CMR.TO vs. XIC.TO
CMR.TO (iShares Premium Money Market ETF) and XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) are both exchange-traded funds - CMR.TO is a Money Market fund actively managed by iShares, while XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index. CMR.TO is actively managed, while XIC.TO is passively managed. Over the past 10 years, CMR.TO returned 1.89%/yr vs 12.48%/yr for XIC.TO. At a correlation of -0.00, they often move in opposite directions. CMR.TO charges 0.14%/yr vs 0.06%/yr for XIC.TO.
Performance
CMR.TO vs. XIC.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 XIC.TO's 10.75% return. Over the past 10 years, CMR.TO has underperformed XIC.TO with an annualized return of 1.89%, while XIC.TO has yielded a comparatively higher 12.48% 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%
XIC.TO
- 1D
- -1.05%
- 1M
- 3.59%
- YTD
- 10.75%
- 6M
- 12.90%
- 1Y
- 34.79%
- 3Y*
- 23.62%
- 5Y*
- 14.60%
- 10Y*
- 12.48%
CMR.TO vs. XIC.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% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 10.75% | 31.51% | 21.48% | 11.73% | -5.82% | 23.42% | 5.61% | 22.76% | -8.72% | 8.99% |
Correlation
The correlation between CMR.TO and XIC.TO is 0.04, 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 | 0.04 |
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 Feb 20, 2008 | -0.00 |
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Return for Risk
CMR.TO vs. XIC.TO — Risk / Return Rank
CMR.TO
XIC.TO
CMR.TO vs. XIC.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 S&P/TSX Capped Composite Index ETF (XIC.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 | XIC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.85 | ||
| Sortino ratioReturn per unit of downside risk | +17.56 | ||
| Omega ratioGain probability vs. loss probability | 9.57 | 1.50 | +8.07 |
| Calmar ratioReturn relative to maximum drawdown | 25.44 | 3.76 | +21.67 |
| Martin ratioReturn relative to average drawdown | 187.33 | 17.44 | +169.89 |
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 | XIC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.61 | 2.76 | +7.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 10.67 | 1.12 | +9.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 7.02 | 0.84 | +6.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.84 | 0.54 | +3.30 |
Drawdowns
CMR.TO vs. XIC.TO - Drawdown Comparison
The maximum CMR.TO drawdown since its inception was -0.52%, smaller than the maximum XIC.TO drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for CMR.TO and XIC.TO.
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Drawdown Indicators
| CMR.TO | XIC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | -48.21% | +47.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -9.29% | +9.20% |
Max Drawdown (3Y)Largest decline over 3 years | -0.09% | -12.27% | +12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -0.09% | -16.24% | +16.15% |
Max Drawdown (10Y)Largest decline over 10 years | -0.14% | -37.21% | +37.07% |
Current DrawdownCurrent decline from peak | -0.02% | -1.05% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -7.04% | +7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.00% | -1.99% |
Volatility
CMR.TO vs. XIC.TO - Volatility Comparison
The current volatility for iShares Premium Money Market ETF (CMR.TO) is 0.05%, while iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a volatility of 3.48%. This indicates that CMR.TO experiences smaller price fluctuations and is considered to be less risky than XIC.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 | XIC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 3.48% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 10.33% | -10.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 12.67% | -12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 13.13% | -12.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 14.96% | -14.69% |
CMR.TO vs. XIC.TO - Expense Ratio Comparison
CMR.TO has a 0.14% expense ratio, which is higher than XIC.TO's 0.06% expense ratio. However, 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. XIC.TO - Dividend Comparison
CMR.TO's dividend yield for the trailing twelve months is around 2.48%, more than XIC.TO's 2.02% 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% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.02% | 2.23% | 2.64% | 2.95% | 3.10% | 2.44% | 3.03% | 3.01% | 3.19% | 2.49% | 2.72% | 3.21% |
Frequently Asked Questions
CMR.TO and XIC.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.14% for CMR.TO.
CMR.TO is categorized as Money Market, while XIC.TO is Canada Equities. Their fees differ too: 0.14% for CMR.TO and 0.06% for XIC.TO.
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