CMR.TO vs. IAGG
Compare and contrast key facts about iShares Premium Money Market ETF (CMR.TO) and iShares Core International Aggregate Bond ETF (IAGG).
CMR.TO and IAGG 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. IAGG is a passively managed fund by iShares that tracks the performance of the Barclays Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. It was launched on Nov 10, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMR.TO or IAGG.
Key characteristics
| CMR.TO | IAGG | |
|---|---|---|
| YTD Return | 1.85% | -0.18% |
| 1Y Return | 5.00% | 4.52% |
| 3Y Return (Ann) | 2.76% | -0.86% |
| 5Y Return (Ann) | 1.95% | 0.74% |
| Sharpe Ratio | 16.62 | 0.98 |
| Daily Std Dev | 0.30% | 4.45% |
| Max Drawdown | -0.52% | -13.88% |
| Current Drawdown | 0.00% | -5.28% |
Correlation
The correlation between CMR.TO and IAGG is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CMR.TO vs. IAGG - Performance Comparison
In the year-to-date period, CMR.TO achieves a 1.85% return, which is significantly higher than IAGG's -0.18% 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. IAGG - Expense Ratio Comparison
CMR.TO has a 0.14% expense ratio, which is higher than IAGG's 0.09% 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. IAGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Premium Money Market ETF (CMR.TO) and iShares Core International Aggregate Bond ETF (IAGG). 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. IAGG - Dividend Comparison
CMR.TO's dividend yield for the trailing twelve months is around 4.86%, more than IAGG's 3.56% 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% |
IAGG iShares Core International Aggregate Bond ETF | 3.56% | 3.55% | 2.27% | 1.16% | 1.95% | 2.81% | 3.02% | 1.74% | 1.56% | 0.13% | 0.00% | 0.00% |
Drawdowns
CMR.TO vs. IAGG - Drawdown Comparison
The maximum CMR.TO drawdown since its inception was -0.52%, smaller than the maximum IAGG drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for CMR.TO and IAGG. For additional features, visit the drawdowns tool.
Volatility
CMR.TO vs. IAGG - Volatility Comparison
iShares Premium Money Market ETF (CMR.TO) has a higher volatility of 1.49% compared to iShares Core International Aggregate Bond ETF (IAGG) at 0.94%. This indicates that CMR.TO's price experiences larger fluctuations and is considered to be riskier than IAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.