MNY.TO Alternatives & Similar ETFs

Purpose Cash Management Fund (MNY.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 MNY.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MNY.TO

MNY.TO charges 0.22% annually. There are 15 ETFs in the Money Market category with lower expense ratios, going as low as 0.11%.

Symbol	Name	Expense Ratio	AUM	Inception
CASH.TO	Global X High Interest Savings ETF	0.11%	6.55B	Nov 2021	MNY.TO vs CASH.TO
CMR.TO	iShares Premium Money Market ETF	0.13%	2.70B	Feb 2008	MNY.TO vs CMR.TO
ZMMK.TO	BMO Money Market Fund ETF Series	0.13%	5.83B	Nov 2021	MNY.TO vs ZMMK.TO
ZUCM.TO	BMO USD Cash Management ETF	0.14%	—	Sep 2023	MNY.TO vs ZUCM.TO
CCAD.TO	CIBC Premium Cash Management ETF	0.14%	—	May 2025	MNY.TO vs CCAD.TO

Best Risk-Adjusted Alternatives to MNY.TO

MNY.TO has a PortfoliosLab risk / return rank of 100. There is 1 ETF in the Money Market category with a higher risk-adjusted rank, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
PSU-U.TO	Purpose US Cash Fund	100	934.00	Feb 2016	MNY.TO vs PSU-U.TO
UCSH-U.TO	Global X USD High Interest Savings ETF	100	152.74M	Jan 2024	MNY.TO vs UCSH-U.TO
CMR.TO	iShares Premium Money Market ETF	100	2.70B	Feb 2008	MNY.TO vs CMR.TO
MNU-U.TO	Purpose USD Cash Management ETF	100	—	Apr 2023	MNY.TO vs MNU-U.TO
CASH.TO	Global X High Interest Savings ETF	100	6.55B	Nov 2021	MNY.TO vs CASH.TO

Top Performing MNY.TO Alternatives (YTD)

MNY.TO is at 1.36% YTD. There are 8 ETFs in the Money Market category with higher YTD returns, going as high as 4.29%.

Symbol	Name	YTD Return	AUM	Inception
ZUCM.TO	BMO USD Cash Management ETF	4.29%	—	Sep 2023	MNY.TO vs ZUCM.TO
MNU-U.TO	Purpose USD Cash Management ETF	2.16%	—	Apr 2023	MNY.TO vs MNU-U.TO
PSU-U.TO	Purpose US Cash Fund	2.05%	934.00	Feb 2016	MNY.TO vs PSU-U.TO
HISU-U.TO	Evolve US High Interest Savings Account Fund	2.02%	631.19M	Aug 2022	MNY.TO vs HISU-U.TO
UCSH-U.TO	Global X USD High Interest Savings ETF	1.98%	152.74M	Jan 2024	MNY.TO vs UCSH-U.TO

Lowest Volatility Alternatives to MNY.TO

MNY.TO has 0.16% 1-year volatility. No ETFs in the Money Market category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 0.18%.

Symbol	Name	Volatility 1Y	AUM	Inception
HISU-U.TO	Evolve US High Interest Savings Account Fund	0.18%	631.19M	Aug 2022	MNY.TO vs HISU-U.TO
CMR.TO	iShares Premium Money Market ETF	0.20%	2.70B	Feb 2008	MNY.TO vs CMR.TO
PSU-U.TO	Purpose US Cash Fund	0.21%	934.00	Feb 2016	MNY.TO vs PSU-U.TO
TBIL.TO	Harvest Canadian T-Bill ETF	0.23%	—	Jan 2024	MNY.TO vs TBIL.TO
CASH.TO	Global X High Interest Savings ETF	0.23%	6.55B	Nov 2021	MNY.TO vs CASH.TO

Lowest Drawdown Alternatives to MNY.TO

MNY.TO has a 1-year max drawdown of -0.04%. There are 5 ETFs in the Money Market category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HISU-U.TO	Evolve US High Interest Savings Account Fund	0.00%	631.19M	Aug 2022	MNY.TO vs HISU-U.TO
CMR.TO	iShares Premium Money Market ETF	-0.02%	2.70B	Feb 2008	MNY.TO vs CMR.TO
PSA.TO	Purpose High Interest Savings Fund	-0.02%	4.20B	Oct 2013	MNY.TO vs PSA.TO
CSAV.TO	CI High Interest Savings ETF	-0.02%	4.51B	Jun 2019	MNY.TO vs CSAV.TO
CASH.TO	Global X High Interest Savings ETF	-0.02%	6.55B	Nov 2021	MNY.TO vs CASH.TO

Other ETFs from Purpose

The 10 most viewed Purpose ETFs shown here include KILO.TO, BND.TO, BTCC.TO and span 13 categories. AUM among these funds goes as high as $3B.

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	MNY.TO vs KILO.TO
BND.TO	Purpose Global Bond Fund	Global Bonds	37	0.22%	2.50B	Oct 2015	MNY.TO vs BND.TO
BTCC.TO	Purpose Bitcoin CAD ETF Currency Hedged Units	Cryptocurrency	1	-29.88%	1.60B	Feb 2021	MNY.TO vs BTCC.TO
YTSL.NEO	Tesla (TSLA) Yield Shares Purpose ETF	Derivative Income	19	-32.98%	362.80M	Dec 2022	MNY.TO vs YTSL.NEO
SBT.TO	Purpose Silver Bullion Fund	Silver, Precious Metals	32	-19.30%	131.10M	May 2016	MNY.TO vs SBT.TO
PDIV.TO	Purpose Enhanced Dividend Fund ETF	Dividend	94	11.04%	235.10M	Jan 2018	MNY.TO vs PDIV.TO
SYLD.TO	Purpose Strategic Yield Fund	High Yield Bonds, Corporate Bonds	95	3.26%	541.50M	Apr 2018	MNY.TO vs SYLD.TO
PDF.TO	Purpose Core Dividend Fund	Dividend, Canada Equities, Actively Managed	97	20.56%	475.00M	Sep 2013	MNY.TO vs PDF.TO
YNVD.NEO	NVIDIA (NVDA) Yield Shares Purpose ETF	Derivative Income	27	10.31%	192.70M	Jan 2024	MNY.TO vs YNVD.NEO
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	Equity Market Neutral, Multistrategy, Actively Managed	68	6.48%	19.60M	Oct 2014	MNY.TO vs PMM.TO

Often Compared With MNY.TO

Investors most often compare MNY.TO with CBIL.TO, HSAV.TO, TCSH.TO. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	1.23%	2.56B	Apr 2023	MNY.TO vs CBIL.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	63	1.00%	1.93B	Feb 2020	MNY.TO vs HSAV.TO
TCSH.TO	TD Cash Management ETF	Ultrashort Bond	99	1.27%	—	Feb 2024	MNY.TO vs TCSH.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	Ultrashort Bond	61	1.53%	3.50B	Jan 2011	MNY.TO vs ZST.TO
PINC.TO	Purpose Multi-Asset Income Fund	Derivative Income, Dividend, Tactical Allocation, Diversified Portfolio	97	17.29%	108.20M	Apr 2018	MNY.TO vs PINC.TO
DXV.TO	Dynamic Active Ultra Short Term Bond ETF	Ultrashort Bond, Corporate Bonds, Actively Managed	88	1.65%	344.32M	Mar 2018	MNY.TO vs DXV.TO
RITA	ETFB Green SRI REITs ETF	REIT	55	14.27%	7.87M	Dec 2021	MNY.TO vs RITA
HSUV-U.TO	Global X USD Cash Maximizer Corporate Class ETF	Money Market	95	1.60%	771.65M	Jun 2020	MNY.TO vs HSUV-U.TO
CMNY.TO	CI Money Market ETF CAD Series	Money Market	99	1.40%	—	Jul 2023	MNY.TO vs CMNY.TO
MNY	MoneyHero Limited Class A Ordinary Shares		18	-26.19%	—	—	MNY.TO vs MNY
ETFRX	North Square Tactical Defensive Fund	Tactical Allocation	40	6.24%	—	Sep 2006	MNY.TO vs ETFRX
MCAD.TO	Evolve Premium Cash Management ETF	Short-Term Bond	100	1.30%	—	May 2023	MNY.TO vs MCAD.TO
GERM	Amplify Treatments, Testing and Advancements ETF	Health & Biotech Equities	—	0.00%	9.68M	Jun 2020	MNY.TO vs GERM
ETFOX	North Square Tactical Growth Fund	Tactical Allocation	48	7.41%	—	Apr 2004	MNY.TO vs ETFOX
YCST.NEO	Costco (COST) Yield Shares Purpose ETF	Derivative Income	14	12.84%	9.20M	Feb 2025	MNY.TO vs YCST.NEO
MJ	Amplify Alternative Harvest ETF	Small Cap Blend Equities, Cannabis	19	-20.97%	101.98M	Dec 2015	MNY.TO vs MJ
BTCY.TO	Purpose Bitcoin Yield ETF	Cryptocurrency, Derivative Income	2	-32.82%	117.20M	Dec 2021	MNY.TO vs BTCY.TO
IPAY	ETFMG Prime Mobile Payments ETF	Technology Equities	7	-2.46%	179.53M	Jul 2015	MNY.TO vs IPAY
GYRO	Gyrodyne, LLC		3	-40.48%	—	—	MNY.TO vs GYRO
MNYWW	MoneyHero Limited Warrants		38	0.70%	—	—	MNY.TO vs MNYWW

Compare MNY.TO with Any Fund or Stock

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

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Diversifiers

Pair MNY.TO with funds that move differently

Purpose Cash Management Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MNY.TO.

Explore MNY.TO Diversifiers

Purpose Cash Management Fund (MNY.TO) Alternatives