PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
TD.TO vs. CMR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TD.TO vs. CMR.TO

Last updated Jun 4, 2026

TD.TO (The Toronto-Dominion Bank) is a stock, while CMR.TO (iShares Premium Money Market ETF) is Money Market fund actively managed by iShares. Over the past 10 years, TD.TO returned 15.24%/yr vs 1.89%/yr for CMR.TO. At a 0.00 correlation, their price movements are largely independent.

Performance

TD.TO vs. CMR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in The Toronto-Dominion Bank (TD.TO) and iShares Premium Money Market ETF (CMR.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, TD.TO achieves a 22.75% return, which is significantly higher than CMR.TO's 0.97% return. Over the past 10 years, TD.TO has outperformed CMR.TO with an annualized return of 15.24%, while CMR.TO has yielded a comparatively lower 1.89% annualized return.

TD.TO

1D
-0.26%
1M
8.09%
YTD
22.75%
6M
34.91%
1Y
68.68%
3Y*
31.42%
5Y*
17.14%
10Y*
15.24%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
TD.TO
The Toronto-Dominion Bank		22.75%77.06%-6.05%2.34%-6.01%40.15%3.72%11.66%-4.57%15.15%
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%

Correlation

The correlation between TD.TO and CMR.TO is 0.02, 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

0.02

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

0.03

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

0.00

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

Compare stocks, funds, or ETFs

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

The Toronto-Dominion Bank

iShares Premium Money Market ETF

Often compared with TD.TO:
TD.TO vs. RY.TOTD.TO vs. VDY.TOTD.TO vs. ENB.TOTD.TO vs. BNS.TOTD.TO vs. RYTD.TO vs. CM.TOTD.TO vs. DGS.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

TD.TO vs. CMR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TD.TO
TD.TO Risk / Return Rank: 9898
Overall Rank
TD.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
TD.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
TD.TO Omega Ratio Rank: 9898
Omega Ratio Rank
TD.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
TD.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.

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

This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.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.

TD.TOCMR.TODifference
Sharpe ratioReturn per unit of total volatility
4.57
10.61

-6.04

Sortino ratioReturn per unit of downside risk
5.58
21.13

-15.55

Omega ratioGain probability vs. loss probability

1.79

9.57

-7.77

Calmar ratioReturn relative to maximum drawdown

10.33

25.44

-15.11

Martin ratioReturn relative to average drawdown

43.37

187.33

-143.95

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

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

The current TD.TO Sharpe Ratio is 4.57, which is lower than the CMR.TO Sharpe Ratio of 10.61. The chart below compares the historical Sharpe Ratios of TD.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.

Loading charts...

Sharpe Ratios by Period

TD.TOCMR.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.57

10.61

-6.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

10.67

-9.67

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

7.02

-6.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

3.84

-3.50

Drawdowns

TD.TO vs. CMR.TO - Drawdown Comparison

The maximum TD.TO drawdown since its inception was -78.81%, 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 TD.TO and CMR.TO.

Loading charts...

Drawdown Indicators

TD.TOCMR.TODifference

Max Drawdown

Largest peak-to-trough decline

-78.81%

-0.52%

-78.29%

Max Drawdown (1Y)

Largest decline over 1 year

-6.68%

-0.09%

-6.59%

Max Drawdown (3Y)

Largest decline over 3 years

-15.04%

-0.09%

-14.95%

Max Drawdown (5Y)

Largest decline over 5 years

-26.06%

-0.09%

-25.97%

Max Drawdown (10Y)

Largest decline over 10 years

-35.80%

-0.14%

-35.66%

Current Drawdown

Current decline from peak

-0.96%

-0.02%

-0.94%

Average Drawdown

Average peak-to-trough decline

-14.67%

-0.01%

-14.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

0.01%

+1.58%

Volatility

TD.TO vs. CMR.TO - Volatility Comparison

The Toronto-Dominion Bank (TD.TO) has a higher volatility of 5.74% compared to iShares Premium Money Market ETF (CMR.TO) at 0.05%. This indicates that TD.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.

Loading charts...

Volatility by Period

TD.TOCMR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.74%

0.05%

+5.69%

Volatility (6M)

Calculated over the trailing 6-month period

11.97%

0.18%

+11.79%

Volatility (1Y)

Calculated over the trailing 1-year period

15.15%

0.22%

+14.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.15%

0.28%

+16.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.29%

0.27%

+19.02%

Dividends

TD.TO vs. CMR.TO - Dividend Comparison

TD.TO's dividend yield for the trailing twelve months is around 2.73%, 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%
TD.TO
The Toronto-Dominion Bank		2.73%3.25%5.33%4.48%4.06%3.26%4.32%3.97%3.85%3.19%3.26%3.69%

Frequently Asked Questions

TD.TO and CMR.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for TD.TO and CMR.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer