QDIV vs. CASH.TO
QDIV (Global X S&P 500 Quality Dividend ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - QDIV is a Dividend fund tracking the S&P 500 Quality High Dividend Index, while CASH.TO is a Money Market fund actively managed by Global X. QDIV is passively managed, while CASH.TO is actively managed. Over the past 3 years, QDIV returned 10.02%/yr vs 2.07%/yr for CASH.TO. At a 0.03 correlation, their price movements are largely independent. QDIV charges 0.20%/yr vs 0.11%/yr for CASH.TO.
Performance
QDIV vs. CASH.TO - Performance Comparison
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Different Trading Currencies
QDIV 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, QDIV achieves a 10.74% return, which is significantly higher than CASH.TO's -1.09% return.
QDIV
- 1D
- 0.92%
- 1M
- 4.66%
- YTD
- 10.74%
- 6M
- 9.05%
- 1Y
- 16.21%
- 3Y*
- 10.02%
- 5Y*
- 6.86%
- 10Y*
- —
CASH.TO
- 1D
- -0.16%
- 1M
- -1.63%
- YTD
- -1.09%
- 6M
- -0.39%
- 1Y
- -0.52%
- 3Y*
- 2.07%
- 5Y*
- —
- 10Y*
- —
QDIV vs. CASH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QDIV Global X S&P 500 Quality Dividend ETF | 10.74% | 3.16% | 10.62% | 5.18% | -0.50% | 2.65% |
CASH.TO Global X High Interest Savings ETF | -1.09% | 7.36% | -3.63% | 7.67% | -3.72% | -2.56% |
Correlation
The correlation between QDIV and CASH.TO is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | 0.03 |
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Return for Risk
QDIV vs. CASH.TO — Risk / Return Rank
QDIV
CASH.TO
QDIV vs. CASH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Quality Dividend ETF (QDIV) 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.
| QDIV | CASH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.00 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 0.00 | +1.92 |
| Martin ratioReturn relative to average drawdown | 4.92 | 0.01 | +4.91 |
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Drawdowns
QDIV vs. CASH.TO - Drawdown Comparison
The maximum QDIV drawdown since its inception was -41.20%, 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 QDIV and CASH.TO.
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Drawdown Indicators
| QDIV | CASH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.20% | -9.29% | -31.91% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -3.03% | -4.94% |
Max Drawdown (3Y)Largest decline over 3 years | -16.81% | -7.69% | -9.12% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | -2.71% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -2.80% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 1.57% | +1.55% |
Volatility
QDIV vs. CASH.TO - Volatility Comparison
Global X S&P 500 Quality Dividend ETF (QDIV) has a higher volatility of 2.74% compared to Global X High Interest Savings ETF (CASH.TO) at 0.76%. This indicates that QDIV'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
| QDIV | CASH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 0.76% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 7.90% | 3.22% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.86% | 4.41% | +7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.30% | 6.24% | +9.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 6.24% | +13.15% |
QDIV vs. CASH.TO - Expense Ratio Comparison
QDIV has a 0.20% expense ratio, which is higher than CASH.TO's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QDIV vs. CASH.TO - Dividend Comparison
QDIV's dividend yield for the trailing twelve months is around 2.93%, more than CASH.TO's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
QDIV Global X S&P 500 Quality Dividend ETF | 2.93% | 3.13% | 2.88% | 3.26% | 3.02% | 2.44% | 3.06% | 2.84% | 1.30% |
Frequently Asked Questions
QDIV and CASH.TO have a correlation of 0.03, 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 0.20% for QDIV.
QDIV is categorized as Dividend, while CASH.TO is Money Market. Their fees differ too: 0.20% for QDIV and 0.11% for CASH.TO.
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