MCAD.TO vs. DFEQX
Compare and contrast key facts about Evolve Premium Cash Management ETF (MCAD.TO) and DFA Short-Term Extended Quality Portfolio (DFEQX).
MCAD.TO is an actively managed fund by Evolve. It was launched on May 26, 2023. DFEQX is managed by Dimensional. It was launched on Mar 4, 2009.
Performance
MCAD.TO vs. DFEQX - Performance Comparison
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MCAD.TO vs. DFEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MCAD.TO Evolve Premium Cash Management ETF | 0.56% | 2.85% | 4.88% | 2.30% |
DFEQX DFA Short-Term Extended Quality Portfolio | 1.75% | -0.51% | 14.56% | 2.38% |
Different Trading Currencies
MCAD.TO is traded in CAD, while DFEQX is traded in USD. To make them comparable, the DFEQX 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 0.56% return, which is significantly lower than DFEQX's 1.75% return.
MCAD.TO
- 1D
- 0.02%
- 1M
- 0.19%
- YTD
- 0.56%
- 6M
- 1.19%
- 1Y
- 2.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFEQX
- 1D
- 0.35%
- 1M
- 1.43%
- YTD
- 1.75%
- 6M
- 1.33%
- 1Y
- 0.25%
- 3Y*
- 5.69%
- 5Y*
- 4.01%
- 10Y*
- 2.59%
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MCAD.TO vs. DFEQX - Expense Ratio Comparison
MCAD.TO has a 0.20% expense ratio, which is higher than DFEQX's 0.19% 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%.
Return for Risk
MCAD.TO vs. DFEQX — Risk / Return Rank
MCAD.TO
DFEQX
MCAD.TO vs. DFEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Premium Cash Management ETF (MCAD.TO) and DFA Short-Term Extended Quality Portfolio (DFEQX). 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 | DFEQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.90 | 0.15 | +6.75 |
Sortino ratioReturn per unit of downside risk | 10.78 | 0.23 | +10.55 |
Omega ratioGain probability vs. loss probability | 5.69 | 1.03 | +4.66 |
Calmar ratioReturn relative to maximum drawdown | 16.27 | 0.12 | +16.14 |
Martin ratioReturn relative to average drawdown | 93.39 | 0.23 | +93.16 |
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 | DFEQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.90 | 0.15 | +6.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.85 | 0.61 | +5.23 |
Correlation
The correlation between MCAD.TO and DFEQX is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MCAD.TO vs. DFEQX - Dividend Comparison
MCAD.TO's dividend yield for the trailing twelve months is around 2.57%, less than DFEQX's 3.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCAD.TO Evolve Premium Cash Management ETF | 2.57% | 2.83% | 4.78% | 2.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DFEQX DFA Short-Term Extended Quality Portfolio | 3.94% | 3.62% | 4.40% | 3.34% | 1.78% | 1.05% | 0.47% | 2.18% | 3.14% | 1.51% | 1.59% | 1.72% |
Drawdowns
MCAD.TO vs. DFEQX - Drawdown Comparison
The maximum MCAD.TO drawdown since its inception was -0.43%, smaller than the maximum DFEQX drawdown of -15.32%. Use the drawdown chart below to compare losses from any high point for MCAD.TO and DFEQX.
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Drawdown Indicators
| MCAD.TO | DFEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.43% | -8.40% | +7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -0.76% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.40% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.65% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -0.96% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.17% | -0.14% |
Volatility
MCAD.TO vs. DFEQX - Volatility Comparison
The current volatility for Evolve Premium Cash Management ETF (MCAD.TO) is 0.04%, while DFA Short-Term Extended Quality Portfolio (DFEQX) has a volatility of 1.35%. This indicates that MCAD.TO experiences smaller price fluctuations and is considered to be less risky than DFEQX 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 | DFEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 1.35% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 0.28% | 3.41% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.38% | 5.37% | -4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.77% | 6.44% | -5.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.77% | 6.85% | -6.08% |