CMR.TO vs. XCHP.TO
CMR.TO (iShares Premium Money Market ETF) and XCHP.TO (iShares Semiconductor Index ETF) are both exchange-traded funds - CMR.TO is a Money Market fund actively managed by iShares, while XCHP.TO is a Semiconductors fund tracking the NYSE Semiconductor Index. CMR.TO is actively managed, while XCHP.TO is passively managed. Over the past year, CMR.TO returned 2.49% vs 174.83% for XCHP.TO. At a 0.01 correlation, their price movements are largely independent. CMR.TO charges 0.13%/yr vs 0.39%/yr for XCHP.TO.
Performance
CMR.TO vs. XCHP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CMR.TO achieves a 1.11% return, which is significantly lower than XCHP.TO's 107.37% return.
CMR.TO
- 1D
- 0.00%
- 1M
- 0.18%
- YTD
- 1.11%
- 6M
- 1.17%
- 1Y
- 2.49%
- 3Y*
- 3.74%
- 5Y*
- 2.99%
- 10Y*
- 1.92%
XCHP.TO
- 1D
- -7.52%
- 1M
- 15.53%
- YTD
- 107.37%
- 6M
- 104.94%
- 1Y
- 174.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMR.TO vs. XCHP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CMR.TO iShares Premium Money Market ETF | 1.11% | 2.78% | 4.70% | 1.50% |
XCHP.TO iShares Semiconductor Index ETF | 107.37% | 32.93% | 21.39% | 15.07% |
Correlation
The correlation between CMR.TO and XCHP.TO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.01 |
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Return for Risk
CMR.TO vs. XCHP.TO — Risk / Return Rank
CMR.TO
XCHP.TO
CMR.TO vs. XCHP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Premium Money Market ETF (CMR.TO) and iShares Semiconductor Index ETF (XCHP.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CMR.TO | XCHP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.70 | ||
| Sortino ratioReturn per unit of downside risk | +34.55 | ||
| Omega ratioGain probability vs. loss probability | 13.32 | 1.62 | +11.69 |
| Calmar ratioReturn relative to maximum drawdown | 125.12 | 12.37 | +112.74 |
| Martin ratioReturn relative to average drawdown | 572.45 | 42.02 | +530.43 |
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Drawdowns
CMR.TO vs. XCHP.TO - Drawdown Comparison
The maximum CMR.TO drawdown since its inception was -0.52%, smaller than the maximum XCHP.TO drawdown of -39.06%. Use the drawdown chart below to compare losses from any high point for CMR.TO and XCHP.TO.
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Drawdown Indicators
| CMR.TO | XCHP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | -39.06% | +38.54% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -14.22% | +14.20% |
Max Drawdown (3Y)Largest decline over 3 years | -0.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -0.14% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.52% | +7.52% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -8.18% | +8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 4.18% | -4.18% |
Volatility
CMR.TO vs. XCHP.TO - Volatility Comparison
The current volatility for iShares Premium Money Market ETF (CMR.TO) is 0.07%, while iShares Semiconductor Index ETF (XCHP.TO) has a volatility of 19.98%. This indicates that CMR.TO experiences smaller price fluctuations and is considered to be less risky than XCHP.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 | XCHP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 19.98% | -19.91% |
Volatility (6M)Calculated over the trailing 6-month period | 0.15% | 31.53% | -31.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 38.04% | -37.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.27% | 38.01% | -37.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 38.01% | -37.74% |
CMR.TO vs. XCHP.TO - Expense Ratio Comparison
CMR.TO has a 0.13% expense ratio, which is lower than XCHP.TO's 0.39% expense ratio.
Dividends
CMR.TO vs. XCHP.TO - Dividend Comparison
CMR.TO's dividend yield for the trailing twelve months is around 2.48%, while XCHP.TO has not paid dividends to shareholders.
| 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% | 1.63% | 0.00% | 0.47% | 1.60% | 1.33% | 0.61% | 0.43% | 0.48% |
XCHP.TO iShares Semiconductor Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CMR.TO and XCHP.TO have a correlation of -0.06, 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 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMR.TO is cheaper with a 0.13% expense ratio, compared with 0.39% for XCHP.TO.
CMR.TO is categorized as Money Market, while XCHP.TO is Semiconductors. Their fees differ too: 0.13% for CMR.TO and 0.39% for XCHP.TO.
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