CASH.TO vs. PSA.TO

Last updated Apr 1, 2026

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

CASH.TO and PSA.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. PSA.TO is an actively managed fund by Purpose Investments. It was launched on Oct 15, 2013.

Performance

CASH.TO vs. PSA.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 High Interest Savings Fund (PSA.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021
CASH.TO Global X High Interest Savings ETF	0.35%	2.45%	4.53%	5.11%	2.39%	0.08%
PSA.TO Purpose High Interest Savings Fund	0.50%	2.64%	4.56%	5.12%	2.34%	0.10%

Returns By Period

In the year-to-date period, CASH.TO achieves a 0.35% return, which is significantly lower than PSA.TO's 0.50% return.

CASH.TO

• 1D: -0.13%
• 1M: 0.05%
• YTD: 0.35%
• 6M: 0.91%
• 1Y: 2.17%
• 3Y*: 3.73%
• 5Y*: —
• 10Y*: —

PSA.TO

• 1D: -0.01%
• 1M: 0.16%
• YTD: 0.50%
• 6M: 1.11%
• 1Y: 2.43%
• 3Y*: 3.88%
• 5Y*: 3.11%
• 10Y*: 2.23%

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

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

CASH.TO has a 0.11% expense ratio, which is lower than PSA.TO's 0.17% 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%.

PSA.TO

Purpose High Interest Savings Fund

CASH.TO

Global X High Interest Savings ETF

Return for Risk

CASH.TO vs. PSA.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: 99
CASH.TO Sharpe Ratio Rank: 99
CASH.TO Sortino Ratio Rank: 99
CASH.TO Omega Ratio Rank: 99
CASH.TO Calmar Ratio Rank: 99
CASH.TO Martin Ratio Rank: 100

PSA.TO

PSA.TO Risk / Return Rank: 100
PSA.TO Sharpe Ratio Rank: 100
PSA.TO Sortino Ratio Rank: 100
PSA.TO Omega Ratio Rank: 100
PSA.TO Calmar Ratio Rank: 100
PSA.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. PSA.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 High Interest Savings Fund (PSA.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	PSA.TO	Difference
Sharpe ratio Return per unit of total volatility	8.36	10.29	-1.94
Sortino ratio Return per unit of downside risk	14.67	28.35	-13.68
Omega ratio Gain probability vs. loss probability	5.68	6.22	-0.54
Calmar ratio Return relative to maximum drawdown	17.04	120.87	-103.83
Martin ratio Return relative to average drawdown	233.38	419.05	-185.67
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. PSA.TO - Sharpe Ratio Comparison

The current CASH.TO Sharpe Ratio is 8.36, which is comparable to the PSA.TO Sharpe Ratio of 10.29. The chart below compares the historical Sharpe Ratios of CASH.TO and PSA.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CASH.TO	PSA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	8.36	10.29	-1.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	11.42	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	9.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.43	9.23	-3.81

Correlation

The correlation between CASH.TO and PSA.TO is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CASH.TO vs. PSA.TO - Dividend Comparison

CASH.TO's dividend yield for the trailing twelve months is around 2.17%, less than PSA.TO's 2.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CASH.TO Global X High Interest Savings ETF	2.17%	2.53%	4.37%	5.06%	2.30%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSA.TO Purpose High Interest Savings Fund	2.41%	2.61%	4.47%	5.05%	2.26%	0.59%	0.94%	2.18%	1.66%	1.07%	0.99%	1.07%

Drawdowns

CASH.TO vs. PSA.TO - Drawdown Comparison

The maximum CASH.TO drawdown since its inception was -0.80%, which is greater than PSA.TO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for CASH.TO and PSA.TO.

Drawdown Indicators

	CASH.TO	PSA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.80%	-0.04%	-0.76%
Max Drawdown (1Y) Largest decline over 1 year	-0.13%	-0.02%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	—	-0.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.04%	—
Current Drawdown Current decline from peak	-0.13%	-0.01%	-0.12%
Average Drawdown Average peak-to-trough decline	0.00%	0.00%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.01%	0.00%

Volatility

CASH.TO vs. PSA.TO - Volatility Comparison

Global X High Interest Savings ETF (CASH.TO) has a higher volatility of 0.15% compared to Purpose High Interest Savings Fund (PSA.TO) at 0.06%. This indicates that CASH.TO's price experiences larger fluctuations and is considered to be riskier than PSA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CASH.TO	PSA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.15%	0.06%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	0.20%	0.17%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	0.26%	0.24%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.63%	0.27%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.63%	0.23%	+0.40%