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
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.12%	214.29M	Sep 2024	MNU-U.TO vs VVSG.TO
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	0.12%	590.21M	Apr 2023	MNU-U.TO vs UBIL-U.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%	3.50B	Jan 2011	MNU-U.TO vs ZST.TO
DXV.TO	Dynamic Active Ultra Short Term Bond ETF	0.28%	344.32M	Mar 2018	MNU-U.TO vs DXV.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	590.21M	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	644.91M	Dec 2010	MNU-U.TO vs HFR.TO
DXV.TO	Dynamic Active Ultra Short Term Bond ETF	88	344.32M	Mar 2018	MNU-U.TO vs DXV.TO

Top Performing MNU-U.TO Alternatives (YTD)

MNU-U.TO is at 2.16% YTD. No ETFs in the Ultrashort Bond category have higher YTD returns; the top-performing alternatives shown here go as high as 2.03%.

Symbol	Name	YTD Return	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	2.03%	590.21M	Apr 2023	MNU-U.TO vs UBIL-U.TO
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	1.72%	644.91M	Dec 2010	MNU-U.TO vs HFR.TO
PMNT.TO	PIMCO Global Short Maturity Fund (Canada)	1.69%	677.60M	Feb 2019	MNU-U.TO vs PMNT.TO
DXV.TO	Dynamic Active Ultra Short Term Bond ETF	1.65%	344.32M	Mar 2018	MNU-U.TO vs DXV.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.53%	3.50B	Jan 2011	MNU-U.TO vs ZST.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%	590.21M	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	1.08%	3.50B	Jan 2011	MNU-U.TO vs ZST.TO
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	1.24%	644.91M	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%	590.21M	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
DXV.TO	Dynamic Active Ultra Short Term Bond ETF	-0.30%	344.32M	Mar 2018	MNU-U.TO vs DXV.TO
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	-0.40%	644.91M	Dec 2010	MNU-U.TO vs HFR.TO

Other ETFs from Purpose

The 10 most viewed Purpose ETFs shown here include KILO.TO, BND.TO, PSA.TO and span 12 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	28	-7.39%	1.00B	Oct 2018	MNU-U.TO vs KILO.TO
BND.TO	Purpose Global Bond Fund	Global Bonds	37	0.22%	2.50B	Oct 2015	MNU-U.TO vs BND.TO
PSA.TO	Purpose High Interest Savings Fund	Money Market	100	1.27%	4.20B	Oct 2013	MNU-U.TO vs PSA.TO
BTCC.TO	Purpose Bitcoin CAD ETF Currency Hedged Units	Cryptocurrency	1	-29.88%	1.60B	Feb 2021	MNU-U.TO vs BTCC.TO
MNY.TO	Purpose Cash Management Fund	Money Market	100	1.36%	3.10B	Sep 2022	MNU-U.TO vs MNY.TO
YTSL.NEO	Tesla (TSLA) Yield Shares Purpose ETF	Derivative Income	19	-32.98%	362.80M	Dec 2022	MNU-U.TO vs YTSL.NEO
SBT.TO	Purpose Silver Bullion Fund	Silver, Precious Metals	32	-19.30%	131.10M	May 2016	MNU-U.TO vs SBT.TO
PDIV.TO	Purpose Enhanced Dividend Fund ETF	Dividend	94	11.04%	235.10M	Jan 2018	MNU-U.TO vs PDIV.TO
SYLD.TO	Purpose Strategic Yield Fund	High Yield Bonds, Corporate Bonds	95	3.26%	541.50M	Apr 2018	MNU-U.TO vs SYLD.TO
PDF.TO	Purpose Core Dividend Fund	Dividend, Canada Equities, Actively Managed	97	20.56%	475.00M	Sep 2013	MNU-U.TO vs PDF.TO

Often Compared With MNU-U.TO

Investors most often compare MNU-U.TO with PSU-U.TO, CMR.TO, BTCY.TO. These 20 comparison targets span 9 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	2.05%	934.00	Feb 2016	MNU-U.TO vs PSU-U.TO
CMR.TO	iShares Premium Money Market ETF	Money Market	100	1.36%	2.70B	Feb 2008	MNU-U.TO vs CMR.TO
BTCY.TO	Purpose Bitcoin Yield ETF	Cryptocurrency, Derivative Income	2	-32.82%	117.20M	Dec 2021	MNU-U.TO vs BTCY.TO
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	99	1.36%	5.83B	Nov 2021	MNU-U.TO vs ZMMK.TO
CSAV.TO	CI High Interest Savings ETF	Money Market	99	1.18%	4.51B	Jun 2019	MNU-U.TO vs CSAV.TO
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	Equity Market Neutral, Multistrategy, Actively Managed	68	6.48%	19.60M	Oct 2014	MNU-U.TO vs PMM.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	Gold, Precious Metals	32	-4.40%	—	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
BTCC-B.TO	Purpose Bitcoin ETF Non-Currency Hedged Units	Cryptocurrency	2	-27.01%	—	Feb 2021	MNU-U.TO vs BTCC-B.TO
HISA.NEO	Evolve High Interest Savings Account ETF	Money Market	99	1.19%	2.55B	Nov 2019	MNU-U.TO vs HISA.NEO
CASH.TO	Global X High Interest Savings ETF	Money Market	100	1.20%	6.55B	Nov 2021	MNU-U.TO vs CASH.TO
ZUCM.TO	BMO USD Cash Management ETF	Money Market	40	4.29%	—	Sep 2023	MNU-U.TO vs ZUCM.TO
HISU-U.TO	Evolve US High Interest Savings Account Fund	Money Market	—	2.02%	631.19M	Aug 2022	MNU-U.TO vs HISU-U.TO
HSUV-U.TO	Global X USD Cash Maximizer Corporate Class ETF	Money Market	95	1.60%	771.65M	Jun 2020	MNU-U.TO vs HSUV-U.TO
CMNY.TO	CI Money Market ETF CAD Series	Money Market	99	1.40%	—	Jul 2023	MNU-U.TO vs CMNY.TO
CCAD.TO	CIBC Premium Cash Management ETF	Money Market	99	1.38%	—	May 2025	MNU-U.TO vs CCAD.TO
YNVD.NEO	NVIDIA (NVDA) Yield Shares Purpose ETF	Derivative Income	27	10.31%	192.70M	Jan 2024	MNU-U.TO vs YNVD.NEO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	63	1.00%	1.93B	Feb 2020	MNU-U.TO vs HSAV.TO
VIPIX	Vanguard Inflation-Protected Securities Fund Insti...	Inflation-Protected Bonds	19	0.36%	—	Dec 2003	MNU-U.TO vs VIPIX
UCSH-U.TO	Global X USD High Interest Savings ETF	Money Market	100	1.98%	152.74M	Jan 2024	MNU-U.TO vs UCSH-U.TO

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.

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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.

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