HXS.TO vs. HSAV.TO
HXS.TO (Global X S&P 500 Index Corporate Class ETF) and HSAV.TO (Global X Cash Maximizer Corporate Class ETF) are both exchange-traded funds - HXS.TO is a S&P 500 fund tracking the S&P 500 Index, while HSAV.TO is a Bank Loan fund actively managed by Global X. HXS.TO is passively managed, while HSAV.TO is actively managed. Over the past 5 years, HXS.TO returned 16.64%/yr vs 3.20%/yr for HSAV.TO. At a 0.03 correlation, their price movements are largely independent. HXS.TO charges 0.10%/yr vs 0.18%/yr for HSAV.TO.
Performance
HXS.TO vs. HSAV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXS.TO achieves a 11.99% return, which is significantly higher than HSAV.TO's 1.04% return.
HXS.TO
- 1D
- -0.27%
- 1M
- 7.20%
- YTD
- 11.99%
- 6M
- 10.17%
- 1Y
- 29.00%
- 3Y*
- 23.29%
- 5Y*
- 16.64%
- 10Y*
- 15.90%
HSAV.TO
- 1D
- -0.03%
- 1M
- 0.15%
- YTD
- 1.04%
- 6M
- 1.55%
- 1Y
- 2.70%
- 3Y*
- 3.71%
- 5Y*
- 3.20%
- 10Y*
- —
HXS.TO vs. HSAV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HXS.TO Global X S&P 500 Index Corporate Class ETF | 11.99% | 11.93% | 34.98% | 23.22% | -12.72% | 27.30% | 8.91% |
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 1.04% | 2.58% | 4.24% | 5.04% | 2.79% | 0.66% | 0.74% |
Correlation
The correlation between HXS.TO and HSAV.TO is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2020 | 0.03 |
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Return for Risk
HXS.TO vs. HSAV.TO — Risk / Return Rank
HXS.TO
HSAV.TO
HXS.TO vs. HSAV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Index Corporate Class ETF (HXS.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.
| HXS.TO | HSAV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 4.58 | -1.25 |
| Martin ratioReturn relative to average drawdown | 12.62 | 12.46 | +0.16 |
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
| HXS.TO | HSAV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 1.96 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 1.82 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 1.72 | -0.70 |
Drawdowns
HXS.TO vs. HSAV.TO - Drawdown Comparison
The maximum HXS.TO drawdown since its inception was -27.42%, 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 HXS.TO and HSAV.TO.
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Drawdown Indicators
| HXS.TO | HSAV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.42% | -2.18% | -25.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -0.59% | -8.15% |
Max Drawdown (3Y)Largest decline over 3 years | -18.98% | -1.06% | -17.92% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -2.18% | -20.45% |
Max Drawdown (10Y)Largest decline over 10 years | -27.42% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.18% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -0.19% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 0.22% | +2.08% |
Volatility
HXS.TO vs. HSAV.TO - Volatility Comparison
Global X S&P 500 Index Corporate Class ETF (HXS.TO) has a higher volatility of 3.27% compared to Global X Cash Maximizer Corporate Class ETF (HSAV.TO) at 0.48%. This indicates that HXS.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
| HXS.TO | HSAV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 0.48% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 1.05% | +7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.85% | 1.39% | +10.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 1.77% | +13.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 1.58% | +14.95% |
HXS.TO vs. HSAV.TO - Expense Ratio Comparison
HXS.TO has a 0.10% expense ratio, which is lower than HSAV.TO's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HXS.TO vs. HSAV.TO - Dividend Comparison
Neither HXS.TO nor HSAV.TO has paid dividends to shareholders.
Frequently Asked Questions
HXS.TO and HSAV.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXS.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXS.TO is cheaper with a 0.10% expense ratio, compared with 0.18% for HSAV.TO.
HXS.TO is categorized as S&P 500, while HSAV.TO is Bank Loan. Their fees differ too: 0.10% for HXS.TO and 0.18% for HSAV.TO.
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