TCND.TO vs. HSAV.TO

Last updated Apr 5, 2026

Compare and contrast key facts about BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.TO) and Global X Cash Maximizer Corporate Class ETF (HSAV.TO).

TCND.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. TCND.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX 60 Index. It was launched on Aug 11, 2025. HSAV.TO is an actively managed fund by Global X. It was launched on Feb 5, 2020.

Performance

TCND.TO vs. HSAV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.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, TCND.TO achieves a 6.11% return, which is significantly higher than HSAV.TO's 1.04% return.

TCND.TO

• 1D: 1.21%
• 1M: -3.57%
• YTD: 6.11%
• 6M: 17.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HSAV.TO

• 1D: -0.12%
• 1M: 0.77%
• YTD: 1.04%
• 6M: 1.47%
• 1Y: 3.15%
• 3Y*: 3.90%
• 5Y*: 3.23%
• 10Y*: —

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

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

	2026 (YTD)	2025
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	6.11%	41.62%
HSAV.TO Global X Cash Maximizer Corporate Class ETF	1.04%	0.71%

Correlation

The correlation between TCND.TO and HSAV.TO is 0.06, meaning there is essentially no relationship between their price movements. They neither move together nor in opposition — each responds to its own set of market drivers. This independence makes them strong candidates for combining in a diversified portfolio.

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

HSAV.TO

Global X Cash Maximizer Corporate Class ETF

Return for Risk

TCND.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: 92
HSAV.TO Sharpe Ratio Rank: 92
HSAV.TO Sortino Ratio Rank: 95
HSAV.TO Omega Ratio Rank: 92
HSAV.TO Calmar Ratio Rank: 94
HSAV.TO Martin Ratio Rank: 89

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.

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

This table presents a comparison of risk-adjusted performance metrics for BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.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

	TCND.TO	HSAV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.19	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.41	1.76	+0.65

Drawdowns

TCND.TO vs. HSAV.TO - Drawdown Comparison

The maximum TCND.TO drawdown since its inception was -22.06%, 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 TCND.TO and HSAV.TO.

Drawdown Indicators

	TCND.TO	HSAV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	-2.18%	-19.88%
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	-10.17%	-0.12%	-10.05%
Average Drawdown Average peak-to-trough decline	-3.59%	-0.19%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.21%	—

Volatility

Volatility by Period

	TCND.TO	HSAV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.11%	1.36%	+35.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.11%	1.75%	+35.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.11%	1.58%	+35.53%

Dividends

TCND.TO vs. HSAV.TO - Dividend Comparison

Neither TCND.TO nor HSAV.TO has paid dividends to shareholders.

Tickers have no history of dividend payments