CASH.TO vs. HLPR.TO

Last updated Jun 5, 2026

CASH.TO (Global X High Interest Savings ETF) and HLPR.TO (Global X Laddered Canadian Preferred Share Index Corporate Class ETF) are both exchange-traded funds - CASH.TO is a Money Market fund actively managed by Global X, while HLPR.TO is a Preferred Stock/Convertible Bonds fund tracking the Solactive Laddered Canadian Preferred Share Index. CASH.TO is actively managed, while HLPR.TO is passively managed. Over the past 3 years, CASH.TO returned 3.62%/yr vs 19.58%/yr for HLPR.TO. At a 0.00 correlation, their price movements are largely independent. CASH.TO charges 0.11%/yr vs 0.30%/yr for HLPR.TO.

Performance

CASH.TO vs. HLPR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X High Interest Savings ETF (CASH.TO) and Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CASH.TO achieves a 0.84% return, which is significantly lower than HLPR.TO's 6.53% return.

CASH.TO

• 1D: 0.01%
• 1M: 0.16%
• YTD: 0.84%
• 6M: 1.02%
• 1Y: 2.23%
• 3Y*: 3.62%
• 5Y*: —
• 10Y*: —

HLPR.TO

• 1D: 0.14%
• 1M: 1.14%
• YTD: 6.53%
• 6M: 8.02%
• 1Y: 19.01%
• 3Y*: 19.58%
• 5Y*: 7.20%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CASH.TO vs. HLPR.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CASH.TO Global X High Interest Savings ETF	0.84%	2.45%	4.53%	5.11%	2.39%	0.08%
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF	6.53%	18.79%	28.13%	2.89%	-17.83%	-0.93%

Correlation

The correlation between CASH.TO and HLPR.TO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Nov 4, 2021	0.00

The correlation between CASH.TO and HLPR.TO shifts across timeframes, from -0.12 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CASH.TO vs. HLPR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CASH.TO

CASH.TO Risk / Return Rank: 100
CASH.TO Sharpe Ratio Rank: 99
CASH.TO Sortino Ratio Rank: 100
CASH.TO Omega Ratio Rank: 100
CASH.TO Calmar Ratio Rank: 100
CASH.TO Martin Ratio Rank: 100

HLPR.TO

HLPR.TO Risk / Return Rank: 97
HLPR.TO Sharpe Ratio Rank: 97
HLPR.TO Sortino Ratio Rank: 97
HLPR.TO Omega Ratio Rank: 98
HLPR.TO Calmar Ratio Rank: 95
HLPR.TO Martin Ratio Rank: 97

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.

CASH.TO vs. HLPR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X High Interest Savings ETF (CASH.TO) and Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.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.

	CASH.TO	HLPR.TO	Difference
Sharpe ratio: Return per unit of total volatility	10.38	4.36	+6.02
Sortino ratio: Return per unit of downside risk	32.63	6.33	+26.30
Omega ratio: Gain probability vs. loss probability	7.50	2.01	+5.48
Calmar ratio: Return relative to maximum drawdown	112.00	7.68	+104.32
Martin ratio: Return relative to average drawdown	470.40	45.49	+424.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CASH.TO vs. HLPR.TO - Sharpe Ratio Comparison

The current CASH.TO Sharpe Ratio is 10.38, which is higher than the HLPR.TO Sharpe Ratio of 4.36. The chart below compares the historical Sharpe Ratios of CASH.TO and HLPR.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.

Sharpe Ratios by Period

	CASH.TO	HLPR.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	10.38	4.36	+6.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.52	0.65	+4.87

Drawdowns

CASH.TO vs. HLPR.TO - Drawdown Comparison

The maximum CASH.TO drawdown since its inception was -0.80%, smaller than the maximum HLPR.TO drawdown of -38.96%. Use the drawdown chart below to compare losses from any high point for CASH.TO and HLPR.TO.

Drawdown Indicators

	CASH.TO	HLPR.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.80%	-38.96%	+38.16%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-2.49%	+2.47%
Max Drawdown (3Y) Largest decline over 3 years	-0.06%	-10.09%	+10.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.79%	—
Current Drawdown Current decline from peak	0.00%	-0.22%	+0.22%
Average Drawdown Average peak-to-trough decline	-0.00%	-6.57%	+6.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	0.42%	-0.42%

Volatility

CASH.TO vs. HLPR.TO - Volatility Comparison

The current volatility for Global X High Interest Savings ETF (CASH.TO) is 0.06%, while Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) has a volatility of 1.04%. This indicates that CASH.TO experiences smaller price fluctuations and is considered to be less risky than HLPR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CASH.TO	HLPR.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	1.04%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	0.13%	2.69%	-2.56%
Volatility (1Y) Calculated over the trailing 1-year period	0.22%	4.39%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.61%	8.32%	-7.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.61%	13.08%	-12.47%

CASH.TO vs. HLPR.TO - Expense Ratio Comparison

CASH.TO has a 0.11% expense ratio, which is lower than HLPR.TO's 0.30% expense ratio.

Dividends

CASH.TO vs. HLPR.TO - Dividend Comparison

CASH.TO's dividend yield for the trailing twelve months is around 2.19%, while HLPR.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
CASH.TO Global X High Interest Savings ETF	2.19%	2.53%	4.37%	5.06%	2.30%	0.10%
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CASH.TO and HLPR.TO in my portfolio?

CASH.TO and HLPR.TO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CASH.TO or HLPR.TO?

On fees, CASH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CASH.TO or HLPR.TO?

CASH.TO is cheaper with a 0.11% expense ratio, compared with 0.30% for HLPR.TO.

What is the main difference between CASH.TO and HLPR.TO?

CASH.TO is categorized as Money Market, while HLPR.TO is Preferred Stock/Convertible Bonds. Their fees differ too: 0.11% for CASH.TO and 0.30% for HLPR.TO.