CASH.TO vs. XEI.TO
Compare and contrast key facts about Global X High Interest Savings ETF (CASH.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO).
CASH.TO and XEI.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. XEI.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Apr 12, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CASH.TO or XEI.TO.
Correlation
The correlation between CASH.TO and XEI.TO is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CASH.TO vs. XEI.TO - Performance Comparison
Key characteristics
CASH.TO:
12.41
XEI.TO:
1.88
CASH.TO:
47.38
XEI.TO:
2.64
CASH.TO:
14.24
XEI.TO:
1.33
CASH.TO:
69.75
XEI.TO:
2.52
CASH.TO:
671.19
XEI.TO:
7.99
CASH.TO:
0.01%
XEI.TO:
2.02%
CASH.TO:
0.34%
XEI.TO:
8.58%
CASH.TO:
-0.80%
XEI.TO:
-45.51%
CASH.TO:
0.00%
XEI.TO:
-2.32%
Returns By Period
In the year-to-date period, CASH.TO achieves a 0.36% return, which is significantly lower than XEI.TO's 1.30% return.
CASH.TO
0.36%
0.25%
1.73%
4.16%
N/A
N/A
XEI.TO
1.30%
-0.62%
6.32%
15.93%
8.61%
7.20%
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CASH.TO vs. XEI.TO - Expense Ratio Comparison
CASH.TO has a 0.11% expense ratio, which is lower than XEI.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%.
Risk-Adjusted Performance
CASH.TO vs. XEI.TO — Risk-Adjusted Performance Rank
CASH.TO
XEI.TO
CASH.TO vs. XEI.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X High Interest Savings ETF (CASH.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.
Dividends
CASH.TO vs. XEI.TO - Dividend Comparison
CASH.TO's dividend yield for the trailing twelve months is around 4.19%, less than XEI.TO's 5.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 4.19% | 4.37% | 5.06% | 2.30% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 5.47% | 5.56% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% | 7.94% |
Drawdowns
CASH.TO vs. XEI.TO - Drawdown Comparison
The maximum CASH.TO drawdown since its inception was -0.80%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for CASH.TO and XEI.TO. For additional features, visit the drawdowns tool.
Volatility
CASH.TO vs. XEI.TO - Volatility Comparison
The current volatility for Global X High Interest Savings ETF (CASH.TO) is 1.62%, while iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) has a volatility of 2.82%. This indicates that CASH.TO experiences smaller price fluctuations and is considered to be less risky than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.