG.TO Omega Ratio Rank: 7575
Omega Ratio Rank
XESG.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
XESG.TO Martin Ratio Rank: 7979
Martin Ratio Rank
HXX.TO
HXX.TO Risk / Return Rank: 2727
Overall Rank
HXX.TO Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
HXX.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
HXX.TO Omega Ratio Rank: 2626
Omega Ratio Rank
HXX.TO Calmar Ratio Rank: 2727
Calmar Ratio Rank
HXX.TO Martin Ratio Rank: 3131
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.

XESG.TO vs. HXX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI Canada Index ETF (XESG.TO) and Global X Europe 50 Index Corporate Class ETF (HXX.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.

XESG.TOHXX.TODifference
Sharpe ratioReturn per unit of total volatility
2.38
0.82

+1.56

Sortino ratioReturn per unit of downside risk
3.02
1.31

+1.71

Omega ratioGain probability vs. loss probability

1.44

1.17

+0.26

Calmar ratioReturn relative to maximum drawdown

3.38

1.30

+2.08

Martin ratioReturn relative to average drawdown

15.02

4.38

+10.65

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XESG.TO vs. HXX.TO - Sharpe Ratio Comparison

The current XESG.TO Sharpe Ratio is 2.38, which is higher than the HXX.TO Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of XESG.TO and HXX.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.

Loading charts...

Sharpe Ratios by Period

XESG.TOHXX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.38

0.82

+1.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.66

+0.27

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.60

+0.23

Drawdowns

XESG.TO vs. HXX.TO - Drawdown Comparison

The maximum XESG.TO drawdown since its inception was -37.36%, which is greater than HXX.TO's maximum drawdown of -33.23%. Use the drawdown chart below to compare losses from any high point for XESG.TO and HXX.TO.

Loading charts...

Drawdown Indicators

XESG.TOHXX.TODifference

Max Drawdown

Largest peak-to-trough decline

-37.36%

-33.23%

-4.13%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-13.34%

+4.06%

Max Drawdown (3Y)

Largest decline over 3 years

-14.18%

-16.50%

+2.32%

Max Drawdown (5Y)

Largest decline over 5 years

-17.91%

-28.91%

+11.00%

Current Drawdown

Current decline from peak

0.00%

-7.36%

+7.36%

Average Drawdown

Average peak-to-trough decline

-4.55%

-5.35%

+0.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.08%

3.96%

-1.88%

Volatility

XESG.TO vs. HXX.TO - Volatility Comparison

The current volatility for iShares ESG Aware MSCI Canada Index ETF (XESG.TO) is 3.49%, while Global X Europe 50 Index Corporate Class ETF (HXX.TO) has a volatility of 13.31%. This indicates that XESG.TO experiences smaller price fluctuations and is considered to be less risky than HXX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XESG.TOHXX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.49%

13.31%

-9.82%

Volatility (6M)

Calculated over the trailing 6-month period

10.99%

18.63%

-7.64%

Volatility (1Y)

Calculated over the trailing 1-year period

13.18%

21.22%

-8.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.62%

19.17%

-5.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.83%

19.22%

-2.39%

XESG.TO vs. HXX.TO - Expense Ratio Comparison

XESG.TO has a 0.16% expense ratio, which is lower than HXX.TO's 0.19% 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

XESG.TO vs. HXX.TO - Dividend Comparison

XESG.TO's dividend yield for the trailing twelve months is around 1.94%, while HXX.TO has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
HXX.TO
Global X Europe 50 Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XESG.TO
iShares ESG Aware MSCI Canada Index ETF		1.94%2.13%2.45%2.74%2.63%1.88%2.15%1.05%

Frequently Asked Questions

XESG.TO and HXX.TO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XESG.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XESG.TO is cheaper with a 0.16% expense ratio, compared with 0.19% for HXX.TO.

XESG.TO is categorized as Canada Equities, while HXX.TO is Europe Equities. XESG.TO tracks Morningstar Canada GR CAD, while HXX.TO tracks Solactive Europe 50 Rolling Future Index (Total Return). They also come from different issuers: iShares and Global X. Their fees differ too: 0.16% for XESG.TO and 0.19% for HXX.TO.

Portfolio Optimizer

Find the right allocation for XESG.TO and HXX.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer