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

HSAV.TO vs. CASH.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Cash Maximizer Corporate Class ETF (HSAV.TO) and Global X High Interest Savings ETF (CASH.TO).

HSAV.TO and CASH.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HSAV.TO is an actively managed fund by Global X. It was launched on Feb 5, 2020. CASH.TO is an actively managed fund by Global X. It was launched on Nov 1, 2021.

Performance

HSAV.TO vs. CASH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Cash Maximizer Corporate Class ETF (HSAV.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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HSAV.TO vs. CASH.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
HSAV.TO
Global X Cash Maximizer Corporate Class ETF		1.13%2.58%4.24%5.04%2.79%0.10%
CASH.TO
Global X High Interest Savings ETF		0.35%2.45%4.53%5.11%2.39%0.08%

Returns By Period

In the year-to-date period, HSAV.TO achieves a 1.13% return, which is significantly higher than CASH.TO's 0.35% return.

HSAV.TO

1D
0.05%
1M
0.73%
YTD
1.13%
6M
1.77%
1Y
3.11%
3Y*
3.79%
5Y*
3.24%
10Y*
—

CASH.TO

1D
-0.13%
1M
0.05%
YTD
0.35%
6M
0.91%
1Y
2.17%
3Y*
3.73%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 Cash Maximizer Corporate Class ETF

Global X High Interest Savings ETF

Often compared with HSAV.TO:
HSAV.TO vs. ZMMK.TOHSAV.TO vs. CBIL.TOHSAV.TO vs. PSA.TOHSAV.TO vs. SGOVHSAV.TO vs. CSAV.TOHSAV.TO vs. CMR.TOHSAV.TO vs. ZST.TO
Often compared with CASH.TO:
CASH.TO vs. ZMMK.TOCASH.TO vs. CBIL.TOCASH.TO vs. PSA.TOCASH.TO vs. CMR.TOCASH.TO vs. SGOVCASH.TO vs. ZST.TOCASH.TO vs. TCSH.TO

HSAV.TO vs. CASH.TO - Expense Ratio Comparison

HSAV.TO has a 0.18% expense ratio, which is higher than CASH.TO's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

HSAV.TO
Global X Cash Maximizer Corporate Class ETF
CASH.TO
Global X High Interest Savings ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HSAV.TO
HSAV.TO Risk / Return Rank: 9696
Overall Rank
HSAV.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
HSAV.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
HSAV.TO Omega Ratio Rank: 9595
Omega Ratio Rank
HSAV.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
HSAV.TO Martin Ratio Rank: 9494
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: 9999
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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Cash Maximizer Corporate Class ETF (HSAV.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.

HSAV.TOCASH.TODifference

Sharpe ratio

Return per unit of total volatility

2.28

8.36

-6.08

Sortino ratio

Return per unit of downside risk

3.43

14.67

-11.24

Omega ratio

Gain probability vs. loss probability

1.44

5.68

-4.23

Calmar ratio

Return relative to maximum drawdown

5.23

17.04

-11.81

Martin ratio

Return relative to average drawdown

14.33

233.38

-219.05

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HSAV.TO Sharpe Ratio is 2.28, which is lower than the CASH.TO Sharpe Ratio of 8.36. The chart below compares the historical Sharpe Ratios of HSAV.TO and CASH.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HSAV.TOCASH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.28

8.36

-6.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.87

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.77

5.43

-3.65

Correlation

The correlation between HSAV.TO and CASH.TO is 0.13, 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

HSAV.TO vs. CASH.TO - Dividend Comparison

HSAV.TO has not paid dividends to shareholders, while CASH.TO's dividend yield for the trailing twelve months is around 2.17%.

TTM20252024202320222021
HSAV.TO
Global X Cash Maximizer Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%
CASH.TO
Global X High Interest Savings ETF		2.17%2.53%4.37%5.06%2.30%0.10%

Drawdowns

HSAV.TO vs. CASH.TO - Drawdown Comparison

The maximum HSAV.TO drawdown since its inception was -2.18%, 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 HSAV.TO and CASH.TO.

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Drawdown Indicators

HSAV.TOCASH.TODifference

Max Drawdown

Largest peak-to-trough decline

-2.18%

-0.80%

-1.38%

Max Drawdown (1Y)

Largest decline over 1 year

-0.59%

-0.13%

-0.46%

Max Drawdown (5Y)

Largest decline over 5 years

-2.18%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.13%

+0.13%

Average Drawdown

Average peak-to-trough decline

-0.19%

0.00%

-0.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.22%

0.01%

+0.21%

Volatility

HSAV.TO vs. CASH.TO - Volatility Comparison

Global X Cash Maximizer Corporate Class ETF (HSAV.TO) has a higher volatility of 0.49% compared to Global X High Interest Savings ETF (CASH.TO) at 0.15%. This indicates that HSAV.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

HSAV.TOCASH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.49%

0.15%

+0.34%

Volatility (6M)

Calculated over the trailing 6-month period

0.96%

0.20%

+0.76%

Volatility (1Y)

Calculated over the trailing 1-year period

1.37%

0.26%

+1.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.75%

0.63%

+1.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.58%

0.63%

+0.95%