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PSU-U.TO vs. CMR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSU-U.TO vs. CMR.TO

Last updated Jun 4, 2026

PSU-U.TO (Purpose US Cash Fund) and CMR.TO (iShares Premium Money Market ETF) are both Money Market funds. Both are actively managed. Over the past 5 years, PSU-U.TO returned 2.66%/yr vs 0.09%/yr for CMR.TO. At a correlation of -0.04, they often move in opposite directions. PSU-U.TO charges 0.17%/yr vs 0.14%/yr for CMR.TO.

Performance

PSU-U.TO vs. CMR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Purpose US Cash Fund (PSU-U.TO) and iShares Premium Money Market ETF (CMR.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

PSU-U.TO is traded in USD, while CMR.TO is traded in CAD. To make them comparable, the CMR.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PSU-U.TO achieves a 1.05% return, which is significantly higher than CMR.TO's -0.28% return.

PSU-U.TO

1D
0.01%
1M
0.22%
YTD
1.05%
6M
1.22%
1Y
2.73%
3Y*
3.37%
5Y*
2.66%
10Y*
—

CMR.TO

1D
-0.40%
1M
-1.80%
YTD
-0.28%
6M
1.45%
1Y
1.06%
3Y*
2.56%
5Y*
0.09%
10Y*
1.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSU-U.TO vs. CMR.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
PSU-U.TO
Purpose US Cash Fund		1.05%2.97%3.67%3.93%1.50%0.29%0.43%1.69%1.08%
CMR.TO
iShares Premium Money Market ETF		-0.28%7.60%-3.57%7.08%-5.09%0.74%2.49%6.70%-4.86%

Correlation

The correlation between PSU-U.TO and CMR.TO is 0.06, 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

0.06

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

-0.03

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

-0.02

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2018

-0.04

Compare stocks, funds, or ETFs

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

Purpose US Cash Fund

iShares Premium Money Market ETF

Often compared with PSU-U.TO:
PSU-U.TO vs. CASH.TOPSU-U.TO vs. MNY.TOPSU-U.TO vs. BTCC-U.TOPSU-U.TO vs. HISU-U.TOPSU-U.TO vs. BTCY.TOPSU-U.TO vs. KILO-B.TOPSU-U.TO vs. CSAV.TO
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

PSU-U.TO vs. CMR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSU-U.TO
PSU-U.TO Risk / Return Rank: 9999
Overall Rank
PSU-U.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
PSU-U.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
PSU-U.TO Omega Ratio Rank: 9999
Omega Ratio Rank
PSU-U.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
PSU-U.TO Martin Ratio Rank: 9999
Martin Ratio Rank
CMR.TO
CMR.TO Risk / Return Rank: 9999
Overall Rank
CMR.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CMR.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
CMR.TO Omega Ratio Rank: 100100
Omega Ratio Rank
CMR.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
CMR.TO Martin Ratio Rank: 9999
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.

PSU-U.TO vs. CMR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose US Cash Fund (PSU-U.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.

PSU-U.TOCMR.TODifference
Sharpe ratioReturn per unit of total volatility
7.82
0.24

+7.58

Sortino ratioReturn per unit of downside risk
10.99
0.40

+10.58

Omega ratioGain probability vs. loss probability

4.08

1.04

+3.04

Calmar ratioReturn relative to maximum drawdown

24.96

0.37

+24.59

Martin ratioReturn relative to average drawdown

105.69

0.75

+104.95

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSU-U.TO vs. CMR.TO - Sharpe Ratio Comparison

The current PSU-U.TO Sharpe Ratio is 7.82, which is higher than the CMR.TO Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of PSU-U.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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Sharpe Ratios by Period

PSU-U.TOCMR.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

7.82

0.24

+7.58

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

7.13

0.01

+7.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.17

—

Sharpe Ratio (All Time)

Calculated using the full available price history

6.13

0.05

+6.09

Drawdowns

PSU-U.TO vs. CMR.TO - Drawdown Comparison

The maximum PSU-U.TO drawdown since its inception was -0.12%, smaller than the maximum CMR.TO drawdown of -33.14%. Use the drawdown chart below to compare losses from any high point for PSU-U.TO and CMR.TO.

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Drawdown Indicators

PSU-U.TOCMR.TODifference

Max Drawdown

Largest peak-to-trough decline

-0.12%

-33.14%

+33.02%

Max Drawdown (1Y)

Largest decline over 1 year

-0.11%

-2.90%

+2.79%

Max Drawdown (3Y)

Largest decline over 3 years

-0.12%

-6.31%

+6.19%

Max Drawdown (5Y)

Largest decline over 5 years

-0.12%

-12.21%

+12.09%

Max Drawdown (10Y)

Largest decline over 10 years

—

-13.62%

—

Current Drawdown

Current decline from peak

0.00%

-15.29%

+15.29%

Average Drawdown

Average peak-to-trough decline

-0.01%

-16.51%

+16.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.03%

1.42%

-1.39%

Volatility

PSU-U.TO vs. CMR.TO - Volatility Comparison

The current volatility for Purpose US Cash Fund (PSU-U.TO) is 0.10%, while iShares Premium Money Market ETF (CMR.TO) has a volatility of 0.80%. This indicates that PSU-U.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

PSU-U.TOCMR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.10%

0.80%

-0.70%

Volatility (6M)

Calculated over the trailing 6-month period

0.23%

3.37%

-3.14%

Volatility (1Y)

Calculated over the trailing 1-year period

0.35%

4.45%

-4.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.37%

6.29%

-5.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.33%

6.73%

-6.40%

PSU-U.TO vs. CMR.TO - Expense Ratio Comparison

PSU-U.TO has a 0.17% 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%.

Dividends

PSU-U.TO vs. CMR.TO - Dividend Comparison

PSU-U.TO's dividend yield for the trailing twelve months is around 2.70%, more than CMR.TO's 2.48% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
PSU-U.TO
Purpose US Cash Fund		2.70%2.90%3.65%3.87%1.45%0.29%0.41%1.70%1.20%0.00%0.00%0.00%

Frequently Asked Questions

PSU-U.TO and CMR.TO have a correlation of 0.06, 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 0.17% for PSU-U.TO.

They also come from different issuers: Purpose Investments and iShares. Their fees differ too: 0.17% for PSU-U.TO and 0.14% for CMR.TO.

Portfolio Optimizer

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