HISA.NEO vs. UCSH-U.TO
HISA.NEO (Evolve High Interest Savings Account ETF) and UCSH-U.TO (Global X USD High Interest Savings ETF) are both Money Market funds. Both are actively managed. Over the past year, HISA.NEO returned 2.22% vs 6.28% for UCSH-U.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
HISA.NEO vs. UCSH-U.TO - Performance Comparison
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Different Trading Currencies
HISA.NEO is traded in CAD, while UCSH-U.TO is traded in USD. To make them comparable, the UCSH-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 1.08% return, which is significantly lower than UCSH-U.TO's 4.42% return.
HISA.NEO
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 1.04%
- YTD
- 1.08%
- 1Y
- 2.22%
- 3Y*
- 3.56%
- 5Y*
- 3.17%
- 10Y*
- —
UCSH-U.TO
- 1D
- -0.69%
- 1M
- 0.90%
- 6M
- 2.89%
- YTD
- 4.42%
- 1Y
- 6.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HISA.NEO vs. UCSH-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HISA.NEO Evolve High Interest Savings Account ETF | 1.08% | 2.54% | 4.23% |
UCSH-U.TO Global X USD High Interest Savings ETF | 4.42% | -0.59% | 11.69% |
Correlation
The correlation between HISA.NEO and UCSH-U.TO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2024 | 0.01 |
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Return for Risk
HISA.NEO vs. UCSH-U.TO — Risk / Return Rank
HISA.NEO
UCSH-U.TO
HISA.NEO vs. UCSH-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 Global X USD High Interest Savings ETF (UCSH-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.
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.
| HISA.NEO | UCSH-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.91 | ||
| Sortino ratioReturn per unit of downside risk | +6.50 | ||
| Omega ratioGain probability vs. loss probability | 5.50 | 1.26 | +4.24 |
| Calmar ratioReturn relative to maximum drawdown | 12.41 | 1.67 | +10.74 |
| Martin ratioReturn relative to average drawdown | 102.69 | 4.56 | +98.13 |
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Drawdowns
HISA.NEO vs. UCSH-U.TO - Drawdown Comparison
The maximum HISA.NEO drawdown since its inception was -0.22%, smaller than the maximum UCSH-U.TO drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for HISA.NEO and UCSH-U.TO.
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Drawdown Indicators
| HISA.NEO | UCSH-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.22% | -6.35% | +6.13% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -3.77% | +3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -0.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.22% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.11% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -1.98% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 1.38% | -1.36% |
Volatility
HISA.NEO vs. UCSH-U.TO - Volatility Comparison
The current volatility for Evolve High Interest Savings Account ETF (HISA.NEO) is 0.05%, while Global X USD High Interest Savings ETF (UCSH-U.TO) has a volatility of 1.31%. This indicates that HISA.NEO experiences smaller price fluctuations and is considered to be less risky than UCSH-U.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 | UCSH-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 1.31% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.29% | 3.30% | -3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.42% | 4.38% | -3.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.34% | 5.33% | -4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 5.33% | -4.94% |
Dividends
HISA.NEO vs. UCSH-U.TO - Dividend Comparison
HISA.NEO's dividend yield for the trailing twelve months is around 2.22%, less than UCSH-U.TO's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HISA.NEO Evolve High Interest Savings Account ETF | 2.22% | 2.53% | 4.43% | 5.03% | 2.28% | 0.57% | 0.90% | 0.54% |
UCSH-U.TO Global X USD High Interest Savings ETF | 3.65% | 4.04% | 4.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HISA.NEO and UCSH-U.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Evolve and Global X.
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