HSAV.TO vs. HISU-U.TO

Last updated Jun 25, 2026

HSAV.TO (Global X Cash Maximizer Corporate Class ETF) and HISU-U.TO (Evolve US High Interest Savings Account Fund) are both Money Market funds. Both are actively managed. Over the past 3 years, HSAV.TO returned 3.46%/yr vs 7.40%/yr for HISU-U.TO. At a correlation of -0.04, they often move in opposite directions. HSAV.TO charges 0.18%/yr vs 0.15%/yr for HISU-U.TO.

Performance

HSAV.TO vs. HISU-U.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 Evolve US High Interest Savings Account Fund (HISU-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HSAV.TO is traded in CAD, while HISU-U.TO is traded in USD. To make them comparable, the HISU-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HSAV.TO achieves a 0.94% return, which is significantly lower than HISU-U.TO's 5.46% 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*: —

HISU-U.TO

• 1D: 0.38%
• 1M: 3.25%
• YTD: 5.46%
• 6M: 5.60%
• 1Y: 7.43%
• 3Y*: 7.40%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HSAV.TO vs. HISU-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HSAV.TO Global X Cash Maximizer Corporate Class ETF	0.94%	2.58%	4.24%	5.04%	1.80%
HISU-U.TO Evolve US High Interest Savings Account Fund	5.46%	-0.58%	14.16%	2.79%	5.54%

Correlation

The correlation between HSAV.TO and HISU-U.TO is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022	-0.04

Return for Risk

HSAV.TO vs. HISU-U.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: 67
HSAV.TO Sharpe Ratio Rank: 58
HSAV.TO Sortino Ratio Rank: 64
HSAV.TO Omega Ratio Rank: 60
HSAV.TO Calmar Ratio Rank: 84
HSAV.TO Martin Ratio Rank: 67

HISU-U.TO

HISU-U.TO Risk / Return Rank: 100
HISU-U.TO Sharpe Ratio Rank: 100
HISU-U.TO Sortino Ratio Rank: 100
HISU-U.TO Omega Ratio Rank: 100
HISU-U.TO Calmar Ratio Rank: 100
HISU-U.TO Martin Ratio Rank: 100

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. HISU-U.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 Evolve US High Interest Savings Account Fund (HISU-U.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	HISU-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.71	+0.06
Sortino ratio: Return per unit of downside risk	2.62	2.40	+0.23
Omega ratio: Gain probability vs. loss probability	1.33	1.31	+0.02
Calmar ratio: Return relative to maximum drawdown	4.14	2.00	+2.14
Martin ratio: Return relative to average drawdown	10.94	5.46	+5.48

HSAV.TO vs. HISU-U.TO - Sharpe Ratio Comparison

The current HSAV.TO Sharpe Ratio is 1.76, which is comparable to the HISU-U.TO Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of HSAV.TO and HISU-U.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.

Drawdowns

HSAV.TO vs. HISU-U.TO - Drawdown Comparison

The maximum HSAV.TO drawdown since its inception was -2.18%, smaller than the maximum HISU-U.TO drawdown of -6.33%. Use the drawdown chart below to compare losses from any high point for HSAV.TO and HISU-U.TO.

Drawdown Indicators

	HSAV.TO	HISU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-2.18%	-6.33%	+4.15%
Max Drawdown (1Y) Largest decline over 1 year	-0.59%	-3.74%	+3.15%
Max Drawdown (3Y) Largest decline over 3 years	-1.06%	-6.33%	+5.27%
Max Drawdown (5Y) Largest decline over 5 years	-2.18%	—	—
Current Drawdown Current decline from peak	-0.28%	0.00%	-0.28%
Average Drawdown Average peak-to-trough decline	-0.19%	-1.84%	+1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	1.36%	-1.14%

Volatility

HSAV.TO vs. HISU-U.TO - Volatility Comparison

The current volatility for Global X Cash Maximizer Corporate Class ETF (HSAV.TO) is 0.35%, while Evolve US High Interest Savings Account Fund (HISU-U.TO) has a volatility of 1.08%. This indicates that HSAV.TO experiences smaller price fluctuations and is considered to be less risky than HISU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSAV.TO	HISU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	1.08%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	1.02%	3.29%	-2.27%
Volatility (1Y) Calculated over the trailing 1-year period	1.39%	4.37%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.77%	5.99%	-4.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.57%	5.99%	-4.42%

HSAV.TO vs. HISU-U.TO - Expense Ratio Comparison

HSAV.TO has a 0.18% expense ratio, which is higher than HISU-U.TO's 0.15% 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. HISU-U.TO - Dividend Comparison

HSAV.TO has not paid dividends to shareholders, while HISU-U.TO's dividend yield for the trailing twelve months is around 3.78%.

Position	TTM	2025	2024	2023	2022
HISU-U.TO Evolve US High Interest Savings Account Fund	3.78%	4.10%	5.08%	5.20%	1.21%
HSAV.TO Global X Cash Maximizer Corporate Class ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HSAV.TO and HISU-U.TO in my portfolio?

HSAV.TO and HISU-U.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HSAV.TO or HISU-U.TO?

On fees, HISU-U.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HSAV.TO or HISU-U.TO?

HISU-U.TO is cheaper with a 0.15% expense ratio, compared with 0.18% for HSAV.TO.

What is the main difference between HSAV.TO and HISU-U.TO?

They also come from different issuers: Global X and Evolve. Their fees differ too: 0.18% for HSAV.TO and 0.15% for HISU-U.TO.