CNCL.TO vs. HSAV.TO
Compare and contrast key facts about Global X Enhanced S&P/TSX 60 Covered Call ETF (CNCL.TO) and Global X Cash Maximizer Corporate Class ETF (HSAV.TO).
CNCL.TO and HSAV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNCL.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX 60. It was launched on Jul 5, 2023. HSAV.TO is an actively managed fund by Global X. It was launched on Feb 5, 2020.
Performance
CNCL.TO vs. HSAV.TO - Performance Comparison
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CNCL.TO vs. HSAV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CNCL.TO Global X Enhanced S&P/TSX 60 Covered Call ETF | 0.31% | 22.73% | 17.93% | 4.66% |
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 1.13% | 2.58% | 4.24% | 2.78% |
Returns By Period
In the year-to-date period, CNCL.TO achieves a 0.31% return, which is significantly lower than HSAV.TO's 1.13% return.
CNCL.TO
- 1D
- 0.91%
- 1M
- -5.41%
- YTD
- 0.31%
- 6M
- 6.80%
- 1Y
- 23.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HSAV.TO
- 1D
- 0.05%
- 1M
- 0.73%
- YTD
- 1.13%
- 6M
- 1.77%
- 1Y
- 3.11%
- 3Y*
- 3.79%
- 5Y*
- 3.24%
- 10Y*
- —
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CNCL.TO vs. HSAV.TO - Expense Ratio Comparison
CNCL.TO has a 0.65% expense ratio, which is higher than HSAV.TO's 0.18% expense ratio.
Return for Risk
CNCL.TO vs. HSAV.TO — Risk / Return Rank
CNCL.TO
HSAV.TO
CNCL.TO vs. HSAV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced S&P/TSX 60 Covered Call ETF (CNCL.TO) and Global X Cash Maximizer Corporate Class ETF (HSAV.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.
| CNCL.TO | HSAV.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 2.28 | -0.64 |
Sortino ratioReturn per unit of downside risk | 2.11 | 3.43 | -1.32 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.44 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 5.23 | -3.51 |
Martin ratioReturn relative to average drawdown | 8.96 | 14.33 | -5.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNCL.TO | HSAV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 2.28 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 1.77 | -0.45 |
Correlation
The correlation between CNCL.TO and HSAV.TO is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CNCL.TO vs. HSAV.TO - Dividend Comparison
CNCL.TO's dividend yield for the trailing twelve months is around 8.36%, while HSAV.TO has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CNCL.TO Global X Enhanced S&P/TSX 60 Covered Call ETF | 8.36% | 9.15% | 11.88% | 6.29% |
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CNCL.TO vs. HSAV.TO - Drawdown Comparison
The maximum CNCL.TO drawdown since its inception was -13.75%, which is greater than HSAV.TO's maximum drawdown of -2.18%. Use the drawdown chart below to compare losses from any high point for CNCL.TO and HSAV.TO.
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Drawdown Indicators
| CNCL.TO | HSAV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.75% | -2.18% | -11.57% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -0.59% | -11.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.18% | — |
Current DrawdownCurrent decline from peak | -5.41% | 0.00% | -5.41% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -0.19% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 0.22% | +2.15% |
Volatility
CNCL.TO vs. HSAV.TO - Volatility Comparison
Global X Enhanced S&P/TSX 60 Covered Call ETF (CNCL.TO) has a higher volatility of 5.04% compared to Global X Cash Maximizer Corporate Class ETF (HSAV.TO) at 0.49%. This indicates that CNCL.TO's price experiences larger fluctuations and is considered to be riskier than HSAV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNCL.TO | HSAV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 0.49% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.91% | 0.96% | +8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 1.37% | +12.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 1.75% | +10.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.55% | 1.58% | +10.97% |