HFR.TO Alternatives & Similar ETFs

Global X Active Ultra-Short Term Investment Grade Bond ETF (HFR.TO) belongs to the Ultrashort Bond category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HFR.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HFR.TO

HFR.TO charges 0.46% annually. There are 7 ETFs in the Ultrashort Bond category with lower expense ratios, going as low as 0.12%.

Symbol	Name	Expense Ratio	AUM	Inception
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.12%	214.29M	Sep 2024	HFR.TO vs VVSG.TO
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	0.12%	590.21M	Apr 2023	HFR.TO vs UBIL-U.TO
TCSH.TO	TD Cash Management ETF	0.16%	—	Feb 2024	HFR.TO vs TCSH.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	0.17%	3.50B	Jan 2011	HFR.TO vs ZST.TO
MNU-U.TO	Purpose USD Cash Management ETF	0.20%	—	Apr 2023	HFR.TO vs MNU-U.TO

Best Risk-Adjusted Alternatives to HFR.TO

HFR.TO has a PortfoliosLab risk / return rank of 96. There are 4 ETFs in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	100	590.21M	Apr 2023	HFR.TO vs UBIL-U.TO
MNU-U.TO	Purpose USD Cash Management ETF	100	—	Apr 2023	HFR.TO vs MNU-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	214.29M	Sep 2024	HFR.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	99	—	Feb 2024	HFR.TO vs TCSH.TO
DXV.TO	Dynamic Active Ultra Short Term Bond ETF	88	344.32M	Mar 2018	HFR.TO vs DXV.TO

Top Performing HFR.TO Alternatives (YTD)

HFR.TO is at 1.72% YTD. There are 2 ETFs in the Ultrashort Bond category with higher YTD returns, going as high as 2.16%.

Symbol	Name	YTD Return	AUM	Inception
MNU-U.TO	Purpose USD Cash Management ETF	2.16%	—	Apr 2023	HFR.TO vs MNU-U.TO
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	2.03%	590.21M	Apr 2023	HFR.TO vs UBIL-U.TO
PMNT.TO	PIMCO Global Short Maturity Fund (Canada)	1.69%	677.60M	Feb 2019	HFR.TO vs PMNT.TO
DXV.TO	Dynamic Active Ultra Short Term Bond ETF	1.65%	344.32M	Mar 2018	HFR.TO vs DXV.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.53%	3.50B	Jan 2011	HFR.TO vs ZST.TO

Lowest Volatility Alternatives to HFR.TO

HFR.TO has 1.24% 1-year volatility. There are 5 ETFs in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.25%.

Symbol	Name	Volatility 1Y	AUM	Inception
MNU-U.TO	Purpose USD Cash Management ETF	0.25%	—	Apr 2023	HFR.TO vs MNU-U.TO
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	0.31%	590.21M	Apr 2023	HFR.TO vs UBIL-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.34%	214.29M	Sep 2024	HFR.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	0.44%	—	Feb 2024	HFR.TO vs TCSH.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.08%	3.50B	Jan 2011	HFR.TO vs ZST.TO

Lowest Drawdown Alternatives to HFR.TO

HFR.TO has a 1-year max drawdown of -0.40%. There are 5 ETFs in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.04%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	-0.04%	590.21M	Apr 2023	HFR.TO vs UBIL-U.TO
MNU-U.TO	Purpose USD Cash Management ETF	-0.09%	—	Apr 2023	HFR.TO vs MNU-U.TO
TCSH.TO	TD Cash Management ETF	-0.10%	—	Feb 2024	HFR.TO vs TCSH.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	214.29M	Sep 2024	HFR.TO vs VVSG.TO
DXV.TO	Dynamic Active Ultra Short Term Bond ETF	-0.30%	344.32M	Mar 2018	HFR.TO vs DXV.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, HXQ.TO, CBIL.TO and span 11 categories. AUM among these funds goes as high as $7B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CASH.TO	Global X High Interest Savings ETF	Money Market	100	1.20%	6.55B	Nov 2021	HFR.TO vs CASH.TO
HXQ.TO	Global X Nasdaq-100 Index Corporate Class ETF	Nasdaq-100	49	14.56%	1.73B	Apr 2016	HFR.TO vs HXQ.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	1.23%	2.56B	Apr 2023	HFR.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	54	14.15%	353.68M	Oct 2023	HFR.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	67	12.29%	7.40B	Nov 2010	HFR.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	93	13.38%	5.48B	Sep 2010	HFR.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Artificial Intelligence, Semiconductors, Technology Equities	78	44.43%	370.09M	Jun 2021	HFR.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	63	1.00%	1.93B	Feb 2020	HFR.TO vs HSAV.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	33.04%	—	Jul 2023	HFR.TO vs HBNK.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	77	13.52%	244.05M	Jul 2023	HFR.TO vs USCL.TO

Often Compared With HFR.TO

Investors most often compare HFR.TO with QQCC.TO, ZMMK.TO, CSAV.TO. These 14 comparison targets span 13 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	53	11.50%	683.57M	Sep 2011	HFR.TO vs QQCC.TO
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	99	1.36%	5.83B	Nov 2021	HFR.TO vs ZMMK.TO
CSAV.TO	CI High Interest Savings ETF	Money Market	99	1.18%	4.51B	Jun 2019	HFR.TO vs CSAV.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Financials Equities, Canada Equities	94	17.94%	1.43B	Apr 2010	HFR.TO vs FIE.TO
XCNS.TO	iShares Core Conservative Balanced ETF Portfolio	Diversified Portfolio	69	5.51%	419.44M	Aug 2019	HFR.TO vs XCNS.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	Canadian Government Bonds	88	2.05%	—	Feb 2022	HFR.TO vs ZBI.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	Corporate Bonds	64	1.36%	4.76B	Oct 2009	HFR.TO vs ZCS.TO
VSB.TO	Vanguard Canadian Short-Term Bond Index ETF	Short-Term Bond	54	1.02%	1.65B	Nov 2011	HFR.TO vs VSB.TO
XHB.TO	iShares Canadian HYBrid Corporate Bond Index ETF	Corporate Bonds	46	1.47%	227.23M	Sep 2010	HFR.TO vs XHB.TO
CRED.TO	CI Alternative Investment Grade Credit Fund	Investment Grade Bonds, Long-Short, Nontraditional Bonds, Actively Managed	53	0.90%	278.67M	Jan 2020	HFR.TO vs CRED.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	Short-Term Bond, Corporate Bonds, Investment Grade Bonds	64	1.42%	2.71B	Sep 2011	HFR.TO vs XSH.TO
PSA.TO	Purpose High Interest Savings Fund	Money Market	100	1.27%	4.20B	Oct 2013	HFR.TO vs PSA.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	28.07%	4.38B	Apr 2011	HFR.TO vs XEI.TO
RATE.TO	Arrow EC Income Advantage Alternative Fund	Investment Grade Bonds, Corporate Bonds, Nontraditional Bonds	63	1.38%	—	Jun 2021	HFR.TO vs RATE.TO

Compare HFR.TO with Any Fund or Stock

Compare HFR.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair HFR.TO with funds that move differently

Global X Active Ultra-Short Term Investment Grade Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HFR.TO.

Explore HFR.TO Diversifiers

Global X Active Ultra-Short Term Investment Grade Bond ETF (HFR.TO) Alternatives