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PSA.TO vs. UCSH-U.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSA.TO vs. UCSH-U.TO

Last updated Jul 18, 2026
Documentation

PSA.TO (Purpose High Interest Savings Fund) and UCSH-U.TO (Global X USD High Interest Savings ETF) are both Money Market funds. Both are actively managed. Over the past year, PSA.TO returned 2.33% vs 6.21% for UCSH-U.TO. At a 0.05 correlation, their price movements are largely independent.

Performance

PSA.TO vs. UCSH-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose High Interest Savings Fund (PSA.TO) and Global X USD High Interest Savings ETF (UCSH-U.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, PSA.TO achieves a 1.19% return, which is significantly lower than UCSH-U.TO's 4.23% return.

PSA.TO

1D
0.02%
1M
0.22%
6M
1.09%
YTD
1.19%
1Y
2.33%
3Y*
3.61%
5Y*
3.22%
10Y*
2.27%

UCSH-U.TO

1D
-0.12%
1M
0.45%
6M
2.65%
YTD
4.23%
1Y
6.21%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSA.TO vs. UCSH-U.TO - Yearly Performance Comparison

2026 (YTD)20252024
PSA.TO
Purpose High Interest Savings Fund		1.19%2.64%4.24%
UCSH-U.TO
Global X USD High Interest Savings ETF		4.23%-0.59%11.69%

Correlation

The correlation between PSA.TO and UCSH-U.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2024

0.05

Compare stocks, funds, or ETFs

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

Purpose High Interest Savings Fund

Global X USD High Interest Savings ETF

Often compared with PSA.TO:
PSA.TO vs. CASH.TOPSA.TO vs. ZMMK.TOPSA.TO vs. HSAV.TOPSA.TO vs. CBIL.TOPSA.TO vs. MNY.TOPSA.TO vs. TCSH.TOPSA.TO vs. ZCS.TO
Often compared with UCSH-U.TO:
UCSH-U.TO vs. CMR.TOUCSH-U.TO vs. ZUCM.TOUCSH-U.TO vs. CASH.TOUCSH-U.TO vs. CCAD.TOUCSH-U.TO vs. HISU-U.TOUCSH-U.TO vs. HSAV.TOUCSH-U.TO vs. HSUV-U.TO

Return for Risk

PSA.TO vs. UCSH-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSA.TO
PSA.TO Risk / Return Rank: 100100
Overall Rank
PSA.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
PSA.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
PSA.TO Omega Ratio Rank: 9999
Omega Ratio Rank
PSA.TO Calmar Ratio Rank: 100100
Calmar Ratio Rank
PSA.TO Martin Ratio Rank: 100100
Martin Ratio Rank
UCSH-U.TO
UCSH-U.TO Risk / Return Rank: 100100
Overall Rank
UCSH-U.TO Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
UCSH-U.TO Sortino Ratio Rank: 100100
Sortino Ratio Rank
UCSH-U.TO Omega Ratio Rank: 100100
Omega Ratio Rank
UCSH-U.TO Calmar Ratio Rank: 100100
Calmar Ratio Rank
UCSH-U.TO Martin Ratio Rank: 100100
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.

PSA.TO vs. UCSH-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose High Interest Savings Fund (PSA.TO) and Global X USD High Interest Savings ETF (UCSH-U.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

PSA.TOUCSH-U.TODifference
Sharpe ratioReturn per unit of total volatility
9.49
1.42

+8.07

Sortino ratioReturn per unit of downside risk
23.56
1.99

+21.57

Omega ratioGain probability vs. loss probability

5.80

1.26

+4.54

Calmar ratioReturn relative to maximum drawdown

116.89

1.65

+115.24

Martin ratioReturn relative to average drawdown

356.65

4.49

+352.15

PSA.TO vs. UCSH-U.TO - Sharpe Ratio Comparison

The current PSA.TO Sharpe Ratio is 9.49, which is higher than the UCSH-U.TO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of PSA.TO and UCSH-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PSA.TO vs. UCSH-U.TO - Drawdown Comparison

The maximum PSA.TO drawdown since its inception was -0.04%, smaller than the maximum UCSH-U.TO drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for PSA.TO and UCSH-U.TO.

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Drawdown Indicators

PSA.TOUCSH-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-0.04%

-6.35%

+6.31%

Max Drawdown (1Y)

Largest decline over 1 year

-0.02%

-3.77%

+3.75%

Max Drawdown (3Y)

Largest decline over 3 years

-0.02%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-0.04%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-0.04%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.29%

+1.29%

Average Drawdown

Average peak-to-trough decline

-0.00%

-1.97%

+1.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.01%

1.38%

-1.37%

Volatility

PSA.TO vs. UCSH-U.TO - Volatility Comparison

The current volatility for Purpose High Interest Savings Fund (PSA.TO) is 0.05%, while Global X USD High Interest Savings ETF (UCSH-U.TO) has a volatility of 1.31%. This indicates that PSA.TO experiences smaller price fluctuations and is considered to be less risky than UCSH-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PSA.TOUCSH-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.05%

1.31%

-1.26%

Volatility (6M)

Calculated over the trailing 6-month period

0.16%

3.30%

-3.14%

Volatility (1Y)

Calculated over the trailing 1-year period

0.25%

4.38%

-4.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.29%

5.32%

-5.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.25%

5.32%

-5.07%

Dividends

PSA.TO vs. UCSH-U.TO - Dividend Comparison

PSA.TO's dividend yield for the trailing twelve months is around 2.30%, less than UCSH-U.TO's 3.65% yield.

PositionTTM20252024202320222021202020192018201720162015
PSA.TO
Purpose High Interest Savings Fund		2.30%2.61%4.46%5.05%2.26%0.59%0.94%2.18%1.66%1.07%0.99%1.07%
UCSH-U.TO
Global X USD High Interest Savings ETF		3.65%4.04%4.71%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PSA.TO and UCSH-U.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Purpose Investments and Global X.

Portfolio Optimizer

Find the right allocation for PSA.TO and UCSH-U.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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