CCAD.TO vs. UCSH-U.TO

Last updated Jul 16, 2026

CCAD.TO (CIBC Premium Cash Management ETF) and UCSH-U.TO (Global X USD High Interest Savings ETF) are both Money Market funds. Both are actively managed. Over the past year, CCAD.TO returned 2.54% vs 6.28% for UCSH-U.TO. At a correlation of -0.03, they often move in opposite directions.

Performance

CCAD.TO vs. UCSH-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 Global X USD High Interest Savings ETF (UCSH-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CCAD.TO is traded in CAD, while UCSH-U.TO is traded in USD. To make them comparable, the UCSH-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 1.26% return, which is significantly lower than UCSH-U.TO's 4.42% return.

CCAD.TO

• 1D: 0.01%
• 1M: 0.21%
• 6M: 1.22%
• YTD: 1.26%
• 1Y: 2.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UCSH-U.TO

• 1D: -0.69%
• 1M: 0.90%
• 6M: 2.89%
• YTD: 4.42%
• 1Y: 6.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
CCAD.TO CIBC Premium Cash Management ETF	1.26%	1.69%
UCSH-U.TO Global X USD High Interest Savings ETF	4.42%	0.54%

Correlation

The correlation between CCAD.TO and UCSH-U.TO is -0.07, 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	-0.07
Correlation (All Time) Calculated using the full available price history since May 14, 2025	-0.03

Return for Risk

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

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

CCAD.TO

CCAD.TO Risk / Return Rank: 99
CCAD.TO Sharpe Ratio Rank: 99
CCAD.TO Sortino Ratio Rank: 99
CCAD.TO Omega Ratio Rank: 99
CCAD.TO Calmar Ratio Rank: 99
CCAD.TO Martin Ratio Rank: 99

UCSH-U.TO

UCSH-U.TO Risk / Return Rank: 100
UCSH-U.TO Sharpe Ratio Rank: 100
UCSH-U.TO Sortino Ratio Rank: 100
UCSH-U.TO Omega Ratio Rank: 100
UCSH-U.TO Calmar Ratio Rank: 100
UCSH-U.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. UCSH-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 Global X USD High Interest Savings ETF (UCSH-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.

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.

	CCAD.TO	UCSH-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	7.87	1.44	+6.43
Sortino ratio: Return per unit of downside risk	17.43	2.01	+15.43
Omega ratio: Gain probability vs. loss probability	3.96	1.26	+2.70
Calmar ratio: Return relative to maximum drawdown	31.99	1.67	+30.31
Martin ratio: Return relative to average drawdown	206.70	4.56	+202.14

CCAD.TO vs. UCSH-U.TO - Sharpe Ratio Comparison

The current CCAD.TO Sharpe Ratio is 7.87, which is higher than the UCSH-U.TO Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of CCAD.TO and UCSH-U.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.

Drawdowns

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

The maximum CCAD.TO drawdown since its inception was -0.08%, smaller than the maximum UCSH-U.TO drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for CCAD.TO and UCSH-U.TO.

Drawdown Indicators

	CCAD.TO	UCSH-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.08%	-6.35%	+6.27%
Max Drawdown (1Y) Largest decline over 1 year	-0.08%	-3.77%	+3.69%
Current Drawdown Current decline from peak	0.00%	-1.11%	+1.11%
Average Drawdown Average peak-to-trough decline	-0.01%	-1.98%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	1.38%	-1.37%

Volatility

CCAD.TO vs. UCSH-U.TO - Volatility Comparison

The current volatility for CIBC Premium Cash Management ETF (CCAD.TO) is 0.05%, while Global X USD High Interest Savings ETF (UCSH-U.TO) has a volatility of 1.31%. This indicates that CCAD.TO experiences smaller price fluctuations and is considered to be less risky than UCSH-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCAD.TO	UCSH-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.05%	1.31%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	0.18%	3.30%	-3.12%
Volatility (1Y) Calculated over the trailing 1-year period	0.32%	4.38%	-4.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.34%	5.33%	-4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.34%	5.33%	-4.99%

Dividends

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

CCAD.TO's dividend yield for the trailing twelve months is around 2.57%, less than UCSH-U.TO's 3.65% yield.

Position	TTM	2025	2024
CCAD.TO CIBC Premium Cash Management ETF	2.57%	1.62%	0.00%
UCSH-U.TO Global X USD High Interest Savings ETF	3.65%	4.04%	4.71%

Frequently Asked Questions

Can I hold both CCAD.TO and UCSH-U.TO in my portfolio?

CCAD.TO and UCSH-U.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CCAD.TO and UCSH-U.TO?

They also come from different issuers: CIBC and Global X.