CASH.TO vs. QQHG

Last updated Apr 5, 2026

Compare and contrast key facts about Global X High Interest Savings ETF (CASH.TO) and Invesco QQQ Hedged Advantage ETF (QQHG).

CASH.TO and QQHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CASH.TO is an actively managed fund by Global X. It was launched on Nov 1, 2021. QQHG is an actively managed fund by Invesco. It was launched on May 5, 2025.

Performance

CASH.TO vs. QQHG - 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 Invesco QQQ Hedged Advantage ETF (QQHG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CASH.TO is traded in CAD, while QQHG is traded in USD. To make them comparable, the QQHG values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CASH.TO achieves a 0.50% return, which is significantly higher than QQHG's -0.19% return.

CASH.TO

• 1D: 0.02%
• 1M: 0.17%
• YTD: 0.50%
• 6M: 1.02%
• 1Y: 2.30%
• 3Y*: 3.79%
• 5Y*: —
• 10Y*: —

QQHG

• 1D: 0.49%
• 1M: 0.08%
• YTD: -0.19%
• 6M: 0.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CASH.TO vs. QQHG - Yearly Performance Comparison

	2026 (YTD)	2025
CASH.TO Global X High Interest Savings ETF	0.50%	1.58%
QQHG Invesco QQQ Hedged Advantage ETF	-0.19%	19.58%

Correlation

The correlation between CASH.TO and QQHG is -0.03, 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, cushioning overall portfolio drawdowns.

CASH.TO vs. QQHG - Expense Ratio Comparison

CASH.TO has a 0.11% expense ratio, which is lower than QQHG's 0.45% expense ratio.

QQHG

Invesco QQQ Hedged Advantage ETF

CASH.TO

Global X High Interest Savings ETF

Return for Risk

CASH.TO vs. QQHG — 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: 100
CASH.TO Sortino Ratio Rank: 100
CASH.TO Omega Ratio Rank: 100
CASH.TO Calmar Ratio Rank: 100
CASH.TO Martin Ratio Rank: 100

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. QQHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X High Interest Savings ETF (CASH.TO) and Invesco QQQ Hedged Advantage ETF (QQHG). 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	QQHG	Difference
Sharpe ratio Return per unit of total volatility	10.49	—	—
Sortino ratio Return per unit of downside risk	33.16	—	—
Omega ratio Gain probability vs. loss probability	7.74	—	—
Calmar ratio Return relative to maximum drawdown	115.84	—	—
Martin ratio Return relative to average drawdown	479.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CASH.TO	QQHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	10.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.51	2.12	+3.40

Drawdowns

CASH.TO vs. QQHG - Drawdown Comparison

The maximum CASH.TO drawdown since its inception was -0.80%, smaller than the maximum QQHG drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for CASH.TO and QQHG.

Drawdown Indicators

	CASH.TO	QQHG	Difference
Max Drawdown Largest peak-to-trough decline	-0.80%	-6.18%	+5.38%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	—	—
Current Drawdown Current decline from peak	0.00%	-3.48%	+3.48%
Average Drawdown Average peak-to-trough decline	0.00%	-1.07%	+1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	—	—

Volatility

Volatility by Period

	CASH.TO	QQHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.22%	10.27%	-10.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.62%	10.27%	-9.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.62%	10.27%	-9.65%

Dividends

CASH.TO vs. QQHG - Dividend Comparison

CASH.TO's dividend yield for the trailing twelve months is around 2.31%, more than QQHG's 0.23% yield.

	TTM	2025	2024	2023	2022	2021
CASH.TO Global X High Interest Savings ETF	2.31%	2.53%	4.37%	5.06%	2.30%	0.10%
QQHG Invesco QQQ Hedged Advantage ETF	0.23%	0.17%	0.00%	0.00%	0.00%	0.00%