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CMR.TO vs. CCAD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CMR.TO vs. CCAD.TO

Last updated Jun 4, 2026

CMR.TO (iShares Premium Money Market ETF) and CCAD.TO (CIBC Premium Cash Management ETF) are both Money Market funds. Both are actively managed. Over the past year, CMR.TO returned 2.37% vs 2.58% for CCAD.TO. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.14% expense ratio.

Performance

CMR.TO vs. CCAD.TO - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with CMR.TO having a 0.97% return and CCAD.TO slightly higher at 0.98%.

CMR.TO

1D
0.00%
1M
0.19%
YTD
0.97%
6M
1.05%
1Y
2.37%
3Y*
3.73%
5Y*
2.94%
10Y*
1.89%

CCAD.TO

1D
0.02%
1M
0.20%
YTD
0.98%
6M
1.20%
1Y
2.58%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025
CMR.TO
iShares Premium Money Market ETF		0.97%1.56%
CCAD.TO
CIBC Premium Cash Management ETF		0.98%1.69%

Correlation

The correlation between CMR.TO and CCAD.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.06

Correlation (All Time)
Calculated using the full available price history since May 15, 2025

0.05

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Premium Money Market ETF

CIBC Premium Cash Management ETF

Often compared with CMR.TO:
CMR.TO vs. ZMMK.TOCMR.TO vs. CASH.TOCMR.TO vs. CBIL.TOCMR.TO vs. XFR.TOCMR.TO vs. MNY.TOCMR.TO vs. HSAV.TOCMR.TO vs. VOO
Often compared with CCAD.TO:
CCAD.TO vs. ZMMK.TOCCAD.TO vs. TBIL.TOCCAD.TO vs. CMNY.TOCCAD.TO vs. CASH.TOCCAD.TO vs. PSA.TOCCAD.TO vs. HSUV-U.TOCCAD.TO vs. CSBG.NEO

Return for Risk

CMR.TO vs. CCAD.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: 9999
Overall Rank
CMR.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CMR.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
CMR.TO Omega Ratio Rank: 100100
Omega Ratio Rank
CMR.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
CMR.TO Martin Ratio Rank: 9999
Martin Ratio Rank
CCAD.TO
CCAD.TO Risk / Return Rank: 9999
Overall Rank
CCAD.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CCAD.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
CCAD.TO Omega Ratio Rank: 9999
Omega Ratio Rank
CCAD.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
CCAD.TO Martin Ratio Rank: 9999
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Premium Money Market ETF (CMR.TO) and CIBC Premium Cash Management ETF (CCAD.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.

CMR.TOCCAD.TODifference
Sharpe ratioReturn per unit of total volatility
10.61
7.29

+3.32

Sortino ratioReturn per unit of downside risk
21.13
15.09

+6.03

Omega ratioGain probability vs. loss probability

9.57

3.66

+5.90

Calmar ratioReturn relative to maximum drawdown

25.44

32.50

-7.06

Martin ratioReturn relative to average drawdown

187.33

171.24

+16.09

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current CMR.TO Sharpe Ratio is 10.61, which is higher than the CCAD.TO Sharpe Ratio of 7.29. The chart below compares the historical Sharpe Ratios of CMR.TO and CCAD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CMR.TOCCAD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

10.61

7.29

+3.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

10.67

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

7.02

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

3.84

7.34

-3.50

Drawdowns

CMR.TO vs. CCAD.TO - Drawdown Comparison

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

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Drawdown Indicators

CMR.TOCCAD.TODifference

Max Drawdown

Largest peak-to-trough decline

-0.52%

-0.08%

-0.44%

Max Drawdown (1Y)

Largest decline over 1 year

-0.09%

-0.08%

-0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-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

-0.02%

0.00%

-0.02%

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%

0.02%

-0.01%

Volatility

CMR.TO vs. CCAD.TO - Volatility Comparison

The current volatility for iShares Premium Money Market ETF (CMR.TO) is 0.05%, while CIBC Premium Cash Management ETF (CCAD.TO) has a volatility of 0.06%. This indicates that CMR.TO experiences smaller price fluctuations and is considered to be less risky than CCAD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CMR.TOCCAD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.05%

0.06%

-0.01%

Volatility (6M)

Calculated over the trailing 6-month period

0.18%

0.19%

-0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

0.22%

0.36%

-0.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.28%

0.35%

-0.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.27%

0.35%

-0.08%

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

Both CMR.TO and CCAD.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%.

Dividends

CMR.TO vs. CCAD.TO - Dividend Comparison

CMR.TO's dividend yield for the trailing twelve months is around 2.48%, less than CCAD.TO's 2.63% yield.

PositionTTM20252024202320222021202020192018201720162015
CCAD.TO
CIBC Premium Cash Management ETF		2.63%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		2.48%2.81%4.56%4.64%1.62%0.00%0.47%1.60%1.33%0.61%0.43%0.48%

Frequently Asked Questions

CMR.TO and CCAD.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.14% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

CMR.TO and CCAD.TO have the same expense ratio: 0.14% per year.

They also come from different issuers: iShares and CIBC.

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