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 4 ETFs in the Ultrashort Bond category with lower expense ratios, going as low as 0.12%.

Symbol	Name	Expense Ratio	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	0.12%	588.85M	Apr 2023	HFR.TO vs UBIL-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.12%	207.90M	Sep 2024	HFR.TO vs VVSG.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	0.17%	3.53B	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 95. There are 3 ETFs in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	99	588.85M	Apr 2023	HFR.TO vs UBIL-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	207.90M	Sep 2024	HFR.TO vs VVSG.TO
MNU-U.TO	Purpose USD Cash Management ETF	99	—	Apr 2023	HFR.TO vs MNU-U.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	47	3.53B	Jan 2011	HFR.TO vs ZST.TO

Top Performing HFR.TO Alternatives (YTD)

HFR.TO is at 1.32% YTD. No ETFs in the Ultrashort Bond category have higher YTD returns; the top-performing alternatives shown here go as high as 1.13%.

Symbol	Name	YTD Return	AUM	Inception
MNU-U.TO	Purpose USD Cash Management ETF	1.13%	—	Apr 2023	HFR.TO vs MNU-U.TO
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	1.08%	588.85M	Apr 2023	HFR.TO vs UBIL-U.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.08%	3.53B	Jan 2011	HFR.TO vs ZST.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.91%	207.90M	Sep 2024	HFR.TO vs VVSG.TO

Lowest Volatility Alternatives to HFR.TO

HFR.TO has 1.20% 1-year volatility. There are 4 ETFs in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.33%.

Symbol	Name	Volatility 1Y	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	0.33%	588.85M	Apr 2023	HFR.TO vs UBIL-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.36%	207.90M	Sep 2024	HFR.TO vs VVSG.TO
MNU-U.TO	Purpose USD Cash Management ETF	0.40%	—	Apr 2023	HFR.TO vs MNU-U.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.08%	3.53B	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 3 ETFs in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.08%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	-0.08%	588.85M	Apr 2023	HFR.TO vs UBIL-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	207.90M	Sep 2024	HFR.TO vs VVSG.TO
MNU-U.TO	Purpose USD Cash Management ETF	-0.16%	—	Apr 2023	HFR.TO vs MNU-U.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	-1.01%	3.53B	Jan 2011	HFR.TO vs ZST.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, CBIL.TO, QQCL.TO and span 10 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	0.83%	6.70B	Nov 2021	HFR.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.85%	2.27B	Apr 2023	HFR.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	81	20.85%	364.56M	Oct 2023	HFR.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.99%	6.67B	Nov 2010	HFR.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	81	10.03%	5.16B	Sep 2010	HFR.TO vs HXT.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	66	1.04%	1.92B	Feb 2020	HFR.TO vs HSAV.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	94	66.03%	342.08M	Jun 2021	HFR.TO vs CHPS.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities	96	18.85%	—	Jul 2023	HFR.TO vs HBNK.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	75	11.57%	249.48M	Jul 2023	HFR.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	82	16.94%	713.85M	Sep 2011	HFR.TO vs QQCC.TO

Often Compared With HFR.TO

Investors most often compare HFR.TO with DXV.TO, CSAV.TO, ZBI.TO. These 5 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
DXV.TO	Dynamic Active Investment Grade Floating Rate ETF		83	1.25%	344.32M	—	HFR.TO vs DXV.TO
CSAV.TO	CI High Interest Savings ETF	Money Market	100	0.86%	4.71B	Jun 2019	HFR.TO vs CSAV.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	Canadian Government Bonds	85	1.64%	—	Feb 2022	HFR.TO vs ZBI.TO
XHB.TO	iShares Canadian HYBrid Corporate Bond Index ETF	Corporate Bonds	51	2.17%	226.19M	Sep 2010	HFR.TO vs XHB.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	Canadian Government Bonds	56	1.29%	4.34B	Oct 2009	HFR.TO vs ZCS.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