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

ETF · Currency in USD · Last updated Jun 4, 2026

Purpose USD Cash Management ETF (MNU.U) is an actively managed cash-equivalent ETF from Purpose Investments that primarily invests in U.S. dollar-denominated, high-quality short-term corporate debt instruments with maturities of not more than one year. The fund is designed to provide investors with attractive U.S. dollar yield and capital preservation as an alternative to a USD savings account or money market fund. MNU.U pays monthly distributions and trades on the Toronto Stock Exchange in U.S. dollars.

Looking to diversify beyond MNU-U.TO? The ETFs below have the lowest correlation with MNU-U.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MNU-U.TO.

Best Diversifiers for MNU-U.TO

17 ETFs have low correlation with MNU-U.TO (below 0.3), 9 of which are negatively correlated. The least correlated is Evolve High Interest Savings Account ETF (HISA.NEO) (Money Market) with a 1Y correlation of -0.14, down from -0.03 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HISA.NEO
Evolve High Interest Savings Account ETF-0.14-0.03—
86
Money MarketMNU-U.TO vs HISA.NEO
ZMMK.TO
BMO Money Market Fund ETF Series-0.11-0.06—
100
Money MarketMNU-U.TO vs ZMMK.TO
PSA.TO
Purpose High Interest Savings Fund-0.09-0.01—
100
Money MarketMNU-U.TO vs PSA.TO
TBIL.TO
Harvest Canadian T-Bill ETF-0.08——
99
Money MarketMNU-U.TO vs TBIL.TO
CASH.TO
Global X High Interest Savings ETF-0.080.01—
100
Money MarketMNU-U.TO vs CASH.TO
See all 19 diversifiers for MNU-U.TO

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Diversification Analysis

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