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XIU.TO vs. HXCN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIU.TO vs. HXCN.TO

Last updated Jun 5, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and HXCN.TO (Global X S&P/TSX Capped Composite Index Corporate Class ETF) are both Canada Equities funds - XIU.TO tracks the S&P/TSX 60 Index while HXCN.TO tracks the S&P/TSX Capped Composite Index. Both are passively managed. Over the past 5 years, XIU.TO returned 14.66%/yr vs 15.13%/yr for HXCN.TO. Their correlation of 0.91 suggests significant overlap in exposure. XIU.TO charges 0.18%/yr vs 0.05%/yr for HXCN.TO.

Performance

XIU.TO vs. HXCN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX 60 Index ETF (XIU.TO) and Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with XIU.TO having a 11.56% return and HXCN.TO slightly higher at 12.02%.

XIU.TO

1D
1.29%
1M
5.10%
YTD
11.56%
6M
12.35%
1Y
33.92%
3Y*
23.20%
5Y*
14.66%
10Y*
12.74%

HXCN.TO

1D
1.20%
1M
5.13%
YTD
12.02%
6M
13.04%
1Y
36.79%
3Y*
24.23%
5Y*
15.13%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. HXCN.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XIU.TO
iShares S&P/TSX 60 Index ETF		11.56%28.89%20.73%11.85%-6.35%28.06%0.74%
HXCN.TO
Global X S&P/TSX Capped Composite Index Corporate Class ETF		12.02%31.20%21.60%11.98%-6.07%25.23%1.15%

Correlation

The correlation between XIU.TO and HXCN.TO is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.95

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

0.94

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

0.93

Correlation (All Time)
Calculated using the full available price history since Feb 7, 2020

0.91

The correlation between XIU.TO and HXCN.TO has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

XIU.TO vs. HXCN.TO - Sectors Allocation Comparison

Sectors
XIU.TO
HXCN.TO

Financial Services

39.4%
32.1%

Energy

18.6%
15.7%

Basic Materials

13.3%
15.6%

Technology

8.8%
11.2%

Industrials

7.9%
11.1%

Consumer Cyclical

4.1%
3.8%

Consumer Defensive

3.2%
3.2%

Utilities

2.6%
3.4%

Communication Services

2.0%
2.1%

Real Estate

0.2%
1.8%

Healthcare

-

0.1%

Financial Services

XIU.TO
39.4%
HXCN.TO
32.1%

Energy

XIU.TO
18.6%
HXCN.TO
15.7%

Basic Materials

XIU.TO
13.3%
HXCN.TO
15.6%

Technology

XIU.TO
8.8%
HXCN.TO
11.2%

Industrials

XIU.TO
7.9%
HXCN.TO
11.1%

Consumer Cyclical

XIU.TO
4.1%
HXCN.TO
3.8%

Consumer Defensive

XIU.TO
3.2%
HXCN.TO
3.2%

Utilities

XIU.TO
2.6%
HXCN.TO
3.4%

Communication Services

XIU.TO
2.0%
HXCN.TO
2.1%

Real Estate

XIU.TO
0.2%
HXCN.TO
1.8%

Healthcare

XIU.TO

-

HXCN.TO
0.1%

Compare stocks, funds, or ETFs

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iShares S&P/TSX 60 Index ETF

Global X S&P/TSX Capped Composite Index Corporate Class ETF

Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO
Often compared with HXCN.TO:
HXCN.TO vs. HXT.TOHXCN.TO vs. XIC.TOHXCN.TO vs. ZCN.TOHXCN.TO vs. HXS.TOHXCN.TO vs. VCN.TOHXCN.TO vs. XCV.TOHXCN.TO vs. XDIV.TO

Return for Risk

XIU.TO vs. HXCN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIU.TO
XIU.TO Risk / Return Rank: 8787
Overall Rank
XIU.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8686
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9090
Martin Ratio Rank
HXCN.TO
HXCN.TO Risk / Return Rank: 8686
Overall Rank
HXCN.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
HXCN.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
HXCN.TO Omega Ratio Rank: 8686
Omega Ratio Rank
HXCN.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
HXCN.TO Martin Ratio Rank: 8787
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.

XIU.TO vs. HXCN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) and Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.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.

XIU.TOHXCN.TODifference
Sharpe ratioReturn per unit of total volatility
2.89
2.93

-0.03

Sortino ratioReturn per unit of downside risk
3.86
3.75

+0.12

Omega ratioGain probability vs. loss probability

1.52

1.52

0.00

Calmar ratioReturn relative to maximum drawdown

4.45

4.20

+0.26

Martin ratioReturn relative to average drawdown

20.69

18.46

+2.23

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

XIU.TO vs. HXCN.TO - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.89, which is comparable to the HXCN.TO Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of XIU.TO and HXCN.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.

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Sharpe Ratios by Period

XIU.TOHXCN.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.89

2.93

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.15

1.11

+0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.83

-0.32

Drawdowns

XIU.TO vs. HXCN.TO - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -52.31%, which is greater than HXCN.TO's maximum drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for XIU.TO and HXCN.TO.

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Drawdown Indicators

XIU.TOHXCN.TODifference

Max Drawdown

Largest peak-to-trough decline

-52.31%

-37.09%

-15.22%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-8.81%

+1.16%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-12.49%

+0.13%

Max Drawdown (5Y)

Largest decline over 5 years

-16.36%

-16.27%

-0.09%

Max Drawdown (10Y)

Largest decline over 10 years

-35.46%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-11.62%

-4.10%

-7.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.64%

2.00%

-0.36%

Volatility

XIU.TO vs. HXCN.TO - Volatility Comparison

iShares S&P/TSX 60 Index ETF (XIU.TO) and Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO) have volatilities of 3.43% and 3.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIU.TOHXCN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.43%

3.60%

-0.17%

Volatility (6M)

Calculated over the trailing 6-month period

9.39%

10.09%

-0.70%

Volatility (1Y)

Calculated over the trailing 1-year period

11.79%

12.65%

-0.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.79%

13.73%

-0.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.01%

17.81%

-2.80%

XIU.TO vs. HXCN.TO - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is higher than HXCN.TO's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XIU.TO vs. HXCN.TO - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.17%, while HXCN.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
HXCN.TO
Global X S&P/TSX Capped Composite Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.17%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

With a correlation of 0.95, XIU.TO and HXCN.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, HXCN.TO is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXCN.TO is cheaper with a 0.05% expense ratio, compared with 0.18% for XIU.TO.

XIU.TO tracks S&P/TSX 60 Index, while HXCN.TO tracks S&P/TSX Capped Composite Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.18% for XIU.TO and 0.05% for HXCN.TO.

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