HISU-U.TO vs. SPMO

Last updated Jun 4, 2026

HISU-U.TO (Evolve US High Interest Savings Account Fund) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - HISU-U.TO is a Money Market fund actively managed by Evolve, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. HISU-U.TO is actively managed, while SPMO is passively managed. Over the past 3 years, HISU-U.TO returned 3.39%/yr vs 43.04%/yr for SPMO. At a 0.02 correlation, their price movements are largely independent. HISU-U.TO charges 0.15%/yr vs 0.13%/yr for SPMO.

Performance

HISU-U.TO vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Evolve US High Interest Savings Account Fund (HISU-U.TO) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HISU-U.TO achieves a 1.04% return, which is significantly lower than SPMO's 30.35% return.

HISU-U.TO

• 1D: 0.01%
• 1M: 0.21%
• YTD: 1.04%
• 6M: 1.26%
• 1Y: 2.76%
• 3Y*: 3.39%
• 5Y*: —
• 10Y*: —

SPMO

• 1D: 0.50%
• 1M: 15.36%
• YTD: 30.35%
• 6M: 30.51%
• 1Y: 46.00%
• 3Y*: 43.04%
• 5Y*: 24.29%
• 10Y*: 20.95%

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

HISU-U.TO vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HISU-U.TO Evolve US High Interest Savings Account Fund	1.04%	2.97%	3.80%	3.89%	0.93%
SPMO Invesco S&P 500 Momentum ETF	30.35%	26.58%	45.82%	17.56%	4.52%

Correlation

The correlation between HISU-U.TO and SPMO is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	0.02

Return for Risk

HISU-U.TO vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HISU-U.TO

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

SPMO

SPMO Risk / Return Rank: 75
SPMO Sharpe Ratio Rank: 79
SPMO Sortino Ratio Rank: 77
SPMO Omega Ratio Rank: 77
SPMO Calmar Ratio Rank: 71
SPMO Martin Ratio Rank: 73

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.

HISU-U.TO vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve US High Interest Savings Account Fund (HISU-U.TO) and Invesco S&P 500 Momentum ETF (SPMO). 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.

	HISU-U.TO	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	7.76	2.62	+5.14
Sortino ratio: Return per unit of downside risk	10.56	3.54	+7.02
Omega ratio: Gain probability vs. loss probability	4.05	1.47	+2.59
Calmar ratio: Return relative to maximum drawdown	31.52	3.64	+27.88
Martin ratio: Return relative to average drawdown	122.63	14.17	+108.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HISU-U.TO vs. SPMO - Sharpe Ratio Comparison

The current HISU-U.TO Sharpe Ratio is 7.76, which is higher than the SPMO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of HISU-U.TO and SPMO, 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

	HISU-U.TO	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.76	2.62	+5.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	8.23	1.01	+7.22

Drawdowns

HISU-U.TO vs. SPMO - Drawdown Comparison

The maximum HISU-U.TO drawdown since its inception was -0.12%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for HISU-U.TO and SPMO.

Drawdown Indicators

	HISU-U.TO	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-0.12%	-30.95%	+30.83%
Max Drawdown (1Y) Largest decline over 1 year	-0.09%	-12.70%	+12.61%
Max Drawdown (3Y) Largest decline over 3 years	-0.12%	-20.13%	+20.01%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.95%	—
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.01%	-4.60%	+4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	3.26%	-3.24%

Volatility

HISU-U.TO vs. SPMO - Volatility Comparison

The current volatility for Evolve US High Interest Savings Account Fund (HISU-U.TO) is 0.10%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.35%. This indicates that HISU-U.TO experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HISU-U.TO	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	7.35%	-7.25%
Volatility (6M) Calculated over the trailing 6-month period	0.23%	14.39%	-14.16%
Volatility (1Y) Calculated over the trailing 1-year period	0.36%	17.64%	-17.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.41%	19.30%	-18.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.41%	20.31%	-19.90%

HISU-U.TO vs. SPMO - Expense Ratio Comparison

HISU-U.TO has a 0.15% expense ratio, which is higher than SPMO's 0.13% 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

HISU-U.TO vs. SPMO - Dividend Comparison

HISU-U.TO's dividend yield for the trailing twelve months is around 2.74%, more than SPMO's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HISU-U.TO Evolve US High Interest Savings Account Fund	2.74%	2.93%	3.70%	3.85%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPMO Invesco S&P 500 Momentum ETF	0.65%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%

Frequently Asked Questions

Can I hold both HISU-U.TO and SPMO in my portfolio?

HISU-U.TO and SPMO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HISU-U.TO or SPMO?

On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HISU-U.TO or SPMO?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.15% for HISU-U.TO.

What is the main difference between HISU-U.TO and SPMO?

HISU-U.TO is categorized as Money Market, while SPMO is Momentum. They also come from different issuers: Evolve and Invesco. Their fees differ too: 0.15% for HISU-U.TO and 0.13% for SPMO.