All funds Cash and HISA
Best HISA and cash ETFs in Canada
Cash ETFs park money for a short-term yield with very little price movement. High interest savings (HISA) ETFs hold deposits at Canadian banks; T-bill ETFs hold short government bills; money market ETFs hold short-term government and corporate paper.
Their yields follow the Bank of Canada rate, so they fall when rates are cut. That says nothing about the fund, so we give these funds no Income Durability Score and compare them on yield and fee instead. Units of a cash ETF are not a bank deposit in your name and are not covered by CDIC insurance.
Highest current yield first. Worst drop shows how still the unit price has stayed.
| Fund | Holds | Yield | Fee (MER) | Worst drop | Liquidity |
|---|---|---|---|---|---|
| UMNY.U CI U.S. Money Market ETF (USD Units) | Money market | 4.3% | 0.15% | 0.0% | Low |
| ZUCM BMO USD Cash Management ETF | Money market | 4.1% | 0.13% | -5.1% | Medium |
| MNU.U Purpose USD Cash Management Fund (USD Units) | Money market | 3.8% | 0.22% | 0.0% | Medium |
| PSU.U Purpose US Cash Fund (USD Units) | Money market | 3.7% | 0.17% | -0.1% | Very high |
| UBIL.U Global X 0-3 Month U.S. T-Bill ETF (USD Units) | T-bills | 3.7% | 0.13% | 0.0% | High |
| UCSH.U Global X USD High Interest Savings ETF (USD Units) | Savings deposits | 3.6% | 0.16% | 0.0% | High |
| CMNY CI Money Market ETF | Money market | 2.7% | 0.16% | 0.0% | Medium |
| CMR iShares Premium Money Market ETF | Money market | 2.6% | 0.13% | 0.0% | Very high |
| NSAV Ninepoint Cash Management Fund | Money market | 2.5% | 0.21% | 0.0% | Medium |
| MCAD Premium Cash Management Fund | Money market | 2.5% | 0.27% | -0.1% | Low |
| ZMMK BMO Money Market Fund (ETF Series) | Money market | 2.4% | 0.13% | 0.0% | Very high |
| CCAD CIBC Premium Cash Management ETF | Money market | 2.4% | 0.14% | 0.0% | High |
| TBIL Harvest Canadian T-Bill ETF | T-bills | 2.3% | 0.11% | 0.0% | Medium |
| MNY Purpose Cash Management Fund | Money market | 2.3% | 0.21% | 0.0% | Very high |
| HISA High Interest Savings Account Fund | Savings deposits | 2.3% | 0.16% | 0.0% | Very high |
| PSA Purpose High Interest Savings Fund | Savings deposits | 2.2% | 0.17% | 0.0% | Very high |
| CSAV CI High Interest Savings ETF | Savings deposits | 2.2% | 0.15% | 0.0% | Very high |
| GCTB Guardian Ultra-Short Canadian T-Bill Fund | T-bills | 2.1% | 0.16% | 0.0% | Medium |
| CBIL Global X 0-3 Month T-Bill ETF | T-bills | 2.1% | 0.11% | 0.0% | Very high |
| TCSH TD Cash Management ETF | Money market | 2.1% | 0.17% | 0.0% | Very high |
| CASH Global X High Interest Savings ETF | Savings deposits | 2.0% | 0.11% | 0.0% | Very high |
Rankings are information, not a recommendation to buy or sell any fund. How we score.