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 3 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%	588.85M	Apr 2023	MNU-U.TO vs UBIL-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.12%	207.90M	Sep 2024	MNU-U.TO vs VVSG.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	0.17%	3.53B	Jan 2011	MNU-U.TO vs ZST.TO
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	0.46%	596.45M	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 99. There are 2 ETFs in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	99	588.85M	Apr 2023	MNU-U.TO vs UBIL-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	207.90M	Sep 2024	MNU-U.TO vs VVSG.TO
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	95	596.45M	Dec 2010	MNU-U.TO vs HFR.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	47	3.53B	Jan 2011	MNU-U.TO vs ZST.TO

Top Performing MNU-U.TO Alternatives (YTD)

MNU-U.TO is at 1.13% YTD. There is 1 ETF in the Ultrashort Bond category with a higher YTD return, going as high as 1.32%.

Symbol	Name	YTD Return	AUM	Inception
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	1.32%	596.45M	Dec 2010	MNU-U.TO vs HFR.TO
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	1.08%	588.85M	Apr 2023	MNU-U.TO vs UBIL-U.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.08%	3.53B	Jan 2011	MNU-U.TO vs ZST.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.91%	207.90M	Sep 2024	MNU-U.TO vs VVSG.TO

Lowest Volatility Alternatives to MNU-U.TO

MNU-U.TO has 0.40% 1-year volatility. There are 2 ETFs in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.33%.

Symbol	Name	Volatility 1Y	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	0.33%	588.85M	Apr 2023	MNU-U.TO vs UBIL-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.36%	207.90M	Sep 2024	MNU-U.TO vs VVSG.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.08%	3.53B	Jan 2011	MNU-U.TO vs ZST.TO
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	1.20%	596.45M	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 -0.16%. There are 2 ETFs in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.08%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
UBIL-U.TO	Global X 0-3 Month U.S. T-Bill ETF USD	-0.08%	588.85M	Apr 2023	MNU-U.TO vs UBIL-U.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	207.90M	Sep 2024	MNU-U.TO vs VVSG.TO
HFR.TO	Global X Active Ultra-Short Term Investment Grade ...	-0.40%	596.45M	Dec 2010	MNU-U.TO vs HFR.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	-1.01%	3.53B	Jan 2011	MNU-U.TO vs ZST.TO

Other ETFs from Purpose Investments

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BTCC.TO	Purpose Bitcoin CAD ETF Currency Hedged Units	Cryptocurrency	2	-26.80%	1.90B	Nov 2021	MNU-U.TO vs BTCC.TO
PSA.TO	Purpose High Interest Savings Fund	Money Market	100	0.89%	4.20B	Oct 2013	MNU-U.TO vs PSA.TO
MNY.TO	Purpose Cash Management Fund	Money Market	100	0.95%	2.90B	Sep 2022	MNU-U.TO vs MNY.TO
YTSL.NEO	Tesla (TSLA) Yield Shares Purpose ETF	Derivative Income	30	-6.32%	438.20M	Dec 2022	MNU-U.TO vs YTSL.NEO
SBT.TO	Purpose Silver Bullion Fund	Silver, Precious Metals	46	2.24%	164.90M	May 2016	MNU-U.TO vs SBT.TO
PDIV.TO	Purpose Enhanced Dividend Fund ETF	Dividend	82	7.12%	212.60M	Jan 2018	MNU-U.TO vs PDIV.TO
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	Long-Short	64	5.69%	10.90M	Oct 2014	MNU-U.TO vs PMM.TO
YNVD.NEO	NVIDIA (NVDA) Yield Shares Purpose ETF	Derivative Income	62	17.05%	206.20M	Jan 2024	MNU-U.TO vs YNVD.NEO
BTCY.TO	Purpose Bitcoin Yield ETF - ETF Units		2	-28.08%	116.80M	Dec 2021	MNU-U.TO vs BTCY.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	Gold, Precious Metals	38	4.14%	—	Oct 2018	MNU-U.TO vs KILO-B.TO

Often Compared With MNU-U.TO

Investors most often compare MNU-U.TO with CMR.TO, PSU-U.TO, ZMMK.TO. These 13 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CMR.TO	iShares Premium Money Market ETF	Money Market	99	0.97%	2.67B	Feb 2008	MNU-U.TO vs CMR.TO
PSU-U.TO	Purpose US Cash Fund	Money Market	99	1.05%	964.00	Feb 2016	MNU-U.TO vs PSU-U.TO
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	100	0.95%	5.70B	Nov 2021	MNU-U.TO vs ZMMK.TO
TBIL.TO	Harvest Canadian T-Bill ETF	Money Market	99	0.83%	—	Jan 2024	MNU-U.TO vs TBIL.TO
CSAV.TO	CI High Interest Savings ETF	Money Market	100	0.86%	4.71B	Jun 2019	MNU-U.TO vs CSAV.TO
BTCC-B.TO	Purpose Bitcoin ETF Non-Currency Hedged Units	Cryptocurrency	2	-24.57%	—	Oct 2021	MNU-U.TO vs BTCC-B.TO
CASH.TO	Global X High Interest Savings ETF	Money Market	100	0.83%	6.70B	Nov 2021	MNU-U.TO vs CASH.TO
HISA.NEO	Evolve High Interest Savings Account ETF	Money Market	86	0.60%	2.74B	Nov 2019	MNU-U.TO vs HISA.NEO
HSUV-U.TO	Global X USD Cash Maximizer Corporate Class ETF	Money Market	95	1.45%	767.50M	Jun 2020	MNU-U.TO vs HSUV-U.TO
CMNY.TO	CI Money Market ETF CAD Series	Money Market	99	0.99%	—	Jul 2023	MNU-U.TO vs CMNY.TO
CCAD.TO	CIBC Premium Cash Management ETF	Money Market	99	0.98%	—	May 2025	MNU-U.TO vs CCAD.TO
ZUCM.TO	BMO USD Cash Management ETF	Money Market	31	2.78%	—	Sep 2023	MNU-U.TO vs ZUCM.TO
HISU-U.TO	Evolve US High Interest Savings Account Fund	Money Market	99	1.04%	704.06M	Aug 2022	MNU-U.TO vs HISU-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.

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