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Performance
Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in Evolve Premium Cash Management ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Different Benchmark Currency
MCAD.TO is traded in CAD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CAD using the latest available exchange rates.
Returns By Period
Evolve Premium Cash Management ETF (MCAD.TO) has returned 0.56% so far this year and 2.59% over the past 12 months.
Evolve Premium Cash Management ETF
- 1D
- 0.02%
- 1M
- 0.19%
- YTD
- 0.56%
- 6M
- 1.19%
- 1Y
- 2.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.80%
- 1M
- -3.22%
- YTD
- -3.34%
- 6M
- -2.48%
- 1Y
- 12.46%
- 3Y*
- 17.80%
- 5Y*
- 12.48%
- 10Y*
- 12.91%
Monthly Returns
Based on dividend-adjusted daily data since Jul 6, 2023, MCAD.TO's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, your investment would double in approximately 18.1 years.
Historically, 97% of months were positive and 3% were negative. The best month was Jan 2024 with a return of +0.9%, while the worst month was Feb 2024 at -0.1%. The longest winning streak lasted 25 consecutive months, and the longest losing streak was 1 months.
On a daily basis, MCAD.TO closed higher 73% of trading days. The best single day was Jan 31, 2024 with a return of +0.5%, while the worst single day was Feb 1, 2024 at -0.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.18% | 0.18% | 0.19% | 0.56% | |||||||||
| 2025 | 0.31% | 0.26% | 0.25% | 0.24% | 0.25% | 0.21% | 0.24% | 0.23% | 0.21% | 0.21% | 0.18% | 0.23% | 2.85% |
| 2024 | 0.91% | -0.05% | 0.41% | 0.47% | 0.42% | 0.40% | 0.44% | 0.39% | 0.39% | 0.36% | 0.32% | 0.34% | 4.88% |
| 2023 | 0.10% | 0.50% | 0.51% | 0.31% | 0.37% | 0.49% | 2.30% |
Benchmark Metrics
Evolve Premium Cash Management ETF has an annualized alpha of 4.55%, beta of -0.01, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since July 12, 2023.
- This fund captured 9.92% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -16.76%) — a profile typical of hedging or uncorrelated assets.
- Beta of -0.01 may look defensive, but with R² of 0.01 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R² of 0.01 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.55%
- Beta
- -0.01
- R²
- 0.01
- Upside Capture
- 9.92%
- Downside Capture
- -16.76%
Expense Ratio
MCAD.TO has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
MCAD.TO ranks 100 for risk / return — in the top 100% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Evolve Premium Cash Management ETF (MCAD.TO) and compare them to a chosen benchmark (S&P 500 Index).
| MCAD.TO | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.90 | 0.69 | +6.20 |
Sortino ratioReturn per unit of downside risk | 10.78 | 1.06 | +9.73 |
Omega ratioGain probability vs. loss probability | 5.69 | 1.17 | +4.53 |
Calmar ratioReturn relative to maximum drawdown | 16.27 | 1.14 | +15.12 |
Martin ratioReturn relative to average drawdown | 93.39 | 4.22 | +89.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore MCAD.TO risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Evolve Premium Cash Management ETF provided a 2.57% dividend yield over the last twelve months, with an annual payout of CA$2.57 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | CA$2.57 | CA$2.83 | CA$4.79 | CA$2.56 |
Dividend yield | 2.57% | 2.83% | 4.78% | 2.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Evolve Premium Cash Management ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | CA$0.17 | CA$0.18 | CA$0.17 | CA$0.52 | |||||||||
| 2025 | CA$0.27 | CA$0.27 | CA$0.25 | CA$0.27 | CA$0.23 | CA$0.22 | CA$0.24 | CA$0.21 | CA$0.21 | CA$0.23 | CA$0.19 | CA$0.24 | CA$2.83 |
| 2024 | CA$0.47 | CA$0.40 | CA$0.40 | CA$0.41 | CA$0.48 | CA$0.41 | CA$0.44 | CA$0.39 | CA$0.34 | CA$0.39 | CA$0.31 | CA$0.37 | CA$4.79 |
| 2023 | CA$0.39 | CA$0.48 | CA$0.39 | CA$0.46 | CA$0.43 | CA$0.41 | CA$2.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Evolve Premium Cash Management ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Evolve Premium Cash Management ETF was 0.43%, occurring on Feb 1, 2024. Recovery took 21 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.43% | Feb 1, 2024 | 1 | Feb 1, 2024 | 21 | Mar 4, 2024 | 22 |
| -0.42% | Jul 31, 2024 | 1 | Jul 31, 2024 | 22 | Sep 3, 2024 | 23 |
| -0.16% | Sep 29, 2025 | 1 | Sep 29, 2025 | 18 | Oct 24, 2025 | 19 |
| -0.13% | Dec 10, 2025 | 1 | Dec 10, 2025 | 2 | Dec 12, 2025 | 3 |
| -0.09% | Feb 6, 2026 | 1 | Feb 6, 2026 | 1 | Feb 9, 2026 | 2 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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