POW.TO vs. HSAV.TO

Last updated Jun 4, 2026

POW.TO (Power Corporation of Canada) is a stock, while HSAV.TO (Global X Cash Maximizer Corporate Class ETF) is Bank Loan fund actively managed by Global X. Over the past 5 years, POW.TO returned 21.72%/yr vs 3.20%/yr for HSAV.TO. At a 0.02 correlation, their price movements are largely independent.

Performance

POW.TO vs. HSAV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Power Corporation of Canada (POW.TO) and Global X Cash Maximizer Corporate Class ETF (HSAV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POW.TO achieves a 14.49% return, which is significantly higher than HSAV.TO's 1.04% return.

POW.TO

• 1D: -1.45%
• 1M: 9.18%
• YTD: 14.49%
• 6M: 20.06%
• 1Y: 66.43%
• 3Y*: 39.60%
• 5Y*: 21.72%
• 10Y*: 17.18%

HSAV.TO

• 1D: -0.03%
• 1M: 0.15%
• YTD: 1.04%
• 6M: 1.55%
• 1Y: 2.70%
• 3Y*: 3.71%
• 5Y*: 3.20%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

POW.TO vs. HSAV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
POW.TO Power Corporation of Canada	14.49%	69.74%	25.05%	26.19%	-19.21%	49.93%	-7.49%
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 POW.TO and HSAV.TO is -0.04, 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	-0.04
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 7, 2020	0.02

Return for Risk

POW.TO vs. HSAV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

POW.TO

POW.TO Risk / Return Rank: 94
POW.TO Sharpe Ratio Rank: 96
POW.TO Sortino Ratio Rank: 95
POW.TO Omega Ratio Rank: 95
POW.TO Calmar Ratio Rank: 90
POW.TO Martin Ratio Rank: 92

HSAV.TO

HSAV.TO Risk / Return Rank: 66
HSAV.TO Sharpe Ratio Rank: 56
HSAV.TO Sortino Ratio Rank: 61
HSAV.TO Omega Ratio Rank: 59
HSAV.TO Calmar Ratio Rank: 84
HSAV.TO Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

POW.TO vs. HSAV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Power Corporation of Canada (POW.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.

	POW.TO	HSAV.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.61	1.96	+1.65
Sortino ratio: Return per unit of downside risk	4.26	2.93	+1.32
Omega ratio: Gain probability vs. loss probability	1.58	1.37	+0.21
Calmar ratio: Return relative to maximum drawdown	4.66	4.58	+0.08
Martin ratio: Return relative to average drawdown	14.18	12.46	+1.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

POW.TO vs. HSAV.TO - Sharpe Ratio Comparison

The current POW.TO Sharpe Ratio is 3.61, which is higher than the HSAV.TO Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of POW.TO and HSAV.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	POW.TO	HSAV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.61	1.96	+1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.28	1.82	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	1.72	-1.20

Drawdowns

POW.TO vs. HSAV.TO - Drawdown Comparison

The maximum POW.TO drawdown since its inception was -62.40%, 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 POW.TO and HSAV.TO.

Drawdown Indicators

	POW.TO	HSAV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-62.40%	-2.18%	-60.22%
Max Drawdown (1Y) Largest decline over 1 year	-14.33%	-0.59%	-13.74%
Max Drawdown (3Y) Largest decline over 3 years	-15.10%	-1.06%	-14.04%
Max Drawdown (5Y) Largest decline over 5 years	-26.09%	-2.18%	-23.91%
Max Drawdown (10Y) Largest decline over 10 years	-49.16%	—	—
Current Drawdown Current decline from peak	-1.45%	-0.18%	-1.27%
Average Drawdown Average peak-to-trough decline	-11.60%	-0.19%	-11.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.70%	0.22%	+4.48%

Volatility

POW.TO vs. HSAV.TO - Volatility Comparison

Power Corporation of Canada (POW.TO) has a higher volatility of 6.02% compared to Global X Cash Maximizer Corporate Class ETF (HSAV.TO) at 0.48%. This indicates that POW.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.

Volatility by Period

	POW.TO	HSAV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	0.48%	+5.54%
Volatility (6M) Calculated over the trailing 6-month period	15.24%	1.05%	+14.19%
Volatility (1Y) Calculated over the trailing 1-year period	18.53%	1.39%	+17.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.04%	1.77%	+15.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.20%	1.58%	+21.62%

Dividends

POW.TO vs. HSAV.TO - Dividend Comparison

POW.TO's dividend yield for the trailing twelve months is around 3.03%, while HSAV.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSAV.TO Global X Cash Maximizer Corporate Class ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
POW.TO Power Corporation of Canada	3.03%	3.36%	5.02%	5.54%	6.22%	4.40%	7.51%	4.77%	6.13%	4.36%	4.38%	4.23%

Frequently Asked Questions

Can I hold both POW.TO and HSAV.TO in my portfolio?

POW.TO and HSAV.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.