MCAD.TO vs. CRDSX
MCAD.TO (Evolve Premium Cash Management ETF) and CRDSX (Catholic Responsible Investments Short Duration Bond Fund) are both Short-Term Bond funds. Over the past year, MCAD.TO returned 2.47% vs 4.89% for CRDSX. At a 0.05 correlation, their price movements are largely independent. MCAD.TO charges 0.20%/yr vs 0.35%/yr for CRDSX.
Performance
MCAD.TO vs. CRDSX - Performance Comparison
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Different Trading Currencies
MCAD.TO is traded in CAD, while CRDSX is traded in USD. To make them comparable, the CRDSX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MCAD.TO achieves a 0.94% return, which is significantly lower than CRDSX's 1.65% return.
MCAD.TO
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 0.94%
- 6M
- 1.14%
- 1Y
- 2.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRDSX
- 1D
- 0.42%
- 1M
- 1.91%
- YTD
- 1.65%
- 6M
- 0.29%
- 1Y
- 4.89%
- 3Y*
- 5.94%
- 5Y*
- —
- 10Y*
- —
MCAD.TO vs. CRDSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MCAD.TO Evolve Premium Cash Management ETF | 0.94% | 2.85% | 4.88% | 2.30% |
CRDSX Catholic Responsible Investments Short Duration Bond Fund | 1.65% | 0.67% | 13.81% | 2.99% |
Correlation
The correlation between MCAD.TO and CRDSX is -0.12, 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 | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.05 |
The correlation between MCAD.TO and CRDSX shifts across timeframes, from -0.12 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MCAD.TO vs. CRDSX — Risk / Return Rank
MCAD.TO
CRDSX
MCAD.TO vs. CRDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Premium Cash Management ETF (MCAD.TO) and Catholic Responsible Investments Short Duration Bond Fund (CRDSX). 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.
| MCAD.TO | CRDSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.03 | ||
| Sortino ratioReturn per unit of downside risk | +7.99 | ||
| Omega ratioGain probability vs. loss probability | 4.85 | 1.20 | +3.66 |
| Calmar ratioReturn relative to maximum drawdown | 15.55 | 1.30 | +14.24 |
| Martin ratioReturn relative to average drawdown | 86.93 | 3.31 | +83.62 |
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
| MCAD.TO | CRDSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.11 | 1.08 | +5.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.78 | 0.83 | +4.95 |
Drawdowns
MCAD.TO vs. CRDSX - Drawdown Comparison
The maximum MCAD.TO drawdown since its inception was -0.43%, smaller than the maximum CRDSX drawdown of -5.27%. Use the drawdown chart below to compare losses from any high point for MCAD.TO and CRDSX.
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Drawdown Indicators
| MCAD.TO | CRDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.43% | -5.27% | +4.84% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -3.80% | +3.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.27% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.77% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -1.50% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.50% | -1.47% |
Volatility
MCAD.TO vs. CRDSX - Volatility Comparison
The current volatility for Evolve Premium Cash Management ETF (MCAD.TO) is 0.04%, while Catholic Responsible Investments Short Duration Bond Fund (CRDSX) has a volatility of 0.72%. This indicates that MCAD.TO experiences smaller price fluctuations and is considered to be less risky than CRDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCAD.TO | CRDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 0.72% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 0.32% | 3.45% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 4.59% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.75% | 6.12% | -5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.75% | 6.12% | -5.37% |
MCAD.TO vs. CRDSX - Expense Ratio Comparison
MCAD.TO has a 0.20% expense ratio, which is lower than CRDSX's 0.35% expense ratio.
Dividends
MCAD.TO vs. CRDSX - Dividend Comparison
MCAD.TO's dividend yield for the trailing twelve months is around 2.45%, less than CRDSX's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CRDSX Catholic Responsible Investments Short Duration Bond Fund | 4.25% | 4.32% | 4.38% | 3.50% | 1.89% |
MCAD.TO Evolve Premium Cash Management ETF | 2.45% | 2.83% | 4.78% | 2.56% | 0.00% |
Frequently Asked Questions
MCAD.TO and CRDSX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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