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MNT.TO vs. CMR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MNT.TO vs. CMR.TO

Last updated Jul 18, 2026
Documentation

MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) and CMR.TO (iShares Premium Money Market ETF) are both exchange-traded funds - MNT.TO is a Gold fund, while CMR.TO is a Money Market fund actively managed by iShares. Over the past 10 years, MNT.TO returned 12.05%/yr vs 1.93%/yr for CMR.TO. At a correlation of -0.02, they often move in opposite directions.

Performance

MNT.TO vs. CMR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and iShares Premium Money Market ETF (CMR.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MNT.TO achieves a -8.23% return, which is significantly lower than CMR.TO's 1.27% return. Over the past 10 years, MNT.TO has outperformed CMR.TO with an annualized return of 12.05%, while CMR.TO has yielded a comparatively lower 1.93% annualized return.

MNT.TO

1D
0.73%
1M
-4.35%
6M
-15.01%
YTD
-8.23%
1Y
15.98%
3Y*
28.68%
5Y*
19.96%
10Y*
12.05%

CMR.TO

1D
0.02%
1M
0.21%
6M
1.15%
YTD
1.27%
1Y
2.46%
3Y*
3.69%
5Y*
3.03%
10Y*
1.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MNT.TO vs. CMR.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MNT.TO
Royal Canadian Mint - Canadian Gold Reserves		-8.23%61.23%44.81%3.61%10.52%-10.51%26.14%13.47%5.87%5.52%
CMR.TO
iShares Premium Money Market ETF		1.27%2.78%4.70%4.70%1.72%0.01%0.47%1.63%1.29%0.63%

Correlation

The correlation between MNT.TO and CMR.TO is -0.00, 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

-0.00

Correlation (3Y)
Calculated over the trailing 3-year period

-0.07

Correlation (5Y)
Calculated over the trailing 5-year period

-0.04

Correlation (10Y)
Calculated over the trailing 10-year period

-0.02

Correlation (All Time)
Calculated using the full available price history since Feb 13, 2012

-0.02

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Royal Canadian Mint - Canadian Gold Reserves

iShares Premium Money Market ETF

Often compared with MNT.TO:
MNT.TO vs. KILO.TOMNT.TO vs. CGL-C.TOMNT.TO vs. PHYS.TOMNT.TO vs. XGD.TOMNT.TO vs. CGL.TOMNT.TO vs. ZGLD.TOMNT.TO vs. GLDM
Often compared with CMR.TO:
CMR.TO vs. ZMMK.TOCMR.TO vs. CASH.TOCMR.TO vs. CBIL.TOCMR.TO vs. XFR.TOCMR.TO vs. MNY.TOCMR.TO vs. HSAV.TOCMR.TO vs. VOO

Return for Risk

MNT.TO vs. CMR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MNT.TO
MNT.TO Risk / Return Rank: 1919
Overall Rank
MNT.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
MNT.TO Sortino Ratio Rank: 2020
Sortino Ratio Rank
MNT.TO Omega Ratio Rank: 2121
Omega Ratio Rank
MNT.TO Calmar Ratio Rank: 1818
Calmar Ratio Rank
MNT.TO Martin Ratio Rank: 1717
Martin Ratio Rank
CMR.TO
CMR.TO Risk / Return Rank: 100100
Overall Rank
CMR.TO Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
CMR.TO Sortino Ratio Rank: 100100
Sortino Ratio Rank
CMR.TO Omega Ratio Rank: 100100
Omega Ratio Rank
CMR.TO Calmar Ratio Rank: 100100
Calmar Ratio Rank
CMR.TO Martin Ratio Rank: 100100
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MNT.TO vs. CMR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Gold Reserves (MNT.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

MNT.TOCMR.TODifference
Sharpe ratioReturn per unit of total volatility
0.51
12.16

-11.65

Sortino ratioReturn per unit of downside risk
0.89
36.72

-35.83

Omega ratioGain probability vs. loss probability

1.12

12.05

-10.93

Calmar ratioReturn relative to maximum drawdown

0.56

123.47

-122.91

Martin ratioReturn relative to average drawdown

1.23

542.78

-541.54

MNT.TO vs. CMR.TO - Sharpe Ratio Comparison

The current MNT.TO Sharpe Ratio is 0.51, which is lower than the CMR.TO Sharpe Ratio of 12.16. The chart below compares the historical Sharpe Ratios of MNT.TO and CMR.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MNT.TO vs. CMR.TO - Drawdown Comparison

The maximum MNT.TO drawdown since its inception was -34.79%, which is greater than CMR.TO's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for MNT.TO and CMR.TO.

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Drawdown Indicators

MNT.TOCMR.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.79%

-0.52%

-34.27%

Max Drawdown (1Y)

Largest decline over 1 year

-28.55%

-0.02%

-28.53%

Max Drawdown (3Y)

Largest decline over 3 years

-28.55%

-0.04%

-28.51%

Max Drawdown (5Y)

Largest decline over 5 years

-28.55%

-0.04%

-28.51%

Max Drawdown (10Y)

Largest decline over 10 years

-33.58%

-0.14%

-33.44%

Current Drawdown

Current decline from peak

-26.86%

0.00%

-26.86%

Average Drawdown

Average peak-to-trough decline

-15.91%

-0.01%

-15.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.98%

0.00%

+12.98%

Volatility

MNT.TO vs. CMR.TO - Volatility Comparison

Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) has a higher volatility of 6.80% compared to iShares Premium Money Market ETF (CMR.TO) at 0.05%. This indicates that MNT.TO's price experiences larger fluctuations and is considered to be riskier 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

MNT.TOCMR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.80%

0.05%

+6.75%

Volatility (6M)

Calculated over the trailing 6-month period

26.01%

0.15%

+25.86%

Volatility (1Y)

Calculated over the trailing 1-year period

31.25%

0.20%

+31.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.55%

0.27%

+20.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.63%

0.27%

+19.36%

Dividends

MNT.TO vs. CMR.TO - Dividend Comparison

MNT.TO has not paid dividends to shareholders, while CMR.TO's dividend yield for the trailing twelve months is around 2.45%.

PositionTTM20252024202320222021202020192018201720162015
CMR.TO
iShares Premium Money Market ETF		2.45%2.81%4.56%4.64%1.63%0.01%0.47%1.60%1.33%0.61%0.43%0.48%
MNT.TO
Royal Canadian Mint - Canadian Gold Reserves		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MNT.TO and CMR.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MNT.TO is categorized as Gold, while CMR.TO is Money Market.

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