HSAV.TO vs. HXH.TO
HSAV.TO (Global X Cash Maximizer Corporate Class ETF) and HXH.TO (Global X Canadian High Dividend Index Corporate Class ETF) are both exchange-traded funds - HSAV.TO is a Money Market fund actively managed by Global X, while HXH.TO is a Canada Equities fund tracking the Solactive Canadian High Dividend Yield Index. HSAV.TO is actively managed, while HXH.TO is passively managed. Over the past 5 years, HSAV.TO returned 3.18%/yr vs 16.29%/yr for HXH.TO. At a 0.02 correlation, their price movements are largely independent. HSAV.TO charges 0.18%/yr vs 0.11%/yr for HXH.TO.
Performance
HSAV.TO vs. HXH.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 HXH.TO's 21.36% 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*
- —
HXH.TO
- 1D
- -0.53%
- 1M
- 0.57%
- YTD
- 21.36%
- 6M
- 22.15%
- 1Y
- 41.88%
- 3Y*
- 23.39%
- 5Y*
- 16.29%
- 10Y*
- 12.09%
HSAV.TO vs. HXH.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% |
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF | 21.36% | 25.86% | 15.24% | 6.33% | 5.00% | 34.51% | -9.91% |
Correlation
The correlation between HSAV.TO and HXH.TO is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
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 | 0.02 |
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Return for Risk
HSAV.TO vs. HXH.TO — Risk / Return Rank
HSAV.TO
HXH.TO
HSAV.TO vs. HXH.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 High Dividend Index Corporate Class ETF (HXH.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 | HXH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.28 | ||
| Sortino ratioReturn per unit of downside risk | -4.96 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 2.06 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 16.67 | -12.53 |
| Martin ratioReturn relative to average drawdown | 10.94 | 51.58 | -40.64 |
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Drawdowns
HSAV.TO vs. HXH.TO - Drawdown Comparison
The maximum HSAV.TO drawdown since its inception was -2.18%, smaller than the maximum HXH.TO drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for HSAV.TO and HXH.TO.
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Drawdown Indicators
| HSAV.TO | HXH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.18% | -40.80% | +38.62% |
Max Drawdown (1Y)Largest decline over 1 year | -0.59% | -2.52% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -1.06% | -10.55% | +9.49% |
Max Drawdown (5Y)Largest decline over 5 years | -2.18% | -15.48% | +13.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.80% | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.89% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -4.84% | +4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.82% | -0.60% |
Volatility
HSAV.TO vs. HXH.TO - Volatility Comparison
The current volatility for Global X Cash Maximizer Corporate Class ETF (HSAV.TO) is 0.35%, while Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) has a volatility of 2.55%. This indicates that HSAV.TO experiences smaller price fluctuations and is considered to be less risky than HXH.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 | HXH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 2.55% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 6.80% | -5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 8.34% | -6.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 12.19% | -10.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 16.03% | -14.46% |
HSAV.TO vs. HXH.TO - Expense Ratio Comparison
HSAV.TO has a 0.18% expense ratio, which is higher than HXH.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%.
Dividends
HSAV.TO vs. HXH.TO - Dividend Comparison
Neither HSAV.TO nor HXH.TO has paid dividends to shareholders.
Frequently Asked Questions
HSAV.TO and HXH.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXH.TO is cheaper with a 0.11% expense ratio, compared with 0.18% for HSAV.TO.
HSAV.TO is categorized as Money Market, while HXH.TO is Canada Equities. Their fees differ too: 0.18% for HSAV.TO and 0.11% for HXH.TO.
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