PSU-U.TO vs. HSAV.TO
PSU-U.TO (Purpose US Cash Fund) and HSAV.TO (Global X Cash Maximizer Corporate Class ETF) are both Money Market funds. Both are actively managed. Over the past 5 years, PSU-U.TO returned 3.65%/yr vs 0.31%/yr for HSAV.TO. At a 0.03 correlation, their price movements are largely independent. PSU-U.TO charges 0.17%/yr vs 0.18%/yr for HSAV.TO.
Performance
PSU-U.TO vs. HSAV.TO - Performance Comparison
Loading charts...
Different Trading Currencies
PSU-U.TO is traded in USD, while HSAV.TO is traded in CAD. To make them comparable, the HSAV.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PSU-U.TO achieves a 1.64% return, which is significantly higher than HSAV.TO's -2.41% return.
PSU-U.TO
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.64%
- 6M
- 1.66%
- 1Y
- 3.75%
- 3Y*
- 4.62%
- 5Y*
- 3.65%
- 10Y*
- 2.22%
HSAV.TO
- 1D
- 0.10%
- 1M
- -2.92%
- YTD
- -2.41%
- 6M
- -1.81%
- 1Y
- -0.66%
- 3Y*
- 0.92%
- 5Y*
- 0.31%
- 10Y*
- —
PSU-U.TO vs. HSAV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PSU-U.TO Purpose US Cash Fund | 1.64% | 4.16% | 5.09% | 5.34% | 1.95% | 0.26% | 0.36% |
HSAV.TO Global X Cash Maximizer Corporate Class ETF | -2.41% | 7.48% | -3.90% | 7.60% | -3.34% | 0.71% | 5.18% |
Correlation
The correlation between PSU-U.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 | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2020 | 0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PSU-U.TO vs. HSAV.TO — Risk / Return Rank
PSU-U.TO
HSAV.TO
PSU-U.TO vs. HSAV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose US Cash Fund (PSU-U.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.
| PSU-U.TO | HSAV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +18.08 | ||
| Sortino ratioReturn per unit of downside risk | +87.20 | ||
| Omega ratioGain probability vs. loss probability | 43.31 | 0.98 | +42.33 |
| Calmar ratioReturn relative to maximum drawdown | 81.83 | -0.15 | +81.98 |
| Martin ratioReturn relative to average drawdown | 739.89 | -0.41 | +740.31 |
Loading charts...
Drawdowns
PSU-U.TO vs. HSAV.TO - Drawdown Comparison
The maximum PSU-U.TO drawdown since its inception was -0.16%, smaller than the maximum HSAV.TO drawdown of -11.39%. Use the drawdown chart below to compare losses from any high point for PSU-U.TO and HSAV.TO.
Loading charts...
Drawdown Indicators
| PSU-U.TO | HSAV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.16% | -11.39% | +11.23% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -4.32% | +4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -0.05% | -7.52% | +7.47% |
Max Drawdown (5Y)Largest decline over 5 years | -0.06% | -9.55% | +9.49% |
Max Drawdown (10Y)Largest decline over 10 years | -0.16% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.22% | +4.22% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -3.39% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.59% | -1.58% |
Volatility
PSU-U.TO vs. HSAV.TO - Volatility Comparison
The current volatility for Purpose US Cash Fund (PSU-U.TO) is 0.04%, while Global X Cash Maximizer Corporate Class ETF (HSAV.TO) has a volatility of 1.16%. This indicates that PSU-U.TO experiences smaller price fluctuations and is considered to be less risky than HSAV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PSU-U.TO | HSAV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 1.16% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.15% | 3.41% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.21% | 4.52% | -4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 6.58% | -6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 6.87% | -6.61% |
PSU-U.TO vs. HSAV.TO - Expense Ratio Comparison
PSU-U.TO has a 0.17% 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
PSU-U.TO vs. HSAV.TO - Dividend Comparison
PSU-U.TO's dividend yield for the trailing twelve months is around 3.72%, while HSAV.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
PSU-U.TO Purpose US Cash Fund | 3.72% | 4.04% | 5.01% | 5.22% | 1.89% | 0.26% | 0.55% | 2.26% | 1.09% |
Frequently Asked Questions
PSU-U.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.
On fees, PSU-U.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSU-U.TO is cheaper with a 0.17% expense ratio, compared with 0.18% for HSAV.TO.
They also come from different issuers: Purpose Investments and Global X. Their fees differ too: 0.17% for PSU-U.TO and 0.18% for HSAV.TO.
Find the right allocation for PSU-U.TO and HSAV.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer