HISU-U.TO vs. SPMO

Last updated Jun 25, 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 4.65%/yr vs 42.30%/yr for SPMO. At a 0.01 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 1.63% return, which is significantly lower than SPMO's 29.45% return.

HISU-U.TO

• 1D: 0.02%
• 1M: 0.28%
• YTD: 1.63%
• 6M: 1.70%
• 1Y: 3.79%
• 3Y*: 4.65%
• 5Y*: —
• 10Y*: —

SPMO

• 1D: -0.36%
• 1M: 6.27%
• YTD: 29.45%
• 6M: 27.18%
• 1Y: 41.07%
• 3Y*: 42.30%
• 5Y*: 22.83%
• 10Y*: 20.99%

*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	1.63%	4.17%	5.24%	5.29%	1.25%
SPMO Invesco S&P 500 Momentum ETF	29.45%	26.58%	45.82%	17.56%	3.22%

Correlation

The correlation between HISU-U.TO and SPMO is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022	0.01

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: 100
HISU-U.TO Sharpe Ratio Rank: 100
HISU-U.TO Sortino Ratio Rank: 100
HISU-U.TO Omega Ratio Rank: 100
HISU-U.TO Calmar Ratio Rank: 100
HISU-U.TO Martin Ratio Rank: 100

SPMO

SPMO Risk / Return Rank: 70
SPMO Sharpe Ratio Rank: 70
SPMO Sortino Ratio Rank: 65
SPMO Omega Ratio Rank: 70
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.

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.

	HISU-U.TO	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	20.00	2.02	+17.99
Sortino ratio: Return per unit of downside risk	373.63	2.68	+370.95
Omega ratio: Gain probability vs. loss probability	373.89	1.37	+372.51
Calmar ratio: Return relative to maximum drawdown	381.41	3.25	+378.16
Martin ratio: Return relative to average drawdown	6,042.67	12.18	+6,030.49

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

The current HISU-U.TO Sharpe Ratio is 20.00, which is higher than the SPMO Sharpe Ratio of 2.02. 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.

Drawdowns

HISU-U.TO vs. SPMO - Drawdown Comparison

The maximum HISU-U.TO drawdown since its inception was -0.03%, 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	-0.03%	-30.95%	+30.92%
Max Drawdown (1Y) Largest decline over 1 year	-0.01%	-12.70%	+12.69%
Max Drawdown (3Y) Largest decline over 3 years	-0.03%	-20.13%	+20.10%
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	0.00%	-4.87%	+4.87%
Average Drawdown Average peak-to-trough decline	-0.00%	-4.59%	+4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	3.38%	-3.38%

Volatility

HISU-U.TO vs. SPMO - Volatility Comparison

The current volatility for Evolve US High Interest Savings Account Fund (HISU-U.TO) is 0.05%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.77%. 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	0.05%	11.77%	-11.72%
Volatility (6M) Calculated over the trailing 6-month period	0.12%	17.74%	-17.62%
Volatility (1Y) Calculated over the trailing 1-year period	0.19%	20.51%	-20.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.22%	19.87%	-19.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.22%	20.60%	-20.38%

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 3.78%, more than SPMO's 0.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HISU-U.TO Evolve US High Interest Savings Account Fund	3.78%	4.10%	5.08%	5.20%	1.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPMO Invesco S&P 500 Momentum ETF	0.68%	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 0.02, 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.