HISA.NEO vs. CSAV.TO
Compare and contrast key facts about Evolve High Interest Savings Account ETF (HISA.NEO) and CI High Interest Savings ETF (CSAV.TO).
HISA.NEO and CSAV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HISA.NEO is an actively managed fund by Evolve. It was launched on Nov 19, 2019. CSAV.TO is an actively managed fund by CI Investments. It was launched on Jun 14, 2019.
Performance
HISA.NEO vs. CSAV.TO - Performance Comparison
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HISA.NEO vs. CSAV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HISA.NEO Evolve High Interest Savings Account ETF | 0.30% | 2.30% | 3.78% | 4.66% | 2.28% | 0.52% | 0.82% | 0.76% |
CSAV.TO CI High Interest Savings ETF | 0.48% | 2.55% | 4.43% | 5.05% | 2.31% | 0.72% | 1.00% | 0.21% |
Returns By Period
In the year-to-date period, HISA.NEO achieves a 0.30% return, which is significantly lower than CSAV.TO's 0.48% return.
HISA.NEO
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.30%
- 6M
- 0.87%
- 1Y
- 2.17%
- 3Y*
- 3.30%
- 5Y*
- 2.73%
- 10Y*
- —
CSAV.TO
- 1D
- 0.01%
- 1M
- 0.16%
- YTD
- 0.48%
- 6M
- 1.05%
- 1Y
- 2.32%
- 3Y*
- 3.76%
- 5Y*
- 3.04%
- 10Y*
- —
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HISA.NEO vs. CSAV.TO - Expense Ratio Comparison
Both HISA.NEO and CSAV.TO have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
HISA.NEO vs. CSAV.TO — Risk / Return Rank
HISA.NEO
CSAV.TO
HISA.NEO vs. CSAV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve High Interest Savings Account ETF (HISA.NEO) 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.
| HISA.NEO | CSAV.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.81 | 10.07 | -3.26 |
Sortino ratioReturn per unit of downside risk | 11.79 | 29.15 | -17.36 |
Omega ratioGain probability vs. loss probability | 5.96 | 6.22 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 13.54 | 117.06 | -103.52 |
Martin ratioReturn relative to average drawdown | 152.99 | 446.73 | -293.74 |
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
| HISA.NEO | CSAV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.81 | 10.07 | -3.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.08 | 11.35 | -5.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.21 | 10.19 | -4.98 |
Correlation
The correlation between HISA.NEO and CSAV.TO is 0.18, 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
HISA.NEO vs. CSAV.TO - Dividend Comparison
HISA.NEO's dividend yield for the trailing twelve months is around 2.35%, more than CSAV.TO's 2.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HISA.NEO Evolve High Interest Savings Account ETF | 2.35% | 2.32% | 3.65% | 4.60% | 2.22% | 0.52% | 0.84% | 0.76% |
CSAV.TO CI High Interest Savings ETF | 2.31% | 2.54% | 4.40% | 4.90% | 2.15% | 0.73% | 0.97% | 1.14% |
Drawdowns
HISA.NEO vs. CSAV.TO - Drawdown Comparison
The maximum HISA.NEO drawdown since its inception was -0.42%, which is greater than CSAV.TO's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for HISA.NEO and CSAV.TO.
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Drawdown Indicators
| HISA.NEO | CSAV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.42% | -0.03% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -0.02% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -0.42% | -0.03% | -0.39% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.01% | 0.00% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.01% | +0.01% |
Volatility
HISA.NEO vs. CSAV.TO - Volatility Comparison
Evolve High Interest Savings Account ETF (HISA.NEO) has a higher volatility of 0.08% compared to CI High Interest Savings ETF (CSAV.TO) at 0.07%. This indicates that HISA.NEO'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
| HISA.NEO | CSAV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 0.07% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.31% | 0.17% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.35% | 0.23% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.46% | 0.27% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.48% | 0.26% | +0.22% |