CASH.TO vs. RATE.TO
CASH.TO (Global X High Interest Savings ETF) and RATE.TO (Arrow EC Income Advantage Alternative Fund) are both exchange-traded funds - CASH.TO is a Money Market fund actively managed by Global X, while RATE.TO is a fund fund. Over the past 3 years, CASH.TO returned 3.50%/yr vs 5.52%/yr for RATE.TO. At a correlation of -0.03, they often move in opposite directions.
Performance
CASH.TO vs. RATE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CASH.TO achieves a 1.06% return, which is significantly lower than RATE.TO's 1.37% return.
CASH.TO
- 1D
- 0.00%
- 1M
- 0.15%
- 6M
- 1.02%
- YTD
- 1.06%
- 1Y
- 2.16%
- 3Y*
- 3.50%
- 5Y*
- —
- 10Y*
- —
RATE.TO
- 1D
- -0.19%
- 1M
- 0.05%
- 6M
- 1.66%
- YTD
- 1.37%
- 1Y
- 3.14%
- 3Y*
- 5.52%
- 5Y*
- 4.86%
- 10Y*
- —
CASH.TO vs. RATE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 1.06% | 2.45% | 4.53% | 5.11% | 2.38% | 0.08% |
RATE.TO Arrow EC Income Advantage Alternative Fund | 1.37% | 4.60% | 5.59% | 10.12% | 2.34% | -0.18% |
Correlation
The correlation between CASH.TO and RATE.TO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | -0.03 |
The correlation between CASH.TO and RATE.TO shifts across timeframes, from -0.11 (1 year) to 0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CASH.TO vs. RATE.TO — Risk / Return Rank
CASH.TO
RATE.TO
CASH.TO vs. RATE.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 Arrow EC Income Advantage Alternative Fund (RATE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CASH.TO | RATE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.91 | ||
| Sortino ratioReturn per unit of downside risk | +22.99 | ||
| Omega ratioGain probability vs. loss probability | 6.79 | 1.27 | +5.52 |
| Calmar ratioReturn relative to maximum drawdown | 108.60 | 3.93 | +104.68 |
| Martin ratioReturn relative to average drawdown | 373.54 | 13.21 | +360.33 |
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Drawdowns
CASH.TO vs. RATE.TO - Drawdown Comparison
The maximum CASH.TO drawdown since its inception was -0.80%, smaller than the maximum RATE.TO drawdown of -14.01%. Use the drawdown chart below to compare losses from any high point for CASH.TO and RATE.TO.
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Drawdown Indicators
| CASH.TO | RATE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.80% | -14.01% | +13.21% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -0.80% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -2.78% | +2.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -3.38% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.24% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -0.85% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.24% | -0.23% |
Volatility
CASH.TO vs. RATE.TO - Volatility Comparison
The current volatility for Global X High Interest Savings ETF (CASH.TO) is 0.06%, while Arrow EC Income Advantage Alternative Fund (RATE.TO) has a volatility of 0.68%. This indicates that CASH.TO experiences smaller price fluctuations and is considered to be less risky than RATE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CASH.TO | RATE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 0.68% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 0.15% | 1.58% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 2.25% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.61% | 4.07% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.61% | 5.74% | -5.13% |
Dividends
CASH.TO vs. RATE.TO - Dividend Comparison
CASH.TO's dividend yield for the trailing twelve months is around 2.12%, less than RATE.TO's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 2.12% | 2.53% | 4.37% | 5.05% | 2.30% | 0.10% | 0.00% | 0.00% | 0.00% |
RATE.TO Arrow EC Income Advantage Alternative Fund | 4.64% | 4.60% | 4.69% | 4.74% | 4.11% | 3.52% | 2.98% | 2.99% | 2.32% |
Frequently Asked Questions
CASH.TO and RATE.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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