CMR.TO vs. XQQ.TO
CMR.TO (iShares Premium Money Market ETF) and XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) are both exchange-traded funds - CMR.TO is a Money Market fund actively managed by iShares, while XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD. CMR.TO is actively managed, while XQQ.TO is passively managed. Over the past 10 years, CMR.TO returned 1.89%/yr vs 19.70%/yr for XQQ.TO. At a 0.01 correlation, their price movements are largely independent. CMR.TO charges 0.14%/yr vs 0.39%/yr for XQQ.TO.
Performance
CMR.TO vs. XQQ.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 XQQ.TO's 19.81% return. Over the past 10 years, CMR.TO has underperformed XQQ.TO with an annualized return of 1.89%, while XQQ.TO has yielded a comparatively higher 19.70% 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%
XQQ.TO
- 1D
- -0.27%
- 1M
- 10.58%
- YTD
- 19.81%
- 6M
- 18.06%
- 1Y
- 38.49%
- 3Y*
- 26.43%
- 5Y*
- 15.31%
- 10Y*
- 19.70%
CMR.TO vs. XQQ.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% |
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 19.81% | 18.38% | 24.23% | 52.23% | -33.67% | 22.29% | 45.23% | 37.48% | -2.33% | 31.83% |
Correlation
The correlation between CMR.TO and XQQ.TO is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 11, 2011 | 0.01 |
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Return for Risk
CMR.TO vs. XQQ.TO — Risk / Return Rank
CMR.TO
XQQ.TO
CMR.TO vs. XQQ.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 NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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 | XQQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.16 | ||
| Sortino ratioReturn per unit of downside risk | +17.92 | ||
| Omega ratioGain probability vs. loss probability | 9.57 | 1.42 | +8.15 |
| Calmar ratioReturn relative to maximum drawdown | 25.44 | 3.03 | +22.41 |
| Martin ratioReturn relative to average drawdown | 187.33 | 11.31 | +176.01 |
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 | XQQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.61 | 2.45 | +8.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 10.67 | 0.68 | +9.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 7.02 | 0.89 | +6.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.84 | 0.86 | +2.98 |
Drawdowns
CMR.TO vs. XQQ.TO - Drawdown Comparison
The maximum CMR.TO drawdown since its inception was -0.52%, smaller than the maximum XQQ.TO drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for CMR.TO and XQQ.TO.
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Drawdown Indicators
| CMR.TO | XQQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | -38.55% | +38.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -12.76% | +12.67% |
Max Drawdown (3Y)Largest decline over 3 years | -0.09% | -22.72% | +22.63% |
Max Drawdown (5Y)Largest decline over 5 years | -0.09% | -38.55% | +38.46% |
Max Drawdown (10Y)Largest decline over 10 years | -0.14% | -38.55% | +38.41% |
Current DrawdownCurrent decline from peak | -0.02% | -0.27% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -5.92% | +5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 3.41% | -3.40% |
Volatility
CMR.TO vs. XQQ.TO - Volatility Comparison
The current volatility for iShares Premium Money Market ETF (CMR.TO) is 0.05%, while iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a volatility of 4.48%. This indicates that CMR.TO experiences smaller price fluctuations and is considered to be less risky than XQQ.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 | XQQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 4.48% | -4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 12.00% | -11.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 15.82% | -15.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 22.52% | -22.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 22.34% | -22.07% |
CMR.TO vs. XQQ.TO - Expense Ratio Comparison
CMR.TO has a 0.14% expense ratio, which is lower than XQQ.TO's 0.39% expense ratio.
Dividends
CMR.TO vs. XQQ.TO - Dividend Comparison
CMR.TO's dividend yield for the trailing twelve months is around 2.48%, more than XQQ.TO's 0.21% 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% |
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.21% | 0.25% | 0.32% | 0.31% | 0.43% | 0.17% | 0.26% | 0.46% | 0.52% | 0.53% | 0.76% | 0.62% |
Frequently Asked Questions
CMR.TO and XQQ.TO have a correlation of -0.03, 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 0.39% for XQQ.TO.
CMR.TO is categorized as Money Market, while XQQ.TO is Nasdaq-100. Their fees differ too: 0.14% for CMR.TO and 0.39% for XQQ.TO.
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