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Purpose US Cash Fund (PSU-U.TO) Diversifiers

ETF · Currency in USD · Last updated Jul 14, 2026

The Purpose US Cash Fund (PSU.U) seeks to maximize earnings on USD cash balances while preserving capital and liquidity. The fund holds USD high-interest deposit accounts with Schedule I Canadian banks and short-term U.S. Treasury Bills, paying interest daily and distributing it monthly. It is the USD counterpart to the CAD-denominated PSA fund.

Looking to diversify beyond PSU-U.TO? The ETFs below have the lowest correlation with PSU-U.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PSU-U.TO.

Best Diversifiers for PSU-U.TO

14 ETFs have low correlation with PSU-U.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Purpose Multi-Strategy Market Neutral Fund (PMM.TO) (Long-Short) with a 1Y correlation of -0.02, roughly unchanged from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PMM.TO
Purpose Multi-Strategy Market Neutral Fund-0.020.040.05
77
Long-ShortPSU-U.TO vs PMM.TO
ZMMK.TO
BMO Money Market Fund ETF Series-0.010.02—
99
Money MarketPSU-U.TO vs ZMMK.TO
CCAD.TO
CIBC Premium Cash Management ETF-0.01——
99
Money MarketPSU-U.TO vs CCAD.TO
HSUV-U.TO
Global X USD Cash Maximizer Corporate Class ETF0.000.070.17
96
Money MarketPSU-U.TO vs HSUV-U.TO
MNY.TO
Purpose Cash Management Fund0.010.05—
100
Money MarketPSU-U.TO vs MNY.TO
See all 15 diversifiers for PSU-U.TO

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Diversification Analysis

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