CCAD.TO vs. PSA.TO

Last updated Apr 15, 2026

CCAD.TO (CIBC Premium Cash Management ETF) and PSA.TO (Purpose High Interest Savings Fund) are both Money Market funds. Both are actively managed. At -0.04, they often move in opposite directions. CCAD.TO charges 0.14%/yr vs 0.17%/yr for PSA.TO.

Performance

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

Returns By Period

In the year-to-date period, CCAD.TO achieves a 0.65% return, which is significantly higher than PSA.TO's 0.60% return.

CCAD.TO

• 1D: 0.00%
• 1M: 0.18%
• YTD: 0.65%
• 6M: 1.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSA.TO

• 1D: 0.00%
• 1M: 0.19%
• YTD: 0.60%
• 6M: 1.10%
• 1Y: 2.42%
• 3Y*: 3.84%
• 5Y*: 3.13%
• 10Y*: 2.24%

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

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

	2026 (YTD)	2025
CCAD.TO CIBC Premium Cash Management ETF	0.65%	1.69%
PSA.TO Purpose High Interest Savings Fund	0.60%	1.61%

Correlation

The correlation between CCAD.TO and PSA.TO is -0.04, 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 (All Time) Calculated using the full available price history since May 15, 2025	-0.04

Return for Risk

CCAD.TO vs. PSA.TO — Risk / Return Rank

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

PSA.TO

PSA.TO Risk / Return Rank: 100
PSA.TO Sharpe Ratio Rank: 99
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.

CCAD.TO vs. PSA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CIBC Premium Cash Management ETF (CCAD.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.

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	PSA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	10.35	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	11.49	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	9.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.16	9.24	-2.09

Drawdowns

CCAD.TO vs. PSA.TO - Drawdown Comparison

The maximum CCAD.TO drawdown since its inception was -0.08%, 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 CCAD.TO and PSA.TO.

Drawdown Indicators

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

Volatility

Volatility by Period

	CCAD.TO	PSA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.36%	0.24%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.36%	0.27%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.36%	0.24%	+0.12%

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

CCAD.TO has a 0.14% 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%.

Dividends

CCAD.TO vs. PSA.TO - Dividend Comparison

CCAD.TO's dividend yield for the trailing twelve months is around 2.23%, less than PSA.TO's 2.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCAD.TO CIBC Premium Cash Management ETF	2.23%	1.62%	0.00%	0.00%	0.00%	0.00%	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%