CMR.TO vs. SWVXX
Compare and contrast key facts about iShares Premium Money Market ETF (CMR.TO) and Schwab Value Advantage Money Fund (SWVXX).
CMR.TO is an actively managed fund by iShares. It was launched on Feb 19, 2008. SWVXX is an actively managed fund by Charles Schwab. It was launched on Aug 27, 1993.
Performance
CMR.TO vs. SWVXX - Performance Comparison
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CMR.TO vs. SWVXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CMR.TO iShares Premium Money Market ETF | 0.61% | 2.68% | 4.70% | 4.70% | 1.71% | 0.00% |
SWVXX Schwab Value Advantage Money Fund | 1.68% | -0.63% | 14.19% | 2.73% | 7.13% | 4.78% |
Different Trading Currencies
CMR.TO is traded in CAD, while SWVXX is traded in USD. To make them comparable, the SWVXX 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 0.61% return, which is significantly lower than SWVXX's 1.68% return.
CMR.TO
- 1D
- 0.02%
- 1M
- 0.23%
- YTD
- 0.61%
- 6M
- 1.12%
- 1Y
- 2.50%
- 3Y*
- 3.86%
- 5Y*
- 2.87%
- 10Y*
- 1.86%
SWVXX
- 1D
- -0.30%
- 1M
- 1.42%
- YTD
- 1.68%
- 6M
- 0.87%
- 1Y
- 1.06%
- 3Y*
- 5.59%
- 5Y*
- —
- 10Y*
- —
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CMR.TO vs. SWVXX - Expense Ratio Comparison
CMR.TO has a 0.14% expense ratio, which is lower than SWVXX's 0.34% expense ratio.
Return for Risk
CMR.TO vs. SWVXX — Risk / Return Rank
CMR.TO
SWVXX
CMR.TO vs. SWVXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Premium Money Market ETF (CMR.TO) and Schwab Value Advantage Money Fund (SWVXX). 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 | SWVXX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 10.82 | 0.11 | +10.71 |
Sortino ratioReturn per unit of downside risk | 21.93 | 0.18 | +21.74 |
Omega ratioGain probability vs. loss probability | 9.42 | 1.02 | +8.40 |
Calmar ratioReturn relative to maximum drawdown | 26.95 | 0.09 | +26.86 |
Martin ratioReturn relative to average drawdown | 197.89 | 0.17 | +197.73 |
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 | SWVXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.82 | 0.11 | +10.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 10.34 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 6.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.81 | 0.95 | +2.86 |
Correlation
The correlation between CMR.TO and SWVXX is 0.07, 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.
Dividends
CMR.TO vs. SWVXX - Dividend Comparison
CMR.TO's dividend yield for the trailing twelve months is around 2.57%, less than SWVXX's 3.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMR.TO iShares Premium Money Market ETF | 2.57% | 2.81% | 4.56% | 4.64% | 1.62% | 0.00% | 0.47% | 1.60% | 1.33% | 0.61% | 0.43% | 0.48% |
SWVXX Schwab Value Advantage Money Fund | 3.61% | 4.06% | 5.02% | 4.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CMR.TO vs. SWVXX - Drawdown Comparison
The maximum CMR.TO drawdown since its inception was -0.52%, smaller than the maximum SWVXX drawdown of -5.33%. Use the drawdown chart below to compare losses from any high point for CMR.TO and SWVXX.
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Drawdown Indicators
| CMR.TO | SWVXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | 0.00% | -0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | 0.00% | -0.09% |
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 | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.01% | 0.00% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.00% | +0.01% |
Volatility
CMR.TO vs. SWVXX - Volatility Comparison
The current volatility for iShares Premium Money Market ETF (CMR.TO) is 0.08%, while Schwab Value Advantage Money Fund (SWVXX) has a volatility of 1.43%. This indicates that CMR.TO experiences smaller price fluctuations and is considered to be less risky than SWVXX 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 | SWVXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 1.43% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 3.71% | -3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 5.42% | -5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 6.53% | -6.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 6.53% | -6.26% |