CSAV.TO vs. EHE.TO
CSAV.TO (CI High Interest Savings ETF) and EHE.TO (CI Europe Hedged Equity Index ETF) are both exchange-traded funds - CSAV.TO is a Money Market fund actively managed by CI, while EHE.TO is a Europe Equities fund tracking the WisdomTree Europe CAD-Hedged Equity Index. CSAV.TO is actively managed, while EHE.TO is passively managed. Over the past 5 years, CSAV.TO returned 3.13%/yr vs 9.33%/yr for EHE.TO. Their -0.03 correlation means they have often moved in opposite directions in the past. CSAV.TO charges 0.15%/yr vs 0.65%/yr for EHE.TO.
Performance
CSAV.TO vs. EHE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CSAV.TO achieves a 1.18% return, which is significantly lower than EHE.TO's 6.52% return.
CSAV.TO
- 1D
- 0.02%
- 1M
- 0.15%
- 6M
- 1.01%
- YTD
- 1.18%
- 1Y
- 2.17%
- 3Y*
- 3.44%
- 5Y*
- 3.13%
- 10Y*
- —
- ALL TIME*
- 2.53%
EHE.TO
- 1D
- -0.88%
- 1M
- -1.53%
- 6M
- 4.16%
- YTD
- 6.52%
- 1Y
- 15.58%
- 3Y*
- 11.49%
- 5Y*
- 9.33%
- 10Y*
- 9.09%
- ALL TIME*
- 9.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | CA$1.49M | CA$1.26M | CA$1.48M |
| CA$7.81 | CA$182.61 | CA$208.27 |
CSAV.TO vs. EHE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | 1.18% | 2.54% | 4.43% | 5.04% | 2.29% | 0.55% | 0.92% | 1.14% |
EHE.TO CI Europe Hedged Equity Index ETF | 6.52% | 22.91% | 4.19% | 22.26% | -10.45% | 23.79% | -5.96% | 8.96% |
Correlation
The correlation between CSAV.TO and EHE.TO is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | -0.03 |
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Return for Risk
CSAV.TO vs. EHE.TO — Risk / Return Rank
CSAV.TO
EHE.TO
CSAV.TO vs. EHE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI High Interest Savings ETF (CSAV.TO) and CI Europe Hedged Equity Index ETF (EHE.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.
| CSAV.TO | EHE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.75 | ||
| Sortino ratioReturn per unit of downside risk | +18.38 | ||
| Omega ratioGain probability vs. loss probability | 4.54 | 1.17 | +3.37 |
| Calmar ratioReturn relative to maximum drawdown | 108.77 | 1.18 | +107.59 |
| Martin ratioReturn relative to average drawdown | 301.45 | 4.42 | +297.03 |
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Drawdowns
CSAV.TO vs. EHE.TO - Drawdown Comparison
The maximum CSAV.TO drawdown since its inception was -0.02%, smaller than the maximum EHE.TO drawdown of -38.20%. Use the drawdown chart below to compare losses from any high point for CSAV.TO and EHE.TO.
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Drawdown Indicators
| CSAV.TO | EHE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.02% | -38.20% | +38.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -11.85% | +11.83% |
Max Drawdown (3Y)Largest decline over 3 years | -0.02% | -16.30% | +16.28% |
Max Drawdown (5Y)Largest decline over 5 years | -0.02% | -22.91% | +22.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.20% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.57% | +2.57% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -5.29% | +5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 3.16% | -3.15% |
Volatility
CSAV.TO vs. EHE.TO - Volatility Comparison
The current volatility for CI High Interest Savings ETF (CSAV.TO) is 0.07%, while CI Europe Hedged Equity Index ETF (EHE.TO) has a volatility of 3.63%. This indicates that CSAV.TO experiences smaller price fluctuations and is considered to be less risky than EHE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSAV.TO | EHE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 3.63% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 13.47% | -13.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.25% | 16.08% | -15.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 18.13% | -17.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 17.43% | -17.16% |
CSAV.TO vs. EHE.TO - Expense Ratio Comparison
CSAV.TO has a 0.15% expense ratio, which is lower than EHE.TO's 0.65% expense ratio.
Dividends
CSAV.TO vs. EHE.TO - Dividend Comparison
CSAV.TO's dividend yield for the trailing twelve months is around 2.16%, which matches EHE.TO's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | 2.16% | 2.53% | 4.40% | 4.90% | 2.15% | 0.57% | 0.89% | 1.14% | 0.00% | 0.00% | 0.00% |
EHE.TO CI Europe Hedged Equity Index ETF | 2.18% | 2.16% | 4.38% | 3.30% | 2.19% | 1.90% | 2.55% | 2.02% | 2.08% | 1.37% | 0.13% |
Frequently Asked Questions
CSAV.TO and EHE.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSAV.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSAV.TO is cheaper with a 0.15% expense ratio, compared with 0.65% for EHE.TO.
CSAV.TO is categorized as Money Market, while EHE.TO is Europe Equities. Their fees differ too: 0.15% for CSAV.TO and 0.65% for EHE.TO.
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