CASH.TO vs. MNY.TO

Last updated Apr 5, 2026

Compare and contrast key facts about Global X High Interest Savings ETF (CASH.TO) and Purpose Cash Management Fund (MNY.TO).

CASH.TO and MNY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CASH.TO is an actively managed fund by Global X. It was launched on Nov 1, 2021. MNY.TO is an actively managed fund by Purpose Investments. It was launched on Sep 14, 2022.

Performance

CASH.TO vs. MNY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X High Interest Savings ETF (CASH.TO) and Purpose Cash Management Fund (MNY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CASH.TO achieves a 0.50% return, which is significantly lower than MNY.TO's 0.56% return.

CASH.TO

• 1D: 0.02%
• 1M: 0.17%
• YTD: 0.50%
• 6M: 1.02%
• 1Y: 2.30%
• 3Y*: 3.79%
• 5Y*: —
• 10Y*: —

MNY.TO

• 1D: 0.01%
• 1M: 0.18%
• YTD: 0.56%
• 6M: 1.27%
• 1Y: 2.66%
• 3Y*: 4.05%
• 5Y*: —
• 10Y*: —

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

CASH.TO vs. MNY.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CASH.TO Global X High Interest Savings ETF	0.50%	2.45%	4.53%	5.11%	1.26%
MNY.TO Purpose Cash Management Fund	0.56%	3.03%	4.69%	5.03%	1.54%

Correlation

The correlation between CASH.TO and MNY.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.

CASH.TO vs. MNY.TO - Expense Ratio Comparison

CASH.TO has a 0.11% expense ratio, which is lower than MNY.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

MNY.TO

Purpose Cash Management Fund

CASH.TO

Global X High Interest Savings ETF

Return for Risk

CASH.TO vs. MNY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CASH.TO

CASH.TO Risk / Return Rank: 100
CASH.TO Sharpe Ratio Rank: 100
CASH.TO Sortino Ratio Rank: 100
CASH.TO Omega Ratio Rank: 100
CASH.TO Calmar Ratio Rank: 100
CASH.TO Martin Ratio Rank: 100

MNY.TO

MNY.TO Risk / Return Rank: 100
MNY.TO Sharpe Ratio Rank: 100
MNY.TO Sortino Ratio Rank: 100
MNY.TO Omega Ratio Rank: 100
MNY.TO Calmar Ratio Rank: 100
MNY.TO Martin Ratio Rank: 100

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.

CASH.TO vs. MNY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X High Interest Savings ETF (CASH.TO) and Purpose Cash Management Fund (MNY.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.

	CASH.TO	MNY.TO	Difference
Sharpe ratio Return per unit of total volatility	10.49	15.35	-4.86
Sortino ratio Return per unit of downside risk	33.16	52.77	-19.61
Omega ratio Gain probability vs. loss probability	7.74	20.00	-12.26
Calmar ratio Return relative to maximum drawdown	115.84	67.62	+48.22
Martin ratio Return relative to average drawdown	479.20	621.44	-142.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CASH.TO vs. MNY.TO - Sharpe Ratio Comparison

The current CASH.TO Sharpe Ratio is 10.49, which is lower than the MNY.TO Sharpe Ratio of 15.35. The chart below compares the historical Sharpe Ratios of CASH.TO and MNY.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CASH.TO	MNY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	10.49	15.35	-4.86
Sharpe Ratio (All Time) Calculated using the full available price history	5.51	11.03	-5.52

Drawdowns

CASH.TO vs. MNY.TO - Drawdown Comparison

The maximum CASH.TO drawdown since its inception was -0.80%, which is greater than MNY.TO's maximum drawdown of -0.24%. Use the drawdown chart below to compare losses from any high point for CASH.TO and MNY.TO.

Drawdown Indicators

	CASH.TO	MNY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.80%	-0.24%	-0.56%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-0.04%	+0.02%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	0.00%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	0.00%	0.00%

Volatility

CASH.TO vs. MNY.TO - Volatility Comparison

Global X High Interest Savings ETF (CASH.TO) has a higher volatility of 0.05% compared to Purpose Cash Management Fund (MNY.TO) at 0.03%. This indicates that CASH.TO's price experiences larger fluctuations and is considered to be riskier than MNY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CASH.TO	MNY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.05%	0.03%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	0.15%	0.13%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	0.22%	0.18%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.62%	0.38%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.62%	0.38%	+0.24%

Dividends

CASH.TO vs. MNY.TO - Dividend Comparison

CASH.TO's dividend yield for the trailing twelve months is around 2.31%, less than MNY.TO's 2.67% yield.

	TTM	2025	2024	2023	2022	2021
CASH.TO Global X High Interest Savings ETF	2.31%	2.53%	4.37%	5.06%	2.30%	0.10%
MNY.TO Purpose Cash Management Fund	2.67%	2.93%	4.71%	4.85%	1.47%	0.00%