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MCAD.TO vs. GPARX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

MCAD.TO vs. GPARX

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve Premium Cash Management ETF (MCAD.TO) and GuidePath Absolute Return Allocation Fund (GPARX).

MCAD.TO is an actively managed fund by Evolve. It was launched on May 26, 2023. GPARX is managed by GuidePath. It was launched on Apr 29, 2011.

Performance

MCAD.TO vs. GPARX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Premium Cash Management ETF (MCAD.TO) and GuidePath Absolute Return Allocation Fund (GPARX). The values are adjusted to include any dividend payments, if applicable.

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MCAD.TO vs. GPARX - Yearly Performance Comparison

2026 (YTD)202520242023
MCAD.TO
Evolve Premium Cash Management ETF		0.56%2.85%4.88%2.30%
GPARX
GuidePath Absolute Return Allocation Fund		6.31%2.50%13.15%3.84%
Different Trading Currencies

MCAD.TO is traded in CAD, while GPARX is traded in USD. To make them comparable, the GPARX 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 GPARX's 6.31% return.

MCAD.TO

1D
0.02%
1M
0.19%
YTD
0.56%
6M
1.19%
1Y
2.59%
3Y*
—
5Y*
—
10Y*
—

GPARX

1D
0.23%
1M
0.83%
YTD
6.31%
6M
6.48%
1Y
7.47%
3Y*
7.99%
5Y*
4.67%
10Y*
3.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Evolve Premium Cash Management ETF

GuidePath Absolute Return Allocation Fund

Often compared with MCAD.TO:
MCAD.TO vs. ZMMK.TOMCAD.TO vs. EVVMCAD.TO vs. DFAIXMCAD.TO vs. DBLSXMCAD.TO vs. DFCFXMCAD.TO vs. MNY.TOMCAD.TO vs. DFEQX
Often compared with GPARX:
GPARX vs. CDSRXGPARX vs. MWLDXGPARX vs. ACSNXGPARX vs. RSDIXGPARX vs. GPICXGPARX vs. STBCXGPARX vs. FMFIX

MCAD.TO vs. GPARX - Expense Ratio Comparison

MCAD.TO has a 0.20% expense ratio, which is lower than GPARX's 0.99% expense ratio.

GPARX
GuidePath Absolute Return Allocation Fund
MCAD.TO
Evolve Premium Cash Management ETF

Return for Risk

MCAD.TO vs. GPARX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MCAD.TO
MCAD.TO Risk / Return Rank: 100100
Overall Rank
MCAD.TO Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
MCAD.TO Sortino Ratio Rank: 100100
Sortino Ratio Rank
MCAD.TO Omega Ratio Rank: 100100
Omega Ratio Rank
MCAD.TO Calmar Ratio Rank: 100100
Calmar Ratio Rank
MCAD.TO Martin Ratio Rank: 100100
Martin Ratio Rank
GPARX
GPARX Risk / Return Rank: 8787
Overall Rank
GPARX Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
GPARX Sortino Ratio Rank: 8484
Sortino Ratio Rank
GPARX Omega Ratio Rank: 8686
Omega Ratio Rank
GPARX Calmar Ratio Rank: 8888
Calmar Ratio Rank
GPARX Martin Ratio Rank: 9191
Martin Ratio Rank
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.

MCAD.TO vs. GPARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Premium Cash Management ETF (MCAD.TO) and GuidePath Absolute Return Allocation Fund (GPARX). 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.TOGPARXDifference

Sharpe ratio

Return per unit of total volatility

6.90

1.12

+5.78

Sortino ratio

Return per unit of downside risk

10.78

1.60

+9.18

Omega ratio

Gain probability vs. loss probability

5.69

1.21

+4.49

Calmar ratio

Return relative to maximum drawdown

16.27

1.55

+14.71

Martin ratio

Return relative to average drawdown

93.39

3.39

+90.01

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MCAD.TO vs. GPARX - Sharpe Ratio Comparison

The current MCAD.TO Sharpe Ratio is 6.90, which is higher than the GPARX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of MCAD.TO and GPARX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

MCAD.TOGPARXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

6.90

1.12

+5.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.70

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

5.85

0.76

+5.09

Correlation

The correlation between MCAD.TO and GPARX is 0.05, 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. GPARX - Dividend Comparison

MCAD.TO's dividend yield for the trailing twelve months is around 2.57%, less than GPARX's 3.16% yield.

TTM20252024202320222021202020192018201720162015
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%
GPARX
GuidePath Absolute Return Allocation Fund		3.16%3.31%4.99%4.81%2.42%1.99%2.45%2.76%2.27%1.60%3.17%2.15%

Drawdowns

MCAD.TO vs. GPARX - Drawdown Comparison

The maximum MCAD.TO drawdown since its inception was -0.43%, smaller than the maximum GPARX drawdown of -11.85%. Use the drawdown chart below to compare losses from any high point for MCAD.TO and GPARX.

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Drawdown Indicators

MCAD.TOGPARXDifference

Max Drawdown

Largest peak-to-trough decline

-0.43%

-15.56%

+15.13%

Max Drawdown (1Y)

Largest decline over 1 year

-0.16%

-4.68%

+4.52%

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.56%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-15.56%

—

Current Drawdown

Current decline from peak

0.00%

-1.46%

+1.46%

Average Drawdown

Average peak-to-trough decline

-0.02%

-2.40%

+2.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.03%

1.02%

-0.99%

Volatility

MCAD.TO vs. GPARX - Volatility Comparison

The current volatility for Evolve Premium Cash Management ETF (MCAD.TO) is 0.04%, while GuidePath Absolute Return Allocation Fund (GPARX) has a volatility of 2.31%. This indicates that MCAD.TO experiences smaller price fluctuations and is considered to be less risky than GPARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MCAD.TOGPARXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.04%

2.31%

-2.27%

Volatility (6M)

Calculated over the trailing 6-month period

0.28%

5.52%

-5.24%

Volatility (1Y)

Calculated over the trailing 1-year period

0.38%

6.97%

-6.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.77%

6.67%

-5.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.77%

6.74%

-5.97%