HUC.TO vs. HSAV.TO
HUC.TO (Global X Crude Oil ETF) and HSAV.TO (Global X Cash Maximizer Corporate Class ETF) are both exchange-traded funds - HUC.TO is a Commodities fund tracking the Solactive Light Sweet Crude Oil Winter MD Rolling Futures Index ER, while HSAV.TO is a Bank Loan fund actively managed by Global X. HUC.TO is passively managed, while HSAV.TO is actively managed. Over the past 5 years, HUC.TO returned 13.32%/yr vs 3.20%/yr for HSAV.TO. At a correlation of -0.05, they often move in opposite directions. HUC.TO charges 1.09%/yr vs 0.18%/yr for HSAV.TO.
Performance
HUC.TO vs. HSAV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HUC.TO achieves a 45.00% return, which is significantly higher than HSAV.TO's 1.05% return.
HUC.TO
- 1D
- 1.46%
- 1M
- -1.28%
- YTD
- 45.00%
- 6M
- 41.59%
- 1Y
- 40.27%
- 3Y*
- 12.31%
- 5Y*
- 13.32%
- 10Y*
- 8.61%
HSAV.TO
- 1D
- 0.01%
- 1M
- 0.03%
- YTD
- 1.05%
- 6M
- 1.42%
- 1Y
- 2.74%
- 3Y*
- 3.71%
- 5Y*
- 3.20%
- 10Y*
- —
HUC.TO vs. HSAV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HUC.TO Global X Crude Oil ETF | 45.00% | -13.63% | 7.23% | -2.89% | 26.25% | 57.81% | -13.44% |
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 1.05% | 2.58% | 4.24% | 5.04% | 2.79% | 0.66% | 0.74% |
Correlation
The correlation between HUC.TO and HSAV.TO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2020 | -0.05 |
The correlation between HUC.TO and HSAV.TO shifts across timeframes, from -0.11 (1 year) to -0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HUC.TO vs. HSAV.TO — Risk / Return Rank
HUC.TO
HSAV.TO
HUC.TO vs. HSAV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Crude Oil ETF (HUC.TO) and Global X Cash Maximizer Corporate Class ETF (HSAV.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.
| HUC.TO | HSAV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.38 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 4.64 | -2.15 |
| Martin ratioReturn relative to average drawdown | 4.94 | 12.61 | -7.67 |
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
| HUC.TO | HSAV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.98 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 1.82 | -1.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 1.72 | -1.58 |
Drawdowns
HUC.TO vs. HSAV.TO - Drawdown Comparison
The maximum HUC.TO drawdown since its inception was -76.99%, which is greater than HSAV.TO's maximum drawdown of -2.18%. Use the drawdown chart below to compare losses from any high point for HUC.TO and HSAV.TO.
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Drawdown Indicators
| HUC.TO | HSAV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.99% | -2.18% | -74.81% |
Max Drawdown (1Y)Largest decline over 1 year | -16.20% | -0.59% | -15.61% |
Max Drawdown (3Y)Largest decline over 3 years | -23.83% | -1.06% | -22.77% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -2.18% | -28.65% |
Max Drawdown (10Y)Largest decline over 10 years | -61.56% | — | — |
Current DrawdownCurrent decline from peak | -2.80% | -0.17% | -2.63% |
Average DrawdownAverage peak-to-trough decline | -34.61% | -0.19% | -34.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.17% | 0.22% | +7.95% |
Volatility
HUC.TO vs. HSAV.TO - Volatility Comparison
Global X Crude Oil ETF (HUC.TO) has a higher volatility of 11.26% compared to Global X Cash Maximizer Corporate Class ETF (HSAV.TO) at 0.46%. This indicates that HUC.TO's price experiences larger fluctuations and is considered to be riskier than HSAV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUC.TO | HSAV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.26% | 0.46% | +10.80% |
Volatility (6M)Calculated over the trailing 6-month period | 21.17% | 1.05% | +20.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.36% | 1.39% | +23.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.85% | 1.77% | +26.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.04% | 1.58% | +27.46% |
HUC.TO vs. HSAV.TO - Expense Ratio Comparison
HUC.TO has a 1.09% expense ratio, which is higher than HSAV.TO's 0.18% expense ratio.
Dividends
HUC.TO vs. HSAV.TO - Dividend Comparison
Neither HUC.TO nor HSAV.TO has paid dividends to shareholders.
Frequently Asked Questions
HUC.TO and HSAV.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSAV.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSAV.TO is cheaper with a 0.18% expense ratio, compared with 1.09% for HUC.TO.
HUC.TO is categorized as Commodities, while HSAV.TO is Bank Loan. Their fees differ too: 1.09% for HUC.TO and 0.18% for HSAV.TO.
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