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HAZ.TO vs. CASH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HAZ.TO vs. CASH.TO

Last updated Jun 17, 2026

HAZ.TO (Global X Active Global Dividend ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - HAZ.TO is a Global Equity Income fund actively managed by Global X, while CASH.TO is a Money Market fund actively managed by Global X. Both are actively managed. Over the past 3 years, HAZ.TO returned 17.90%/yr vs 3.58%/yr for CASH.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

HAZ.TO vs. CASH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Active Global Dividend ETF (HAZ.TO) and Global X High Interest Savings ETF (CASH.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HAZ.TO achieves a 12.12% return, which is significantly higher than CASH.TO's 0.91% return.

HAZ.TO

1D
-0.15%
1M
2.74%
YTD
12.12%
6M
11.57%
1Y
20.83%
3Y*
17.90%
5Y*
13.80%
10Y*
11.47%

CASH.TO

1D
0.00%
1M
0.15%
YTD
0.91%
6M
1.03%
1Y
2.23%
3Y*
3.58%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HAZ.TO vs. CASH.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
HAZ.TO
Global X Active Global Dividend ETF		12.12%7.49%25.38%17.61%-8.86%9.22%
CASH.TO
Global X High Interest Savings ETF		0.91%2.45%4.53%5.11%2.38%0.08%

Correlation

The correlation between HAZ.TO and CASH.TO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2021

0.03

The correlation between HAZ.TO and CASH.TO shifts across timeframes, from -0.07 (1 year) to 0.06 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Active Global Dividend ETF

Global X High Interest Savings ETF

Often compared with HAZ.TO:
HAZ.TO vs. PAYG.TOHAZ.TO vs. HXT.TOHAZ.TO vs. USCL.TOHAZ.TO vs. CHPS.TOHAZ.TO vs. HSAV.TOHAZ.TO vs. HXS.TOHAZ.TO vs. QQCC.TO
Often compared with CASH.TO:
CASH.TO vs. ZMMK.TOCASH.TO vs. CBIL.TOCASH.TO vs. HSAV.TOCASH.TO vs. PSA.TOCASH.TO vs. CMR.TOCASH.TO vs. SGOVCASH.TO vs. TCSH.TO

Return for Risk

HAZ.TO vs. CASH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAZ.TO
HAZ.TO Risk / Return Rank: 7171
Overall Rank
HAZ.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
HAZ.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
HAZ.TO Omega Ratio Rank: 6363
Omega Ratio Rank
HAZ.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
HAZ.TO Martin Ratio Rank: 7575
Martin Ratio Rank
CASH.TO
CASH.TO Risk / Return Rank: 9999
Overall Rank
CASH.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CASH.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
CASH.TO Omega Ratio Rank: 9999
Omega Ratio Rank
CASH.TO Calmar Ratio Rank: 100100
Calmar Ratio Rank
CASH.TO Martin Ratio Rank: 100100
Martin Ratio Rank
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.

HAZ.TO vs. CASH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Active Global Dividend ETF (HAZ.TO) and Global X High Interest Savings ETF (CASH.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.

HAZ.TOCASH.TODifference
Sharpe ratioReturn per unit of total volatility
2.03
9.48

-7.45

Sortino ratioReturn per unit of downside risk
2.97
25.92

-22.95

Omega ratioGain probability vs. loss probability

1.35

6.97

-5.62

Calmar ratioReturn relative to maximum drawdown

3.82

112.08

-108.26

Martin ratioReturn relative to average drawdown

13.27

385.49

-372.21

HAZ.TO vs. CASH.TO - Sharpe Ratio Comparison

The current HAZ.TO Sharpe Ratio is 2.03, which is lower than the CASH.TO Sharpe Ratio of 9.48. The chart below compares the historical Sharpe Ratios of HAZ.TO and CASH.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HAZ.TO vs. CASH.TO - Drawdown Comparison

The maximum HAZ.TO drawdown since its inception was -25.55%, which is greater than CASH.TO's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for HAZ.TO and CASH.TO.

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Drawdown Indicators

HAZ.TOCASH.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.55%

-0.80%

-24.75%

Max Drawdown (1Y)

Largest decline over 1 year

-5.48%

-0.02%

-5.46%

Max Drawdown (3Y)

Largest decline over 3 years

-14.09%

-0.06%

-14.03%

Max Drawdown (5Y)

Largest decline over 5 years

-18.07%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-25.55%

—

—

Current Drawdown

Current decline from peak

-0.15%

0.00%

-0.15%

Average Drawdown

Average peak-to-trough decline

-3.24%

-0.00%

-3.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.57%

0.01%

+1.56%

Volatility

HAZ.TO vs. CASH.TO - Volatility Comparison

Global X Active Global Dividend ETF (HAZ.TO) has a higher volatility of 2.90% compared to Global X High Interest Savings ETF (CASH.TO) at 0.06%. This indicates that HAZ.TO's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HAZ.TOCASH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.90%

0.06%

+2.84%

Volatility (6M)

Calculated over the trailing 6-month period

7.74%

0.16%

+7.58%

Volatility (1Y)

Calculated over the trailing 1-year period

10.32%

0.24%

+10.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.16%

0.61%

+11.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.30%

0.61%

+13.69%

Dividends

HAZ.TO vs. CASH.TO - Dividend Comparison

HAZ.TO's dividend yield for the trailing twelve months is around 1.30%, less than CASH.TO's 2.19% yield.

PositionTTM20252024202320222021202020192018201720162015
CASH.TO
Global X High Interest Savings ETF		2.19%2.53%4.37%5.05%2.30%0.10%0.00%0.00%0.00%0.00%0.00%0.00%
HAZ.TO
Global X Active Global Dividend ETF		1.30%1.48%0.96%1.78%3.40%1.71%1.93%2.27%2.31%2.20%2.40%2.51%

Frequently Asked Questions

HAZ.TO and CASH.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HAZ.TO is categorized as Global Equity Income, while CASH.TO is Money Market.

Portfolio Optimizer

Find the right allocation for HAZ.TO and CASH.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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