HISA.NEO vs. PSU-U.TO

Last updated Jun 5, 2026

HISA.NEO (Evolve High Interest Savings Account ETF) and PSU-U.TO (Purpose US Cash Fund) are both Money Market funds. Both are actively managed. Over the past 5 years, HISA.NEO returned 2.77%/yr vs 5.62%/yr for PSU-U.TO. At a correlation of -0.00, they often move in opposite directions. HISA.NEO charges 0.15%/yr vs 0.17%/yr for PSU-U.TO.

Performance

HISA.NEO vs. PSU-U.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 US Cash Fund (PSU-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HISA.NEO is traded in CAD, while PSU-U.TO is traded in USD. To make them comparable, the PSU-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HISA.NEO achieves a 0.60% return, which is significantly lower than PSU-U.TO's 2.45% return.

HISA.NEO

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.60%
• 6M: 0.80%
• 1Y: 2.01%
• 3Y*: 3.11%
• 5Y*: 2.77%
• 10Y*: —

PSU-U.TO

• 1D: 0.11%
• 1M: 2.35%
• YTD: 2.45%
• 6M: 0.86%
• 1Y: 4.47%
• 3Y*: 4.54%
• 5Y*: 5.62%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HISA.NEO vs. PSU-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HISA.NEO Evolve High Interest Savings Account ETF	0.60%	2.30%	3.78%	4.66%	2.28%	0.52%	0.82%	0.76%
PSU-U.TO Purpose US Cash Fund	2.45%	-1.75%	12.58%	1.64%	8.73%	-0.62%	-1.27%	-2.32%

Correlation

The correlation between HISA.NEO and PSU-U.TO is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019	-0.00

The correlation between HISA.NEO and PSU-U.TO shifts across timeframes, from -0.14 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HISA.NEO vs. PSU-U.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: 86
HISA.NEO Sharpe Ratio Rank: 88
HISA.NEO Sortino Ratio Rank: 95
HISA.NEO Omega Ratio Rank: 99
HISA.NEO Calmar Ratio Rank: 54
HISA.NEO Martin Ratio Rank: 94

PSU-U.TO

PSU-U.TO Risk / Return Rank: 99
PSU-U.TO Sharpe Ratio Rank: 99
PSU-U.TO Sortino Ratio Rank: 99
PSU-U.TO Omega Ratio Rank: 99
PSU-U.TO Calmar Ratio Rank: 99
PSU-U.TO Martin Ratio Rank: 99

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. PSU-U.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 US Cash Fund (PSU-U.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	PSU-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.87	0.98	+1.89
Sortino ratio: Return per unit of downside risk	5.03	1.37	+3.66
Omega ratio: Gain probability vs. loss probability	5.25	1.18	+4.08
Calmar ratio: Return relative to maximum drawdown	2.62	1.10	+1.52
Martin ratio: Return relative to average drawdown	27.66	2.85	+24.81
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. PSU-U.TO - Sharpe Ratio Comparison

The current HISA.NEO Sharpe Ratio is 2.87, which is higher than the PSU-U.TO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of HISA.NEO and PSU-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HISA.NEO	PSU-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.87	0.98	+1.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.78	0.89	+1.88
Sharpe Ratio (All Time) Calculated using the full available price history	2.35	0.46	+1.89

Drawdowns

HISA.NEO vs. PSU-U.TO - Drawdown Comparison

The maximum HISA.NEO drawdown since its inception was -0.42%, smaller than the maximum PSU-U.TO drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for HISA.NEO and PSU-U.TO.

Drawdown Indicators

	HISA.NEO	PSU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.42%	-16.93%	+16.51%
Max Drawdown (1Y) Largest decline over 1 year	-0.18%	-4.07%	+3.89%
Max Drawdown (3Y) Largest decline over 3 years	-0.42%	-5.47%	+5.05%
Max Drawdown (5Y) Largest decline over 5 years	-0.42%	-5.47%	+5.05%
Current Drawdown Current decline from peak	-0.02%	-0.59%	+0.57%
Average Drawdown Average peak-to-trough decline	-0.01%	-4.86%	+4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	1.57%	-1.56%

Volatility

HISA.NEO vs. PSU-U.TO - Volatility Comparison

The current volatility for Evolve High Interest Savings Account ETF (HISA.NEO) is 0.03%, while Purpose US Cash Fund (PSU-U.TO) has a volatility of 0.80%. This indicates that HISA.NEO experiences smaller price fluctuations and is considered to be less risky than PSU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HISA.NEO	PSU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.03%	0.80%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	0.08%	3.43%	-3.35%
Volatility (1Y) Calculated over the trailing 1-year period	0.36%	4.58%	-4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.46%	6.32%	-5.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.47%	6.56%	-6.09%

HISA.NEO vs. PSU-U.TO - Expense Ratio Comparison

HISA.NEO has a 0.15% expense ratio, which is lower than PSU-U.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%.

Dividends

HISA.NEO vs. PSU-U.TO - Dividend Comparison

HISA.NEO's dividend yield for the trailing twelve months is around 2.27%, less than PSU-U.TO's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HISA.NEO Evolve High Interest Savings Account ETF	2.27%	2.32%	3.65%	4.60%	2.22%	0.52%	0.84%	0.76%	0.00%
PSU-U.TO Purpose US Cash Fund	2.70%	2.90%	3.65%	3.87%	1.45%	0.29%	0.41%	1.70%	1.20%

Frequently Asked Questions

Can I hold both HISA.NEO and PSU-U.TO in my portfolio?

HISA.NEO and PSU-U.TO have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HISA.NEO or PSU-U.TO?

On fees, HISA.NEO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HISA.NEO or PSU-U.TO?

HISA.NEO is cheaper with a 0.15% expense ratio, compared with 0.17% for PSU-U.TO.

What is the main difference between HISA.NEO and PSU-U.TO?

They also come from different issuers: Evolve and Purpose Investments. Their fees differ too: 0.15% for HISA.NEO and 0.17% for PSU-U.TO.