PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

iShares Premium Money Market ETF (CMR.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 14, 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%6.66BNov 2021CMR.TO vs CASH.TO
ZMMK.TO
BMO Money Market Fund ETF Series0.13%5.77BNov 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%618.14MAug 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
877.00Feb 2016CMR.TO vs PSU-U.TO
MNY.TO
Purpose Cash Management Fund
100
2.90BSep 2022CMR.TO vs MNY.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
6.66BNov 2021CMR.TO vs CASH.TO
PSA.TO
Purpose High Interest Savings Fund
99
4.10BOct 2013CMR.TO vs PSA.TO

Top Performing CMR.TO Alternatives (YTD)

CMR.TO is at 1.23% YTD. There are 7 ETFs in the Money Market category with higher YTD returns, going as high as 5.10%.

SymbolNameYTD ReturnAUMInception
ZUCM.TO
BMO USD Cash Management ETF
5.10%
—Sep 2023CMR.TO vs ZUCM.TO
MNU-U.TO
Purpose USD Cash Management ETF
1.95%
—Apr 2023CMR.TO vs MNU-U.TO
PSU-U.TO
Purpose US Cash Fund
1.84%
877.00Feb 2016CMR.TO vs PSU-U.TO
HISU-U.TO
Evolve US High Interest Savings Account Fund
1.81%
618.14MAug 2022CMR.TO vs HISU-U.TO
HSUV-U.TO
Global X USD Cash Maximizer Corporate Class ETF
1.60%
769.87MJun 2020CMR.TO vs HSUV-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%2.90BSep 2022CMR.TO vs MNY.TO
HISU-U.TO
Evolve US High Interest Savings Account Fund0.19%618.14MAug 2022CMR.TO vs HISU-U.TO
PSU-U.TO
Purpose US Cash Fund0.21%877.00Feb 2016CMR.TO vs PSU-U.TO
CASH.TO
Global X High Interest Savings ETF0.23%6.66BNov 2021CMR.TO vs CASH.TO
TBIL.TO
Harvest Canadian T-Bill ETF0.24%—Jan 2024CMR.TO vs TBIL.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%
618.14MAug 2022CMR.TO vs HISU-U.TO
PSA.TO
Purpose High Interest Savings Fund
-0.02%
4.10BOct 2013CMR.TO vs PSA.TO
CASH.TO
Global X High Interest Savings ETF
-0.02%
6.66BNov 2021CMR.TO vs CASH.TO
CSAV.TO
CI High Interest Savings ETF
-0.02%
4.56BJun 2019CMR.TO vs CSAV.TO
ZMMK.TO
BMO Money Market Fund ETF Series
-0.04%
5.77BNov 2021CMR.TO vs ZMMK.TO

Other ETFs from iShares

The 10 most viewed iShares ETFs shown here include XEQT.TO, XDIV.TO, XEI.TO and span 8 categories. AUM among these funds goes as high as $31B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
86
13.91%
20.34BAug 2019CMR.TO vs XEQT.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Dividend, Large Cap Value Equities
98
25.10%
5.78BJun 2017CMR.TO vs XDIV.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETFCanada Equities
98
26.42%
4.25BApr 2011CMR.TO vs XEI.TO
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETFCanada Equities
89
12.55%
31.16BFeb 2001CMR.TO vs XIC.TO
XIU.TO
iShares S&P/TSX 60 Index ETFCanada Equities
92
13.48%
23.77BSep 1999CMR.TO vs XIU.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
42
14.50%
5.51BMay 2011CMR.TO vs XQQ.TO
XEF.TO
iShares Core MSCI EAFE IMI Index ETFForeign Large Cap Equities
61
12.48%
22.53BApr 2013CMR.TO vs XEF.TO
XGRO.TO
iShares Core Growth ETF PortfolioDiversified Portfolio
76
11.30%
5.03BJun 2007CMR.TO vs XGRO.TO
XUS.TO
iShares Core S&P 500 Index ETFS&P 500
79
13.88%
13.11BApr 2013CMR.TO vs XUS.TO
XAW.TO
iShares Core MSCI All Country World ex Canada Inde...Global Equities
81
14.66%
4.49BFeb 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 12 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CBIL.TO
Global X 0-3 Month T-Bill ETFCanadian Government Bonds
99
1.10%
2.39BApr 2023CMR.TO vs CBIL.TO
XFR.TO
iShares Floating Rate Index ETFCanadian Government Bonds
98
1.31%
793.90MDec 2011CMR.TO vs XFR.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETFMoney Market
64
0.90%
1.93BFeb 2020CMR.TO vs HSAV.TO
VOO
Vanguard S&P 500 ETFS&P 500
66
10.45%
1.70TSep 2010CMR.TO vs VOO
BND
Vanguard Total Bond Market ETFTotal Bond Market
32
-0.17%
394.40BApr 2007CMR.TO vs BND
TCSH.TO
TD Cash Management ETFUltrashort Bond
99
1.13%
—Feb 2024CMR.TO vs TCSH.TO
VCR
Vanguard Consumer Discretionary ETFConsumer Discretionary Equities
16
0.00%
6.90BJan 2004CMR.TO vs VCR
GOVT
iShares U.S. Treasury Bond ETFGovernment Bonds
25
-0.43%
43.58BFeb 2012CMR.TO vs GOVT
SWVXX
Schwab Prime Advantage Money Fund Investor SharesMoney Market—
1.74%
247.96BApr 1992CMR.TO vs SWVXX
GCNS.TO
iShares ESG Conservative Balanced ETF PortfolioDiversified Portfolio
49
7.57%
81.12MSep 2020CMR.TO vs GCNS.TO
TQQQ
ProShares UltraPro QQQLeveraged Equities
48
38.33%
37.04BFeb 2010CMR.TO vs TQQQ
ZBI.TO
BMO Canadian Bank Income Index ETFCanadian Government Bonds
88
1.95%
—Feb 2022CMR.TO vs ZBI.TO
BRK-B
Berkshire Hathaway Inc.
53
-1.15%
——CMR.TO vs BRK-B
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
27
1.10%
13.13BJan 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
44
6.89%
170.83MJul 2012CMR.TO vs XMW.TO
XSH.TO
iShares Core Canadian Short Term Corporate Bond In...Canadian Government Bonds
66
1.35%
2.65BSep 2011CMR.TO vs XSH.TO
CMNY.TO
CI Money Market ETF CAD SeriesMoney Market
99
1.25%
—Jul 2023CMR.TO vs CMNY.TO
XSTB.TO
iShares ESG Aware Canadian Short Term Bond Index E...Canadian Government Bonds
52
0.97%
146.43MMar 2019CMR.TO vs XSTB.TO
IAGG
iShares Core International Aggregate Bond ETFGlobal Bonds
27
1.04%
10.67BNov 2015CMR.TO vs IAGG

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