Correlation
The correlation between MNY and CASH.TO is 0.30, 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.
MNY vs. CASH.TO
Compare and contrast key facts about MoneyHero Limited Class A Ordinary Shares (MNY) and Global X High Interest Savings ETF (CASH.TO).
CASH.TO is an actively managed fund by Global X. It was launched on Nov 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNY or CASH.TO.
Performance
MNY vs. CASH.TO - Performance Comparison
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Key characteristics
MNY:
-0.97
CASH.TO:
11.40
MNY:
-1.74
CASH.TO:
42.49
MNY:
0.80
CASH.TO:
13.51
MNY:
-0.74
CASH.TO:
59.47
MNY:
-1.19
CASH.TO:
593.21
MNY:
53.09%
CASH.TO:
0.01%
MNY:
66.01%
CASH.TO:
0.31%
MNY:
-84.92%
CASH.TO:
-0.80%
MNY:
-81.59%
CASH.TO:
0.00%
Returns By Period
In the year-to-date period, MNY achieves a -33.75% return, which is significantly lower than CASH.TO's 1.05% return.
MNY
-33.75%
-4.87%
-36.03%
-64.15%
N/A
N/A
N/A
CASH.TO
1.05%
0.22%
1.39%
3.50%
4.23%
N/A
N/A
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Risk-Adjusted Performance
MNY vs. CASH.TO — Risk-Adjusted Performance Rank
MNY
CASH.TO
MNY vs. CASH.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MoneyHero Limited Class A Ordinary Shares (MNY) and Global X High Interest Savings ETF (CASH.TO). 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.
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Dividends
MNY vs. CASH.TO - Dividend Comparison
MNY has not paid dividends to shareholders, while CASH.TO's dividend yield for the trailing twelve months is around 3.48%.
TTM | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
MNY MoneyHero Limited Class A Ordinary Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CASH.TO Global X High Interest Savings ETF | 3.48% | 4.37% | 5.06% | 2.30% | 0.10% |
Drawdowns
MNY vs. CASH.TO - Drawdown Comparison
The maximum MNY drawdown since its inception was -84.92%, which is greater than CASH.TO's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for MNY and CASH.TO.
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Volatility
MNY vs. CASH.TO - Volatility Comparison
MoneyHero Limited Class A Ordinary Shares (MNY) has a higher volatility of 13.37% compared to Global X High Interest Savings ETF (CASH.TO) at 0.07%. This indicates that MNY's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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