MCAD.TO vs. DFCFX
MCAD.TO (Evolve Premium Cash Management ETF) and DFCFX (DFA Two-Year Fixed Income Portfolio) are both Short-Term Bond funds. Over the past year, MCAD.TO returned 2.44% vs 5.98% for DFCFX. At a correlation of -0.01, they often move in opposite directions. MCAD.TO charges 0.20%/yr vs 0.21%/yr for DFCFX.
Performance
MCAD.TO vs. DFCFX - Performance Comparison
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Different Trading Currencies
MCAD.TO is traded in CAD, while DFCFX is traded in USD. To make them comparable, the DFCFX 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 1.07% return, which is significantly lower than DFCFX's 5.06% return.
MCAD.TO
- 1D
- 0.01%
- 1M
- 0.19%
- YTD
- 1.07%
- 6M
- 1.14%
- 1Y
- 2.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFCFX
- 1D
- -0.11%
- 1M
- 2.99%
- YTD
- 5.06%
- 6M
- 5.13%
- 1Y
- 5.98%
- 3Y*
- 6.62%
- 5Y*
- 6.78%
- 10Y*
- 3.50%
MCAD.TO vs. DFCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MCAD.TO Evolve Premium Cash Management ETF | 1.07% | 2.85% | 4.88% | -0.01% |
DFCFX DFA Two-Year Fixed Income Portfolio | 5.06% | -2.39% | 14.25% | 0.37% |
Correlation
The correlation between MCAD.TO and DFCFX is -0.00, 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 | -0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2023 | -0.01 |
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Return for Risk
MCAD.TO vs. DFCFX — Risk / Return Rank
MCAD.TO
DFCFX
MCAD.TO vs. DFCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Premium Cash Management ETF (MCAD.TO) and DFA Two-Year Fixed Income Portfolio (DFCFX). 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.
| MCAD.TO | DFCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.77 | ||
| Sortino ratioReturn per unit of downside risk | +7.62 | ||
| Omega ratioGain probability vs. loss probability | 4.93 | 1.24 | +3.69 |
| Calmar ratioReturn relative to maximum drawdown | 15.36 | 1.61 | +13.75 |
| Martin ratioReturn relative to average drawdown | 85.89 | 4.22 | +81.68 |
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Drawdowns
MCAD.TO vs. DFCFX - Drawdown Comparison
The maximum MCAD.TO drawdown since its inception was -0.43%, smaller than the maximum DFCFX drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for MCAD.TO and DFCFX.
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Drawdown Indicators
| MCAD.TO | DFCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.43% | -26.30% | +25.87% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -3.74% | +3.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.58% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.42% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -9.77% | +9.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.42% | -1.39% |
Volatility
MCAD.TO vs. DFCFX - Volatility Comparison
The current volatility for Evolve Premium Cash Management ETF (MCAD.TO) is 0.04%, while DFA Two-Year Fixed Income Portfolio (DFCFX) has a volatility of 1.22%. This indicates that MCAD.TO experiences smaller price fluctuations and is considered to be less risky than DFCFX 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 | DFCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 1.22% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 0.26% | 3.39% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.40% | 4.67% | -4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.65% | 7.75% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.65% | 7.40% | -6.75% |
MCAD.TO vs. DFCFX - Expense Ratio Comparison
MCAD.TO has a 0.20% expense ratio, which is lower than DFCFX's 0.21% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MCAD.TO vs. DFCFX - Dividend Comparison
MCAD.TO's dividend yield for the trailing twelve months is around 2.45%, less than DFCFX's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFCFX DFA Two-Year Fixed Income Portfolio | 2.92% | 2.16% | 4.90% | 3.43% | 1.32% | 8.29% | 0.67% | 2.22% | 1.87% | 1.22% | 0.79% | 0.53% |
MCAD.TO Evolve Premium Cash Management ETF | 2.45% | 2.83% | 4.78% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MCAD.TO and DFCFX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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