DLR-U.TO vs. CASH.TO
DLR-U.TO (Global X U.S. Dollar Currency ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - DLR-U.TO is a Currency fund actively managed by Global X, while CASH.TO is a Money Market fund actively managed by Global X. Both are actively managed. Over the past 3 years, DLR-U.TO returned 3.55%/yr vs 1.15%/yr for CASH.TO. At a 0.03 correlation, their price movements are largely independent.
Performance
DLR-U.TO vs. CASH.TO - Performance Comparison
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Different Trading Currencies
DLR-U.TO is traded in USD, while CASH.TO is traded in CAD. To make them comparable, the CASH.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DLR-U.TO achieves a 1.24% return, which is significantly higher than CASH.TO's -1.49% return.
DLR-U.TO
- 1D
- 0.00%
- 1M
- 0.33%
- 6M
- 1.24%
- YTD
- 1.24%
- 1Y
- 2.75%
- 3Y*
- 3.55%
- 5Y*
- 2.72%
- 10Y*
- 1.55%
CASH.TO
- 1D
- 0.70%
- 1M
- -0.46%
- 6M
- -0.17%
- YTD
- -1.49%
- 1Y
- -0.34%
- 3Y*
- 1.15%
- 5Y*
- —
- 10Y*
- —
DLR-U.TO vs. CASH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DLR-U.TO Global X U.S. Dollar Currency ETF | 1.24% | 3.23% | 4.12% | 3.96% | 1.19% | -0.10% |
CASH.TO Global X High Interest Savings ETF | -1.49% | 7.36% | -3.63% | 7.67% | -3.72% | -2.56% |
Correlation
The correlation between DLR-U.TO and CASH.TO is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | 0.03 |
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Return for Risk
DLR-U.TO vs. CASH.TO — Risk / Return Rank
DLR-U.TO
CASH.TO
DLR-U.TO vs. CASH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Dollar Currency ETF (DLR-U.TO) and Global X High Interest Savings ETF (CASH.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.
| DLR-U.TO | CASH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +4.18 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 0.99 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 15.59 | -0.08 | +15.67 |
| Martin ratioReturn relative to average drawdown | 46.28 | -0.18 | +46.46 |
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Drawdowns
DLR-U.TO vs. CASH.TO - Drawdown Comparison
The maximum DLR-U.TO drawdown since its inception was -3.81%, smaller than the maximum CASH.TO drawdown of -9.29%. Use the drawdown chart below to compare losses from any high point for DLR-U.TO and CASH.TO.
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Drawdown Indicators
| DLR-U.TO | CASH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.81% | -9.29% | +5.48% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -4.44% | +4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -7.69% | +7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -0.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -0.89% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.09% | +3.09% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -2.82% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 1.89% | -1.83% |
Volatility
DLR-U.TO vs. CASH.TO - Volatility Comparison
The current volatility for Global X U.S. Dollar Currency ETF (DLR-U.TO) is 0.22%, while Global X High Interest Savings ETF (CASH.TO) has a volatility of 1.28%. This indicates that DLR-U.TO experiences smaller price fluctuations and is considered to be less risky than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLR-U.TO | CASH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 1.28% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.70% | 3.29% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.09% | 4.35% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.00% | 6.21% | -5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.03% | 6.21% | -5.18% |
Dividends
DLR-U.TO vs. CASH.TO - Dividend Comparison
DLR-U.TO's dividend yield for the trailing twelve months is around 3.73%, more than CASH.TO's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 2.12% | 2.53% | 4.37% | 5.05% | 2.30% | 0.10% | 0.00% | 0.00% |
DLR-U.TO Global X U.S. Dollar Currency ETF | 3.73% | 3.30% | 3.36% | 4.94% | 0.00% | 0.00% | 0.00% | 0.74% |
Frequently Asked Questions
DLR-U.TO and CASH.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLR-U.TO is categorized as Currency, while CASH.TO is Money Market.
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