ESGD vs. CASH.TO
ESGD (iShares ESG Aware MSCI EAFE ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - ESGD is a Foreign Large Cap Equities fund tracking the MSCI EAFE Extended ESG Focus Index, while CASH.TO is a Money Market fund actively managed by Global X. ESGD is passively managed, while CASH.TO is actively managed. Over the past 3 years, ESGD returned 15.55%/yr vs 2.07%/yr for CASH.TO. At a 0.02 correlation, their price movements are largely independent. ESGD charges 0.20%/yr vs 0.11%/yr for CASH.TO.
Performance
ESGD vs. CASH.TO - Performance Comparison
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Different Trading Currencies
ESGD 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, ESGD achieves a 9.13% return, which is significantly higher than CASH.TO's -1.09% return.
ESGD
- 1D
- 0.25%
- 1M
- 1.66%
- YTD
- 9.13%
- 6M
- 10.49%
- 1Y
- 20.92%
- 3Y*
- 15.55%
- 5Y*
- 7.96%
- 10Y*
- —
CASH.TO
- 1D
- -0.16%
- 1M
- -1.73%
- YTD
- -1.09%
- 6M
- -0.39%
- 1Y
- -0.52%
- 3Y*
- 2.07%
- 5Y*
- —
- 10Y*
- —
ESGD vs. CASH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESGD iShares ESG Aware MSCI EAFE ETF | 9.13% | 29.63% | 3.95% | 18.53% | -15.17% | -1.29% |
CASH.TO Global X High Interest Savings ETF | -1.09% | 7.36% | -3.63% | 7.67% | -3.72% | -2.56% |
Correlation
The correlation between ESGD and CASH.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 | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | 0.02 |
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Return for Risk
ESGD vs. CASH.TO — Risk / Return Rank
ESGD
CASH.TO
ESGD vs. CASH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EAFE ETF (ESGD) 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.
| ESGD | CASH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.00 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.00 | +1.66 |
| Martin ratioReturn relative to average drawdown | 6.22 | 0.01 | +6.21 |
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Drawdowns
ESGD vs. CASH.TO - Drawdown Comparison
The maximum ESGD drawdown since its inception was -33.70%, 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 ESGD and CASH.TO.
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Drawdown Indicators
| ESGD | CASH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.70% | -9.29% | -24.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.68% | -3.03% | -8.65% |
Max Drawdown (3Y)Largest decline over 3 years | -13.86% | -7.69% | -6.17% |
Max Drawdown (5Y)Largest decline over 5 years | -30.03% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -2.71% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -2.80% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 1.57% | +1.57% |
Volatility
ESGD vs. CASH.TO - Volatility Comparison
iShares ESG Aware MSCI EAFE ETF (ESGD) has a higher volatility of 5.56% compared to Global X High Interest Savings ETF (CASH.TO) at 0.76%. This indicates that ESGD'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
| ESGD | CASH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 0.76% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 3.22% | +10.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 4.41% | +11.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 6.24% | +10.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 6.24% | +10.76% |
ESGD vs. CASH.TO - Expense Ratio Comparison
ESGD has a 0.20% 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
ESGD vs. CASH.TO - Dividend Comparison
ESGD's dividend yield for the trailing twelve months is around 3.30%, more than CASH.TO's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ESGD iShares ESG Aware MSCI EAFE ETF | 3.30% | 3.60% | 3.23% | 3.02% | 2.59% | 2.75% | 1.63% | 2.57% | 2.69% | 2.65% | 0.09% |
Frequently Asked Questions
ESGD and CASH.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.
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 0.20% for ESGD.
ESGD is categorized as Foreign Large Cap Equities, while CASH.TO is Money Market. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for ESGD and 0.11% for CASH.TO.
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