HSAV.TO vs. TSTX-U.TO
HSAV.TO (Global X Cash Maximizer Corporate Class ETF) and TSTX-U.TO (Global X 1-3 Year U.S. Treasury Bond Index ETF) are both exchange-traded funds - HSAV.TO is a Bank Loan fund actively managed by Global X, while TSTX-U.TO is a Short-Term Bond fund tracking the ICE U.S. Treasury 1-3 Year Bond Index. HSAV.TO is actively managed, while TSTX-U.TO is passively managed. At a correlation of -0.05, they often move in opposite directions. HSAV.TO charges 0.18%/yr vs 0.15%/yr for TSTX-U.TO.
Performance
HSAV.TO vs. TSTX-U.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 higher than TSTX-U.TO's 0.15% 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*
- —
TSTX-U.TO
- 1D
- -0.06%
- 1M
- 0.01%
- YTD
- 0.15%
- 6M
- 0.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HSAV.TO vs. TSTX-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 1.04% | 0.64% |
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF | 0.15% | 1.20% |
Correlation
The correlation between HSAV.TO and TSTX-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 (All Time) Calculated using the full available price history since Oct 9, 2025 | -0.05 |
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Return for Risk
HSAV.TO vs. TSTX-U.TO — Risk / Return Rank
HSAV.TO
TSTX-U.TO
HSAV.TO vs. TSTX-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 Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-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.
| HSAV.TO | TSTX-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | — | — |
| Martin ratioReturn relative to average drawdown | 12.46 | — | — |
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 | TSTX-U.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.72 | 1.25 | +0.47 |
Drawdowns
HSAV.TO vs. TSTX-U.TO - Drawdown Comparison
The maximum HSAV.TO drawdown since its inception was -2.18%, which is greater than TSTX-U.TO's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for HSAV.TO and TSTX-U.TO.
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Drawdown Indicators
| HSAV.TO | TSTX-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.18% | -0.90% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -0.59% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -2.18% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -0.43% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.25% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | — | — |
Volatility
HSAV.TO vs. TSTX-U.TO - Volatility Comparison
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Volatility by Period
| HSAV.TO | TSTX-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 1.69% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 1.69% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 1.69% | -0.11% |
HSAV.TO vs. TSTX-U.TO - Expense Ratio Comparison
HSAV.TO has a 0.18% expense ratio, which is higher than TSTX-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. TSTX-U.TO - Dividend Comparison
HSAV.TO has not paid dividends to shareholders, while TSTX-U.TO's dividend yield for the trailing twelve months is around 2.33%.
| Position | TTM | 2025 |
|---|---|---|
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 0.00% | 0.00% |
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF | 2.33% | 0.84% |
Frequently Asked Questions
HSAV.TO and TSTX-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.
On fees, TSTX-U.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSTX-U.TO is cheaper with a 0.15% expense ratio, compared with 0.18% for HSAV.TO.
HSAV.TO is categorized as Bank Loan, while TSTX-U.TO is Short-Term Bond. Their fees differ too: 0.18% for HSAV.TO and 0.15% for TSTX-U.TO.
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