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Evolve High Interest Savings Account ETF (HISA.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 5, 2026

The High Interest Savings Account Fund (HISA) seeks to maximize monthly income while preserving capital and liquidity by investing primarily in high-interest deposit accounts with Canadian banks, credit unions, or trust companies.

Evolve High Interest Savings Account ETF (HISA.NEO) belongs to the Money Market category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HISA.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HISA.NEO

HISA.NEO charges 0.15% annually. There are 5 ETFs in the Money Market category with lower expense ratios, going as low as 0.11%.

SymbolNameExpense RatioAUMInception
CASH.TO
Global X High Interest Savings ETF0.11%6.70BNov 2021HISA.NEO vs CASH.TO
ZMMK.TO
BMO Money Market Fund ETF Series0.13%5.70BNov 2021HISA.NEO vs ZMMK.TO
CMR.TO
iShares Premium Money Market ETF0.14%2.67BFeb 2008HISA.NEO vs CMR.TO
CCAD.TO
CIBC Premium Cash Management ETF0.14%—May 2025HISA.NEO vs CCAD.TO
ZUCM.TO
BMO USD Cash Management ETF0.14%—Sep 2023HISA.NEO vs ZUCM.TO

Best Risk-Adjusted Alternatives to HISA.NEO

HISA.NEO has a PortfoliosLab risk / return rank of 86. There are 13 ETFs in the Money Market category with higher risk-adjusted ranks, going as high as 100.

SymbolNameRisk / Return RankAUMInception
MNY.TO
Purpose Cash Management Fund
100
2.90BSep 2022HISA.NEO vs MNY.TO
CASH.TO
Global X High Interest Savings ETF
100
6.70BNov 2021HISA.NEO vs CASH.TO
PSA.TO
Purpose High Interest Savings Fund
100
4.20BOct 2013HISA.NEO vs PSA.TO
CSAV.TO
CI High Interest Savings ETF
100
4.71BJun 2019HISA.NEO vs CSAV.TO
ZMMK.TO
BMO Money Market Fund ETF Series
100
5.70BNov 2021HISA.NEO vs ZMMK.TO

Top Performing HISA.NEO Alternatives (YTD)

HISA.NEO is at 0.60% YTD. There are 14 ETFs in the Money Market category with higher YTD returns, going as high as 2.88%.

SymbolNameYTD ReturnAUMInception
ZUCM.TO
BMO USD Cash Management ETF
2.88%
—Sep 2023HISA.NEO vs ZUCM.TO
HSUV-U.TO
Global X USD Cash Maximizer Corporate Class ETF
1.49%
767.50MJun 2020HISA.NEO vs HSUV-U.TO
MNU-U.TO
Purpose USD Cash Management ETF
1.14%
—Apr 2023HISA.NEO vs MNU-U.TO
PSU-U.TO
Purpose US Cash Fund
1.06%
964.00Feb 2016HISA.NEO vs PSU-U.TO
HISU-U.TO
Evolve US High Interest Savings Account Fund
1.05%
704.06MAug 2022HISA.NEO vs HISU-U.TO

Lowest Volatility Alternatives to HISA.NEO

HISA.NEO has 0.36% 1-year volatility. There are 9 ETFs in the Money Market category with lower 1-year volatility, going as low as 0.16%.

SymbolNameVolatility 1YAUMInception
MNY.TO
Purpose Cash Management Fund0.16%2.90BSep 2022HISA.NEO vs MNY.TO
CMR.TO
iShares Premium Money Market ETF0.22%2.67BFeb 2008HISA.NEO vs CMR.TO
CASH.TO
Global X High Interest Savings ETF0.22%6.70BNov 2021HISA.NEO vs CASH.TO
CSAV.TO
CI High Interest Savings ETF0.23%4.71BJun 2019HISA.NEO vs CSAV.TO
PSA.TO
Purpose High Interest Savings Fund0.23%4.20BOct 2013HISA.NEO vs PSA.TO

Lowest Drawdown Alternatives to HISA.NEO

HISA.NEO has a 1-year max drawdown of -0.18%. There are 12 ETFs in the Money Market category with shallower 1-year drawdowns, going as shallow as -0.02%.

SymbolNameMax Drawdown 1YAUMInception
CSAV.TO
CI High Interest Savings ETF
-0.02%
4.71BJun 2019HISA.NEO vs CSAV.TO
PSA.TO
Purpose High Interest Savings Fund
-0.02%
4.20BOct 2013HISA.NEO vs PSA.TO
CASH.TO
Global X High Interest Savings ETF
-0.02%
6.70BNov 2021HISA.NEO vs CASH.TO
ZMMK.TO
BMO Money Market Fund ETF Series
-0.03%
5.70BNov 2021HISA.NEO vs ZMMK.TO
MNY.TO
Purpose Cash Management Fund
-0.04%
2.90BSep 2022HISA.NEO vs MNY.TO

Other ETFs from Evolve

The 10 most viewed Evolve ETFs shown here include BANK.TO, UTES.TO, QQQT.TO and span 7 categories. AUM among these funds goes as high as $1B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...Derivative Income
96
19.17%
1.08BFeb 2022HISA.NEO vs BANK.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
82
13.71%
405.53MSep 2024HISA.NEO vs UTES.TO
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD HedgedNasdaq-100, Technology Equities
80
29.42%
166.05MJul 2023HISA.NEO vs QQQT.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
76
19.46%
135.24MOct 2025HISA.NEO vs QQQY.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
12.33%
—Sep 2025HISA.NEO vs CANY.TO
BIGY.TO
Evolve US Equity UltraYield ETFLarge Cap Blend Equities—
-3.56%
—Sep 2025HISA.NEO vs BIGY.TO
EBNK.TO
Evolve European Banks Enhanced Yield ETF Hedged CA...Financials Equities, Derivative Income
42
5.75%
140.46MJan 2022HISA.NEO vs EBNK.TO
TECH.TO
Evolve FANGMA Index ETF Hedged CADTechnology Equities
25
1.79%
156.54MMay 2021HISA.NEO vs TECH.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...Energy Equities
82
36.54%
—Mar 2025HISA.NEO vs OILY.TO
SIXY.TO
Evolve Big Six Canadian Banks UltraYield Index ETFFinancials Equities—
19.02%
—Dec 2025HISA.NEO vs SIXY.TO

Often Compared With HISA.NEO

Investors most often compare HISA.NEO with CMNY.TO, INTY.TO, TBIL.TO. These 8 comparison targets span 5 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CMNY.TO
CI Money Market ETF CAD SeriesMoney Market
99
0.99%
—Jul 2023HISA.NEO vs CMNY.TO
INTY.TO
Evolve International Equity UltraYield ETFDerivative Income———Jan 2026HISA.NEO vs INTY.TO
TBIL.TO
Harvest Canadian T-Bill ETFMoney Market
99
0.83%
—Jan 2024HISA.NEO vs TBIL.TO
ETC.TO
Evolve Cryptocurrencies ETFCryptocurrency
3
-29.24%
—Aug 2024HISA.NEO vs ETC.TO
EBIT.TO
Evolve Bitcoin ETF CADCryptocurrency
2
-26.90%
—Feb 2021HISA.NEO vs EBIT.TO
ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD UnhedgedLarge Cap Blend Equities
80
8.67%
204.58MJan 2023HISA.NEO vs ETSX.TO
VCN.TO
Vanguard FTSE Canada All Cap Index ETFCanada Equities
83
11.80%
15.96BAug 2013HISA.NEO vs VCN.TO
EASY.TO
Evolve All-in-One UltraYield ETFDerivative Income———Mar 2026HISA.NEO vs EASY.TO

Compare HISA.NEO with Any Fund or Stock

Compare HISA.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair HISA.NEO with funds that move differently

Evolve High Interest Savings Account ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HISA.NEO.

Explore HISA.NEO Diversifiers