HSUV-U.TO vs. PSU-U.TO

Last updated Jun 5, 2026

HSUV-U.TO (Global X USD Cash Maximizer Corporate Class ETF) and PSU-U.TO (Purpose US Cash Fund) are both Money Market funds. Both are actively managed. Over the past 5 years, HSUV-U.TO returned 3.58%/yr vs 2.67%/yr for PSU-U.TO. At a 0.20 correlation, their price movements are largely independent. HSUV-U.TO charges 0.18%/yr vs 0.17%/yr for PSU-U.TO.

Performance

HSUV-U.TO vs. PSU-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X USD Cash Maximizer Corporate Class ETF (HSUV-U.TO) and Purpose US Cash Fund (PSU-U.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HSUV-U.TO achieves a 1.49% return, which is significantly higher than PSU-U.TO's 1.06% return.

HSUV-U.TO

• 1D: 0.03%
• 1M: 0.52%
• YTD: 1.49%
• 6M: 1.81%
• 1Y: 3.75%
• 3Y*: 4.59%
• 5Y*: 3.58%
• 10Y*: —

PSU-U.TO

• 1D: 0.00%
• 1M: 0.21%
• YTD: 1.06%
• 6M: 1.21%
• 1Y: 2.73%
• 3Y*: 3.37%
• 5Y*: 2.67%
• 10Y*: —

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

HSUV-U.TO vs. PSU-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HSUV-U.TO Global X USD Cash Maximizer Corporate Class ETF	1.49%	4.04%	4.86%	5.46%	1.94%	0.27%	0.14%
PSU-U.TO Purpose US Cash Fund	1.06%	2.97%	3.67%	3.93%	1.50%	0.29%	0.13%

Correlation

The correlation between HSUV-U.TO and PSU-U.TO is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020	0.20

The correlation between HSUV-U.TO and PSU-U.TO shifts across timeframes, from 0.03 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HSUV-U.TO vs. PSU-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HSUV-U.TO

HSUV-U.TO Risk / Return Rank: 95
HSUV-U.TO Sharpe Ratio Rank: 92
HSUV-U.TO Sortino Ratio Rank: 94
HSUV-U.TO Omega Ratio Rank: 96
HSUV-U.TO Calmar Ratio Rank: 97
HSUV-U.TO Martin Ratio Rank: 96

PSU-U.TO

PSU-U.TO Risk / Return Rank: 99
PSU-U.TO Sharpe Ratio Rank: 99
PSU-U.TO Sortino Ratio Rank: 99
PSU-U.TO Omega Ratio Rank: 99
PSU-U.TO Calmar Ratio Rank: 99
PSU-U.TO Martin Ratio Rank: 99

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.

HSUV-U.TO vs. PSU-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X USD Cash Maximizer Corporate Class ETF (HSUV-U.TO) and Purpose US Cash Fund (PSU-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.

	HSUV-U.TO	PSU-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.25	7.80	-4.55
Sortino ratio: Return per unit of downside risk	4.90	10.96	-6.07
Omega ratio: Gain probability vs. loss probability	1.76	4.08	-2.32
Calmar ratio: Return relative to maximum drawdown	10.98	24.91	-13.93
Martin ratio: Return relative to average drawdown	35.36	105.50	-70.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSUV-U.TO vs. PSU-U.TO - Sharpe Ratio Comparison

The current HSUV-U.TO Sharpe Ratio is 3.25, which is lower than the PSU-U.TO Sharpe Ratio of 7.80. The chart below compares the historical Sharpe Ratios of HSUV-U.TO and PSU-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.

Sharpe Ratios by Period

	HSUV-U.TO	PSU-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.25	7.80	-4.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.75	7.13	-3.38
Sharpe Ratio (All Time) Calculated using the full available price history	3.47	6.13	-2.66

Drawdowns

HSUV-U.TO vs. PSU-U.TO - Drawdown Comparison

The maximum HSUV-U.TO drawdown since its inception was -0.52%, which is greater than PSU-U.TO's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for HSUV-U.TO and PSU-U.TO.

Drawdown Indicators

	HSUV-U.TO	PSU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.52%	-0.12%	-0.40%
Max Drawdown (1Y) Largest decline over 1 year	-0.34%	-0.11%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-0.52%	-0.12%	-0.40%
Max Drawdown (5Y) Largest decline over 5 years	-0.52%	-0.12%	-0.40%
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-0.04%	-0.01%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.11%	0.03%	+0.08%

Volatility

HSUV-U.TO vs. PSU-U.TO - Volatility Comparison

Global X USD Cash Maximizer Corporate Class ETF (HSUV-U.TO) has a higher volatility of 0.48% compared to Purpose US Cash Fund (PSU-U.TO) at 0.10%. This indicates that HSUV-U.TO's price experiences larger fluctuations and is considered to be riskier than PSU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSUV-U.TO	PSU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.48%	0.10%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	0.89%	0.23%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	1.16%	0.35%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.96%	0.37%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.88%	0.33%	+0.55%

HSUV-U.TO vs. PSU-U.TO - Expense Ratio Comparison

HSUV-U.TO has a 0.18% expense ratio, which is higher than PSU-U.TO's 0.17% 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

HSUV-U.TO vs. PSU-U.TO - Dividend Comparison

HSUV-U.TO has not paid dividends to shareholders, while PSU-U.TO's dividend yield for the trailing twelve months is around 2.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HSUV-U.TO Global X USD Cash Maximizer Corporate Class ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSU-U.TO Purpose US Cash Fund	2.70%	2.90%	3.65%	3.87%	1.45%	0.29%	0.41%	1.70%	1.20%

Frequently Asked Questions

Can I hold both HSUV-U.TO and PSU-U.TO in my portfolio?

HSUV-U.TO and PSU-U.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HSUV-U.TO or PSU-U.TO?

On fees, PSU-U.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HSUV-U.TO or PSU-U.TO?

PSU-U.TO is cheaper with a 0.17% expense ratio, compared with 0.18% for HSUV-U.TO.

What is the main difference between HSUV-U.TO and PSU-U.TO?

They also come from different issuers: Global X and Purpose Investments. Their fees differ too: 0.18% for HSUV-U.TO and 0.17% for PSU-U.TO.