VCN.TO vs. HISA.NEO

Last updated Jul 16, 2026

VCN.TO (Vanguard FTSE Canada All Cap Index ETF) and HISA.NEO (Evolve High Interest Savings Account ETF) are both exchange-traded funds - VCN.TO is a Canada Equities fund tracking the FTSE Canada All Cap Domestic Index, while HISA.NEO is a Money Market fund actively managed by Evolve. VCN.TO is passively managed, while HISA.NEO is actively managed. Over the past 5 years, VCN.TO returned 15.45%/yr vs 3.17%/yr for HISA.NEO. At a 0.01 correlation, their price movements are largely independent. VCN.TO charges 0.06%/yr vs 0.15%/yr for HISA.NEO.

Performance

VCN.TO vs. HISA.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Canada All Cap Index ETF (VCN.TO) and Evolve High Interest Savings Account ETF (HISA.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VCN.TO achieves a 12.79% return, which is significantly higher than HISA.NEO's 1.08% return.

VCN.TO

• 1D: 0.29%
• 1M: 0.71%
• 6M: 8.76%
• YTD: 12.79%
• 1Y: 33.20%
• 3Y*: 23.86%
• 5Y*: 15.45%
• 10Y*: 12.50%

HISA.NEO

• 1D: 0.00%
• 1M: 0.16%
• 6M: 1.04%
• YTD: 1.08%
• 1Y: 2.22%
• 3Y*: 3.56%
• 5Y*: 3.17%
• 10Y*: —

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

VCN.TO vs. HISA.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VCN.TO Vanguard FTSE Canada All Cap Index ETF	12.79%	31.00%	22.16%	12.29%	-5.76%	25.65%	4.83%	0.81%
HISA.NEO Evolve High Interest Savings Account ETF	1.08%	2.54%	4.58%	5.11%	2.35%	0.57%	0.88%	0.56%

Correlation

The correlation between VCN.TO and HISA.NEO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (All Time) Calculated using the full available price history since Nov 19, 2019	0.01

Return for Risk

VCN.TO vs. HISA.NEO — Risk / Return Rank

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

VCN.TO

VCN.TO Risk / Return Rank: 89
VCN.TO Sharpe Ratio Rank: 92
VCN.TO Sortino Ratio Rank: 90
VCN.TO Omega Ratio Rank: 90
VCN.TO Calmar Ratio Rank: 84
VCN.TO Martin Ratio Rank: 91

HISA.NEO

HISA.NEO Risk / Return Rank: 99
HISA.NEO Sharpe Ratio Rank: 99
HISA.NEO Sortino Ratio Rank: 98
HISA.NEO Omega Ratio Rank: 99
HISA.NEO Calmar Ratio Rank: 98
HISA.NEO Martin Ratio Rank: 99

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.

VCN.TO vs. HISA.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canada All Cap Index ETF (VCN.TO) and Evolve High Interest Savings Account ETF (HISA.NEO). 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.

	VCN.TO	HISA.NEO	Difference
Sharpe ratio: Return per unit of total volatility	2.56	5.35	-2.79
Sortino ratio: Return per unit of downside risk	3.31	8.51	-5.20
Omega ratio: Gain probability vs. loss probability	1.46	5.50	-4.05
Calmar ratio: Return relative to maximum drawdown	3.66	12.41	-8.75
Martin ratio: Return relative to average drawdown	16.73	102.69	-85.96

VCN.TO vs. HISA.NEO - Sharpe Ratio Comparison

The current VCN.TO Sharpe Ratio is 2.56, which is lower than the HISA.NEO Sharpe Ratio of 5.35. The chart below compares the historical Sharpe Ratios of VCN.TO and HISA.NEO, 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

VCN.TO vs. HISA.NEO - Drawdown Comparison

The maximum VCN.TO drawdown since its inception was -37.32%, which is greater than HISA.NEO's maximum drawdown of -0.22%. Use the drawdown chart below to compare losses from any high point for VCN.TO and HISA.NEO.

Drawdown Indicators

	VCN.TO	HISA.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-37.32%	-0.22%	-37.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-0.18%	-8.93%
Max Drawdown (3Y) Largest decline over 3 years	-12.24%	-0.22%	-12.02%
Max Drawdown (5Y) Largest decline over 5 years	-16.12%	-0.22%	-15.90%
Max Drawdown (10Y) Largest decline over 10 years	-37.32%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.87%	-0.00%	-3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	0.02%	+1.97%

Volatility

VCN.TO vs. HISA.NEO - Volatility Comparison

Vanguard FTSE Canada All Cap Index ETF (VCN.TO) has a higher volatility of 2.25% compared to Evolve High Interest Savings Account ETF (HISA.NEO) at 0.05%. This indicates that VCN.TO's price experiences larger fluctuations and is considered to be riskier than HISA.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VCN.TO	HISA.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.25%	0.05%	+2.20%
Volatility (6M) Calculated over the trailing 6-month period	10.59%	0.29%	+10.30%
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	0.42%	+12.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.11%	0.34%	+12.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	0.39%	+14.57%

VCN.TO vs. HISA.NEO - Expense Ratio Comparison

VCN.TO has a 0.06% expense ratio, which is lower than HISA.NEO's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VCN.TO vs. HISA.NEO - Dividend Comparison

VCN.TO's dividend yield for the trailing twelve months is around 2.01%, less than HISA.NEO's 2.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HISA.NEO Evolve High Interest Savings Account ETF	2.22%	2.53%	4.43%	5.03%	2.28%	0.57%	0.90%	0.54%	0.00%	0.00%	0.00%	0.00%
VCN.TO Vanguard FTSE Canada All Cap Index ETF	2.01%	2.27%	2.71%	3.00%	3.17%	2.49%	2.72%	2.88%	2.83%	2.29%	2.36%	2.68%

Frequently Asked Questions

Can I hold both VCN.TO and HISA.NEO in my portfolio?

VCN.TO and HISA.NEO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VCN.TO or HISA.NEO?

On fees, VCN.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VCN.TO or HISA.NEO?

VCN.TO is cheaper with a 0.06% expense ratio, compared with 0.15% for HISA.NEO.

What is the main difference between VCN.TO and HISA.NEO?

VCN.TO is categorized as Canada Equities, while HISA.NEO is Money Market. They also come from different issuers: Vanguard and Evolve. Their fees differ too: 0.06% for VCN.TO and 0.15% for HISA.NEO.