CNDU.TO vs. HSAV.TO
CNDU.TO (BetaPro S&P/TSX 60 2x Daily Bull ETF) and HSAV.TO (Global X Cash Maximizer Corporate Class ETF) are both exchange-traded funds - CNDU.TO is a Leveraged Equities fund tracking the S&P/TSX 60 Index, while HSAV.TO is a Money Market fund actively managed by Global X. CNDU.TO is passively managed, while HSAV.TO is actively managed. Over the past 5 years, CNDU.TO returned 22.52%/yr vs 3.17%/yr for HSAV.TO. Their 0.04 correlation means their historical movements had little consistent relationship. CNDU.TO charges 1.15%/yr vs 0.18%/yr for HSAV.TO.
Performance
CNDU.TO vs. HSAV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CNDU.TO achieves a 24.33% return, which is significantly higher than HSAV.TO's 1.00% return.
CNDU.TO
- 1D
- -1.14%
- 1M
- 1.66%
- 6M
- 25.71%
- YTD
- 24.33%
- 1Y
- 65.86%
- 3Y*
- 39.29%
- 5Y*
- 22.52%
- 10Y*
- 19.01%
- ALL TIME*
- 9.93%
HSAV.TO
- 1D
- 0.06%
- 1M
- 0.02%
- 6M
- 1.02%
- YTD
- 1.00%
- 1Y
- 1.90%
- 3Y*
- 3.33%
- 5Y*
- 3.17%
- 10Y*
- —
- ALL TIME*
- 2.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.36M | CA$1.29M | CA$1.39M | |
| CA$2.70M | CA$3.14M | CA$3.94M |
CNDU.TO vs. HSAV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CNDU.TO BetaPro S&P/TSX 60 2x Daily Bull ETF | 24.33% | 54.27% | 34.82% | 15.07% | -17.75% | 59.19% | -12.83% |
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 1.00% | 2.58% | 4.24% | 5.04% | 2.79% | 0.66% | 0.71% |
Correlation
The correlation between CNDU.TO and HSAV.TO is 0.09, 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. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2020 | 0.04 |
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Return for Risk
CNDU.TO vs. HSAV.TO — Risk / Return Rank
CNDU.TO
HSAV.TO
CNDU.TO vs. HSAV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.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.
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.
| CNDU.TO | HSAV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 3.20 | +0.94 |
| Martin ratioReturn relative to average drawdown | 18.09 | 7.91 | +10.19 |
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Drawdowns
CNDU.TO vs. HSAV.TO - Drawdown Comparison
The maximum CNDU.TO drawdown since its inception was -78.04%, 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 CNDU.TO and HSAV.TO.
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Drawdown Indicators
| CNDU.TO | HSAV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.04% | -2.18% | -75.86% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -0.59% | -14.67% |
Max Drawdown (3Y)Largest decline over 3 years | -24.52% | -1.06% | -23.46% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | -2.18% | -30.42% |
Max Drawdown (10Y)Largest decline over 10 years | -61.48% | — | — |
Current DrawdownCurrent decline from peak | -2.87% | -0.22% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -23.16% | -0.19% | -22.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 0.24% | +3.25% |
Volatility
CNDU.TO vs. HSAV.TO - Volatility Comparison
BetaPro S&P/TSX 60 2x Daily Bull ETF (CNDU.TO) has a higher volatility of 6.02% compared to Global X Cash Maximizer Corporate Class ETF (HSAV.TO) at 0.31%. This indicates that CNDU.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
| CNDU.TO | HSAV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 0.31% | +5.71% |
Volatility (6M)Calculated over the trailing 6-month period | 18.46% | 0.94% | +17.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.45% | 1.39% | +23.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 1.78% | +23.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.05% | 1.56% | +28.49% |
CNDU.TO vs. HSAV.TO - Expense Ratio Comparison
CNDU.TO has a 1.15% expense ratio, which is higher than HSAV.TO's 0.18% expense ratio.
Dividends
CNDU.TO vs. HSAV.TO - Dividend Comparison
Neither CNDU.TO nor HSAV.TO has paid dividends to shareholders.
Frequently Asked Questions
CNDU.TO and HSAV.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSAV.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSAV.TO is cheaper with a 0.18% expense ratio, compared with 1.15% for CNDU.TO.
CNDU.TO is categorized as Leveraged Equities, while HSAV.TO is Money Market. Their fees differ too: 1.15% for CNDU.TO and 0.18% for HSAV.TO.
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