ETSX.TO vs. HISA.NEO
Compare and contrast key facts about Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and Evolve High Interest Savings Account ETF (HISA.NEO).
ETSX.TO and HISA.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETSX.TO is a passively managed fund by Evolve that tracks the performance of the S&P/TSX 60. It was launched on Jan 9, 2023. HISA.NEO is an actively managed fund by Evolve. It was launched on Nov 19, 2019.
Performance
ETSX.TO vs. HISA.NEO - Performance Comparison
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ETSX.TO vs. HISA.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged | 0.82% | 25.93% | 18.50% | 6.16% |
HISA.NEO Evolve High Interest Savings Account ETF | 0.30% | 2.30% | 3.78% | 4.55% |
Returns By Period
In the year-to-date period, ETSX.TO achieves a 0.82% return, which is significantly higher than HISA.NEO's 0.30% return.
ETSX.TO
- 1D
- 1.29%
- 1M
- -4.15%
- YTD
- 0.82%
- 6M
- 7.20%
- 1Y
- 27.15%
- 3Y*
- 16.81%
- 5Y*
- —
- 10Y*
- —
HISA.NEO
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.30%
- 6M
- 0.87%
- 1Y
- 2.17%
- 3Y*
- 3.30%
- 5Y*
- 2.73%
- 10Y*
- —
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ETSX.TO vs. HISA.NEO - Expense Ratio Comparison
ETSX.TO has a 0.45% expense ratio, which is higher than HISA.NEO's 0.15% expense ratio.
Return for Risk
ETSX.TO vs. HISA.NEO — Risk / Return Rank
ETSX.TO
HISA.NEO
ETSX.TO vs. HISA.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and Evolve High Interest Savings Account ETF (HISA.NEO). 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.
| ETSX.TO | HISA.NEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 6.81 | -4.81 |
Sortino ratioReturn per unit of downside risk | 2.72 | 11.79 | -9.07 |
Omega ratioGain probability vs. loss probability | 1.41 | 5.96 | -4.55 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 13.54 | -11.13 |
Martin ratioReturn relative to average drawdown | 11.88 | 152.99 | -141.11 |
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
| ETSX.TO | HISA.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 6.81 | -4.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 6.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 5.21 | -3.87 |
Correlation
The correlation between ETSX.TO and HISA.NEO is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ETSX.TO vs. HISA.NEO - Dividend Comparison
ETSX.TO's dividend yield for the trailing twelve months is around 8.77%, more than HISA.NEO's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged | 8.77% | 9.39% | 9.20% | 9.92% | 0.00% | 0.00% | 0.00% | 0.00% |
HISA.NEO Evolve High Interest Savings Account ETF | 2.35% | 2.32% | 3.65% | 4.60% | 2.22% | 0.52% | 0.84% | 0.76% |
Drawdowns
ETSX.TO vs. HISA.NEO - Drawdown Comparison
The maximum ETSX.TO drawdown since its inception was -12.23%, which is greater than HISA.NEO's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for ETSX.TO and HISA.NEO.
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Drawdown Indicators
| ETSX.TO | HISA.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -0.42% | -11.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -0.18% | -9.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.42% | — |
Current DrawdownCurrent decline from peak | -4.81% | 0.00% | -4.81% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -0.01% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.02% | +2.00% |
Volatility
ETSX.TO vs. HISA.NEO - Volatility Comparison
Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) has a higher volatility of 5.04% compared to Evolve High Interest Savings Account ETF (HISA.NEO) at 0.08%. This indicates that ETSX.TO's price experiences larger fluctuations and is considered to be riskier than HISA.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETSX.TO | HISA.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 0.08% | +4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 0.31% | +8.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 0.35% | +13.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.75% | 0.46% | +11.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.75% | 0.48% | +11.27% |