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XFR.TO vs. CASH.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XFR.TO vs. CASH.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Floating Rate Index ETF (XFR.TO) and Global X High Interest Savings ETF (CASH.TO).

XFR.TO and CASH.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XFR.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 1-5Y Core Bd GR CAD. It was launched on Dec 6, 2011. CASH.TO is an actively managed fund by Global X. It was launched on Nov 1, 2021.

Performance

XFR.TO vs. CASH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Floating Rate Index ETF (XFR.TO) and Global X High Interest Savings ETF (CASH.TO). The values are adjusted to include any dividend payments, if applicable.

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XFR.TO vs. CASH.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XFR.TO
iShares Floating Rate Index ETF		0.56%3.33%4.57%5.29%1.82%0.05%
CASH.TO
Global X High Interest Savings ETF		0.35%2.45%4.53%5.11%2.39%0.08%

Returns By Period

In the year-to-date period, XFR.TO achieves a 0.56% return, which is significantly higher than CASH.TO's 0.35% return.

XFR.TO

1D
0.05%
1M
0.20%
YTD
0.56%
6M
1.40%
1Y
2.89%
3Y*
4.12%
5Y*
3.11%
10Y*
2.23%

CASH.TO

1D
-0.13%
1M
0.05%
YTD
0.35%
6M
0.91%
1Y
2.17%
3Y*
3.73%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

iShares Floating Rate Index ETF

Global X High Interest Savings ETF

Often compared with XFR.TO:
XFR.TO vs. ZMMK.TOXFR.TO vs. CMR.TOXFR.TO vs. XSH.TOXFR.TO vs. XBB.TOXFR.TO vs. XHY.TOXFR.TO vs. ZST.TOXFR.TO vs. VUSB
Often compared with CASH.TO:
CASH.TO vs. ZMMK.TOCASH.TO vs. CBIL.TOCASH.TO vs. HSAV.TOCASH.TO vs. PSA.TOCASH.TO vs. CMR.TOCASH.TO vs. SGOVCASH.TO vs. ZST.TO

XFR.TO vs. CASH.TO - Expense Ratio Comparison

XFR.TO has a 0.14% expense ratio, which is higher than CASH.TO's 0.11% 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%.

XFR.TO
iShares Floating Rate Index ETF
CASH.TO
Global X High Interest Savings ETF

Return for Risk

XFR.TO vs. CASH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XFR.TO
XFR.TO Risk / Return Rank: 9898
Overall Rank
XFR.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XFR.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
XFR.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XFR.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XFR.TO Martin Ratio Rank: 9999
Martin Ratio Rank
CASH.TO
CASH.TO Risk / Return Rank: 9999
Overall Rank
CASH.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CASH.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
CASH.TO Omega Ratio Rank: 9999
Omega Ratio Rank
CASH.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
CASH.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.

XFR.TO vs. CASH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Index ETF (XFR.TO) and Global X High Interest Savings ETF (CASH.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.

XFR.TOCASH.TODifference

Sharpe ratio

Return per unit of total volatility

3.72

8.36

-4.64

Sortino ratio

Return per unit of downside risk

5.94

14.67

-8.73

Omega ratio

Gain probability vs. loss probability

1.84

5.68

-3.84

Calmar ratio

Return relative to maximum drawdown

10.01

17.04

-7.03

Martin ratio

Return relative to average drawdown

57.24

233.38

-176.14

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XFR.TO vs. CASH.TO - Sharpe Ratio Comparison

The current XFR.TO Sharpe Ratio is 3.72, which is lower than the CASH.TO Sharpe Ratio of 8.36. The chart below compares the historical Sharpe Ratios of XFR.TO and CASH.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XFR.TOCASH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.72

8.36

-4.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

3.81

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.21

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.18

5.43

-4.25

Correlation

The correlation between XFR.TO and CASH.TO is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XFR.TO vs. CASH.TO - Dividend Comparison

XFR.TO's dividend yield for the trailing twelve months is around 2.85%, more than CASH.TO's 2.17% yield.

TTM20252024202320222021202020192018201720162015
XFR.TO
iShares Floating Rate Index ETF		2.85%3.23%4.93%4.91%1.85%0.30%1.07%1.96%1.60%0.95%0.77%0.94%
CASH.TO
Global X High Interest Savings ETF		2.17%2.53%4.37%5.06%2.30%0.10%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

XFR.TO vs. CASH.TO - Drawdown Comparison

The maximum XFR.TO drawdown since its inception was -4.12%, which is greater than CASH.TO's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for XFR.TO and CASH.TO.

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Drawdown Indicators

XFR.TOCASH.TODifference

Max Drawdown

Largest peak-to-trough decline

-4.12%

-0.80%

-3.32%

Max Drawdown (1Y)

Largest decline over 1 year

-0.30%

-0.13%

-0.17%

Max Drawdown (5Y)

Largest decline over 5 years

-0.30%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-4.12%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.13%

+0.13%

Average Drawdown

Average peak-to-trough decline

-0.06%

0.00%

-0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.05%

0.01%

+0.04%

Volatility

XFR.TO vs. CASH.TO - Volatility Comparison

iShares Floating Rate Index ETF (XFR.TO) has a higher volatility of 0.18% compared to Global X High Interest Savings ETF (CASH.TO) at 0.15%. This indicates that XFR.TO's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XFR.TOCASH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.18%

0.15%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

0.53%

0.20%

+0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

0.79%

0.26%

+0.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.82%

0.63%

+0.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.85%

0.63%

+1.22%