CMR.TO vs. HISA.NEO
CMR.TO (iShares Premium Money Market ETF) and HISA.NEO (Evolve High Interest Savings Account ETF) are both Money Market funds. Both are actively managed. Over the past 5 years, CMR.TO returned 2.94%/yr vs 2.77%/yr for HISA.NEO. At a 0.16 correlation, their price movements are largely independent. CMR.TO charges 0.14%/yr vs 0.15%/yr for HISA.NEO.
Performance
CMR.TO vs. HISA.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, CMR.TO achieves a 0.99% return, which is significantly higher than HISA.NEO's 0.60% return.
CMR.TO
- 1D
- 0.02%
- 1M
- 0.19%
- YTD
- 0.99%
- 6M
- 1.05%
- 1Y
- 2.39%
- 3Y*
- 3.73%
- 5Y*
- 2.94%
- 10Y*
- 1.89%
HISA.NEO
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.60%
- 6M
- 0.80%
- 1Y
- 2.01%
- 3Y*
- 3.11%
- 5Y*
- 2.77%
- 10Y*
- —
CMR.TO vs. HISA.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CMR.TO iShares Premium Money Market ETF | 0.99% | 2.68% | 4.70% | 4.70% | 1.71% | 0.00% | 0.47% | 0.17% |
HISA.NEO Evolve High Interest Savings Account ETF | 0.60% | 2.30% | 3.78% | 4.66% | 2.28% | 0.52% | 0.82% | 0.76% |
Correlation
The correlation between CMR.TO and HISA.NEO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019 | 0.16 |
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Return for Risk
CMR.TO vs. HISA.NEO — Risk / Return Rank
CMR.TO
HISA.NEO
CMR.TO vs. HISA.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Premium Money Market ETF (CMR.TO) and Evolve High Interest Savings Account ETF (HISA.NEO). 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.TO | HISA.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.83 | ||
| Sortino ratioReturn per unit of downside risk | +16.28 | ||
| Omega ratioGain probability vs. loss probability | 9.64 | 5.25 | +4.39 |
| Calmar ratioReturn relative to maximum drawdown | 25.66 | 2.62 | +23.04 |
| Martin ratioReturn relative to average drawdown | 188.94 | 27.66 | +161.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMR.TO | HISA.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.70 | 2.87 | +7.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 10.68 | 2.78 | +7.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 7.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.84 | 2.35 | +1.49 |
Drawdowns
CMR.TO vs. HISA.NEO - Drawdown Comparison
The maximum CMR.TO drawdown since its inception was -0.52%, which is greater than HISA.NEO's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for CMR.TO and HISA.NEO.
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Drawdown Indicators
| CMR.TO | HISA.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | -0.42% | -0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -0.18% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -0.09% | -0.42% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -0.09% | -0.42% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -0.14% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -0.01% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.01% | 0.00% |
Volatility
CMR.TO vs. HISA.NEO - Volatility Comparison
iShares Premium Money Market ETF (CMR.TO) has a higher volatility of 0.05% compared to Evolve High Interest Savings Account ETF (HISA.NEO) at 0.03%. This indicates that CMR.TO's price experiences larger fluctuations and is considered to be riskier than HISA.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMR.TO | HISA.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 0.03% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 0.08% | +0.10% |
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% | 0.46% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 0.47% | -0.20% |
CMR.TO vs. HISA.NEO - Expense Ratio Comparison
CMR.TO has a 0.14% expense ratio, which is lower than HISA.NEO's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CMR.TO vs. HISA.NEO - Dividend Comparison
CMR.TO's dividend yield for the trailing twelve months is around 2.48%, more than HISA.NEO's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HISA.NEO Evolve High Interest Savings Account ETF | 2.27% | 2.32% | 3.65% | 4.60% | 2.22% | 0.52% | 0.84% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CMR.TO and HISA.NEO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMR.TO is cheaper with a 0.14% expense ratio, compared with 0.15% for HISA.NEO.
They also come from different issuers: iShares and Evolve. Their fees differ too: 0.14% for CMR.TO and 0.15% for HISA.NEO.
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