SHLD.TO vs. HSAV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Defence Tech Index ETF (SHLD.TO) and Global X Cash Maximizer Corporate Class ETF (HSAV.TO).

SHLD.TO and HSAV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHLD.TO is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index. It was launched on Apr 21, 2025. HSAV.TO is an actively managed fund by Global X. It was launched on Feb 5, 2020.

Performance

SHLD.TO vs. HSAV.TO - Performance Comparison

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

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

	2026 (YTD)	2025
SHLD.TO Global X Defence Tech Index ETF	11.06%	28.13%
HSAV.TO Global X Cash Maximizer Corporate Class ETF	1.16%	1.69%

Returns By Period

In the year-to-date period, SHLD.TO achieves a 11.06% return, which is significantly higher than HSAV.TO's 1.16% return.

SHLD.TO

• 1D: 3.91%
• 1M: -6.21%
• YTD: 11.06%
• 6M: 1.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HSAV.TO

• 1D: 0.03%
• 1M: 0.80%
• YTD: 1.16%
• 6M: 1.69%
• 1Y: 2.92%
• 3Y*: 3.80%
• 5Y*: 3.25%
• 10Y*: —

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

SHLD.TO vs. HSAV.TO - Expense Ratio Comparison

SHLD.TO has a 0.50% expense ratio, which is higher than HSAV.TO's 0.18% expense ratio.

SHLD.TO

Global X Defence Tech Index ETF

HSAV.TO

Global X Cash Maximizer Corporate Class ETF

Return for Risk

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

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

HSAV.TO

HSAV.TO Risk / Return Rank: 94
HSAV.TO Sharpe Ratio Rank: 92
HSAV.TO Sortino Ratio Rank: 95
HSAV.TO Omega Ratio Rank: 92
HSAV.TO Calmar Ratio Rank: 97
HSAV.TO Martin Ratio Rank: 94

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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Defence Tech Index ETF (SHLD.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SHLD.TO	HSAV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.17	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.92	1.78	+0.14

Correlation

The correlation between SHLD.TO and HSAV.TO is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SHLD.TO vs. HSAV.TO - Dividend Comparison

SHLD.TO's dividend yield for the trailing twelve months is around 0.16%, while HSAV.TO has not paid dividends to shareholders.

	TTM	2025
SHLD.TO Global X Defence Tech Index ETF	0.16%	0.18%
HSAV.TO Global X Cash Maximizer Corporate Class ETF	0.00%	0.00%

Drawdowns

SHLD.TO vs. HSAV.TO - Drawdown Comparison

The maximum SHLD.TO drawdown since its inception was -14.91%, 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 SHLD.TO and HSAV.TO.

Drawdown Indicators

	SHLD.TO	HSAV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-14.91%	-2.18%	-12.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-2.18%	—
Current Drawdown Current decline from peak	-11.30%	0.00%	-11.30%
Average Drawdown Average peak-to-trough decline	-4.47%	-0.19%	-4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.22%	—

Volatility

Volatility by Period

	SHLD.TO	HSAV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.64%	1.37%	+23.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.64%	1.75%	+22.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.64%	1.58%	+23.06%