CSAV.TO vs. HISU-U.TO

Last updated Apr 2, 2026

Compare and contrast key facts about CI High Interest Savings ETF (CSAV.TO) and Evolve US High Interest Savings Account Fund (HISU-U.TO).

CSAV.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. CSAV.TO is an actively managed fund by CI Investments. It was launched on Jun 14, 2019. HISU-U.TO is an actively managed fund by Evolve. It was launched on Aug 30, 2022.

Performance

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

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

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

	2026 (YTD)	2025	2024	2023	2022
CSAV.TO CI High Interest Savings ETF	0.48%	2.55%	4.43%	5.05%	1.35%
HISU-U.TO Evolve US High Interest Savings Account Fund	1.89%	-1.75%	12.72%	1.60%	4.39%

Different Trading Currencies

CSAV.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, CSAV.TO achieves a 0.48% return, which is significantly lower than HISU-U.TO's 1.89% return.

CSAV.TO

• 1D: 0.01%
• 1M: 0.16%
• YTD: 0.48%
• 6M: 1.05%
• 1Y: 2.32%
• 3Y*: 3.76%
• 5Y*: 3.04%
• 10Y*: —

HISU-U.TO

• 1D: -0.12%
• 1M: 1.85%
• YTD: 1.89%
• 6M: 1.03%
• 1Y: -0.07%
• 3Y*: 4.43%
• 5Y*: —
• 10Y*: —

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

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

Both CSAV.TO and HISU-U.TO have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

CSAV.TO

CI High Interest Savings ETF

HISU-U.TO

Evolve US High Interest Savings Account Fund

Return for Risk

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

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

CSAV.TO

CSAV.TO Risk / Return Rank: 100
CSAV.TO Sharpe Ratio Rank: 100
CSAV.TO Sortino Ratio Rank: 100
CSAV.TO Omega Ratio Rank: 100
CSAV.TO Calmar Ratio Rank: 100
CSAV.TO Martin Ratio Rank: 100

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.

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

This table presents a comparison of risk-adjusted performance metrics for CI High Interest Savings ETF (CSAV.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.

	CSAV.TO	HISU-U.TO	Difference
Sharpe ratio Return per unit of total volatility	10.07	-0.01	+10.08
Sortino ratio Return per unit of downside risk	29.15	0.02	+29.13
Omega ratio Gain probability vs. loss probability	6.22	1.00	+5.22
Calmar ratio Return relative to maximum drawdown	117.06	-0.14	+117.20
Martin ratio Return relative to average drawdown	446.73	-0.26	+446.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSAV.TO vs. HISU-U.TO - Sharpe Ratio Comparison

The current CSAV.TO Sharpe Ratio is 10.07, which is higher than the HISU-U.TO Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of CSAV.TO and HISU-U.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CSAV.TO	HISU-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	10.07	-0.01	+10.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	11.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	10.19	0.86	+9.33

Correlation

The correlation between CSAV.TO and HISU-U.TO is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

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

CSAV.TO's dividend yield for the trailing twelve months is around 2.31%, less than HISU-U.TO's 2.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
CSAV.TO CI High Interest Savings ETF	2.31%	2.54%	4.40%	4.90%	2.15%	0.73%	0.97%	1.14%
HISU-U.TO Evolve US High Interest Savings Account Fund	2.83%	2.93%	3.70%	3.85%	0.90%	0.00%	0.00%	0.00%

Drawdowns

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

The maximum CSAV.TO drawdown since its inception was -0.03%, smaller than the maximum HISU-U.TO drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for CSAV.TO and HISU-U.TO.

Drawdown Indicators

	CSAV.TO	HISU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.03%	-0.12%	+0.09%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-0.09%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	-0.03%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-0.01%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.02%	-0.01%

Volatility

CSAV.TO vs. HISU-U.TO - Volatility Comparison

The current volatility for CI High Interest Savings ETF (CSAV.TO) is 0.07%, while Evolve US High Interest Savings Account Fund (HISU-U.TO) has a volatility of 1.37%. This indicates that CSAV.TO experiences smaller price fluctuations and is considered to be less risky than HISU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSAV.TO	HISU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	1.37%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	0.17%	3.41%	-3.24%
Volatility (1Y) Calculated over the trailing 1-year period	0.23%	5.30%	-5.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.27%	6.02%	-5.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.26%	6.02%	-5.76%