MCAD.TO vs. VSMIX
Compare and contrast key facts about Evolve Premium Cash Management ETF (MCAD.TO) and Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX).
MCAD.TO is an actively managed fund by Evolve. It was launched on May 26, 2023. VSMIX is managed by Vanguard. It was launched on Oct 29, 1982.
Performance
MCAD.TO vs. VSMIX - Performance Comparison
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MCAD.TO vs. VSMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MCAD.TO Evolve Premium Cash Management ETF | 0.57% | 2.85% | 4.88% | 2.30% |
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares | 11.41% | 12.59% | 35.54% | 16.05% |
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 0.57% return, which is significantly lower than VSMIX's 11.41% return.
MCAD.TO
- 1D
- 0.01%
- 1M
- 0.19%
- YTD
- 0.57%
- 6M
- 1.20%
- 1Y
- 2.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VSMIX
- 1D
- 2.98%
- 1M
- -7.08%
- YTD
- 11.41%
- 6M
- 16.16%
- 1Y
- 34.12%
- 3Y*
- 27.16%
- 5Y*
- 20.34%
- 10Y*
- 16.71%
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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%.
Return for Risk
MCAD.TO vs. VSMIX — Risk / Return Rank
MCAD.TO
VSMIX
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 ratioReturn per unit of total volatility | 6.90 | 1.31 | +5.59 |
Sortino ratioReturn per unit of downside risk | 10.78 | 1.78 | +9.01 |
Omega ratioGain probability vs. loss probability | 5.69 | 1.27 | +4.43 |
Calmar ratioReturn relative to maximum drawdown | 16.27 | 1.85 | +14.42 |
Martin ratioReturn relative to average drawdown | 93.39 | 6.39 | +87.00 |
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 | VSMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.90 | 1.31 | +5.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.99 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.85 | 0.78 | +5.07 |
Correlation
The correlation between MCAD.TO and VSMIX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MCAD.TO vs. VSMIX - Dividend Comparison
MCAD.TO's dividend yield for the trailing twelve months is around 2.57%, less than VSMIX's 7.77% 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% |
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares | 7.77% | 8.53% | 7.40% | 4.71% | 9.53% | 15.84% | 0.40% | 2.37% | 26.83% | 15.94% | 1.65% | 10.91% |
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.
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Drawdown Indicators
| MCAD.TO | VSMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.43% | -57.53% | +57.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -16.58% | +16.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.53% | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.70% | +8.70% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -9.58% | +9.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 4.31% | -4.28% |
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 9.12%. 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.
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Volatility by Period
| MCAD.TO | VSMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 9.12% | -9.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.28% | 16.71% | -16.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.38% | 25.64% | -25.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.77% | 20.69% | -19.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.77% | 24.34% | -23.57% |