EBNK.TO vs. HISU-U.TO

Last updated Jun 4, 2026

EBNK.TO (Evolve European Banks Enhanced Yield ETF Hedged CAD) and HISU-U.TO (Evolve US High Interest Savings Account Fund) are both exchange-traded funds - EBNK.TO is a Financials Equities fund actively managed by Evolve, while HISU-U.TO is a Money Market fund actively managed by Evolve. Both are actively managed. Over the past 3 years, EBNK.TO returned 34.22%/yr vs 4.59%/yr for HISU-U.TO. At a correlation of -0.12, they often move in opposite directions. EBNK.TO charges 0.60%/yr vs 0.15%/yr for HISU-U.TO.

Performance

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

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

Different Trading Currencies

EBNK.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, EBNK.TO achieves a 5.02% return, which is significantly higher than HISU-U.TO's 2.33% return.

EBNK.TO

• 1D: -1.56%
• 1M: 6.02%
• YTD: 5.02%
• 6M: 9.74%
• 1Y: 29.21%
• 3Y*: 34.22%
• 5Y*: —
• 10Y*: —

HISU-U.TO

• 1D: 0.42%
• 1M: 2.21%
• YTD: 2.33%
• 6M: 0.87%
• 1Y: 4.08%
• 3Y*: 4.59%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
EBNK.TO Evolve European Banks Enhanced Yield ETF Hedged CAD	5.02%	60.13%	28.78%	20.83%	15.71%
HISU-U.TO Evolve US High Interest Savings Account Fund	2.33%	-1.75%	12.72%	1.60%	4.39%

Correlation

The correlation between EBNK.TO and HISU-U.TO is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	-0.12

Return for Risk

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

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

EBNK.TO

EBNK.TO Risk / Return Rank: 38
EBNK.TO Sharpe Ratio Rank: 37
EBNK.TO Sortino Ratio Rank: 37
EBNK.TO Omega Ratio Rank: 34
EBNK.TO Calmar Ratio Rank: 40
EBNK.TO Martin Ratio Rank: 43

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.

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

This table presents a comparison of risk-adjusted performance metrics for Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.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.

	EBNK.TO	HISU-U.TO	Difference
Sharpe ratio Return per unit of total volatility	1.35	0.90	+0.46
Sortino ratio Return per unit of downside risk	1.93	1.25	+0.68
Omega ratio Gain probability vs. loss probability	1.23	1.16	+0.07
Calmar ratio Return relative to maximum drawdown	1.97	1.02	+0.95
Martin ratio Return relative to average drawdown	6.97	2.66	+4.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current EBNK.TO Sharpe Ratio is 1.35, which is higher than the HISU-U.TO Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of EBNK.TO and HISU-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EBNK.TO	HISU-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	0.90	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.85	+0.01

Drawdowns

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

The maximum EBNK.TO drawdown since its inception was -31.02%, which is greater than HISU-U.TO's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for EBNK.TO and HISU-U.TO.

Drawdown Indicators

	EBNK.TO	HISU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-31.02%	-5.49%	-25.53%
Max Drawdown (1Y) Largest decline over 1 year	-14.87%	-4.01%	-10.86%
Max Drawdown (3Y) Largest decline over 3 years	-21.16%	-5.49%	-15.67%
Current Drawdown Current decline from peak	-2.24%	-0.69%	-1.55%
Average Drawdown Average peak-to-trough decline	-7.43%	-1.78%	-5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.20%	1.54%	+2.66%

Volatility

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

Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) has a higher volatility of 6.37% compared to Evolve US High Interest Savings Account Fund (HISU-U.TO) at 0.79%. This indicates that EBNK.TO's price experiences larger fluctuations and is considered to be riskier than HISU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBNK.TO	HISU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	0.79%	+5.58%
Volatility (6M) Calculated over the trailing 6-month period	17.02%	3.43%	+13.59%
Volatility (1Y) Calculated over the trailing 1-year period	21.66%	4.58%	+17.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.92%	5.94%	+20.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.92%	5.94%	+20.98%

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

EBNK.TO has a 0.60% expense ratio, which is higher than HISU-U.TO's 0.15% expense ratio.

Dividends

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

EBNK.TO's dividend yield for the trailing twelve months is around 11.02%, more than HISU-U.TO's 2.74% yield.

Position	TTM	2025	2024	2023	2022
EBNK.TO Evolve European Banks Enhanced Yield ETF Hedged CAD	11.02%	11.05%	12.56%	7.32%	7.52%
HISU-U.TO Evolve US High Interest Savings Account Fund	2.74%	2.93%	3.70%	3.85%	0.90%

Frequently Asked Questions

Can I hold both EBNK.TO and HISU-U.TO in my portfolio?

EBNK.TO and HISU-U.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EBNK.TO or HISU-U.TO?

On fees, HISU-U.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EBNK.TO or HISU-U.TO?

HISU-U.TO is cheaper with a 0.15% expense ratio, compared with 0.60% for EBNK.TO.

What is the main difference between EBNK.TO and HISU-U.TO?

EBNK.TO is categorized as Financials Equities, while HISU-U.TO is Money Market. Their fees differ too: 0.60% for EBNK.TO and 0.15% for HISU-U.TO.