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 13 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%	6.70B	Nov 2021	MNY.TO vs CASH.TO
ZMMK.TO	BMO Money Market Fund ETF Series	0.13%	5.70B	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
CMR.TO	iShares Premium Money Market ETF	0.14%	2.67B	Feb 2008	MNY.TO vs CMR.TO

Best Risk-Adjusted Alternatives to MNY.TO

MNY.TO has a PortfoliosLab risk / return rank of 100. No ETFs in the Money Market category have higher risk-adjusted ranks; the top alternatives shown here go as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
CASH.TO	Global X High Interest Savings ETF	100	6.70B	Nov 2021	MNY.TO vs CASH.TO
PSA.TO	Purpose High Interest Savings Fund	100	4.20B	Oct 2013	MNY.TO vs PSA.TO
CSAV.TO	CI High Interest Savings ETF	100	4.71B	Jun 2019	MNY.TO vs CSAV.TO
ZMMK.TO	BMO Money Market Fund ETF Series	100	5.70B	Nov 2021	MNY.TO vs ZMMK.TO
CMR.TO	iShares Premium Money Market ETF	99	2.67B	Feb 2008	MNY.TO vs CMR.TO

Top Performing MNY.TO Alternatives (YTD)

MNY.TO is at 0.95% YTD. There are 8 ETFs in the Money Market category with higher YTD returns, going as high as 2.78%.

Symbol	Name	YTD Return	AUM	Inception
ZUCM.TO	BMO USD Cash Management ETF	2.78%	—	Sep 2023	MNY.TO vs ZUCM.TO
HSUV-U.TO	Global X USD Cash Maximizer Corporate Class ETF	1.45%	767.50M	Jun 2020	MNY.TO vs HSUV-U.TO
MNU-U.TO	Purpose USD Cash Management ETF	1.13%	—	Apr 2023	MNY.TO vs MNU-U.TO
PSU-U.TO	Purpose US Cash Fund	1.05%	964.00	Feb 2016	MNY.TO vs PSU-U.TO
HISU-U.TO	Evolve US High Interest Savings Account Fund	1.04%	704.06M	Aug 2022	MNY.TO vs HISU-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 0.22%.

Symbol	Name	Volatility 1Y	AUM	Inception
CASH.TO	Global X High Interest Savings ETF	0.22%	6.70B	Nov 2021	MNY.TO vs CASH.TO
CMR.TO	iShares Premium Money Market ETF	0.22%	2.67B	Feb 2008	MNY.TO vs CMR.TO
PSA.TO	Purpose High Interest Savings Fund	0.23%	4.20B	Oct 2013	MNY.TO vs PSA.TO
CSAV.TO	CI High Interest Savings ETF	0.23%	4.71B	Jun 2019	MNY.TO vs CSAV.TO
ZMMK.TO	BMO Money Market Fund ETF Series	0.26%	5.70B	Nov 2021	MNY.TO vs ZMMK.TO

Lowest Drawdown Alternatives to MNY.TO

MNY.TO has a 1-year max drawdown of -0.04%. There are 4 ETFs in the Money Market category with shallower 1-year drawdowns, going as shallow as -0.02%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
PSA.TO	Purpose High Interest Savings Fund	-0.02%	4.20B	Oct 2013	MNY.TO vs PSA.TO
CASH.TO	Global X High Interest Savings ETF	-0.02%	6.70B	Nov 2021	MNY.TO vs CASH.TO
CSAV.TO	CI High Interest Savings ETF	-0.02%	4.71B	Jun 2019	MNY.TO vs CSAV.TO
ZMMK.TO	BMO Money Market Fund ETF Series	-0.03%	5.70B	Nov 2021	MNY.TO vs ZMMK.TO
TBIL.TO	Harvest Canadian T-Bill ETF	-0.04%	—	Jan 2024	MNY.TO vs TBIL.TO

Other ETFs from Purpose Investments

The 10 most viewed Purpose Investments ETFs shown here include BTCC.TO, YTSL.NEO, SBT.TO and span 8 categories. AUM among these funds goes as high as $2B.

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	MNY.TO vs BTCC.TO
YTSL.NEO	Tesla (TSLA) Yield Shares Purpose ETF	Derivative Income	30	-6.32%	438.20M	Dec 2022	MNY.TO vs YTSL.NEO
SBT.TO	Purpose Silver Bullion Fund	Silver, Precious Metals	46	2.24%	164.90M	May 2016	MNY.TO vs SBT.TO
PDIV.TO	Purpose Enhanced Dividend Fund ETF	Dividend	82	7.12%	212.60M	Jan 2018	MNY.TO vs PDIV.TO
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	Long-Short	64	5.69%	10.90M	Oct 2014	MNY.TO vs PMM.TO
YNVD.NEO	NVIDIA (NVDA) Yield Shares Purpose ETF	Derivative Income	62	17.05%	206.20M	Jan 2024	MNY.TO vs YNVD.NEO
BTCY.TO	Purpose Bitcoin Yield ETF - ETF Units		2	-28.08%	116.80M	Dec 2021	MNY.TO vs BTCY.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	Gold, Precious Metals	38	4.14%	—	Oct 2018	MNY.TO vs KILO-B.TO
BTCC-B.TO	Purpose Bitcoin ETF Non-Currency Hedged Units	Cryptocurrency	2	-24.57%	—	Oct 2021	MNY.TO vs BTCC-B.TO
BRKY.NEO	Berkshire Hathaway Yield Shares Purpose ETF	Large Cap Blend Equities	3	-6.85%	51.20M	Dec 2022	MNY.TO vs BRKY.NEO

Often Compared With MNY.TO

Investors most often compare MNY.TO with CBIL.TO, HSAV.TO, TCSH.TO. These 20 comparison targets span 13 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	0.85%	2.27B	Apr 2023	MNY.TO vs CBIL.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	66	1.04%	1.92B	Feb 2020	MNY.TO vs HSAV.TO
TCSH.TO	TD Cash Management ETF	Canadian Government Bonds	99	0.85%	—	Feb 2024	MNY.TO vs TCSH.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	Canadian Government Bonds, Ultrashort Bond	47	1.08%	3.53B	Jan 2011	MNY.TO vs ZST.TO
PINC.TO	Purpose Multi-Asset Income Fund		94	13.46%	106.10M	—	MNY.TO vs PINC.TO
SYLD.TO	Purpose Strategic Yield Fund		95	3.34%	500.10M	—	MNY.TO vs SYLD.TO
DXV.TO	Dynamic Active Investment Grade Floating Rate ETF		83	1.25%	344.32M	—	MNY.TO vs DXV.TO
CMNY.TO	CI Money Market ETF CAD Series	Money Market	99	0.99%	—	Jul 2023	MNY.TO vs CMNY.TO
RITA	ETFB Green SRI REITs ETF	REIT	20	5.12%	7.87M	Dec 2021	MNY.TO vs RITA
MNY	MoneyHero Limited Class A Ordinary Shares		68	3.57%	—	—	MNY.TO vs MNY
MCAD.TO	Evolve Premium Cash Management ETF	Short-Term Bond	100	0.94%	—	May 2023	MNY.TO vs MCAD.TO
ETFRX	North Square Tactical Defensive Fund	Tactical Allocation	52	7.91%	—	Sep 2006	MNY.TO vs ETFRX
ETFOX	North Square Tactical Growth Fund	Tactical Allocation	55	9.46%	—	Apr 2004	MNY.TO vs ETFOX
GERM	Amplify Treatments, Testing and Advancements ETF	Health & Biotech Equities	—	0.00%	9.68M	Jun 2020	MNY.TO vs GERM
YCST.NEO	Costco (COST) Yield Shares Purpose ETF	Derivative Income	5	12.72%	—	Feb 2025	MNY.TO vs YCST.NEO
GYRO	Gyrodyne, LLC		16	-29.60%	—	—	MNY.TO vs GYRO
MJ	ETFMG Alternative Harvest ETF	Small Cap Blend Equities, Cannabis	21	-14.07%	133.61M	Dec 2015	MNY.TO vs MJ
IPAY	ETFMG Prime Mobile Payments ETF	Technology Equities	2	-16.45%	162.68M	Jul 2015	MNY.TO vs IPAY
MNYWW	MoneyHero Limited Warrants		62	10.98%	—	—	MNY.TO vs MNYWW
PYF.TO	Purpose Premium Yield Fund Series ETF	Diversified Portfolio	22	1.16%	708.70M	Nov 2018	MNY.TO vs PYF.TO

Compare MNY.TO with Any Fund or Stock

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

Symbol name

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