CASH.TO vs. HXQ.TO
CASH.TO (Global X High Interest Savings ETF) and HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) are both exchange-traded funds - CASH.TO is a Money Market fund actively managed by Global X, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. CASH.TO is actively managed, while HXQ.TO is passively managed. Over the past 3 years, CASH.TO returned 3.46%/yr vs 24.20%/yr for HXQ.TO. Their 0.01 correlation means their historical movements had little consistent relationship. CASH.TO charges 0.11%/yr vs 0.25%/yr for HXQ.TO.
Performance
CASH.TO vs. HXQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CASH.TO achieves a 1.20% return, which is significantly lower than HXQ.TO's 14.56% return.
CASH.TO
- 1D
- 0.02%
- 1M
- 0.16%
- 6M
- 1.05%
- YTD
- 1.20%
- 1Y
- 2.15%
- 3Y*
- 3.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.32%
HXQ.TO
- 1D
- 0.69%
- 1M
- -5.98%
- 6M
- 12.81%
- YTD
- 14.56%
- 1Y
- 26.47%
- 3Y*
- 24.20%
- 5Y*
- 16.73%
- 10Y*
- 21.14%
- ALL TIME*
- 21.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$17.66M | CA$17.50M | CA$19.60M | |
| CA$2.97M | CA$3.02M | CA$3.91M |
CASH.TO vs. HXQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 1.20% | 2.45% | 4.53% | 5.11% | 2.38% | 0.08% |
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF | 14.56% | 15.05% | 35.98% | 51.16% | -27.84% | 4.25% |
Correlation
The correlation between CASH.TO and HXQ.TO is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | 0.01 |
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Return for Risk
CASH.TO vs. HXQ.TO — Risk / Return Rank
CASH.TO
HXQ.TO
CASH.TO vs. HXQ.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 Nasdaq-100 Index Corporate Class ETF (HXQ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CASH.TO | HXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.13 | ||
| Sortino ratioReturn per unit of downside risk | +23.46 | ||
| Omega ratioGain probability vs. loss probability | 6.81 | 1.23 | +5.58 |
| Calmar ratioReturn relative to maximum drawdown | 108.97 | 1.90 | +107.07 |
| Martin ratioReturn relative to average drawdown | 374.82 | 5.49 | +369.32 |
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Drawdowns
CASH.TO vs. HXQ.TO - Drawdown Comparison
The maximum CASH.TO drawdown since its inception was -0.80%, smaller than the maximum HXQ.TO drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for CASH.TO and HXQ.TO.
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Drawdown Indicators
| CASH.TO | HXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.80% | -31.60% | +30.80% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -12.43% | +12.41% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -22.58% | +22.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.60% | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.80% | +7.80% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -5.72% | +5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 4.30% | -4.29% |
Volatility
CASH.TO vs. HXQ.TO - Volatility Comparison
The current volatility for Global X High Interest Savings ETF (CASH.TO) is 0.08%, while Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) has a volatility of 6.71%. This indicates that CASH.TO experiences smaller price fluctuations and is considered to be less risky than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CASH.TO | HXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 6.71% | -6.63% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 15.67% | -15.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 18.98% | -18.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.60% | 21.29% | -20.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.60% | 21.07% | -20.47% |
CASH.TO vs. HXQ.TO - Expense Ratio Comparison
CASH.TO has a 0.11% expense ratio, which is lower than HXQ.TO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CASH.TO vs. HXQ.TO - Dividend Comparison
CASH.TO's dividend yield for the trailing twelve months is around 2.11%, while HXQ.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 2.11% | 2.53% | 4.37% | 5.05% | 2.30% | 0.10% |
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CASH.TO and HXQ.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CASH.TO is cheaper with a 0.11% expense ratio, compared with 0.25% for HXQ.TO.
CASH.TO is categorized as Money Market, while HXQ.TO is Nasdaq-100. Their fees differ too: 0.11% for CASH.TO and 0.25% for HXQ.TO.
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