HISU-U.TO vs. VFV.TO

Last updated Jun 4, 2026

HISU-U.TO (Evolve US High Interest Savings Account Fund) and VFV.TO (Vanguard S&P 500 Index ETF) are both exchange-traded funds - HISU-U.TO is a Money Market fund actively managed by Evolve, while VFV.TO is a S&P 500 fund tracking the S&P 500 Index. HISU-U.TO is actively managed, while VFV.TO is passively managed. Over the past 3 years, HISU-U.TO returned 3.39%/yr vs 22.44%/yr for VFV.TO. At a 0.00 correlation, their price movements are largely independent. HISU-U.TO charges 0.15%/yr vs 0.09%/yr for VFV.TO.

Performance

HISU-U.TO vs. VFV.TO - 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 Vanguard S&P 500 Index ETF (VFV.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, HISU-U.TO achieves a 1.04% return, which is significantly lower than VFV.TO's 11.65% return.

HISU-U.TO

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

VFV.TO

• 1D: 0.00%
• 1M: 5.86%
• YTD: 11.65%
• 6M: 11.63%
• 1Y: 28.66%
• 3Y*: 22.44%
• 5Y*: 13.76%
• 10Y*: 15.29%

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

HISU-U.TO vs. VFV.TO - 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%
VFV.TO Vanguard S&P 500 Index ETF	10.91%	17.56%	24.55%	26.04%	-3.36%

Correlation

The correlation between HISU-U.TO and VFV.TO 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	0.05
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	0.00

Return for Risk

HISU-U.TO vs. VFV.TO — 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

VFV.TO

VFV.TO Risk / Return Rank: 74
VFV.TO Sharpe Ratio Rank: 78
VFV.TO Sortino Ratio Rank: 77
VFV.TO Omega Ratio Rank: 78
VFV.TO Calmar Ratio Rank: 68
VFV.TO Martin Ratio Rank: 69

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. VFV.TO - 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 Vanguard S&P 500 Index ETF (VFV.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.

	HISU-U.TO	VFV.TO	Difference
Sharpe ratio: Return per unit of total volatility	7.76	2.45	+5.31
Sortino ratio: Return per unit of downside risk	10.56	3.34	+7.22
Omega ratio: Gain probability vs. loss probability	4.05	1.44	+2.61
Calmar ratio: Return relative to maximum drawdown	31.52	3.24	+28.28
Martin ratio: Return relative to average drawdown	122.63	14.94	+107.68
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. VFV.TO - Sharpe Ratio Comparison

The current HISU-U.TO Sharpe Ratio is 7.76, which is higher than the VFV.TO Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of HISU-U.TO and VFV.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

	HISU-U.TO	VFV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.76	2.45	+5.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	8.23	0.88	+7.35

Drawdowns

HISU-U.TO vs. VFV.TO - Drawdown Comparison

The maximum HISU-U.TO drawdown since its inception was -0.12%, smaller than the maximum VFV.TO drawdown of -33.93%. Use the drawdown chart below to compare losses from any high point for HISU-U.TO and VFV.TO.

Drawdown Indicators

	HISU-U.TO	VFV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.12%	-33.93%	+33.81%
Max Drawdown (1Y) Largest decline over 1 year	-0.09%	-8.89%	+8.80%
Max Drawdown (3Y) Largest decline over 3 years	-0.12%	-18.82%	+18.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.93%	—
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.01%	-3.74%	+3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	1.92%	-1.90%

Volatility

HISU-U.TO vs. VFV.TO - Volatility Comparison

The current volatility for Evolve US High Interest Savings Account Fund (HISU-U.TO) is 0.10%, while Vanguard S&P 500 Index ETF (VFV.TO) has a volatility of 3.15%. This indicates that HISU-U.TO experiences smaller price fluctuations and is considered to be less risky than VFV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HISU-U.TO	VFV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	3.15%	-3.05%
Volatility (6M) Calculated over the trailing 6-month period	0.23%	8.88%	-8.65%
Volatility (1Y) Calculated over the trailing 1-year period	0.36%	11.78%	-11.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.41%	16.89%	-16.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.41%	18.31%	-17.90%

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

HISU-U.TO has a 0.15% expense ratio, which is higher than VFV.TO's 0.09% 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. VFV.TO - Dividend Comparison

HISU-U.TO's dividend yield for the trailing twelve months is around 2.74%, more than VFV.TO's 0.83% 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%
VFV.TO Vanguard S&P 500 Index ETF	0.83%	0.92%	0.99%	1.20%	1.31%	1.06%	1.33%	1.55%	1.68%	1.50%	1.66%	1.63%

Frequently Asked Questions

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

HISU-U.TO and VFV.TO 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 VFV.TO?

On fees, VFV.TO is cheaper at 0.09% 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 VFV.TO?

VFV.TO is cheaper with a 0.09% expense ratio, compared with 0.15% for HISU-U.TO.

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

HISU-U.TO is categorized as Money Market, while VFV.TO is S&P 500. They also come from different issuers: Evolve and Vanguard. Their fees differ too: 0.15% for HISU-U.TO and 0.09% for VFV.TO.