UCSH-U.TO vs. CCAD.TO
UCSH-U.TO (Global X USD High Interest Savings ETF) and CCAD.TO (CIBC Premium Cash Management ETF) are both Money Market funds. Both are actively managed. Over the past year, UCSH-U.TO returned 3.66% vs 0.01% for CCAD.TO. At a correlation of -0.08, they often move in opposite directions.
Performance
UCSH-U.TO vs. CCAD.TO - Performance Comparison
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Different Trading Currencies
UCSH-U.TO is traded in USD, while CCAD.TO is traded in CAD. To make them comparable, the CCAD.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, UCSH-U.TO achieves a 1.76% return, which is significantly higher than CCAD.TO's -1.31% return.
UCSH-U.TO
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 1.68%
- YTD
- 1.76%
- 1Y
- 3.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CCAD.TO
- 1D
- 0.71%
- 1M
- -0.42%
- 6M
- 0.03%
- YTD
- -1.31%
- 1Y
- 0.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UCSH-U.TO vs. CCAD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UCSH-U.TO Global X USD High Interest Savings ETF | 1.76% | 2.59% |
CCAD.TO CIBC Premium Cash Management ETF | -1.31% | 3.45% |
Correlation
The correlation between UCSH-U.TO and CCAD.TO is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since May 14, 2025 | -0.08 |
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Return for Risk
UCSH-U.TO vs. CCAD.TO — Risk / Return Rank
UCSH-U.TO
CCAD.TO
UCSH-U.TO vs. CCAD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X USD High Interest Savings ETF (UCSH-U.TO) and CIBC Premium Cash Management ETF (CCAD.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.
| UCSH-U.TO | CCAD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.37 | ||
| Sortino ratioReturn per unit of downside risk | +42.43 | ||
| Omega ratioGain probability vs. loss probability | 12.24 | 1.00 | +11.23 |
| Calmar ratioReturn relative to maximum drawdown | 91.84 | 0.00 | +91.84 |
| Martin ratioReturn relative to average drawdown | 635.32 | 0.01 | +635.31 |
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Drawdowns
UCSH-U.TO vs. CCAD.TO - Drawdown Comparison
The maximum UCSH-U.TO drawdown since its inception was -0.04%, smaller than the maximum CCAD.TO drawdown of -4.33%. Use the drawdown chart below to compare losses from any high point for UCSH-U.TO and CCAD.TO.
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Drawdown Indicators
| UCSH-U.TO | CCAD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | -4.33% | +4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -4.33% | +4.29% |
Current DrawdownCurrent decline from peak | 0.00% | -2.95% | +2.95% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -1.39% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.83% | -1.82% |
Volatility
UCSH-U.TO vs. CCAD.TO - Volatility Comparison
The current volatility for Global X USD High Interest Savings ETF (UCSH-U.TO) is 0.08%, while CIBC Premium Cash Management ETF (CCAD.TO) has a volatility of 1.29%. This indicates that UCSH-U.TO experiences smaller price fluctuations and is considered to be less risky than CCAD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCSH-U.TO | CCAD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 1.29% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.20% | 3.30% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.30% | 4.38% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.31% | 4.46% | -4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.31% | 4.46% | -4.15% |
Dividends
UCSH-U.TO vs. CCAD.TO - Dividend Comparison
UCSH-U.TO's dividend yield for the trailing twelve months is around 3.65%, more than CCAD.TO's 2.57% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CCAD.TO CIBC Premium Cash Management ETF | 2.57% | 1.62% | 0.00% |
UCSH-U.TO Global X USD High Interest Savings ETF | 3.65% | 4.04% | 4.71% |
Frequently Asked Questions
UCSH-U.TO and CCAD.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: Global X and CIBC.
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