CMR.TO vs. HISU-U.TO
CMR.TO (iShares Premium Money Market ETF) and HISU-U.TO (Evolve US High Interest Savings Account Fund) are both Money Market funds. Both are actively managed. Over the past 3 years, CMR.TO returned 3.73%/yr vs 4.59%/yr for HISU-U.TO. At a 0.05 correlation, their price movements are largely independent. CMR.TO charges 0.14%/yr vs 0.15%/yr for HISU-U.TO.
Performance
CMR.TO vs. HISU-U.TO - Performance Comparison
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Different Trading Currencies
CMR.TO is traded in CAD, while HISU-U.TO is traded in USD. To make them comparable, the HISU-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CMR.TO achieves a 0.97% return, which is significantly lower than HISU-U.TO's 2.33% return.
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%
HISU-U.TO
- 1D
- 0.42%
- 1M
- 2.21%
- YTD
- 2.33%
- 6M
- 0.87%
- 1Y
- 4.08%
- 3Y*
- 4.59%
- 5Y*
- —
- 10Y*
- —
CMR.TO vs. HISU-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CMR.TO iShares Premium Money Market ETF | 0.97% | 2.68% | 4.70% | 4.70% | 1.17% |
HISU-U.TO Evolve US High Interest Savings Account Fund | 2.33% | -1.75% | 12.72% | 1.60% | 4.39% |
Correlation
The correlation between CMR.TO and HISU-U.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022 | 0.05 |
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Return for Risk
CMR.TO vs. HISU-U.TO — Risk / Return Rank
CMR.TO
HISU-U.TO
CMR.TO vs. HISU-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Premium Money Market ETF (CMR.TO) and Evolve US High Interest Savings Account Fund (HISU-U.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.TO | HISU-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.71 | ||
| Sortino ratioReturn per unit of downside risk | +19.88 | ||
| Omega ratioGain probability vs. loss probability | 9.57 | 1.16 | +8.41 |
| Calmar ratioReturn relative to maximum drawdown | 25.44 | 1.02 | +24.41 |
| Martin ratioReturn relative to average drawdown | 187.33 | 2.66 | +184.66 |
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 | HISU-U.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.61 | 0.90 | +9.71 |
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 | 0.85 | +2.99 |
Drawdowns
CMR.TO vs. HISU-U.TO - Drawdown Comparison
The maximum CMR.TO drawdown since its inception was -0.52%, smaller than the maximum HISU-U.TO drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for CMR.TO and HISU-U.TO.
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Drawdown Indicators
| CMR.TO | HISU-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | -5.49% | +4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -4.01% | +3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -0.09% | -5.49% | +5.40% |
Max Drawdown (5Y)Largest decline over 5 years | -0.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -0.14% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.69% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -1.78% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.54% | -1.53% |
Volatility
CMR.TO vs. HISU-U.TO - Volatility Comparison
The current volatility for iShares Premium Money Market ETF (CMR.TO) is 0.05%, while Evolve US High Interest Savings Account Fund (HISU-U.TO) has a volatility of 0.79%. This indicates that CMR.TO experiences smaller price fluctuations and is considered to be less risky than HISU-U.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.TO | HISU-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 0.79% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 3.43% | -3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 4.58% | -4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 5.94% | -5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 5.94% | -5.67% |
CMR.TO vs. HISU-U.TO - Expense Ratio Comparison
CMR.TO has a 0.14% expense ratio, which is lower than HISU-U.TO'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. HISU-U.TO - Dividend Comparison
CMR.TO's dividend yield for the trailing twelve months is around 2.48%, less than HISU-U.TO's 2.74% 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% |
HISU-U.TO Evolve US High Interest Savings Account Fund | 2.74% | 2.93% | 3.70% | 3.85% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CMR.TO and HISU-U.TO have a correlation of 0.10, 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 HISU-U.TO.
They also come from different issuers: iShares and Evolve. Their fees differ too: 0.14% for CMR.TO and 0.15% for HISU-U.TO.
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