CCAD.TO vs. HISU-U.TO

Last updated Apr 4, 2026

Compare and contrast key facts about CIBC Premium Cash Management ETF (CCAD.TO) and Evolve US High Interest Savings Account Fund (HISU-U.TO).

CCAD.TO and HISU-U.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CCAD.TO is an actively managed fund by CIBC. It was launched on May 14, 2025. HISU-U.TO is an actively managed fund by Evolve. It was launched on Aug 30, 2022.

Performance

CCAD.TO vs. HISU-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CIBC Premium Cash Management ETF (CCAD.TO) and Evolve US High Interest Savings Account Fund (HISU-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CCAD.TO is traded in CAD, while HISU-U.TO is traded in USD. To make them comparable, the HISU-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CCAD.TO achieves a 0.59% return, which is significantly lower than HISU-U.TO's 2.06% return.

CCAD.TO

• 1D: 0.02%
• 1M: 0.21%
• YTD: 0.59%
• 6M: 1.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HISU-U.TO

• 1D: 0.33%
• 1M: 1.98%
• YTD: 2.06%
• 6M: 1.08%
• 1Y: 0.60%
• 3Y*: 4.68%
• 5Y*: —
• 10Y*: —

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

CCAD.TO vs. HISU-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CCAD.TO CIBC Premium Cash Management ETF	0.59%	1.69%
HISU-U.TO Evolve US High Interest Savings Account Fund	2.06%	-0.06%

Correlation

The correlation between CCAD.TO and HISU-U.TO is -0.09, 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, cushioning overall portfolio drawdowns.

CCAD.TO vs. HISU-U.TO - Expense Ratio Comparison

CCAD.TO has a 0.14% expense ratio, which is lower than HISU-U.TO's 0.15% 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%.

HISU-U.TO

Evolve US High Interest Savings Account Fund

CCAD.TO

CIBC Premium Cash Management ETF

Return for Risk

CCAD.TO vs. HISU-U.TO — Risk / Return Rank

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

HISU-U.TO

HISU-U.TO Risk / Return Rank: 99
HISU-U.TO Sharpe Ratio Rank: 99
HISU-U.TO Sortino Ratio Rank: 99
HISU-U.TO Omega Ratio Rank: 99
HISU-U.TO Calmar Ratio Rank: 99
HISU-U.TO Martin Ratio Rank: 99

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.

CCAD.TO vs. HISU-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CIBC Premium Cash Management ETF (CCAD.TO) and Evolve US High Interest Savings Account Fund (HISU-U.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CCAD.TO	HISU-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.15	0.86	+6.29

Drawdowns

CCAD.TO vs. HISU-U.TO - Drawdown Comparison

The maximum CCAD.TO drawdown since its inception was -0.08%, smaller than the maximum HISU-U.TO drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for CCAD.TO and HISU-U.TO.

Drawdown Indicators

	CCAD.TO	HISU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.08%	-0.12%	+0.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.09%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.01%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.02%	—

Volatility

Volatility by Period

	CCAD.TO	HISU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.37%	5.28%	-4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.37%	6.02%	-5.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.37%	6.02%	-5.65%

Dividends

CCAD.TO vs. HISU-U.TO - Dividend Comparison

CCAD.TO's dividend yield for the trailing twelve months is around 2.23%, less than HISU-U.TO's 2.83% yield.

	TTM	2025	2024	2023	2022
CCAD.TO CIBC Premium Cash Management ETF	2.23%	1.62%	0.00%	0.00%	0.00%
HISU-U.TO Evolve US High Interest Savings Account Fund	2.83%	2.93%	3.70%	3.85%	0.90%