MCAD.TO vs. VSMIX

Last updated Jun 4, 2026

MCAD.TO (Evolve Premium Cash Management ETF) and VSMIX (Vanguard Short-Term Investment-Grade Fund Investor Shares) are both Short-Term Bond funds. Over the past year, MCAD.TO returned 2.47% vs 63.92% for VSMIX. At a correlation of -0.03, they often move in opposite directions. Both charge a 0.20% expense ratio.

Performance

MCAD.TO vs. VSMIX - Performance Comparison

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

Different Trading Currencies

MCAD.TO is traded in CAD, while VSMIX is traded in USD. To make them comparable, the VSMIX 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 VSMIX's 32.60% return.

MCAD.TO

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

VSMIX

• 1D: 3.88%
• 1M: 9.46%
• YTD: 32.60%
• 6M: 32.19%
• 1Y: 63.92%
• 3Y*: 34.38%
• 5Y*: 23.12%
• 10Y*: 18.87%

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

MCAD.TO vs. VSMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MCAD.TO Evolve Premium Cash Management ETF	0.94%	2.85%	4.88%	2.30%
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares	32.60%	12.59%	35.54%	16.05%

Correlation

The correlation between MCAD.TO and VSMIX 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 Jul 7, 2023	-0.03

Return for Risk

MCAD.TO vs. VSMIX — 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

VSMIX

VSMIX Risk / Return Rank: 89
VSMIX Sharpe Ratio Rank: 93
VSMIX Sortino Ratio Rank: 84
VSMIX Omega Ratio Rank: 80
VSMIX Calmar Ratio Rank: 95
VSMIX Martin Ratio Rank: 93

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. VSMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Premium Cash Management ETF (MCAD.TO) and Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX). 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	VSMIX	Difference
Sharpe ratio: Return per unit of total volatility	6.11	3.35	+2.75
Sortino ratio: Return per unit of downside risk	9.51	4.17	+5.34
Omega ratio: Gain probability vs. loss probability	4.85	1.57	+3.28
Calmar ratio: Return relative to maximum drawdown	15.55	6.16	+9.39
Martin ratio: Return relative to average drawdown	86.93	22.87	+64.06
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. VSMIX - Sharpe Ratio Comparison

The current MCAD.TO Sharpe Ratio is 6.11, which is higher than the VSMIX Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of MCAD.TO and VSMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MCAD.TO	VSMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.11	3.35	+2.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.12	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.78	0.82	+4.96

Drawdowns

MCAD.TO vs. VSMIX - Drawdown Comparison

The maximum MCAD.TO drawdown since its inception was -0.43%, smaller than the maximum VSMIX drawdown of -51.99%. Use the drawdown chart below to compare losses from any high point for MCAD.TO and VSMIX.

Drawdown Indicators

	MCAD.TO	VSMIX	Difference
Max Drawdown Largest peak-to-trough decline	-0.43%	-51.99%	+51.56%
Max Drawdown (1Y) Largest decline over 1 year	-0.16%	-11.01%	+10.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.99%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.02%	-6.45%	+6.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	2.95%	-2.92%

Volatility

MCAD.TO vs. VSMIX - Volatility Comparison

The current volatility for Evolve Premium Cash Management ETF (MCAD.TO) is 0.04%, while Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX) has a volatility of 6.46%. This indicates that MCAD.TO experiences smaller price fluctuations and is considered to be less risky than VSMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCAD.TO	VSMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.04%	6.46%	-6.42%
Volatility (6M) Calculated over the trailing 6-month period	0.32%	15.67%	-15.35%
Volatility (1Y) Calculated over the trailing 1-year period	0.41%	20.22%	-19.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.75%	20.74%	-19.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.75%	24.37%	-23.62%

MCAD.TO vs. VSMIX - Expense Ratio Comparison

Both MCAD.TO and VSMIX have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

MCAD.TO vs. VSMIX - Dividend Comparison

MCAD.TO's dividend yield for the trailing twelve months is around 2.45%, less than VSMIX's 6.49% 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%
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares	6.49%	8.53%	7.40%	4.71%	9.53%	15.84%	0.40%	2.37%	26.83%	15.94%	1.65%	10.91%

Frequently Asked Questions

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

MCAD.TO and VSMIX 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.