PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CASH.TO vs. XEN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CASH.TO vs. XEN.TO

Last updated Jun 14, 2026

CASH.TO (Global X High Interest Savings ETF) and XEN.TO (iShares Jantzi Social Index ETF) are both exchange-traded funds - CASH.TO is a Money Market fund actively managed by Global X, while XEN.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD. CASH.TO is actively managed, while XEN.TO is passively managed. Over the past 3 years, CASH.TO returned 3.60%/yr vs 22.08%/yr for XEN.TO. At a 0.03 correlation, their price movements are largely independent. CASH.TO charges 0.11%/yr vs 0.55%/yr for XEN.TO.

Performance

CASH.TO vs. XEN.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 iShares Jantzi Social Index ETF (XEN.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CASH.TO achieves a 0.91% return, which is significantly lower than XEN.TO's 7.42% return.

CASH.TO

1D
0.02%
1M
0.19%
YTD
0.91%
6M
1.03%
1Y
2.23%
3Y*
3.60%
5Y*
—
10Y*
—

XEN.TO

1D
-0.02%
1M
-0.17%
YTD
7.42%
6M
8.02%
1Y
30.37%
3Y*
22.08%
5Y*
14.69%
10Y*
12.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
CASH.TO
Global X High Interest Savings ETF		0.91%2.45%4.53%5.11%2.38%0.08%
XEN.TO
iShares Jantzi Social Index ETF		7.42%34.17%16.91%12.18%-3.38%1.19%

Correlation

The correlation between CASH.TO and XEN.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.05

Correlation (3Y)
Calculated over the trailing 3-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2021

0.03

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X High Interest Savings ETF

iShares Jantzi Social Index ETF

Often compared with CASH.TO:
CASH.TO vs. ZMMK.TOCASH.TO vs. CBIL.TOCASH.TO vs. HSAV.TOCASH.TO vs. PSA.TOCASH.TO vs. CMR.TOCASH.TO vs. SGOVCASH.TO vs. TCSH.TO
Often compared with XEN.TO:
XEN.TO vs. GEQT.TOXEN.TO vs. XCSR.TOXEN.TO vs. XDSR.TOXEN.TO vs. VFV.TOXEN.TO vs. DMEC.TOXEN.TO vs. XIU.TOXEN.TO vs. XIC.TO

Return for Risk

CASH.TO vs. XEN.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: 9999
Overall Rank
CASH.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CASH.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
CASH.TO Omega Ratio Rank: 9999
Omega Ratio Rank
CASH.TO Calmar Ratio Rank: 100100
Calmar Ratio Rank
CASH.TO Martin Ratio Rank: 100100
Martin Ratio Rank
XEN.TO
XEN.TO Risk / Return Rank: 8383
Overall Rank
XEN.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
XEN.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
XEN.TO Omega Ratio Rank: 8484
Omega Ratio Rank
XEN.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
XEN.TO Martin Ratio Rank: 8686
Martin Ratio Rank
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. XEN.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 iShares Jantzi Social Index ETF (XEN.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.TOXEN.TODifference
Sharpe ratioReturn per unit of total volatility
9.56
2.44

+7.11

Sortino ratioReturn per unit of downside risk
26.15
3.29

+22.87

Omega ratioGain probability vs. loss probability

7.03

1.45

+5.58

Calmar ratioReturn relative to maximum drawdown

113.10

3.56

+109.54

Martin ratioReturn relative to average drawdown

389.01

15.82

+373.20

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

The current CASH.TO Sharpe Ratio is 9.56, which is higher than the XEN.TO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of CASH.TO and XEN.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.

Loading charts...

Drawdowns

CASH.TO vs. XEN.TO - Drawdown Comparison

The maximum CASH.TO drawdown since its inception was -0.80%, smaller than the maximum XEN.TO drawdown of -49.97%. Use the drawdown chart below to compare losses from any high point for CASH.TO and XEN.TO.

Loading charts...

Drawdown Indicators

CASH.TOXEN.TODifference

Max Drawdown

Largest peak-to-trough decline

-0.80%

-49.97%

+49.17%

Max Drawdown (1Y)

Largest decline over 1 year

-0.02%

-8.55%

+8.53%

Max Drawdown (3Y)

Largest decline over 3 years

-0.06%

-13.31%

+13.25%

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.79%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.24%

—

Current Drawdown

Current decline from peak

0.00%

-2.74%

+2.74%

Average Drawdown

Average peak-to-trough decline

-0.00%

-7.76%

+7.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.01%

1.92%

-1.91%

Volatility

CASH.TO vs. XEN.TO - Volatility Comparison

The current volatility for Global X High Interest Savings ETF (CASH.TO) is 0.08%, while iShares Jantzi Social Index ETF (XEN.TO) has a volatility of 3.10%. This indicates that CASH.TO experiences smaller price fluctuations and is considered to be less risky than XEN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CASH.TOXEN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.08%

3.10%

-3.02%

Volatility (6M)

Calculated over the trailing 6-month period

0.16%

9.98%

-9.82%

Volatility (1Y)

Calculated over the trailing 1-year period

0.24%

12.46%

-12.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.61%

13.95%

-13.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.61%

15.07%

-14.46%

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

CASH.TO has a 0.11% expense ratio, which is lower than XEN.TO's 0.55% expense ratio.

Dividends

CASH.TO vs. XEN.TO - Dividend Comparison

CASH.TO's dividend yield for the trailing twelve months is around 2.19%, more than XEN.TO's 1.72% yield.

PositionTTM20252024202320222021202020192018201720162015
CASH.TO
Global X High Interest Savings ETF		2.19%2.53%4.37%5.05%2.30%0.10%0.00%0.00%0.00%0.00%0.00%0.00%
XEN.TO
iShares Jantzi Social Index ETF		1.72%1.83%2.29%2.46%2.60%1.74%3.72%2.13%2.31%1.75%2.07%2.56%

Frequently Asked Questions

CASH.TO and XEN.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CASH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CASH.TO is cheaper with a 0.11% expense ratio, compared with 0.55% for XEN.TO.

CASH.TO is categorized as Money Market, while XEN.TO is Canada Equities. They also come from different issuers: Global X and iShares. Their fees differ too: 0.11% for CASH.TO and 0.55% for XEN.TO.

Portfolio Optimizer

Find the right allocation for CASH.TO and XEN.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer