CMR.TO vs. BND
Compare and contrast key facts about iShares Premium Money Market ETF (CMR.TO) and Vanguard Total Bond Market ETF (BND).
CMR.TO and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMR.TO is an actively managed fund by iShares. It was launched on Feb 19, 2008. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMR.TO or BND.
Key characteristics
| CMR.TO | BND | |
|---|---|---|
| YTD Return | 1.85% | -1.72% |
| 1Y Return | 5.00% | 0.29% |
| 3Y Return (Ann) | 2.76% | -3.10% |
| 5Y Return (Ann) | 1.95% | -0.03% |
| 10Y Return (Ann) | 1.37% | 1.21% |
| Sharpe Ratio | 16.62 | -0.04 |
| Daily Std Dev | 0.30% | 6.55% |
| Max Drawdown | -0.52% | -18.84% |
| Current Drawdown | 0.00% | -12.13% |
Correlation
The correlation between CMR.TO and BND is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CMR.TO vs. BND - Performance Comparison
In the year-to-date period, CMR.TO achieves a 1.85% return, which is significantly higher than BND's -1.72% return. Over the past 10 years, CMR.TO has outperformed BND with an annualized return of 1.37%, while BND has yielded a comparatively lower 1.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CMR.TO vs. BND - Expense Ratio Comparison
CMR.TO has a 0.14% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CMR.TO vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Premium Money Market ETF (CMR.TO) and Vanguard Total Bond Market ETF (BND). 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.
Dividends
CMR.TO vs. BND - Dividend Comparison
CMR.TO's dividend yield for the trailing twelve months is around 4.86%, more than BND's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMR.TO iShares Premium Money Market ETF | 4.86% | 4.64% | 1.62% | 0.00% | 0.47% | 1.60% | 1.33% | 0.61% | 0.43% | 0.48% | 0.77% | 0.81% |
BND Vanguard Total Bond Market ETF | 3.37% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
CMR.TO vs. BND - Drawdown Comparison
The maximum CMR.TO drawdown since its inception was -0.52%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for CMR.TO and BND. For additional features, visit the drawdowns tool.
Volatility
CMR.TO vs. BND - Volatility Comparison
iShares Premium Money Market ETF (CMR.TO) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.49% and 1.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.