HYXF vs. CASH.TO
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while CASH.TO is a Money Market fund actively managed by Global X. HYXF is passively managed, while CASH.TO is actively managed. Over the past 3 years, HYXF returned 8.51%/yr vs 2.07%/yr for CASH.TO. At a correlation of -0.00, they often move in opposite directions. HYXF charges 0.35%/yr vs 0.11%/yr for CASH.TO.
Performance
HYXF vs. CASH.TO - Performance Comparison
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Different Trading Currencies
HYXF is traded in USD, while CASH.TO is traded in CAD. To make them comparable, the CASH.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HYXF achieves a 1.06% return, which is significantly higher than CASH.TO's -1.09% return.
HYXF
- 1D
- -0.05%
- 1M
- 0.47%
- YTD
- 1.06%
- 6M
- 1.78%
- 1Y
- 5.83%
- 3Y*
- 8.51%
- 5Y*
- 3.61%
- 10Y*
- —
CASH.TO
- 1D
- -0.16%
- 1M
- -1.73%
- YTD
- -1.09%
- 6M
- -0.39%
- 1Y
- -0.52%
- 3Y*
- 2.07%
- 5Y*
- —
- 10Y*
- —
HYXF vs. CASH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.06% | 8.88% | 8.35% | 11.87% | -11.90% | 0.93% |
CASH.TO Global X High Interest Savings ETF | -1.09% | 7.36% | -3.63% | 7.67% | -3.72% | -2.56% |
Correlation
The correlation between HYXF and CASH.TO is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | -0.00 |
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Return for Risk
HYXF vs. CASH.TO — Risk / Return Rank
HYXF
CASH.TO
HYXF vs. CASH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) 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.
| HYXF | CASH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.00 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 0.00 | +2.26 |
| Martin ratioReturn relative to average drawdown | 10.11 | 0.01 | +10.10 |
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Drawdowns
HYXF vs. CASH.TO - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, which is greater than CASH.TO's maximum drawdown of -9.29%. Use the drawdown chart below to compare losses from any high point for HYXF and CASH.TO.
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Drawdown Indicators
| HYXF | CASH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -9.29% | -9.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -3.03% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -7.69% | +2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -2.71% | +2.58% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -2.80% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 1.57% | -1.00% |
Volatility
HYXF vs. CASH.TO - Volatility Comparison
iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) has a higher volatility of 1.26% compared to Global X High Interest Savings ETF (CASH.TO) at 0.76%. This indicates that HYXF'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
| HYXF | CASH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 0.76% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 3.22% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 4.41% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 6.24% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 6.24% | +2.07% |
HYXF vs. CASH.TO - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is higher than CASH.TO's 0.11% expense ratio.
Dividends
HYXF vs. CASH.TO - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.09%, more than CASH.TO's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 2.19% | 2.53% | 4.37% | 5.05% | 2.30% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.09% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
Frequently Asked Questions
HYXF and CASH.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CASH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CASH.TO is cheaper with a 0.11% expense ratio, compared with 0.35% for HYXF.
HYXF is categorized as High Yield Bonds, while CASH.TO is Money Market. They also come from different issuers: iShares and Global X. Their fees differ too: 0.35% for HYXF and 0.11% for CASH.TO.
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