CSAV.TO vs. PSU-U.TO
CSAV.TO (CI High Interest Savings ETF) and PSU-U.TO (Purpose US Cash Fund) are both Money Market funds. Both are actively managed. Over the past 5 years, CSAV.TO returned 3.10%/yr vs 5.60%/yr for PSU-U.TO. At a 0.01 correlation, their price movements are largely independent. CSAV.TO charges 0.15%/yr vs 0.17%/yr for PSU-U.TO.
Performance
CSAV.TO vs. PSU-U.TO - Performance Comparison
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Different Trading Currencies
CSAV.TO is traded in CAD, while PSU-U.TO is traded in USD. To make them comparable, the PSU-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 0.86% return, which is significantly lower than PSU-U.TO's 2.34% 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*
- —
PSU-U.TO
- 1D
- 0.43%
- 1M
- 2.22%
- YTD
- 2.34%
- 6M
- 0.82%
- 1Y
- 4.06%
- 3Y*
- 4.57%
- 5Y*
- 5.60%
- 10Y*
- —
CSAV.TO vs. PSU-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | 0.86% | 2.55% | 4.43% | 5.05% | 2.31% | 0.72% | 1.00% | 1.13% |
PSU-U.TO Purpose US Cash Fund | 2.34% | -1.75% | 12.58% | 1.64% | 8.73% | -0.62% | -1.27% | -2.22% |
Correlation
The correlation between CSAV.TO and PSU-U.TO is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019 | 0.01 |
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Return for Risk
CSAV.TO vs. PSU-U.TO — Risk / Return Rank
CSAV.TO
PSU-U.TO
CSAV.TO vs. PSU-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 Purpose US Cash Fund (PSU-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 | PSU-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.87 | ||
| Sortino ratioReturn per unit of downside risk | +25.14 | ||
| Omega ratioGain probability vs. loss probability | 5.66 | 1.16 | +4.51 |
| Calmar ratioReturn relative to maximum drawdown | 113.53 | 1.00 | +112.53 |
| Martin ratioReturn relative to average drawdown | 409.45 | 2.59 | +406.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSAV.TO | PSU-U.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.76 | 0.89 | +8.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 11.58 | 0.89 | +10.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.17 | 0.46 | +9.72 |
Drawdowns
CSAV.TO vs. PSU-U.TO - Drawdown Comparison
The maximum CSAV.TO drawdown since its inception was -0.03%, smaller than the maximum PSU-U.TO drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for CSAV.TO and PSU-U.TO.
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Drawdown Indicators
| CSAV.TO | PSU-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -16.93% | +16.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -4.07% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -0.03% | -5.47% | +5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -5.47% | +5.44% |
Current DrawdownCurrent decline from peak | 0.00% | -0.70% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -4.87% | +4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.57% | -1.56% |
Volatility
CSAV.TO vs. PSU-U.TO - Volatility Comparison
The current volatility for CI High Interest Savings ETF (CSAV.TO) is 0.08%, while Purpose US Cash Fund (PSU-U.TO) has a volatility of 0.83%. This indicates that CSAV.TO experiences smaller price fluctuations and is considered to be less risky than PSU-U.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 | PSU-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 0.83% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 0.17% | 3.44% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 4.59% | -4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.27% | 6.32% | -6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 6.56% | -6.30% |
CSAV.TO vs. PSU-U.TO - Expense Ratio Comparison
CSAV.TO has a 0.15% expense ratio, which is lower than PSU-U.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
CSAV.TO vs. PSU-U.TO - Dividend Comparison
CSAV.TO's dividend yield for the trailing twelve months is around 2.23%, less than PSU-U.TO's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | 2.23% | 2.54% | 4.40% | 4.90% | 2.15% | 0.73% | 0.97% | 1.14% | 0.00% |
PSU-U.TO Purpose US Cash Fund | 2.70% | 2.90% | 3.65% | 3.87% | 1.45% | 0.29% | 0.41% | 1.70% | 1.20% |
Frequently Asked Questions
CSAV.TO and PSU-U.TO have a correlation of -0.08, 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 0.17% for PSU-U.TO.
They also come from different issuers: CI Investments and Purpose Investments. Their fees differ too: 0.15% for CSAV.TO and 0.17% for PSU-U.TO.
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