CCAD.TO vs. CMR.TO

Last updated Apr 4, 2026

Compare and contrast key facts about CIBC Premium Cash Management ETF (CCAD.TO) and iShares Premium Money Market ETF (CMR.TO).

CCAD.TO and CMR.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CCAD.TO is an actively managed fund by CIBC. It was launched on May 14, 2025. CMR.TO is an actively managed fund by iShares. It was launched on Feb 19, 2008.

Performance

CCAD.TO vs. CMR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CIBC Premium Cash Management ETF (CCAD.TO) and iShares Premium Money Market ETF (CMR.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with CCAD.TO having a 0.59% return and CMR.TO slightly higher at 0.61%.

CCAD.TO

• 1D: 0.02%
• 1M: 0.21%
• YTD: 0.59%
• 6M: 1.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMR.TO

• 1D: 0.02%
• 1M: 0.21%
• YTD: 0.61%
• 6M: 1.08%
• 1Y: 2.48%
• 3Y*: 3.86%
• 5Y*: 2.87%
• 10Y*: 1.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CCAD.TO vs. CMR.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CCAD.TO CIBC Premium Cash Management ETF	0.59%	1.69%
CMR.TO iShares Premium Money Market ETF	0.61%	1.56%

Correlation

The correlation between CCAD.TO and CMR.TO is 0.04, meaning there is essentially no relationship between their price movements. They neither move together nor in opposition — each responds to its own set of market drivers. This independence makes them strong candidates for combining in a diversified portfolio.

CCAD.TO vs. CMR.TO - Expense Ratio Comparison

Both CCAD.TO and CMR.TO have an expense ratio of 0.14%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

CCAD.TO

CIBC Premium Cash Management ETF

CMR.TO

iShares Premium Money Market ETF

Return for Risk

CCAD.TO vs. CMR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMR.TO

CMR.TO Risk / Return Rank: 99
CMR.TO Sharpe Ratio Rank: 100
CMR.TO Sortino Ratio Rank: 99
CMR.TO Omega Ratio Rank: 100
CMR.TO Calmar Ratio Rank: 99
CMR.TO Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCAD.TO vs. CMR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CIBC Premium Cash Management ETF (CCAD.TO) and iShares Premium Money Market ETF (CMR.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CCAD.TO	CMR.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	10.82	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	10.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	6.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.15	3.81	+3.34

Drawdowns

CCAD.TO vs. CMR.TO - Drawdown Comparison

The maximum CCAD.TO drawdown since its inception was -0.08%, smaller than the maximum CMR.TO drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for CCAD.TO and CMR.TO.

Drawdown Indicators

	CCAD.TO	CMR.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.08%	-0.52%	+0.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.09%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.14%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.01%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	CCAD.TO	CMR.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.37%	0.23%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.37%	0.28%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.37%	0.27%	+0.10%

Dividends

CCAD.TO vs. CMR.TO - Dividend Comparison

CCAD.TO's dividend yield for the trailing twelve months is around 2.23%, less than CMR.TO's 2.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCAD.TO CIBC Premium Cash Management ETF	2.23%	1.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CMR.TO iShares Premium Money Market ETF	2.57%	2.81%	4.56%	4.64%	1.62%	0.00%	0.47%	1.60%	1.33%	0.61%	0.43%	0.48%