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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMR.TO or SWVXX.
Key characteristics
| CMR.TO | SWVXX | |
|---|---|---|
| YTD Return | 1.85% | 1.07% |
| 1Y Return | 5.00% | 4.43% |
| 3Y Return (Ann) | 2.75% | 2.55% |
| 5Y Return (Ann) | 1.95% | 1.83% |
| 10Y Return (Ann) | 1.37% | 1.24% |
| Sharpe Ratio | 16.49 | 3.19 |
| Daily Std Dev | 0.30% | 1.41% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CMR.TO and SWVXX is 0.01, 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. SWVXX - Performance Comparison
In the year-to-date period, CMR.TO achieves a 1.85% return, which is significantly higher than SWVXX's 1.07% return. Over the past 10 years, CMR.TO has outperformed SWVXX with an annualized return of 1.37%, while SWVXX has yielded a comparatively lower 1.24% annualized 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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Risk-Adjusted Performance
CMR.TO vs. SWVXX - Risk-Adjusted Performance 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.
Drawdowns
CMR.TO vs. SWVXX - Drawdown Comparison
Volatility
CMR.TO vs. SWVXX - Volatility Comparison
iShares Premium Money Market ETF (CMR.TO) has a higher volatility of 1.49% compared to Schwab Value Advantage Money Fund (SWVXX) at 0.00%. This indicates that CMR.TO's price experiences larger fluctuations and is considered to be riskier than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.