HSAV.TO vs. HBB.TO
HSAV.TO (Global X Cash Maximizer Corporate Class ETF) and HBB.TO (Global X Canadian Select Universe Bond Index Corporate Class ETF) are both exchange-traded funds - HSAV.TO is a Bank Loan fund actively managed by Global X, while HBB.TO is a Total Bond Market fund tracking the Solactive Canadian Select Universe Bond. HSAV.TO is actively managed, while HBB.TO is passively managed. Over the past 5 years, HSAV.TO returned 3.20%/yr vs 0.33%/yr for HBB.TO. At a 0.02 correlation, their price movements are largely independent. HSAV.TO charges 0.18%/yr vs 0.09%/yr for HBB.TO.
Performance
HSAV.TO vs. HBB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HSAV.TO achieves a 1.04% return, which is significantly lower than HBB.TO's 1.48% return.
HSAV.TO
- 1D
- -0.03%
- 1M
- 0.15%
- YTD
- 1.04%
- 6M
- 1.55%
- 1Y
- 2.70%
- 3Y*
- 3.71%
- 5Y*
- 3.20%
- 10Y*
- —
HBB.TO
- 1D
- -0.04%
- 1M
- 1.71%
- YTD
- 1.48%
- 6M
- 0.58%
- 1Y
- 2.70%
- 3Y*
- 3.63%
- 5Y*
- 0.33%
- 10Y*
- 1.30%
HSAV.TO vs. HBB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 1.04% | 2.58% | 4.24% | 5.04% | 2.79% | 0.66% | 0.74% |
HBB.TO Global X Canadian Select Universe Bond Index Corporate Class ETF | 1.48% | 1.84% | 3.96% | 5.76% | -11.94% | -2.35% | 5.68% |
Correlation
The correlation between HSAV.TO and HBB.TO is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2020 | 0.02 |
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Return for Risk
HSAV.TO vs. HBB.TO — Risk / Return Rank
HSAV.TO
HBB.TO
HSAV.TO vs. HBB.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 Canadian Select Universe Bond Index Corporate Class ETF (HBB.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.TO | HBB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.11 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 0.97 | +3.61 |
| Martin ratioReturn relative to average drawdown | 12.46 | 2.20 | +10.27 |
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
| HSAV.TO | HBB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 0.61 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.82 | 0.05 | +1.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.72 | 0.30 | +1.42 |
Drawdowns
HSAV.TO vs. HBB.TO - Drawdown Comparison
The maximum HSAV.TO drawdown since its inception was -2.18%, smaller than the maximum HBB.TO drawdown of -18.23%. Use the drawdown chart below to compare losses from any high point for HSAV.TO and HBB.TO.
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Drawdown Indicators
| HSAV.TO | HBB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.18% | -18.23% | +16.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.59% | -2.78% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -1.06% | -5.56% | +4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -2.18% | -16.19% | +14.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.23% | — |
Current DrawdownCurrent decline from peak | -0.18% | -2.97% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -4.58% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 1.23% | -1.01% |
Volatility
HSAV.TO vs. HBB.TO - Volatility Comparison
The current volatility for Global X Cash Maximizer Corporate Class ETF (HSAV.TO) is 0.48%, while Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) has a volatility of 1.58%. This indicates that HSAV.TO experiences smaller price fluctuations and is considered to be less risky than HBB.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 | HBB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 1.58% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 3.43% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 4.44% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 6.54% | -4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 7.09% | -5.51% |
HSAV.TO vs. HBB.TO - Expense Ratio Comparison
HSAV.TO has a 0.18% expense ratio, which is higher than HBB.TO's 0.09% 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%.
Dividends
HSAV.TO vs. HBB.TO - Dividend Comparison
Neither HSAV.TO nor HBB.TO has paid dividends to shareholders.
Frequently Asked Questions
HSAV.TO and HBB.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBB.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBB.TO is cheaper with a 0.09% expense ratio, compared with 0.18% for HSAV.TO.
HSAV.TO is categorized as Bank Loan, while HBB.TO is Total Bond Market. Their fees differ too: 0.18% for HSAV.TO and 0.09% for HBB.TO.
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