HISA.NEO vs. ZUCM.TO
HISA.NEO (Evolve High Interest Savings Account ETF) and ZUCM.TO (BMO USD Cash Management ETF) are both Money Market funds. Both are actively managed. Over the past year, HISA.NEO returned 2.01% vs 5.72% for ZUCM.TO. At a correlation of -0.03, they often move in opposite directions. HISA.NEO charges 0.15%/yr vs 0.14%/yr for ZUCM.TO.
Performance
HISA.NEO vs. ZUCM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HISA.NEO achieves a 0.60% return, which is significantly lower than ZUCM.TO's 2.88% 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*
- —
ZUCM.TO
- 1D
- 0.10%
- 1M
- 2.35%
- YTD
- 2.88%
- 6M
- 1.35%
- 1Y
- 5.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HISA.NEO vs. ZUCM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HISA.NEO Evolve High Interest Savings Account ETF | 0.60% | 2.30% | 3.78% | 1.24% |
ZUCM.TO BMO USD Cash Management ETF | 2.88% | -0.61% | 14.39% | -1.38% |
Correlation
The correlation between HISA.NEO and ZUCM.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 (All Time) Calculated using the full available price history since Oct 3, 2023 | -0.03 |
The correlation between HISA.NEO and ZUCM.TO shifts across timeframes, from -0.14 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HISA.NEO vs. ZUCM.TO — Risk / Return Rank
HISA.NEO
ZUCM.TO
HISA.NEO vs. ZUCM.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 BMO USD Cash Management ETF (ZUCM.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 | ZUCM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +3.23 | ||
| Omega ratioGain probability vs. loss probability | 5.25 | 1.24 | +4.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 1.56 | +1.06 |
| Martin ratioReturn relative to average drawdown | 27.66 | 4.15 | +23.51 |
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 | ZUCM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | 1.30 | +1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.35 | 1.03 | +1.32 |
Drawdowns
HISA.NEO vs. ZUCM.TO - Drawdown Comparison
The maximum HISA.NEO drawdown since its inception was -0.42%, smaller than the maximum ZUCM.TO drawdown of -5.81%. Use the drawdown chart below to compare losses from any high point for HISA.NEO and ZUCM.TO.
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Drawdown Indicators
| HISA.NEO | ZUCM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.42% | -5.81% | +5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -3.69% | +3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -0.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.42% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -1.72% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.38% | -1.37% |
Volatility
HISA.NEO vs. ZUCM.TO - Volatility Comparison
The current volatility for Evolve High Interest Savings Account ETF (HISA.NEO) is 0.03%, while BMO USD Cash Management ETF (ZUCM.TO) has a volatility of 0.75%. This indicates that HISA.NEO experiences smaller price fluctuations and is considered to be less risky than ZUCM.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 | ZUCM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.03% | 0.75% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 0.08% | 3.23% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.36% | 4.43% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.46% | 5.34% | -4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.47% | 5.34% | -4.87% |
HISA.NEO vs. ZUCM.TO - Expense Ratio Comparison
HISA.NEO has a 0.15% expense ratio, which is higher than ZUCM.TO's 0.14% expense ratio. However, 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. ZUCM.TO - Dividend Comparison
HISA.NEO's dividend yield for the trailing twelve months is around 2.27%, less than ZUCM.TO's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HISA.NEO Evolve High Interest Savings Account ETF | 2.27% | 2.32% | 3.65% | 4.60% | 2.22% | 0.52% | 0.84% | 0.76% |
ZUCM.TO BMO USD Cash Management ETF | 3.81% | 4.19% | 4.88% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HISA.NEO and ZUCM.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.
On fees, ZUCM.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZUCM.TO is cheaper with a 0.14% expense ratio, compared with 0.15% for HISA.NEO.
They also come from different issuers: Evolve and BMO. Their fees differ too: 0.15% for HISA.NEO and 0.14% for ZUCM.TO.
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