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CMR.TO vs. SWVXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CMR.TO vs. SWVXX

Last updated Jun 4, 2026

CMR.TO (iShares Premium Money Market ETF) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both Money Market funds. Both are actively managed. Over the past 5 years, CMR.TO returned 2.94%/yr vs 5.94%/yr for SWVXX. At a 0.08 correlation, their price movements are largely independent. CMR.TO charges 0.14%/yr vs 0.34%/yr for SWVXX.

Performance

CMR.TO vs. SWVXX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Premium Money Market ETF (CMR.TO) and Schwab Prime Advantage Money Fund Investor Shares (SWVXX). The values are adjusted to include any dividend payments, if applicable.

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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 0.97% return, which is significantly lower than SWVXX's 2.32% 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%

SWVXX

1D
0.31%
1M
1.88%
YTD
2.32%
6M
0.96%
1Y
4.76%
3Y*
5.78%
5Y*
5.94%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CMR.TO vs. SWVXX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
CMR.TO
iShares Premium Money Market ETF		0.97%2.68%4.70%4.70%1.71%0.00%
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		2.32%-0.63%14.19%2.73%7.13%4.78%

Correlation

The correlation between CMR.TO and SWVXX 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 May 26, 2021

0.08

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Premium Money Market ETF

Schwab Prime Advantage Money Fund Investor Shares

Often compared with CMR.TO:
CMR.TO vs. ZMMK.TOCMR.TO vs. CASH.TOCMR.TO vs. CBIL.TOCMR.TO vs. XFR.TOCMR.TO vs. MNY.TOCMR.TO vs. HSAV.TOCMR.TO vs. VOO
Often compared with SWVXX:
SWVXX vs. SGOVSWVXX vs. VMFXXSWVXX vs. SNSXXSWVXX vs. SPAXXSWVXX vs. SHVSWVXX vs. BILSWVXX vs. SWAGX

Return for Risk

CMR.TO vs. SWVXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CMR.TO
CMR.TO Risk / Return Rank: 9999
Overall Rank
CMR.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CMR.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
CMR.TO Omega Ratio Rank: 100100
Omega Ratio Rank
CMR.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
CMR.TO Martin Ratio Rank: 9999
Martin Ratio Rank
SWVXX
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 Prime Advantage Money Fund Investor Shares (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.TOSWVXXDifference
Sharpe ratioReturn per unit of total volatility
10.61
1.05

+9.56

Sortino ratioReturn per unit of downside risk
21.13
1.46

+19.66

Omega ratioGain probability vs. loss probability

9.57

1.19

+8.38

Calmar ratioReturn relative to maximum drawdown

25.44

1.32

+24.12

Martin ratioReturn relative to average drawdown

187.33

3.83

+183.49

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMR.TO vs. SWVXX - Sharpe Ratio Comparison

The current CMR.TO Sharpe Ratio is 10.61, which is higher than the SWVXX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of CMR.TO and SWVXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CMR.TOSWVXXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

10.61

1.05

+9.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

10.67

0.95

+9.73

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

0.95

+2.89

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.TOSWVXXDifference

Max Drawdown

Largest peak-to-trough decline

-0.52%

-5.33%

+4.81%

Max Drawdown (1Y)

Largest decline over 1 year

-0.09%

-3.86%

+3.77%

Max Drawdown (3Y)

Largest decline over 3 years

-0.09%

-5.33%

+5.24%

Max Drawdown (5Y)

Largest decline over 5 years

-0.09%

-5.33%

+5.24%

Max Drawdown (10Y)

Largest decline over 10 years

-0.14%

—

—

Current Drawdown

Current decline from peak

-0.02%

0.00%

-0.02%

Average Drawdown

Average peak-to-trough decline

-0.01%

-1.61%

+1.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.01%

1.47%

-1.46%

Volatility

CMR.TO vs. SWVXX - Volatility Comparison

The current volatility for iShares Premium Money Market ETF (CMR.TO) is 0.05%, while Schwab Prime Advantage Money Fund Investor Shares (SWVXX) has a volatility of 0.57%. 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.TOSWVXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.05%

0.57%

-0.52%

Volatility (6M)

Calculated over the trailing 6-month period

0.18%

3.70%

-3.52%

Volatility (1Y)

Calculated over the trailing 1-year period

0.22%

4.88%

-4.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.28%

6.47%

-6.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.27%

6.46%

-6.19%

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.

Dividends

CMR.TO vs. SWVXX - Dividend Comparison

CMR.TO's dividend yield for the trailing twelve months is around 2.48%, less than SWVXX's 3.77% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		3.77%4.06%5.02%4.91%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CMR.TO and SWVXX 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.

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