EEMV vs. CASH.TO
EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - EEMV is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index, while CASH.TO is a Money Market fund actively managed by Global X. EEMV is passively managed, while CASH.TO is actively managed. Over the past 3 years, EEMV returned 12.52%/yr vs 2.15%/yr for CASH.TO. At a 0.01 correlation, their price movements are largely independent. EEMV charges 0.25%/yr vs 0.11%/yr for CASH.TO.
Performance
EEMV vs. CASH.TO - Performance Comparison
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Different Trading Currencies
EEMV 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, EEMV achieves a 13.43% return, which is significantly higher than CASH.TO's -0.87% return.
EEMV
- 1D
- 1.51%
- 1M
- -1.16%
- YTD
- 13.43%
- 6M
- 14.40%
- 1Y
- 20.63%
- 3Y*
- 12.52%
- 5Y*
- 4.95%
- 10Y*
- 6.37%
CASH.TO
- 1D
- -0.20%
- 1M
- -1.81%
- YTD
- -0.87%
- 6M
- 0.27%
- 1Y
- 0.26%
- 3Y*
- 2.15%
- 5Y*
- —
- 10Y*
- —
EEMV vs. CASH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 13.43% | 13.45% | 7.98% | 7.75% | -13.94% | 0.37% |
CASH.TO Global X High Interest Savings ETF | -0.93% | 7.36% | -3.63% | 7.67% | -3.72% | -2.56% |
Correlation
The correlation between EEMV and CASH.TO is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2021 | 0.01 |
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Return for Risk
EEMV vs. CASH.TO — Risk / Return Rank
EEMV
CASH.TO
EEMV vs. CASH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) 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.
| EEMV | CASH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.01 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 0.09 | +2.16 |
| Martin ratioReturn relative to average drawdown | 8.21 | 0.17 | +8.04 |
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
| EEMV | CASH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.06 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.12 | +0.25 |
Drawdowns
EEMV vs. CASH.TO - Drawdown Comparison
The maximum EEMV drawdown since its inception was -31.56%, which is greater than CASH.TO's maximum drawdown of -9.29%. Use the drawdown chart below to compare losses from any high point for EEMV and CASH.TO.
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Drawdown Indicators
| EEMV | CASH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.56% | -9.29% | -22.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -3.03% | -6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.47% | -7.69% | -4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.56% | — | — |
Current DrawdownCurrent decline from peak | -4.70% | -2.49% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -2.80% | -5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.53% | +0.99% |
Volatility
EEMV vs. CASH.TO - Volatility Comparison
iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) has a higher volatility of 7.37% compared to Global X High Interest Savings ETF (CASH.TO) at 0.74%. This indicates that EEMV's price experiences larger fluctuations and is considered to be riskier 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
| EEMV | CASH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 0.74% | +6.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 3.34% | +9.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 4.42% | +9.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.06% | 6.26% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 6.26% | +7.68% |
EEMV vs. CASH.TO - Expense Ratio Comparison
EEMV has a 0.25% expense ratio, which is higher than CASH.TO's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EEMV vs. CASH.TO - Dividend Comparison
EEMV's dividend yield for the trailing twelve months is around 2.33%, more than CASH.TO's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 2.19% | 2.53% | 4.37% | 5.05% | 2.30% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 2.33% | 2.65% | 3.50% | 2.75% | 1.93% | 2.14% | 2.45% | 2.63% | 2.46% | 2.34% | 2.79% | 2.55% |
Frequently Asked Questions
EEMV and CASH.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, CASH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CASH.TO is cheaper with a 0.11% expense ratio, compared with 0.25% for EEMV.
EEMV is categorized as Asia Pacific Equities, while CASH.TO is Money Market. They also come from different issuers: iShares and Global X. Their fees differ too: 0.25% for EEMV and 0.11% for CASH.TO.
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