HSUV-U.TO vs. UCSH-U.TO

Last updated Jul 16, 2026

HSUV-U.TO (Global X USD Cash Maximizer Corporate Class ETF) and UCSH-U.TO (Global X USD High Interest Savings ETF) are both Money Market funds from Global X. Both are actively managed. Over the past year, HSUV-U.TO returned 3.46% vs 3.66% for UCSH-U.TO. At a 0.05 correlation, their price movements are largely independent.

Performance

HSUV-U.TO vs. UCSH-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 Global X USD High Interest Savings ETF (UCSH-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 1.60% return, which is significantly lower than UCSH-U.TO's 1.76% return.

HSUV-U.TO

• 1D: -0.05%
• 1M: -0.01%
• 6M: 1.65%
• YTD: 1.60%
• 1Y: 3.46%
• 3Y*: 4.40%
• 5Y*: 3.60%
• 10Y*: —

UCSH-U.TO

• 1D: 0.00%
• 1M: 0.27%
• 6M: 1.68%
• YTD: 1.76%
• 1Y: 3.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
HSUV-U.TO Global X USD Cash Maximizer Corporate Class ETF	1.60%	4.04%	4.48%
UCSH-U.TO Global X USD High Interest Savings ETF	1.76%	4.16%	4.73%

Correlation

The correlation between HSUV-U.TO and UCSH-U.TO is 0.01, 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	0.01
Correlation (All Time) Calculated using the full available price history since Jan 24, 2024	0.05

Return for Risk

HSUV-U.TO vs. UCSH-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: 96
HSUV-U.TO Sharpe Ratio Rank: 94
HSUV-U.TO Sortino Ratio Rank: 94
HSUV-U.TO Omega Ratio Rank: 95
HSUV-U.TO Calmar Ratio Rank: 98
HSUV-U.TO Martin Ratio Rank: 97

UCSH-U.TO

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

HSUV-U.TO vs. UCSH-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 Global X USD High Interest Savings ETF (UCSH-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.

	HSUV-U.TO	UCSH-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.75	12.37	-9.62
Sortino ratio: Return per unit of downside risk	4.04	42.46	-38.43
Omega ratio: Gain probability vs. loss probability	1.62	12.24	-10.62
Calmar ratio: Return relative to maximum drawdown	9.66	91.84	-82.18
Martin ratio: Return relative to average drawdown	30.53	635.32	-604.79

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

The current HSUV-U.TO Sharpe Ratio is 2.75, which is lower than the UCSH-U.TO Sharpe Ratio of 12.37. The chart below compares the historical Sharpe Ratios of HSUV-U.TO and UCSH-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

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

The maximum HSUV-U.TO drawdown since its inception was -0.52%, which is greater than UCSH-U.TO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for HSUV-U.TO and UCSH-U.TO.

Drawdown Indicators

	HSUV-U.TO	UCSH-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.52%	-0.04%	-0.48%
Max Drawdown (1Y) Largest decline over 1 year	-0.36%	-0.04%	-0.32%
Max Drawdown (3Y) Largest decline over 3 years	-0.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-0.52%	—	—
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.04%	-0.00%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.11%	0.01%	+0.10%

Volatility

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

Global X USD Cash Maximizer Corporate Class ETF (HSUV-U.TO) has a higher volatility of 0.57% compared to Global X USD High Interest Savings ETF (UCSH-U.TO) at 0.08%. This indicates that HSUV-U.TO's price experiences larger fluctuations and is considered to be riskier than UCSH-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSUV-U.TO	UCSH-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	0.08%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	0.93%	0.20%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	1.26%	0.30%	+0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.00%	0.31%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.91%	0.31%	+0.60%

Dividends

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

HSUV-U.TO has not paid dividends to shareholders, while UCSH-U.TO's dividend yield for the trailing twelve months is around 3.65%.

Position	TTM	2025	2024
HSUV-U.TO Global X USD Cash Maximizer Corporate Class ETF	0.00%	0.00%	0.00%
UCSH-U.TO Global X USD High Interest Savings ETF	3.65%	4.04%	4.71%

Frequently Asked Questions

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

HSUV-U.TO and UCSH-U.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.