VDY.TO vs. HISU-U.TO

Last updated Jun 4, 2026

VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) and HISU-U.TO (Evolve US High Interest Savings Account Fund) are both exchange-traded funds - VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index, while HISU-U.TO is a Money Market fund actively managed by Evolve. VDY.TO is passively managed, while HISU-U.TO is actively managed. Over the past 3 years, VDY.TO returned 26.00%/yr vs 4.59%/yr for HISU-U.TO. At a correlation of -0.34, they often move in opposite directions. VDY.TO charges 0.22%/yr vs 0.15%/yr for HISU-U.TO.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and Evolve US High Interest Savings Account Fund (HISU-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, VDY.TO achieves a 20.59% return, which is significantly higher than HISU-U.TO's 2.33% return.

VDY.TO

• 1D: -0.07%
• 1M: 4.52%
• YTD: 20.59%
• 6M: 22.32%
• 1Y: 46.18%
• 3Y*: 26.00%
• 5Y*: 17.21%
• 10Y*: 14.02%

HISU-U.TO

• 1D: 0.42%
• 1M: 2.21%
• YTD: 2.33%
• 6M: 0.87%
• 1Y: 4.08%
• 3Y*: 4.59%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	20.59%	29.20%	20.71%	8.40%	-1.40%
HISU-U.TO Evolve US High Interest Savings Account Fund	2.33%	-1.75%	12.72%	1.60%	4.39%

Correlation

The correlation between VDY.TO and HISU-U.TO is -0.12, 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	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	-0.26
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	-0.34

Over the past year, the inverse relationship between VDY.TO and HISU-U.TO has weakened: their correlation has moved from -0.34 to -0.12, meaning they move in opposite directions less often than they have historically.

Return for Risk

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

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

VDY.TO

VDY.TO Risk / Return Rank: 98
VDY.TO Sharpe Ratio Rank: 98
VDY.TO Sortino Ratio Rank: 98
VDY.TO Omega Ratio Rank: 98
VDY.TO Calmar Ratio Rank: 98
VDY.TO Martin Ratio Rank: 98

HISU-U.TO

HISU-U.TO Risk / Return Rank: 99
HISU-U.TO Sharpe Ratio Rank: 99
HISU-U.TO Sortino Ratio Rank: 99
HISU-U.TO Omega Ratio Rank: 99
HISU-U.TO Calmar Ratio Rank: 99
HISU-U.TO 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.

VDY.TO vs. HISU-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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.

	VDY.TO	HISU-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.65	0.90	+4.76
Sortino ratio: Return per unit of downside risk	8.14	1.25	+6.89
Omega ratio: Gain probability vs. loss probability	2.14	1.16	+0.98
Calmar ratio: Return relative to maximum drawdown	14.88	1.02	+13.86
Martin ratio: Return relative to average drawdown	60.75	2.66	+58.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current VDY.TO Sharpe Ratio is 5.65, which is higher than the HISU-U.TO Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of VDY.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.

Sharpe Ratios by Period

	VDY.TO	HISU-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.65	0.90	+4.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.85	-0.01

Drawdowns

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

The maximum VDY.TO drawdown since its inception was -39.21%, which is greater than HISU-U.TO's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for VDY.TO and HISU-U.TO.

Drawdown Indicators

	VDY.TO	HISU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-39.21%	-5.49%	-33.72%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	-4.01%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-10.87%	-5.49%	-5.38%
Max Drawdown (5Y) Largest decline over 5 years	-16.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.21%	—	—
Current Drawdown Current decline from peak	-0.77%	-0.69%	-0.08%
Average Drawdown Average peak-to-trough decline	-4.61%	-1.78%	-2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	1.54%	-0.78%

Volatility

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

Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) has a higher volatility of 3.31% compared to Evolve US High Interest Savings Account Fund (HISU-U.TO) at 0.79%. This indicates that VDY.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

	VDY.TO	HISU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	0.79%	+2.52%
Volatility (6M) Calculated over the trailing 6-month period	6.87%	3.43%	+3.44%
Volatility (1Y) Calculated over the trailing 1-year period	8.21%	4.58%	+3.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.56%	5.94%	+5.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.96%	5.94%	+10.02%

VDY.TO vs. HISU-U.TO - Expense Ratio Comparison

VDY.TO has a 0.22% expense ratio, which is higher than HISU-U.TO's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

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

VDY.TO's dividend yield for the trailing twelve months is around 2.90%, more than HISU-U.TO's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HISU-U.TO Evolve US High Interest Savings Account Fund	2.74%	2.93%	3.70%	3.85%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	2.90%	3.59%	4.40%	4.64%	4.42%	3.58%	4.59%	4.25%	4.43%	3.82%	3.25%	4.11%

Frequently Asked Questions

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

VDY.TO and HISU-U.TO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VDY.TO or HISU-U.TO?

On fees, HISU-U.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VDY.TO or HISU-U.TO?

HISU-U.TO is cheaper with a 0.15% expense ratio, compared with 0.22% for VDY.TO.

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

VDY.TO is categorized as Dividend, while HISU-U.TO is Money Market. They also come from different issuers: Vanguard and Evolve. Their fees differ too: 0.22% for VDY.TO and 0.15% for HISU-U.TO.