HSAV.TO vs. SGOV
Compare and contrast key facts about Global X Cash Maximizer Corporate Class ETF (HSAV.TO) and iShares 0-3 Month Treasury Bond ETF (SGOV).
HSAV.TO and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020.
Performance
HSAV.TO vs. SGOV - Performance Comparison
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HSAV.TO vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 1.13% | 2.58% | 4.24% | 5.04% | 2.79% | 0.66% | 0.39% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.22% | -0.54% | 14.32% | 2.80% | 8.82% | -0.86% | -7.25% |
Different Trading Currencies
HSAV.TO is traded in CAD, while SGOV is traded in USD. To make them comparable, the SGOV 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 1.13% return, which is significantly lower than SGOV's 2.22% 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*
- —
SGOV
- 1D
- -0.11%
- 1M
- 2.27%
- YTD
- 2.22%
- 6M
- 1.79%
- 1Y
- 0.60%
- 3Y*
- 5.79%
- 5Y*
- 5.56%
- 10Y*
- —
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HSAV.TO vs. SGOV - Expense Ratio Comparison
HSAV.TO has a 0.18% expense ratio, which is higher than SGOV'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%.
Return for Risk
HSAV.TO vs. SGOV — Risk / Return Rank
HSAV.TO
SGOV
HSAV.TO vs. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.28 | 0.11 | +2.17 |
Sortino ratioReturn per unit of downside risk | 3.43 | 0.19 | +3.24 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.02 | +0.42 |
Calmar ratioReturn relative to maximum drawdown | 5.23 | 0.23 | +4.99 |
Martin ratioReturn relative to average drawdown | 14.33 | 0.45 | +13.88 |
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 | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 0.11 | +2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.87 | 0.87 | +1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.48 | +1.29 |
Correlation
The correlation between HSAV.TO and SGOV is 0.02, 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. SGOV - Dividend Comparison
HSAV.TO has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.99%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.99% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
HSAV.TO vs. SGOV - Drawdown Comparison
The maximum HSAV.TO drawdown since its inception was -2.18%, smaller than the maximum SGOV drawdown of -12.53%. Use the drawdown chart below to compare losses from any high point for HSAV.TO and SGOV.
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Drawdown Indicators
| HSAV.TO | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.18% | -0.03% | -2.15% |
Max Drawdown (1Y)Largest decline over 1 year | -0.59% | -0.01% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -2.18% | -0.03% | -2.15% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.19% | 0.00% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.00% | +0.22% |
Volatility
HSAV.TO vs. SGOV - Volatility Comparison
The current volatility for Global X Cash Maximizer Corporate Class ETF (HSAV.TO) is 0.49%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 1.38%. This indicates that HSAV.TO experiences smaller price fluctuations and is considered to be less risky than SGOV 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 | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.38% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 3.44% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 5.38% | -4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 6.42% | -4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 6.46% | -4.88% |