HSAV.TO vs. HAF.TO
HSAV.TO (Global X Cash Maximizer Corporate Class ETF) and HAF.TO (Global X Active Global Fixed Income ETF) are both exchange-traded funds - HSAV.TO is a Money Market fund actively managed by Global X, while HAF.TO is a Global Bonds fund actively managed by Global X. Both are actively managed. Over the past 5 years, HSAV.TO returned 3.18%/yr vs 2.57%/yr for HAF.TO. At a 0.01 correlation, their price movements are largely independent. HSAV.TO charges 0.18%/yr vs 0.59%/yr for HAF.TO.
Performance
HSAV.TO vs. HAF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HSAV.TO achieves a 0.94% return, which is significantly lower than HAF.TO's 2.70% return.
HSAV.TO
- 1D
- 0.04%
- 1M
- 0.02%
- YTD
- 0.94%
- 6M
- 1.02%
- 1Y
- 2.44%
- 3Y*
- 3.46%
- 5Y*
- 3.18%
- 10Y*
- —
HAF.TO
- 1D
- 0.29%
- 1M
- 0.56%
- YTD
- 2.70%
- 6M
- 3.43%
- 1Y
- 3.00%
- 3Y*
- 5.57%
- 5Y*
- 2.57%
- 10Y*
- 2.95%
HSAV.TO vs. HAF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 0.94% | 2.58% | 4.24% | 5.04% | 2.79% | 0.66% | 0.71% |
HAF.TO Global X Active Global Fixed Income ETF | 2.70% | 2.56% | 3.65% | 10.92% | -6.00% | 1.88% | 1.83% |
Correlation
The correlation between HSAV.TO and HAF.TO is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2020 | 0.01 |
The correlation between HSAV.TO and HAF.TO shifts across timeframes, from -0.16 (1 year) to 0.01 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HSAV.TO vs. HAF.TO — Risk / Return Rank
HSAV.TO
HAF.TO
HSAV.TO vs. HAF.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 Active Global Fixed Income ETF (HAF.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.
| HSAV.TO | HAF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.08 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 0.78 | +3.36 |
| Martin ratioReturn relative to average drawdown | 10.94 | 1.73 | +9.21 |
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Drawdowns
HSAV.TO vs. HAF.TO - Drawdown Comparison
The maximum HSAV.TO drawdown since its inception was -2.18%, smaller than the maximum HAF.TO drawdown of -30.65%. Use the drawdown chart below to compare losses from any high point for HSAV.TO and HAF.TO.
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Drawdown Indicators
| HSAV.TO | HAF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.18% | -30.65% | +28.47% |
Max Drawdown (1Y)Largest decline over 1 year | -0.59% | -3.87% | +3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -1.06% | -3.94% | +2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -2.18% | -12.13% | +9.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.04% | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.43% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -10.04% | +9.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 1.73% | -1.51% |
Volatility
HSAV.TO vs. HAF.TO - Volatility Comparison
The current volatility for Global X Cash Maximizer Corporate Class ETF (HSAV.TO) is 0.35%, while Global X Active Global Fixed Income ETF (HAF.TO) has a volatility of 1.77%. This indicates that HSAV.TO experiences smaller price fluctuations and is considered to be less risky than HAF.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.TO | HAF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 1.77% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 4.81% | -3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 6.86% | -5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 7.27% | -5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 11.11% | -9.54% |
HSAV.TO vs. HAF.TO - Expense Ratio Comparison
HSAV.TO has a 0.18% expense ratio, which is lower than HAF.TO's 0.59% expense ratio.
Dividends
HSAV.TO vs. HAF.TO - Dividend Comparison
HSAV.TO has not paid dividends to shareholders, while HAF.TO's dividend yield for the trailing twelve months is around 4.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAF.TO Global X Active Global Fixed Income ETF | 4.97% | 5.05% | 5.47% | 5.34% | 4.36% | 2.41% | 3.08% | 3.23% | 2.82% | 3.11% | 3.98% | 3.84% |
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
HSAV.TO and HAF.TO have a correlation of -0.16, 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 0.59% for HAF.TO.
HSAV.TO is categorized as Money Market, while HAF.TO is Global Bonds. Their fees differ too: 0.18% for HSAV.TO and 0.59% for HAF.TO.
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