MCAD.TO vs. STBFX

Last updated Jun 4, 2026

MCAD.TO (Evolve Premium Cash Management ETF) and STBFX (Sextant Short Term Bond Fund) are both Short-Term Bond funds. At a 0.06 correlation, their price movements are largely independent. MCAD.TO charges 0.20%/yr vs 0.60%/yr for STBFX.

Performance

MCAD.TO vs. STBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Premium Cash Management ETF (MCAD.TO) and Sextant Short Term Bond Fund (STBFX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

MCAD.TO

• 1D: 0.00%
• 1M: 0.19%
• YTD: 0.94%
• 6M: 1.14%
• 1Y: 2.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

STBFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MCAD.TO vs. STBFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MCAD.TO Evolve Premium Cash Management ETF	0.94%	2.85%	4.88%	2.30%
STBFX Sextant Short Term Bond Fund	0.31%	0.11%	12.80%	1.65%

Correlation

The correlation between MCAD.TO and STBFX is -0.09, 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	-0.09
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023	0.06

The correlation between MCAD.TO and STBFX shifts across timeframes, from -0.09 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MCAD.TO vs. STBFX — 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: 100
MCAD.TO Sharpe Ratio Rank: 100
MCAD.TO Sortino Ratio Rank: 99
MCAD.TO Omega Ratio Rank: 100
MCAD.TO Calmar Ratio Rank: 99
MCAD.TO Martin Ratio Rank: 100

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. STBFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Premium Cash Management ETF (MCAD.TO) and Sextant Short Term Bond Fund (STBFX). 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	STBFX	Difference
Sharpe ratio: Return per unit of total volatility	6.11	—	—
Sortino ratio: Return per unit of downside risk	9.51	—	—
Omega ratio: Gain probability vs. loss probability	4.85	—	—
Calmar ratio: Return relative to maximum drawdown	15.55	—	—
Martin ratio: Return relative to average drawdown	86.93	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MCAD.TO	STBFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.78	—	—

Drawdowns

Drawdown Indicators

	MCAD.TO	STBFX	Difference
Max Drawdown Largest peak-to-trough decline	-0.43%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.16%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.02%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	—	—

Volatility

Volatility by Period

	MCAD.TO	STBFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.41%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.75%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.75%	—	—

MCAD.TO vs. STBFX - Expense Ratio Comparison

MCAD.TO has a 0.20% expense ratio, which is lower than STBFX's 0.60% expense ratio.

Dividends

MCAD.TO vs. STBFX - Dividend Comparison

MCAD.TO's dividend yield for the trailing twelve months is around 2.45%, less than STBFX's 2.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCAD.TO Evolve Premium Cash Management ETF	2.45%	2.83%	4.78%	2.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
STBFX Sextant Short Term Bond Fund	2.61%	3.17%	2.77%	1.84%	1.04%	1.07%	1.60%	1.75%	1.47%	1.30%	1.06%	1.07%

Frequently Asked Questions

Can I hold both MCAD.TO and STBFX in my portfolio?

MCAD.TO and STBFX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.