UCSH-U.TO vs. HISU-U.TO

Last updated Jul 16, 2026

UCSH-U.TO (Global X USD High Interest Savings ETF) and HISU-U.TO (Evolve US High Interest Savings Account Fund) are both Money Market funds. Both are actively managed. Over the past year, UCSH-U.TO returned 3.66% vs 3.73% for HISU-U.TO. At a 0.47 correlation, their price movements are largely independent.

Performance

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

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

Returns By Period

The year-to-date returns for both investments are quite close, with UCSH-U.TO having a 1.76% return and HISU-U.TO slightly higher at 1.82%.

UCSH-U.TO

• 1D: 0.00%
• 1M: 0.27%
• 6M: 1.68%
• YTD: 1.76%
• 1Y: 3.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HISU-U.TO

• 1D: 0.00%
• 1M: 0.27%
• 6M: 1.72%
• YTD: 1.82%
• 1Y: 3.73%
• 3Y*: 4.61%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
UCSH-U.TO Global X USD High Interest Savings ETF	1.76%	4.16%	4.73%
HISU-U.TO Evolve US High Interest Savings Account Fund	1.82%	4.17%	4.88%

Correlation

The correlation between UCSH-U.TO and HISU-U.TO is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 24, 2024	0.47

The correlation between UCSH-U.TO and HISU-U.TO has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UCSH-U.TO

UCSH-U.TO Risk / Return Rank: 100
UCSH-U.TO Sharpe Ratio Rank: 100
UCSH-U.TO Sortino Ratio Rank: 100
UCSH-U.TO Omega Ratio Rank: 100
UCSH-U.TO Calmar Ratio Rank: 100
UCSH-U.TO Martin Ratio Rank: 100

HISU-U.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

UCSH-U.TO vs. HISU-U.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 Evolve US High Interest Savings Account Fund (HISU-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.

	UCSH-U.TO	HISU-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	12.37	20.07	-7.70
Sortino ratio: Return per unit of downside risk	42.46	—	—
Omega ratio: Gain probability vs. loss probability	12.24	—	—
Calmar ratio: Return relative to maximum drawdown	91.84	—	—
Martin ratio: Return relative to average drawdown	635.32	—	—

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

The current UCSH-U.TO Sharpe Ratio is 12.37, which is lower than the HISU-U.TO Sharpe Ratio of 20.07. The chart below compares the historical Sharpe Ratios of UCSH-U.TO and HISU-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.

Drawdowns

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

The maximum UCSH-U.TO drawdown since its inception was -0.04%, which is greater than HISU-U.TO's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for UCSH-U.TO and HISU-U.TO.

Drawdown Indicators

	UCSH-U.TO	HISU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-0.03%	-0.01%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	0.00%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.03%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.00%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.00%	+0.01%

Volatility

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

Global X USD High Interest Savings ETF (UCSH-U.TO) has a higher volatility of 0.08% compared to Evolve US High Interest Savings Account Fund (HISU-U.TO) at 0.06%. This indicates that UCSH-U.TO's price experiences larger fluctuations and is considered to be riskier than HISU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCSH-U.TO	HISU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.08%	0.06%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	0.20%	0.11%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	0.30%	0.19%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.31%	0.22%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.31%	0.22%	+0.09%

Dividends

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

UCSH-U.TO's dividend yield for the trailing twelve months is around 3.65%, less than HISU-U.TO's 3.71% yield.

Position	TTM	2025	2024	2023	2022
HISU-U.TO Evolve US High Interest Savings Account Fund	3.71%	4.10%	5.08%	5.20%	1.21%
UCSH-U.TO Global X USD High Interest Savings ETF	3.65%	4.04%	4.71%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UCSH-U.TO and HISU-U.TO in my portfolio?

UCSH-U.TO and HISU-U.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between UCSH-U.TO and HISU-U.TO?

They also come from different issuers: Global X and Evolve.