PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HISA.NEO vs. PSA.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HISA.NEO vs. PSA.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Evolve High Interest Savings Account ETF (HISA.NEO) and Purpose High Interest Savings Fund (PSA.TO).

HISA.NEO and PSA.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. PSA.TO is an actively managed fund by Purpose Investments. It was launched on Oct 15, 2013.

Performance

HISA.NEO vs. PSA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve High Interest Savings Account ETF (HISA.NEO) and Purpose High Interest Savings Fund (PSA.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

HISA.NEO vs. PSA.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
HISA.NEO
Evolve High Interest Savings Account ETF		0.30%2.30%3.78%4.66%2.28%0.52%0.82%0.76%
PSA.TO
Purpose High Interest Savings Fund		0.51%2.64%4.56%5.12%2.34%0.60%0.93%0.23%

Returns By Period

In the year-to-date period, HISA.NEO achieves a 0.30% return, which is significantly lower than PSA.TO's 0.51% 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*
—

PSA.TO

1D
0.01%
1M
0.18%
YTD
0.51%
6M
1.10%
1Y
2.43%
3Y*
3.88%
5Y*
3.11%
10Y*
2.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Evolve High Interest Savings Account ETF

Purpose High Interest Savings Fund

Often compared with HISA.NEO:
HISA.NEO vs. ZMMK.TOHISA.NEO vs. CASH.TOHISA.NEO vs. HISU-U.TOHISA.NEO vs. TECH.TOHISA.NEO vs. OILY.TOHISA.NEO vs. CMNY.TOHISA.NEO vs. HSUV-U.TO
Often compared with PSA.TO:
PSA.TO vs. CASH.TOPSA.TO vs. ZMMK.TOPSA.TO vs. HSAV.TOPSA.TO vs. MNY.TOPSA.TO vs. CBIL.TOPSA.TO vs. ZCS.TOPSA.TO vs. TCSH.TO

HISA.NEO vs. PSA.TO - Expense Ratio Comparison

HISA.NEO has a 0.15% expense ratio, which is lower than PSA.TO's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

PSA.TO
Purpose High Interest Savings Fund
HISA.NEO
Evolve High Interest Savings Account ETF

Return for Risk

HISA.NEO vs. PSA.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HISA.NEO
HISA.NEO Risk / Return Rank: 9999
Overall Rank
HISA.NEO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
HISA.NEO Sortino Ratio Rank: 9999
Sortino Ratio Rank
HISA.NEO Omega Ratio Rank: 100100
Omega Ratio Rank
HISA.NEO Calmar Ratio Rank: 9999
Calmar Ratio Rank
HISA.NEO Martin Ratio Rank: 9999
Martin Ratio Rank
PSA.TO
PSA.TO Risk / Return Rank: 100100
Overall Rank
PSA.TO Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
PSA.TO Sortino Ratio Rank: 100100
Sortino Ratio Rank
PSA.TO Omega Ratio Rank: 100100
Omega Ratio Rank
PSA.TO Calmar Ratio Rank: 100100
Calmar Ratio Rank
PSA.TO Martin Ratio Rank: 100100
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HISA.NEO vs. PSA.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 Purpose High Interest Savings Fund (PSA.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.NEOPSA.TODifference

Sharpe ratio

Return per unit of total volatility

6.81

10.29

-3.48

Sortino ratio

Return per unit of downside risk

11.79

28.35

-16.56

Omega ratio

Gain probability vs. loss probability

5.96

6.22

-0.26

Calmar ratio

Return relative to maximum drawdown

13.54

121.90

-108.36

Martin ratio

Return relative to average drawdown

152.99

422.60

-269.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HISA.NEO vs. PSA.TO - Sharpe Ratio Comparison

The current HISA.NEO Sharpe Ratio is 6.81, which is lower than the PSA.TO Sharpe Ratio of 10.29. The chart below compares the historical Sharpe Ratios of HISA.NEO and PSA.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

HISA.NEOPSA.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

6.81

10.29

-3.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

6.08

11.42

-5.34

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

9.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

5.21

9.23

-4.03

Correlation

The correlation between HISA.NEO and PSA.TO is 0.13, 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. PSA.TO - Dividend Comparison

HISA.NEO's dividend yield for the trailing twelve months is around 2.35%, less than PSA.TO's 2.41% yield.

TTM20252024202320222021202020192018201720162015
HISA.NEO
Evolve High Interest Savings Account ETF		2.35%2.32%3.65%4.60%2.22%0.52%0.84%0.76%0.00%0.00%0.00%0.00%
PSA.TO
Purpose High Interest Savings Fund		2.41%2.61%4.47%5.05%2.26%0.59%0.94%2.18%1.66%1.07%0.99%1.07%

Drawdowns

HISA.NEO vs. PSA.TO - Drawdown Comparison

The maximum HISA.NEO drawdown since its inception was -0.42%, which is greater than PSA.TO's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for HISA.NEO and PSA.TO.

Loading graphics...

Drawdown Indicators

HISA.NEOPSA.TODifference

Max Drawdown

Largest peak-to-trough decline

-0.42%

-0.04%

-0.38%

Max Drawdown (1Y)

Largest decline over 1 year

-0.18%

-0.02%

-0.16%

Max Drawdown (5Y)

Largest decline over 5 years

-0.42%

-0.04%

-0.38%

Max Drawdown (10Y)

Largest decline over 10 years

—

-0.04%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-0.01%

0.00%

-0.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.02%

0.01%

+0.01%

Volatility

HISA.NEO vs. PSA.TO - Volatility Comparison

Evolve High Interest Savings Account ETF (HISA.NEO) has a higher volatility of 0.08% compared to Purpose High Interest Savings Fund (PSA.TO) at 0.06%. This indicates that HISA.NEO's price experiences larger fluctuations and is considered to be riskier than PSA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

HISA.NEOPSA.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.08%

0.06%

+0.02%

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%

0.24%

+0.11%

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%

0.23%

+0.25%