FSF.TO vs. CSAV.TO
FSF.TO (CI Global Financial Sector ETF) and CSAV.TO (CI High Interest Savings ETF) are both exchange-traded funds - FSF.TO is a Financials Equities fund actively managed by CI, while CSAV.TO is a Money Market fund actively managed by CI. Both are actively managed. Over the past 5 years, FSF.TO returned 12.59%/yr vs 3.13%/yr for CSAV.TO. Their 0.02 correlation means their historical movements had little consistent relationship. FSF.TO charges 0.99%/yr vs 0.15%/yr for CSAV.TO.
Performance
FSF.TO vs. CSAV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FSF.TO achieves a 8.03% return, which is significantly higher than CSAV.TO's 1.18% return.
FSF.TO
- 1D
- 1.62%
- 1M
- 2.45%
- 6M
- 6.56%
- YTD
- 8.03%
- 1Y
- 19.56%
- 3Y*
- 22.87%
- 5Y*
- 12.59%
- 10Y*
- 30.36%
- ALL TIME*
- 14.13%
CSAV.TO
- 1D
- 0.02%
- 1M
- 0.15%
- 6M
- 1.01%
- YTD
- 1.18%
- 1Y
- 2.17%
- 3Y*
- 3.44%
- 5Y*
- 3.13%
- 10Y*
- —
- ALL TIME*
- 2.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | CA$1.49M | CA$1.26M | CA$1.48M |
| CA$661.89 | CA$2.69K | CA$6.54K |
FSF.TO vs. CSAV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FSF.TO CI Global Financial Sector ETF | 8.03% | 20.68% | 33.83% | 10.49% | -11.77% | 30.71% | -1.98% | 6.06% |
CSAV.TO CI High Interest Savings ETF | 1.18% | 2.54% | 4.43% | 5.04% | 2.29% | 0.55% | 0.92% | 1.14% |
Correlation
The correlation between FSF.TO and CSAV.TO is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.02 |
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Return for Risk
FSF.TO vs. CSAV.TO — Risk / Return Rank
FSF.TO
CSAV.TO
FSF.TO vs. CSAV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Financial Sector ETF (FSF.TO) and CI High Interest Savings ETF (CSAV.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.
| FSF.TO | CSAV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.57 | ||
| Sortino ratioReturn per unit of downside risk | -18.15 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 4.54 | -3.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 108.77 | -107.66 |
| Martin ratioReturn relative to average drawdown | 3.27 | 301.45 | -298.17 |
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Drawdowns
FSF.TO vs. CSAV.TO - Drawdown Comparison
The maximum FSF.TO drawdown since its inception was -73.78%, which is greater than CSAV.TO's maximum drawdown of -0.02%. Use the drawdown chart below to compare losses from any high point for FSF.TO and CSAV.TO.
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Drawdown Indicators
| FSF.TO | CSAV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -0.02% | -73.76% |
Max Drawdown (1Y)Largest decline over 1 year | -15.09% | -0.02% | -15.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.26% | -0.02% | -17.24% |
Max Drawdown (5Y)Largest decline over 5 years | -26.08% | -0.02% | -26.06% |
Max Drawdown (10Y)Largest decline over 10 years | -73.78% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | 0.00% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -16.16% | 0.00% | -16.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 0.01% | +5.11% |
Volatility
FSF.TO vs. CSAV.TO - Volatility Comparison
CI Global Financial Sector ETF (FSF.TO) has a higher volatility of 5.02% compared to CI High Interest Savings ETF (CSAV.TO) at 0.07%. This indicates that FSF.TO's price experiences larger fluctuations and is considered to be riskier than CSAV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSF.TO | CSAV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 0.07% | +4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 0.18% | +13.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 0.25% | +15.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 0.28% | +19.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 211.89% | 0.27% | +211.62% |
FSF.TO vs. CSAV.TO - Expense Ratio Comparison
FSF.TO has a 0.99% expense ratio, which is higher than CSAV.TO's 0.15% expense ratio.
Dividends
FSF.TO vs. CSAV.TO - Dividend Comparison
FSF.TO's dividend yield for the trailing twelve months is around 1.35%, less than CSAV.TO's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | 2.16% | 2.53% | 4.40% | 4.90% | 2.15% | 0.57% | 0.89% | 1.14% | 0.00% | 0.00% | 0.00% |
FSF.TO CI Global Financial Sector ETF | 1.35% | 1.28% | 1.41% | 2.10% | 2.35% | 0.74% | 1.28% | 1.91% | 2.30% | 0.96% | 0.79% |
Frequently Asked Questions
FSF.TO and CSAV.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, CSAV.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSAV.TO is cheaper with a 0.15% expense ratio, compared with 0.99% for FSF.TO.
FSF.TO is categorized as Financials Equities, while CSAV.TO is Money Market. Their fees differ too: 0.99% for FSF.TO and 0.15% for CSAV.TO.
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