MNU-U.TO Alternatives & Similar ETFs

Purpose USD Cash Management ETF (MNU-U.TO) belongs to the Ultrashort Bond category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MNU-U.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MNU-U.TO

MNU-U.TO charges 0.20% annually. There are 4 ETFs in the Ultrashort Bond category with lower expense ratios, going as low as 0.12%.

Symbol	Name	Expense Ratio	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	0.12%	585.66M	Apr 2023	MNU-U.TO vs UBIL-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.12%	214.29M	Sep 2024	MNU-U.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	0.16%	—	Feb 2024	MNU-U.TO vs TCSH.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	0.17%	3.55B	Jan 2011	MNU-U.TO vs ZST.TO
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	0.46%	607.93M	Dec 2010	MNU-U.TO vs HFR.TO

Best Risk-Adjusted Alternatives to MNU-U.TO

MNU-U.TO has a PortfoliosLab risk / return rank of 100. There is 1 ETF in the Ultrashort Bond category with a higher risk-adjusted rank, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	100	585.66M	Apr 2023	MNU-U.TO vs UBIL-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	214.29M	Sep 2024	MNU-U.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	99	—	Feb 2024	MNU-U.TO vs TCSH.TO
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	96	607.93M	Dec 2010	MNU-U.TO vs HFR.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	55	3.55B	Jan 2011	MNU-U.TO vs ZST.TO

Top Performing MNU-U.TO Alternatives (YTD)

MNU-U.TO is at 1.95% YTD. No ETFs in the Ultrashort Bond category have higher YTD returns; the top-performing alternatives shown here go as high as 1.82%.

Symbol	Name	YTD Return	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	1.82%	585.66M	Apr 2023	MNU-U.TO vs UBIL-U.TO
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	1.57%	607.93M	Dec 2010	MNU-U.TO vs HFR.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.35%	3.55B	Jan 2011	MNU-U.TO vs ZST.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	1.16%	214.29M	Sep 2024	MNU-U.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	1.13%	—	Feb 2024	MNU-U.TO vs TCSH.TO

Lowest Volatility Alternatives to MNU-U.TO

MNU-U.TO has 0.25% 1-year volatility. No ETFs in the Ultrashort Bond category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 0.31%.

Symbol	Name	Volatility 1Y	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	0.31%	585.66M	Apr 2023	MNU-U.TO vs UBIL-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.34%	214.29M	Sep 2024	MNU-U.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	0.44%	—	Feb 2024	MNU-U.TO vs TCSH.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.09%	3.55B	Jan 2011	MNU-U.TO vs ZST.TO
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	1.25%	607.93M	Dec 2010	MNU-U.TO vs HFR.TO

Lowest Drawdown Alternatives to MNU-U.TO

MNU-U.TO has a 1-year max drawdown of -0.09%. There is 1 ETF in the Ultrashort Bond category with a shallower 1-year drawdown, going as shallow as -0.04%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	-0.04%	585.66M	Apr 2023	MNU-U.TO vs UBIL-U.TO
TCSH.TO	TD Cash Management ETF	-0.10%	—	Feb 2024	MNU-U.TO vs TCSH.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	214.29M	Sep 2024	MNU-U.TO vs VVSG.TO
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	-0.40%	607.93M	Dec 2010	MNU-U.TO vs HFR.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	-1.01%	3.55B	Jan 2011	MNU-U.TO vs ZST.TO

Other ETFs from Purpose Investments

The 10 most viewed Purpose Investments ETFs shown here include KILO.TO, PSA.TO, BTCC.TO and span 8 categories. AUM among these funds goes as high as $4B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
KILO.TO	Purpose Gold Bullion Fund	Gold, Precious Metals	20	-8.47%	1.00B	Oct 2018	MNU-U.TO vs KILO.TO
PSA.TO	Purpose High Interest Savings Fund	Money Market	99	1.13%	4.10B	Oct 2013	MNU-U.TO vs PSA.TO
BTCC.TO	Purpose Bitcoin CAD ETF Currency Hedged Units	Cryptocurrency	1	-30.45%	1.70B	Feb 2021	MNU-U.TO vs BTCC.TO
YTSL.NEO	Tesla (TSLA) Yield Shares Purpose ETF	Derivative Income	42	-11.29%	437.60M	Dec 2022	MNU-U.TO vs YTSL.NEO
MNY.TO	Purpose Cash Management Fund	Money Market	100	1.21%	2.90B	Sep 2022	MNU-U.TO vs MNY.TO
SBT.TO	Purpose Silver Bullion Fund	Silver, Precious Metals	25	-21.29%	135.40M	May 2016	MNU-U.TO vs SBT.TO
PDIV.TO	Purpose Enhanced Dividend Fund ETF	Dividend	92	9.98%	229.70M	Jan 2018	MNU-U.TO vs PDIV.TO
YNVD.NEO	NVIDIA (NVDA) Yield Shares Purpose ETF	Derivative Income	32	10.23%	205.90M	Jan 2024	MNU-U.TO vs YNVD.NEO
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	Long-Short	77	6.90%	11.20M	Oct 2014	MNU-U.TO vs PMM.TO
BTCY.TO	Purpose Bitcoin Yield ETF - ETF Units		1	-34.35%	120.60M	Dec 2021	MNU-U.TO vs BTCY.TO

Often Compared With MNU-U.TO

Investors most often compare MNU-U.TO with PSU-U.TO, CMR.TO, ZMMK.TO. These 16 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PSU-U.TO	Purpose US Cash Fund	Money Market	100	1.84%	877.00	Feb 2016	MNU-U.TO vs PSU-U.TO
CMR.TO	iShares Premium Money Market ETF	Money Market	100	1.23%	2.63B	Feb 2008	MNU-U.TO vs CMR.TO
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	99	1.23%	5.77B	Nov 2021	MNU-U.TO vs ZMMK.TO
CSAV.TO	CI High Interest Savings ETF	Money Market	99	1.07%	4.56B	Jun 2019	MNU-U.TO vs CSAV.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	Gold, Precious Metals	28	-4.60%	—	Oct 2018	MNU-U.TO vs KILO-B.TO
TBIL.TO	Harvest Canadian T-Bill ETF	Money Market	—	—	—	Jan 2024	MNU-U.TO vs TBIL.TO
CASH.TO	Global X High Interest Savings ETF	Money Market	100	1.06%	6.66B	Nov 2021	MNU-U.TO vs CASH.TO
BTCC-B.TO	Purpose Bitcoin ETF Non-Currency Hedged Units	Cryptocurrency	2	-26.42%	—	Feb 2021	MNU-U.TO vs BTCC-B.TO
HISA.NEO	Evolve High Interest Savings Account ETF	Money Market	99	1.08%	2.60B	Nov 2019	MNU-U.TO vs HISA.NEO
ZUCM.TO	BMO USD Cash Management ETF	Money Market	60	5.10%	—	Sep 2023	MNU-U.TO vs ZUCM.TO
CMNY.TO	CI Money Market ETF CAD Series	Money Market	99	1.25%	—	Jul 2023	MNU-U.TO vs CMNY.TO
HISU-U.TO	Evolve US High Interest Savings Account Fund	Money Market	—	1.81%	618.14M	Aug 2022	MNU-U.TO vs HISU-U.TO
HSUV-U.TO	Global X USD Cash Maximizer Corporate Class ETF	Money Market	96	1.60%	769.87M	Jun 2020	MNU-U.TO vs HSUV-U.TO
CCAD.TO	CIBC Premium Cash Management ETF	Money Market	99	1.24%	—	May 2025	MNU-U.TO vs CCAD.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	64	0.90%	1.93B	Feb 2020	MNU-U.TO vs HSAV.TO
VIPIX	Vanguard Inflation-Protected Securities Fund Insti...	Inflation-Protected Bonds	22	0.90%	—	Dec 2003	MNU-U.TO vs VIPIX

Compare MNU-U.TO with Any Fund or Stock

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

Symbol name

Diversifiers

Pair MNU-U.TO with funds that move differently

Purpose USD Cash Management ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MNU-U.TO.

Explore MNU-U.TO Diversifiers

Purpose USD Cash Management ETF (MNU-U.TO) Alternatives