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iShares Premium Money Market ETF (CMR.TO) Alternatives

ETF · Currency in CAD · Last updated Aug 4, 2026

The iShares Premium Money Market ETF is an actively managed Canadian fixed-income fund that seeks current income, capital preservation, and liquidity by investing in high-quality short-term debt securities, including eligible asset-backed commercial paper. It pays distributions monthly.

iShares Premium Money Market ETF (CMR.TO) belongs to the Money Market category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CMR.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to CMR.TO

CMR.TO charges 0.13% annually. There is 1 ETF in the Money Market category with a lower expense ratio, going as low as 0.11%.

SymbolNameExpense RatioAUMInception
CASH.TO
Global X High Interest Savings ETF0.11%6.55BNov 2021CMR.TO vs CASH.TO
ZMMK.TO
BMO Money Market Fund ETF Series0.13%5.83BNov 2021CMR.TO vs ZMMK.TO
CCAD.TO
CIBC Premium Cash Management ETF0.14%—May 2025CMR.TO vs CCAD.TO
ZUCM.TO
BMO USD Cash Management ETF0.14%—Sep 2023CMR.TO vs ZUCM.TO
HISU-U.TO
Evolve US High Interest Savings Account Fund0.15%631.19MAug 2022CMR.TO vs HISU-U.TO

Best Risk-Adjusted Alternatives to CMR.TO

CMR.TO has a PortfoliosLab risk / return rank of 100. There are 2 ETFs in the Money Market category with higher risk-adjusted ranks, going as high as 100.

SymbolNameRisk / Return RankAUMInception
PSU-U.TO
Purpose US Cash Fund
100
934.00Feb 2016CMR.TO vs PSU-U.TO
MNY.TO
Purpose Cash Management Fund
100
3.10BSep 2022CMR.TO vs MNY.TO
UCSH-U.TO
Global X USD High Interest Savings ETF
100
152.74MJan 2024CMR.TO vs UCSH-U.TO
MNU-U.TO
Purpose USD Cash Management ETF
100
—Apr 2023CMR.TO vs MNU-U.TO
CASH.TO
Global X High Interest Savings ETF
100
6.55BNov 2021CMR.TO vs CASH.TO

Top Performing CMR.TO Alternatives (YTD)

CMR.TO is at 1.36% YTD. There are 8 ETFs in the Money Market category with higher YTD returns, going as high as 4.29%.

SymbolNameYTD ReturnAUMInception
ZUCM.TO
BMO USD Cash Management ETF
4.29%
—Sep 2023CMR.TO vs ZUCM.TO
MNU-U.TO
Purpose USD Cash Management ETF
2.16%
—Apr 2023CMR.TO vs MNU-U.TO
PSU-U.TO
Purpose US Cash Fund
2.05%
934.00Feb 2016CMR.TO vs PSU-U.TO
HISU-U.TO
Evolve US High Interest Savings Account Fund
2.02%
631.19MAug 2022CMR.TO vs HISU-U.TO
UCSH-U.TO
Global X USD High Interest Savings ETF
1.98%
152.74MJan 2024CMR.TO vs UCSH-U.TO

Lowest Volatility Alternatives to CMR.TO

CMR.TO has 0.20% 1-year volatility. There are 2 ETFs in the Money Market category with lower 1-year volatility, going as low as 0.16%.

SymbolNameVolatility 1YAUMInception
MNY.TO
Purpose Cash Management Fund0.16%3.10BSep 2022CMR.TO vs MNY.TO
HISU-U.TO
Evolve US High Interest Savings Account Fund0.18%631.19MAug 2022CMR.TO vs HISU-U.TO
PSU-U.TO
Purpose US Cash Fund0.21%934.00Feb 2016CMR.TO vs PSU-U.TO
TBIL.TO
Harvest Canadian T-Bill ETF0.23%—Jan 2024CMR.TO vs TBIL.TO
CASH.TO
Global X High Interest Savings ETF0.23%6.55BNov 2021CMR.TO vs CASH.TO

Lowest Drawdown Alternatives to CMR.TO

CMR.TO has a 1-year max drawdown of -0.02%. There is 1 ETF in the Money Market category with a shallower 1-year drawdown, going as shallow as 0.00%.

SymbolNameMax Drawdown 1YAUMInception
HISU-U.TO
Evolve US High Interest Savings Account Fund
0.00%
631.19MAug 2022CMR.TO vs HISU-U.TO
CASH.TO
Global X High Interest Savings ETF
-0.02%
6.55BNov 2021CMR.TO vs CASH.TO
PSA.TO
Purpose High Interest Savings Fund
-0.02%
4.20BOct 2013CMR.TO vs PSA.TO
CSAV.TO
CI High Interest Savings ETF
-0.02%
4.51BJun 2019CMR.TO vs CSAV.TO
UCSH-U.TO
Global X USD High Interest Savings ETF
-0.04%
152.74MJan 2024CMR.TO vs UCSH-U.TO

Other ETFs from iShares

The 10 most viewed iShares ETFs shown here include XEQT.TO, XDIV.TO, XEI.TO and span 9 categories. AUM among these funds goes as high as $32B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
85
13.38%
20.80BAug 2019CMR.TO vs XEQT.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Quality Factor, Dividend, Large Cap Value Equities
98
29.20%
6.16BJun 2017CMR.TO vs XDIV.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETFCanada Equities
98
28.07%
4.38BApr 2011CMR.TO vs XEI.TO
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETFCanada Equities
90
12.55%
31.79BFeb 2001CMR.TO vs XIC.TO
XIU.TO
iShares S&P/TSX 60 Index ETFCanada Equities
93
13.52%
24.26BSep 1999CMR.TO vs XIU.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
34
10.55%
5.26BMay 2011CMR.TO vs XQQ.TO
XEF.TO
iShares Core MSCI EAFE IMI Index ETFForeign Large Cap Equities
72
13.69%
23.06BApr 2013CMR.TO vs XEF.TO
XGRO.TO
iShares Core Growth ETF PortfolioDiversified Portfolio
74
10.78%
5.04BJun 2007CMR.TO vs XGRO.TO
XUS.TO
iShares Core S&P 500 Index ETFS&P 500
69
12.30%
12.96BApr 2013CMR.TO vs XUS.TO
XAW.TO
iShares Core MSCI All Country World ex Canada Inde...Global Equities
78
13.80%
4.43BFeb 2015CMR.TO vs XAW.TO

Often Compared With CMR.TO

Investors most often compare CMR.TO with CBIL.TO, XFR.TO, HSAV.TO. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CBIL.TO
Global X 0-3 Month T-Bill ETFCanadian Government Bonds
99
1.23%
2.56BApr 2023CMR.TO vs CBIL.TO
XFR.TO
iShares Floating Rate Index ETFCanadian Government Bonds
98
1.49%
803.49MDec 2011CMR.TO vs XFR.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETFMoney Market
63
1.00%
1.93BFeb 2020CMR.TO vs HSAV.TO
VOO
Vanguard S&P 500 ETFS&P 500
78
11.72%
1.70TSep 2010CMR.TO vs VOO
TCSH.TO
TD Cash Management ETFUltrashort Bond
99
1.27%
—Feb 2024CMR.TO vs TCSH.TO
BND
Vanguard Total Bond Market ETFTotal Bond Market
24
-0.30%
398.10BApr 2007CMR.TO vs BND
VCR
Vanguard Consumer Discretionary ETFConsumer Discretionary Equities
26
1.85%
6.80BJan 2004CMR.TO vs VCR
GOVT
iShares U.S. Treasury Bond ETFGovernment Bonds
18
-0.59%
43.55BFeb 2012CMR.TO vs GOVT
SWVXX
Schwab Prime Advantage Money Fund Investor SharesMoney Market—
1.74%
247.33BApr 1992CMR.TO vs SWVXX
GCNS.TO
iShares ESG Conservative Balanced ETF PortfolioDiversified Portfolio
48
6.49%
84.85MSep 2020CMR.TO vs GCNS.TO
ZBI.TO
BMO Canadian Bank Income Index ETFCanadian Government Bonds
90
2.05%
—Feb 2022CMR.TO vs ZBI.TO
TQQQ
ProShares UltraPro QQQLeveraged Equities
45
29.42%
32.83BFeb 2010CMR.TO vs TQQQ
BRK-B
Berkshire Hathaway Inc.
61
2.09%
——CMR.TO vs BRK-B
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
29
0.79%
13.09BJan 2010CMR.TO vs ZAG.TO
PFL
PIMCO Income Strategy FundMultisector Bonds
9
-1.73%
—Aug 2003CMR.TO vs PFL
XMW.TO
iShares MSCI Min Vol Global Index ETFGlobal Equities, Low Volatility
46
7.01%
175.28MJul 2012CMR.TO vs XMW.TO
HSUV-U.TO
Global X USD Cash Maximizer Corporate Class ETFMoney Market
96
1.60%
771.65MJun 2020CMR.TO vs HSUV-U.TO
XSH.TO
iShares Core Canadian Short Term Corporate Bond In...Short-Term Bond, Corporate Bonds, Investment Grade Bonds
64
1.42%
2.71BSep 2011CMR.TO vs XSH.TO
CMNY.TO
CI Money Market ETF CAD SeriesMoney Market
99
1.40%
—Jul 2023CMR.TO vs CMNY.TO
XSTB.TO
iShares ESG Aware Canadian Short Term Bond Index E...Canadian Government Bonds
55
1.00%
147.82MMar 2019CMR.TO vs XSTB.TO

Compare CMR.TO with Any Fund or Stock

Compare CMR.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair CMR.TO with funds that move differently

iShares Premium Money Market ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CMR.TO.

Explore CMR.TO Diversifiers