HTB.TO vs. CASH.TO
HTB.TO (Global X US 7-10 Year Treasury Bond Index Corporate Class ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - HTB.TO is a Government Bonds fund actively managed by Global X, while CASH.TO is a Money Market fund actively managed by Global X. Both are actively managed. Over the past 3 years, HTB.TO returned 4.68%/yr vs 3.50%/yr for CASH.TO. At a correlation of -0.01, they often move in opposite directions.
Performance
HTB.TO vs. CASH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HTB.TO achieves a 1.68% return, which is significantly higher than CASH.TO's 1.08% return.
HTB.TO
- 1D
- 0.08%
- 1M
- 0.03%
- 6M
- 0.05%
- YTD
- 1.68%
- 1Y
- 6.05%
- 3Y*
- 4.68%
- 5Y*
- 0.54%
- 10Y*
- 1.13%
CASH.TO
- 1D
- 0.00%
- 1M
- 0.17%
- 6M
- 1.02%
- YTD
- 1.08%
- 1Y
- 2.18%
- 3Y*
- 3.50%
- 5Y*
- —
- 10Y*
- —
HTB.TO vs. CASH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HTB.TO Global X US 7-10 Year Treasury Bond Index Corporate Class ETF | 1.68% | 2.71% | 8.07% | 0.76% | -9.56% | 3.70% |
CASH.TO Global X High Interest Savings ETF | 1.08% | 2.45% | 4.53% | 5.11% | 2.38% | 0.08% |
Correlation
The correlation between HTB.TO and CASH.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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | -0.01 |
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Return for Risk
HTB.TO vs. CASH.TO — Risk / Return Rank
HTB.TO
CASH.TO
HTB.TO vs. CASH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.TO) and Global X High Interest Savings ETF (CASH.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.
| HTB.TO | CASH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.40 | ||
| Sortino ratioReturn per unit of downside risk | -23.90 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 6.84 | -5.66 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 109.63 | -108.50 |
| Martin ratioReturn relative to average drawdown | 2.34 | 377.06 | -374.73 |
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Drawdowns
HTB.TO vs. CASH.TO - Drawdown Comparison
The maximum HTB.TO drawdown since its inception was -26.11%, which is greater than CASH.TO's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for HTB.TO and CASH.TO.
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Drawdown Indicators
| HTB.TO | CASH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.11% | -0.80% | -25.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -0.02% | -5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -7.11% | -0.06% | -7.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.11% | — | — |
Current DrawdownCurrent decline from peak | -11.91% | 0.00% | -11.91% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -0.00% | -12.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 0.01% | +2.58% |
Volatility
HTB.TO vs. CASH.TO - Volatility Comparison
Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.TO) has a higher volatility of 2.00% compared to Global X High Interest Savings ETF (CASH.TO) at 0.06%. This indicates that HTB.TO's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTB.TO | CASH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 0.06% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 0.15% | +4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 0.23% | +5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.35% | 0.61% | +8.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 0.61% | +8.77% |
Dividends
HTB.TO vs. CASH.TO - Dividend Comparison
HTB.TO has not paid dividends to shareholders, while CASH.TO's dividend yield for the trailing twelve months is around 2.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 2.12% | 2.53% | 4.37% | 5.05% | 2.30% | 0.10% |
HTB.TO Global X US 7-10 Year Treasury Bond Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HTB.TO and CASH.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.
HTB.TO is categorized as Government Bonds, while CASH.TO is Money Market.
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