CMR.TO vs. XEC.TO
CMR.TO (iShares Premium Money Market ETF) and XEC.TO (iShares Core MSCI Emerging Markets IMI Index ETF) are both exchange-traded funds - CMR.TO is a Money Market fund actively managed by iShares, while XEC.TO is a Emerging Markets Equities fund tracking the Morningstar EM GR CAD. CMR.TO is actively managed, while XEC.TO is passively managed. Over the past 10 years, CMR.TO returned 1.89%/yr vs 10.71%/yr for XEC.TO. At a correlation of -0.01, they often move in opposite directions. CMR.TO charges 0.14%/yr vs 0.28%/yr for XEC.TO.
Performance
CMR.TO vs. XEC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CMR.TO achieves a 0.97% return, which is significantly lower than XEC.TO's 27.92% return. Over the past 10 years, CMR.TO has underperformed XEC.TO with an annualized return of 1.89%, while XEC.TO has yielded a comparatively higher 10.71% annualized 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%
XEC.TO
- 1D
- -0.88%
- 1M
- 10.15%
- YTD
- 27.92%
- 6M
- 28.48%
- 1Y
- 54.44%
- 3Y*
- 24.69%
- 5Y*
- 10.21%
- 10Y*
- 10.71%
CMR.TO vs. XEC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMR.TO iShares Premium Money Market ETF | 0.97% | 2.68% | 4.70% | 4.70% | 1.71% | 0.00% | 0.47% | 1.63% | 1.29% | 0.63% |
XEC.TO iShares Core MSCI Emerging Markets IMI Index ETF | 27.92% | 25.78% | 16.14% | 7.92% | -14.68% | -1.74% | 15.08% | 11.53% | -8.26% | 27.93% |
Correlation
The correlation between CMR.TO and XEC.TO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2013 | -0.01 |
The correlation between CMR.TO and XEC.TO shifts across timeframes, from -0.12 (1 year) to 0.02 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CMR.TO vs. XEC.TO — Risk / Return Rank
CMR.TO
XEC.TO
CMR.TO vs. XEC.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 Core MSCI Emerging Markets IMI Index ETF (XEC.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 | XEC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.60 | ||
| Sortino ratioReturn per unit of downside risk | +17.26 | ||
| Omega ratioGain probability vs. loss probability | 9.57 | 1.56 | +8.01 |
| Calmar ratioReturn relative to maximum drawdown | 25.44 | 4.86 | +20.58 |
| Martin ratioReturn relative to average drawdown | 187.33 | 17.00 | +170.32 |
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 | XEC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.61 | 3.01 | +7.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 10.67 | 0.65 | +10.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 7.02 | 0.61 | +6.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.84 | 0.52 | +3.32 |
Drawdowns
CMR.TO vs. XEC.TO - Drawdown Comparison
The maximum CMR.TO drawdown since its inception was -0.52%, smaller than the maximum XEC.TO drawdown of -32.54%. Use the drawdown chart below to compare losses from any high point for CMR.TO and XEC.TO.
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Drawdown Indicators
| CMR.TO | XEC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | -32.54% | +32.02% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -11.25% | +11.16% |
Max Drawdown (3Y)Largest decline over 3 years | -0.09% | -15.07% | +14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -0.09% | -29.14% | +29.05% |
Max Drawdown (10Y)Largest decline over 10 years | -0.14% | -32.54% | +32.40% |
Current DrawdownCurrent decline from peak | -0.02% | -0.88% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -9.56% | +9.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 3.21% | -3.20% |
Volatility
CMR.TO vs. XEC.TO - Volatility Comparison
The current volatility for iShares Premium Money Market ETF (CMR.TO) is 0.05%, while iShares Core MSCI Emerging Markets IMI Index ETF (XEC.TO) has a volatility of 7.80%. This indicates that CMR.TO experiences smaller price fluctuations and is considered to be less risky than XEC.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 | XEC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 7.80% | -7.75% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 15.85% | -15.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 18.19% | -17.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 15.91% | -15.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 17.60% | -17.33% |
CMR.TO vs. XEC.TO - Expense Ratio Comparison
CMR.TO has a 0.14% expense ratio, which is lower than XEC.TO's 0.28% expense ratio.
Dividends
CMR.TO vs. XEC.TO - Dividend Comparison
CMR.TO's dividend yield for the trailing twelve months is around 2.48%, more than XEC.TO's 1.50% 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% |
XEC.TO iShares Core MSCI Emerging Markets IMI Index ETF | 1.50% | 1.92% | 2.03% | 2.16% | 2.28% | 2.78% | 1.64% | 2.87% | 2.66% | 2.13% | 1.80% | 2.19% |
Frequently Asked Questions
CMR.TO and XEC.TO have a correlation of -0.12, 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 0.28% for XEC.TO.
CMR.TO is categorized as Money Market, while XEC.TO is Emerging Markets Equities. Their fees differ too: 0.14% for CMR.TO and 0.28% for XEC.TO.
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