CSAV.TO vs. CMR.TO
Compare and contrast key facts about CI High Interest Savings ETF (CSAV.TO) and iShares Premium Money Market ETF (CMR.TO).
CSAV.TO and CMR.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSAV.TO is an actively managed fund by CI Investments. It was launched on Jun 14, 2019. CMR.TO is an actively managed fund by iShares. It was launched on Feb 19, 2008.
Performance
CSAV.TO vs. CMR.TO - Performance Comparison
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CSAV.TO vs. CMR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | 0.47% | 2.55% | 4.43% | 5.05% | 2.31% | 0.72% | 1.00% | 1.13% |
CMR.TO iShares Premium Money Market ETF | 0.58% | 2.68% | 4.70% | 4.70% | 1.71% | 0.00% | 0.47% | 0.82% |
Returns By Period
In the year-to-date period, CSAV.TO achieves a 0.47% return, which is significantly lower than CMR.TO's 0.58% return.
CSAV.TO
- 1D
- 0.00%
- 1M
- 0.17%
- YTD
- 0.47%
- 6M
- 1.03%
- 1Y
- 2.33%
- 3Y*
- 3.76%
- 5Y*
- 3.04%
- 10Y*
- —
CMR.TO
- 1D
- 0.03%
- 1M
- 0.20%
- YTD
- 0.58%
- 6M
- 1.11%
- 1Y
- 2.49%
- 3Y*
- 3.86%
- 5Y*
- 2.86%
- 10Y*
- 1.86%
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CSAV.TO vs. CMR.TO - Expense Ratio Comparison
CSAV.TO has a 0.15% expense ratio, which is higher than CMR.TO's 0.14% 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%.
Return for Risk
CSAV.TO vs. CMR.TO — Risk / Return Rank
CSAV.TO
CMR.TO
CSAV.TO vs. CMR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI High Interest Savings ETF (CSAV.TO) and iShares Premium Money Market ETF (CMR.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.
| CSAV.TO | CMR.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 10.10 | 10.83 | -0.72 |
Sortino ratioReturn per unit of downside risk | 29.27 | 21.84 | +7.44 |
Omega ratioGain probability vs. loss probability | 6.24 | 9.39 | -3.14 |
Calmar ratioReturn relative to maximum drawdown | 116.55 | 26.62 | +89.93 |
Martin ratioReturn relative to average drawdown | 444.78 | 195.48 | +249.31 |
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
| CSAV.TO | CMR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.10 | 10.83 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 11.35 | 10.33 | +1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 6.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.18 | 3.81 | +6.38 |
Correlation
The correlation between CSAV.TO and CMR.TO is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CSAV.TO vs. CMR.TO - Dividend Comparison
CSAV.TO's dividend yield for the trailing twelve months is around 2.32%, less than CMR.TO's 2.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | 2.32% | 2.54% | 4.40% | 4.90% | 2.15% | 0.73% | 0.97% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% |
CMR.TO iShares Premium Money Market ETF | 2.57% | 2.81% | 4.56% | 4.64% | 1.62% | 0.00% | 0.47% | 1.60% | 1.33% | 0.61% | 0.43% | 0.48% |
Drawdowns
CSAV.TO vs. CMR.TO - Drawdown Comparison
The maximum CSAV.TO drawdown since its inception was -0.03%, smaller than the maximum CMR.TO drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for CSAV.TO and CMR.TO.
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Drawdown Indicators
| CSAV.TO | CMR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -0.52% | +0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -0.09% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -0.09% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.14% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -0.01% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.01% | 0.00% |
Volatility
CSAV.TO vs. CMR.TO - Volatility Comparison
The current volatility for CI High Interest Savings ETF (CSAV.TO) is 0.07%, while iShares Premium Money Market ETF (CMR.TO) has a volatility of 0.08%. This indicates that CSAV.TO experiences smaller price fluctuations and is considered to be less risky than CMR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSAV.TO | CMR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 0.08% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.17% | 0.19% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 0.23% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.27% | 0.28% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 0.27% | -0.01% |