CMR.TO vs. XEI.TO
CMR.TO (iShares Premium Money Market ETF) and XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) are both exchange-traded funds - CMR.TO is a Money Market fund actively managed by iShares, while XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index. CMR.TO is actively managed, while XEI.TO is passively managed. Over the past 10 years, CMR.TO returned 1.89%/yr vs 12.32%/yr for XEI.TO. At a 0.01 correlation, their price movements are largely independent. CMR.TO charges 0.14%/yr vs 0.22%/yr for XEI.TO.
Performance
CMR.TO vs. XEI.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 XEI.TO's 22.21% return. Over the past 10 years, CMR.TO has underperformed XEI.TO with an annualized return of 1.89%, while XEI.TO has yielded a comparatively higher 12.32% 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%
XEI.TO
- 1D
- 0.00%
- 1M
- 3.33%
- YTD
- 22.21%
- 6M
- 23.56%
- 1Y
- 43.59%
- 3Y*
- 22.26%
- 5Y*
- 15.55%
- 10Y*
- 12.32%
CMR.TO vs. XEI.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% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 22.21% | 25.96% | 15.42% | 6.69% | 0.41% | 35.88% | -7.53% | 25.44% | -10.85% | 7.24% |
Correlation
The correlation between CMR.TO and XEI.TO 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 | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2011 | 0.01 |
The correlation between CMR.TO and XEI.TO shifts across timeframes, from -0.01 (5 years) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CMR.TO vs. XEI.TO — Risk / Return Rank
CMR.TO
XEI.TO
CMR.TO vs. XEI.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 S&P/TSX Composite High Dividend Index ETF (XEI.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 | XEI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.53 | ||
| Sortino ratioReturn per unit of downside risk | +12.06 | ||
| Omega ratioGain probability vs. loss probability | 9.57 | 2.27 | +7.29 |
| Calmar ratioReturn relative to maximum drawdown | 25.44 | 19.53 | +5.91 |
| Martin ratioReturn relative to average drawdown | 187.33 | 66.28 | +121.04 |
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 | XEI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.61 | 6.08 | +4.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 10.67 | 1.39 | +9.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 7.02 | 0.77 | +6.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.84 | 0.67 | +3.18 |
Drawdowns
CMR.TO vs. XEI.TO - Drawdown Comparison
The maximum CMR.TO drawdown since its inception was -0.52%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for CMR.TO and XEI.TO.
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Drawdown Indicators
| CMR.TO | XEI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | -45.51% | +44.99% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -2.24% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -0.09% | -9.92% | +9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -0.09% | -17.32% | +17.23% |
Max Drawdown (10Y)Largest decline over 10 years | -0.14% | -45.51% | +45.37% |
Current DrawdownCurrent decline from peak | -0.02% | -0.76% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -5.05% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.66% | -0.65% |
Volatility
CMR.TO vs. XEI.TO - Volatility Comparison
The current volatility for iShares Premium Money Market ETF (CMR.TO) is 0.05%, while iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) has a volatility of 2.87%. This indicates that CMR.TO experiences smaller price fluctuations and is considered to be less risky than XEI.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 | XEI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 2.87% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 6.01% | -5.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 7.21% | -6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 11.24% | -10.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 16.01% | -15.74% |
CMR.TO vs. XEI.TO - Expense Ratio Comparison
CMR.TO has a 0.14% expense ratio, which is lower than XEI.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CMR.TO vs. XEI.TO - Dividend Comparison
CMR.TO's dividend yield for the trailing twelve months is around 2.48%, less than XEI.TO's 3.56% 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% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 3.56% | 4.39% | 5.56% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% |
Frequently Asked Questions
CMR.TO and XEI.TO 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.
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 0.22% for XEI.TO.
CMR.TO is categorized as Money Market, while XEI.TO is Canada Equities. Their fees differ too: 0.14% for CMR.TO and 0.22% for XEI.TO.
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