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XUH.TO vs. HULC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XUH.TO vs. HULC.TO

Last updated Jun 5, 2026

XUH.TO (iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)) and HULC.TO (Global X US Large Cap Index Corporate Class ETF) are both Large Cap Blend Equities funds - XUH.TO tracks the Morningstar US Market TR CAD while HULC.TO tracks the Solactive US Large Cap Index (CA NTR). Both are passively managed. Over the past 5 years, XUH.TO returned 11.17%/yr vs 34.29%/yr for HULC.TO. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.08% expense ratio.

Performance

XUH.TO vs. HULC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) and Global X US Large Cap Index Corporate Class ETF (HULC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XUH.TO achieves a 9.59% return, which is significantly lower than HULC.TO's 13.03% return.

XUH.TO

1D
-0.66%
1M
4.13%
YTD
9.59%
6M
9.67%
1Y
24.90%
3Y*
19.81%
5Y*
11.17%
10Y*
13.19%

HULC.TO

1D
0.46%
1M
7.04%
YTD
13.03%
6M
11.03%
1Y
30.67%
3Y*
24.21%
5Y*
34.29%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XUH.TO vs. HULC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)		9.59%15.11%22.45%24.06%-20.19%26.19%29.08%
HULC.TO
Global X US Large Cap Index Corporate Class ETF		13.03%12.69%35.93%24.43%-14.75%153.78%26.06%

Correlation

The correlation between XUH.TO and HULC.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.83

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

0.80

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

0.75

Correlation (All Time)
Calculated using the full available price history since Mar 2, 2020

0.69

The correlation between XUH.TO and HULC.TO shifts across timeframes, from 0.69 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.

XUH.TO vs. HULC.TO - Sectors Allocation Comparison

Sectors
XUH.TO
HULC.TO

Technology

38.5%
35.3%

Financial Services

11.0%
11.5%

Communication Services

10.2%
11.6%

Consumer Cyclical

9.6%
10.0%

Industrials

8.3%
8.5%

Healthcare

8.2%
8.8%

Consumer Defensive

4.4%
4.8%

Energy

3.3%
3.6%

Utilities

2.5%
2.3%

Real Estate

2.0%
1.8%

Basic Materials

1.8%
1.8%

Technology

XUH.TO
38.5%
HULC.TO
35.3%

Financial Services

XUH.TO
11.0%
HULC.TO
11.5%

Communication Services

XUH.TO
10.2%
HULC.TO
11.6%

Consumer Cyclical

XUH.TO
9.6%
HULC.TO
10.0%

Industrials

XUH.TO
8.3%
HULC.TO
8.5%

Healthcare

XUH.TO
8.2%
HULC.TO
8.8%

Consumer Defensive

XUH.TO
4.4%
HULC.TO
4.8%

Energy

XUH.TO
3.3%
HULC.TO
3.6%

Utilities

XUH.TO
2.5%
HULC.TO
2.3%

Real Estate

XUH.TO
2.0%
HULC.TO
1.8%

Basic Materials

XUH.TO
1.8%
HULC.TO
1.8%

Compare stocks, funds, or ETFs

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iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)

Global X US Large Cap Index Corporate Class ETF

Often compared with XUH.TO:
XUH.TO vs. XUU.TOXUH.TO vs. XUU-U.TOXUH.TO vs. VFV.TOXUH.TO vs. XSU.TOXUH.TO vs. VSP.TOXUH.TO vs. IUSGXUH.TO vs. VYM
Often compared with HULC.TO:
HULC.TO vs. HXS.TOHULC.TO vs. FCUQ.TOHULC.TO vs. SMVP.TOHULC.TO vs. XHU.TOHULC.TO vs. XMTM.TOHULC.TO vs. XUU.TOHULC.TO vs. TULV.TO

Return for Risk

XUH.TO vs. HULC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUH.TO
XUH.TO Risk / Return Rank: 6161
Overall Rank
XUH.TO Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
XUH.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
XUH.TO Omega Ratio Rank: 6161
Omega Ratio Rank
XUH.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
XUH.TO Martin Ratio Rank: 6767
Martin Ratio Rank
HULC.TO
HULC.TO Risk / Return Rank: 7575
Overall Rank
HULC.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
HULC.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
HULC.TO Omega Ratio Rank: 7878
Omega Ratio Rank
HULC.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
HULC.TO Martin Ratio Rank: 6969
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.

XUH.TO vs. HULC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) and Global X US Large Cap Index Corporate Class ETF (HULC.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.

XUH.TOHULC.TODifference
Sharpe ratioReturn per unit of total volatility
2.02
2.46

-0.44

Sortino ratioReturn per unit of downside risk
2.82
3.36

-0.54

Omega ratioGain probability vs. loss probability

1.36

1.46

-0.09

Calmar ratioReturn relative to maximum drawdown

2.66

3.53

-0.87

Martin ratioReturn relative to average drawdown

12.06

12.66

-0.60

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

XUH.TO vs. HULC.TO - Sharpe Ratio Comparison

The current XUH.TO Sharpe Ratio is 2.02, which is comparable to the HULC.TO Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of XUH.TO and HULC.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

XUH.TOHULC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

2.46

-0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.73

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.75

-0.11

Drawdowns

XUH.TO vs. HULC.TO - Drawdown Comparison

The maximum XUH.TO drawdown since its inception was -38.37%, which is greater than HULC.TO's maximum drawdown of -23.94%. Use the drawdown chart below to compare losses from any high point for XUH.TO and HULC.TO.

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Drawdown Indicators

XUH.TOHULC.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.37%

-23.94%

-14.43%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

-8.73%

-0.68%

Max Drawdown (3Y)

Largest decline over 3 years

-19.32%

-19.46%

+0.14%

Max Drawdown (5Y)

Largest decline over 5 years

-26.11%

-23.94%

-2.17%

Max Drawdown (10Y)

Largest decline over 10 years

-38.37%

—

—

Current Drawdown

Current decline from peak

-0.66%

0.00%

-0.66%

Average Drawdown

Average peak-to-trough decline

-4.96%

-4.68%

-0.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

2.43%

-0.36%

Volatility

XUH.TO vs. HULC.TO - Volatility Comparison

iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) has a higher volatility of 3.21% compared to Global X US Large Cap Index Corporate Class ETF (HULC.TO) at 2.96%. This indicates that XUH.TO's price experiences larger fluctuations and is considered to be riskier than HULC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XUH.TOHULC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

2.96%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

9.36%

9.25%

+0.11%

Volatility (1Y)

Calculated over the trailing 1-year period

12.41%

12.51%

-0.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.08%

46.99%

-29.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.70%

43.80%

-25.10%

XUH.TO vs. HULC.TO - Expense Ratio Comparison

Both XUH.TO and HULC.TO have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XUH.TO vs. HULC.TO - Dividend Comparison

XUH.TO's dividend yield for the trailing twelve months is around 0.82%, while HULC.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
HULC.TO
Global X US Large Cap 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%
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)		0.82%0.91%1.10%1.15%1.40%0.98%1.25%1.67%1.81%1.25%1.63%1.62%

Frequently Asked Questions

XUH.TO and HULC.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.08% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XUH.TO and HULC.TO have the same expense ratio: 0.08% per year.

XUH.TO tracks Morningstar US Market TR CAD, while HULC.TO tracks Solactive US Large Cap Index (CA NTR). They also come from different issuers: iShares and Global X.

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