NRGD.TO vs. HSAV.TO
NRGD.TO (BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF) and HSAV.TO (Global X Cash Maximizer Corporate Class ETF) are both exchange-traded funds - NRGD.TO is a Inverse Equities fund actively managed by Global X, while HSAV.TO is a Money Market fund actively managed by Global X. Both are actively managed. Over the past 5 years, NRGD.TO returned -47.73%/yr vs 3.18%/yr for HSAV.TO. At a 0.00 correlation, their price movements are largely independent.
Performance
NRGD.TO vs. HSAV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NRGD.TO achieves a -42.79% return, which is significantly lower than HSAV.TO's 0.97% return.
NRGD.TO
- 1D
- 0.67%
- 1M
- 15.82%
- YTD
- -42.79%
- 6M
- -42.42%
- 1Y
- -58.41%
- 3Y*
- -39.90%
- 5Y*
- -47.73%
- 10Y*
- -39.76%
HSAV.TO
- 1D
- 0.02%
- 1M
- -0.17%
- YTD
- 0.97%
- 6M
- 1.04%
- 1Y
- 2.42%
- 3Y*
- 3.52%
- 5Y*
- 3.18%
- 10Y*
- —
NRGD.TO vs. HSAV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NRGD.TO BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF | -42.79% | -37.02% | -26.44% | -13.09% | -71.68% | -79.40% | -53.97% |
HSAV.TO Global X Cash Maximizer Corporate Class ETF | 0.97% | 2.58% | 4.24% | 5.04% | 2.79% | 0.66% | 0.71% |
Correlation
The correlation between NRGD.TO and HSAV.TO is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2020 | 0.00 |
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Return for Risk
NRGD.TO vs. HSAV.TO — Risk / Return Rank
NRGD.TO
HSAV.TO
NRGD.TO vs. HSAV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF (NRGD.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.
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.
| NRGD.TO | HSAV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -4.90 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.32 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 4.10 | -4.93 |
| Martin ratioReturn relative to average drawdown | -1.38 | 10.77 | -12.15 |
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Drawdowns
NRGD.TO vs. HSAV.TO - Drawdown Comparison
The maximum NRGD.TO drawdown since its inception was -99.97%, 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 NRGD.TO and HSAV.TO.
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Drawdown Indicators
| NRGD.TO | HSAV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -2.18% | -97.79% |
Max Drawdown (1Y)Largest decline over 1 year | -70.42% | -0.59% | -69.83% |
Max Drawdown (3Y)Largest decline over 3 years | -85.00% | -1.06% | -83.94% |
Max Drawdown (5Y)Largest decline over 5 years | -98.12% | -2.18% | -95.94% |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.95% | -0.24% | -99.71% |
Average DrawdownAverage peak-to-trough decline | -87.60% | -0.19% | -87.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.26% | 0.22% | +42.04% |
Volatility
NRGD.TO vs. HSAV.TO - Volatility Comparison
BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF (NRGD.TO) has a higher volatility of 16.23% compared to Global X Cash Maximizer Corporate Class ETF (HSAV.TO) at 0.26%. This indicates that NRGD.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
| NRGD.TO | HSAV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.23% | 0.26% | +15.97% |
Volatility (6M)Calculated over the trailing 6-month period | 39.50% | 1.02% | +38.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.97% | 1.39% | +45.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.37% | 1.77% | +55.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.11% | 1.57% | +65.54% |
Dividends
NRGD.TO vs. HSAV.TO - Dividend Comparison
Neither NRGD.TO nor HSAV.TO has paid dividends to shareholders.
Frequently Asked Questions
NRGD.TO and HSAV.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGD.TO is categorized as Inverse Equities, while HSAV.TO is Money Market.
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