CMR.TO vs. PSU-U.TO
CMR.TO (iShares Premium Money Market ETF) and PSU-U.TO (Purpose US Cash Fund) are both Money Market funds. Both are actively managed. Over the past 5 years, CMR.TO returned 2.94%/yr vs 5.60%/yr for PSU-U.TO. At a 0.03 correlation, their price movements are largely independent. CMR.TO charges 0.14%/yr vs 0.17%/yr for PSU-U.TO.
Performance
CMR.TO vs. PSU-U.TO - Performance Comparison
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Different Trading Currencies
CMR.TO is traded in CAD, while PSU-U.TO is traded in USD. To make them comparable, the PSU-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 PSU-U.TO's 2.34% 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%
PSU-U.TO
- 1D
- 0.43%
- 1M
- 2.22%
- YTD
- 2.34%
- 6M
- 0.82%
- 1Y
- 4.06%
- 3Y*
- 4.57%
- 5Y*
- 5.60%
- 10Y*
- —
CMR.TO vs. PSU-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CMR.TO iShares Premium Money Market ETF | 0.97% | 2.68% | 4.70% | 4.70% | 1.71% | 0.00% | 0.47% | 1.63% | 1.15% |
PSU-U.TO Purpose US Cash Fund | 2.34% | -1.75% | 12.58% | 1.64% | 8.73% | -0.62% | -1.27% | -3.31% | 7.52% |
Correlation
The correlation between CMR.TO and PSU-U.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2018 | 0.03 |
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Return for Risk
CMR.TO vs. PSU-U.TO — Risk / Return Rank
CMR.TO
PSU-U.TO
CMR.TO vs. PSU-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 Purpose US Cash Fund (PSU-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 | PSU-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.72 | ||
| Sortino ratioReturn per unit of downside risk | +19.89 | ||
| Omega ratioGain probability vs. loss probability | 9.57 | 1.16 | +8.41 |
| Calmar ratioReturn relative to maximum drawdown | 25.44 | 1.00 | +24.44 |
| Martin ratioReturn relative to average drawdown | 187.33 | 2.59 | +184.74 |
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 | PSU-U.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.61 | 0.89 | +9.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 10.67 | 0.89 | +9.78 |
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 | 0.46 | +3.38 |
Drawdowns
CMR.TO vs. PSU-U.TO - Drawdown Comparison
The maximum CMR.TO drawdown since its inception was -0.52%, smaller than the maximum PSU-U.TO drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for CMR.TO and PSU-U.TO.
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Drawdown Indicators
| CMR.TO | PSU-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | -16.93% | +16.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -4.07% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -0.09% | -5.47% | +5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -0.09% | -5.47% | +5.38% |
Max Drawdown (10Y)Largest decline over 10 years | -0.14% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.70% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -4.87% | +4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.57% | -1.56% |
Volatility
CMR.TO vs. PSU-U.TO - Volatility Comparison
The current volatility for iShares Premium Money Market ETF (CMR.TO) is 0.05%, while Purpose US Cash Fund (PSU-U.TO) has a volatility of 0.83%. This indicates that CMR.TO experiences smaller price fluctuations and is considered to be less risky than PSU-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 | PSU-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 0.83% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 3.44% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 4.59% | -4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 6.32% | -6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 6.56% | -6.29% |
CMR.TO vs. PSU-U.TO - Expense Ratio Comparison
CMR.TO has a 0.14% expense ratio, which is lower than PSU-U.TO's 0.17% 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. PSU-U.TO - Dividend Comparison
CMR.TO's dividend yield for the trailing twelve months is around 2.48%, less than PSU-U.TO's 2.70% 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% |
PSU-U.TO Purpose US Cash Fund | 2.70% | 2.90% | 3.65% | 3.87% | 1.45% | 0.29% | 0.41% | 1.70% | 1.20% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CMR.TO and PSU-U.TO have a correlation of 0.11, 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 0.17% for PSU-U.TO.
They also come from different issuers: iShares and Purpose Investments. Their fees differ too: 0.14% for CMR.TO and 0.17% for PSU-U.TO.
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