CSAV.TO vs. CCAD.TO
CSAV.TO (CI High Interest Savings ETF) and CCAD.TO (CIBC Premium Cash Management ETF) are both Money Market funds. Both are actively managed. Over the past year, CSAV.TO returned 2.26% vs 2.58% for CCAD.TO. At a correlation of -0.02, they often move in opposite directions. CSAV.TO charges 0.15%/yr vs 0.14%/yr for CCAD.TO.
Performance
CSAV.TO vs. CCAD.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CSAV.TO achieves a 0.86% return, which is significantly lower than CCAD.TO's 0.98% return.
CSAV.TO
- 1D
- 0.02%
- 1M
- 0.19%
- YTD
- 0.86%
- 6M
- 1.05%
- 1Y
- 2.26%
- 3Y*
- 3.61%
- 5Y*
- 3.10%
- 10Y*
- —
CCAD.TO
- 1D
- 0.02%
- 1M
- 0.20%
- YTD
- 0.98%
- 6M
- 1.20%
- 1Y
- 2.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSAV.TO vs. CCAD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSAV.TO CI High Interest Savings ETF | 0.86% | 1.54% |
CCAD.TO CIBC Premium Cash Management ETF | 0.98% | 1.69% |
Correlation
The correlation between CSAV.TO and CCAD.TO is -0.01, 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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 15, 2025 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CSAV.TO vs. CCAD.TO — Risk / Return Rank
CSAV.TO
CCAD.TO
CSAV.TO vs. CCAD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI High Interest Savings ETF (CSAV.TO) and CIBC Premium Cash Management ETF (CCAD.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.
| CSAV.TO | CCAD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.47 | ||
| Sortino ratioReturn per unit of downside risk | +11.28 | ||
| Omega ratioGain probability vs. loss probability | 5.66 | 3.66 | +2.00 |
| Calmar ratioReturn relative to maximum drawdown | 113.53 | 32.50 | +81.04 |
| Martin ratioReturn relative to average drawdown | 409.45 | 171.24 | +238.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CSAV.TO | CCAD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.76 | 7.29 | +2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 11.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.17 | 7.34 | +2.83 |
Drawdowns
CSAV.TO vs. CCAD.TO - Drawdown Comparison
The maximum CSAV.TO drawdown since its inception was -0.03%, smaller than the maximum CCAD.TO drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for CSAV.TO and CCAD.TO.
Loading charts...
Drawdown Indicators
| CSAV.TO | CCAD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -0.08% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -0.08% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -0.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -0.01% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.02% | -0.01% |
Volatility
CSAV.TO vs. CCAD.TO - Volatility Comparison
CI High Interest Savings ETF (CSAV.TO) has a higher volatility of 0.08% compared to CIBC Premium Cash Management ETF (CCAD.TO) at 0.06%. This indicates that CSAV.TO's price experiences larger fluctuations and is considered to be riskier than CCAD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CSAV.TO | CCAD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 0.06% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.17% | 0.19% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 0.36% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.27% | 0.35% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 0.35% | -0.09% |
CSAV.TO vs. CCAD.TO - Expense Ratio Comparison
CSAV.TO has a 0.15% expense ratio, which is higher than CCAD.TO's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CSAV.TO vs. CCAD.TO - Dividend Comparison
CSAV.TO's dividend yield for the trailing twelve months is around 2.23%, less than CCAD.TO's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CCAD.TO CIBC Premium Cash Management ETF | 2.63% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CSAV.TO CI High Interest Savings ETF | 2.23% | 2.54% | 4.40% | 4.90% | 2.15% | 0.73% | 0.97% | 1.14% |
Frequently Asked Questions
CSAV.TO and CCAD.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CCAD.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CCAD.TO is cheaper with a 0.14% expense ratio, compared with 0.15% for CSAV.TO.
They also come from different issuers: CI Investments and CIBC. Their fees differ too: 0.15% for CSAV.TO and 0.14% for CCAD.TO.
Find the right allocation for CSAV.TO and CCAD.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