XBM.TO vs. HSAV.TO
XBM.TO (iShares S&P/TSX Global Base Metals Index ETF) and HSAV.TO (Global X Cash Maximizer Corporate Class ETF) are both exchange-traded funds - XBM.TO is a Energy Equities fund tracking the Morningstar Can Natural Resource NR CAD, while HSAV.TO is a Bank Loan fund actively managed by Global X. XBM.TO is passively managed, while HSAV.TO is actively managed. Over the past 5 years, XBM.TO returned 19.70%/yr vs 3.20%/yr for HSAV.TO. At a 0.01 correlation, their price movements are largely independent. XBM.TO charges 0.60%/yr vs 0.18%/yr for HSAV.TO.
Performance
XBM.TO vs. HSAV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XBM.TO achieves a 38.48% return, which is significantly higher than HSAV.TO's 1.04% return.
XBM.TO
- 1D
- -3.17%
- 1M
- 21.23%
- YTD
- 38.48%
- 6M
- 46.72%
- 1Y
- 119.30%
- 3Y*
- 29.93%
- 5Y*
- 19.70%
- 10Y*
- 20.17%
HSAV.TO
- 1D
- -0.03%
- 1M
- 0.15%
- YTD
- 1.04%
- 6M
- 1.55%
- 1Y
- 2.70%
- 3Y*
- 3.71%
- 5Y*
- 3.20%
- 10Y*
- —
XBM.TO vs. HSAV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XBM.TO iShares S&P/TSX Global Base Metals Index ETF | 38.48% | 50.69% | 5.96% | 2.84% | 3.69% | 32.04% | 42.07% |
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 XBM.TO and HSAV.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 | 0.02 |
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 | 0.01 |
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Return for Risk
XBM.TO vs. HSAV.TO — Risk / Return Rank
XBM.TO
HSAV.TO
XBM.TO vs. HSAV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Global Base Metals Index ETF (XBM.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.
| XBM.TO | HSAV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.02 | 4.58 | +0.44 |
| Martin ratioReturn relative to average drawdown | 19.44 | 12.46 | +6.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XBM.TO | HSAV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.37 | 1.96 | +1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.82 | -1.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.72 | -1.47 |
Drawdowns
XBM.TO vs. HSAV.TO - Drawdown Comparison
The maximum XBM.TO drawdown since its inception was -67.40%, 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 XBM.TO and HSAV.TO.
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Drawdown Indicators
| XBM.TO | HSAV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.40% | -2.18% | -65.22% |
Max Drawdown (1Y)Largest decline over 1 year | -23.88% | -0.59% | -23.29% |
Max Drawdown (3Y)Largest decline over 3 years | -37.45% | -1.06% | -36.39% |
Max Drawdown (5Y)Largest decline over 5 years | -40.57% | -2.18% | -38.39% |
Max Drawdown (10Y)Largest decline over 10 years | -57.24% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -0.18% | -2.99% |
Average DrawdownAverage peak-to-trough decline | -25.80% | -0.19% | -25.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 0.22% | +5.94% |
Volatility
XBM.TO vs. HSAV.TO - Volatility Comparison
iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) has a higher volatility of 13.03% compared to Global X Cash Maximizer Corporate Class ETF (HSAV.TO) at 0.48%. This indicates that XBM.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.
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Volatility by Period
| XBM.TO | HSAV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.03% | 0.48% | +12.55% |
Volatility (6M)Calculated over the trailing 6-month period | 29.68% | 1.05% | +28.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 1.39% | +34.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.06% | 1.77% | +31.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.66% | 1.58% | +31.08% |
XBM.TO vs. HSAV.TO - Expense Ratio Comparison
XBM.TO has a 0.60% expense ratio, which is higher than HSAV.TO's 0.18% expense ratio.
Dividends
XBM.TO vs. HSAV.TO - Dividend Comparison
XBM.TO's dividend yield for the trailing twelve months is around 0.62%, 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% |
XBM.TO iShares S&P/TSX Global Base Metals Index ETF | 0.62% | 0.86% | 1.25% | 2.09% | 4.83% | 3.01% | 1.81% | 3.71% | 3.43% | 1.63% | 2.42% | 5.70% |
Frequently Asked Questions
XBM.TO and HSAV.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, HSAV.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSAV.TO is cheaper with a 0.18% expense ratio, compared with 0.60% for XBM.TO.
XBM.TO is categorized as Energy Equities, while HSAV.TO is Bank Loan. They also come from different issuers: iShares and Global X. Their fees differ too: 0.60% for XBM.TO and 0.18% for HSAV.TO.
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