HAL.TO vs. HSAV.TO
HAL.TO (Global X Active Canadian Dividend ETF) and HSAV.TO (Global X Cash Maximizer Corporate Class ETF) are both exchange-traded funds - HAL.TO is a Canada Equities fund actively managed by Global X, while HSAV.TO is a Bank Loan fund actively managed by Global X. Both are actively managed. Over the past 5 years, HAL.TO returned 14.92%/yr vs 3.20%/yr for HSAV.TO. At a 0.04 correlation, their price movements are largely independent. HAL.TO charges 0.67%/yr vs 0.18%/yr for HSAV.TO.
Performance
HAL.TO vs. HSAV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HAL.TO achieves a 17.28% return, which is significantly higher than HSAV.TO's 1.04% return.
HAL.TO
- 1D
- 1.49%
- 1M
- 3.85%
- YTD
- 17.28%
- 6M
- 20.97%
- 1Y
- 42.29%
- 3Y*
- 21.26%
- 5Y*
- 14.92%
- 10Y*
- 11.69%
HSAV.TO
- 1D
- -0.03%
- 1M
- 0.15%
- YTD
- 1.04%
- 6M
- 1.55%
- 1Y
- 2.70%
- 3Y*
- 3.71%
- 5Y*
- 3.20%
- 10Y*
- —
HAL.TO vs. HSAV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HAL.TO Global X Active Canadian Dividend ETF | 17.28% | 24.60% | 21.69% | -0.73% | 3.43% | 21.17% | -9.10% |
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 1.04% | 2.58% | 4.24% | 5.04% | 2.79% | 0.66% | 0.74% |
Correlation
The correlation between HAL.TO and HSAV.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2020 | 0.04 |
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Return for Risk
HAL.TO vs. HSAV.TO — Risk / Return Rank
HAL.TO
HSAV.TO
HAL.TO vs. HSAV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Active Canadian Dividend ETF (HAL.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.
| HAL.TO | HSAV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.50 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.93 | 1.37 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 8.26 | 4.58 | +3.67 |
| Martin ratioReturn relative to average drawdown | 37.67 | 12.46 | +25.21 |
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
| HAL.TO | HSAV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.46 | 1.96 | +2.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.82 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 1.72 | -0.92 |
Drawdowns
HAL.TO vs. HSAV.TO - Drawdown Comparison
The maximum HAL.TO drawdown since its inception was -39.70%, 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 HAL.TO and HSAV.TO.
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Drawdown Indicators
| HAL.TO | HSAV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.70% | -2.18% | -37.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.15% | -0.59% | -4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -12.44% | -1.06% | -11.38% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -2.18% | -14.25% |
Max Drawdown (10Y)Largest decline over 10 years | -39.70% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.18% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -0.19% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.22% | +0.91% |
Volatility
HAL.TO vs. HSAV.TO - Volatility Comparison
Global X Active Canadian Dividend ETF (HAL.TO) has a higher volatility of 2.48% compared to Global X Cash Maximizer Corporate Class ETF (HSAV.TO) at 0.48%. This indicates that HAL.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
| HAL.TO | HSAV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 0.48% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 1.05% | +6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.53% | 1.39% | +8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.36% | 1.77% | +10.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 1.58% | +13.27% |
HAL.TO vs. HSAV.TO - Expense Ratio Comparison
HAL.TO has a 0.67% expense ratio, which is higher than HSAV.TO's 0.18% expense ratio.
Dividends
HAL.TO vs. HSAV.TO - Dividend Comparison
HAL.TO's dividend yield for the trailing twelve months is around 1.97%, while HSAV.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAL.TO Global X Active Canadian Dividend ETF | 1.97% | 2.37% | 2.79% | 3.60% | 4.84% | 2.99% | 3.56% | 2.96% | 3.43% | 3.17% | 2.84% | 3.19% |
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HAL.TO and HSAV.TO have a correlation of 0.10, 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 0.67% for HAL.TO.
HAL.TO is categorized as Canada Equities, while HSAV.TO is Bank Loan. Their fees differ too: 0.67% for HAL.TO and 0.18% for HSAV.TO.
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