XEC.TO vs. CMR.TO
XEC.TO (iShares Core MSCI Emerging Markets IMI Index ETF) and CMR.TO (iShares Premium Money Market ETF) are both exchange-traded funds - XEC.TO is a Emerging Markets Equities fund tracking the Morningstar EM GR CAD, while CMR.TO is a Money Market fund actively managed by iShares. XEC.TO is passively managed, while CMR.TO is actively managed. Over the past 10 years, XEC.TO returned 10.71%/yr vs 1.89%/yr for CMR.TO. At a correlation of -0.01, they often move in opposite directions. XEC.TO charges 0.28%/yr vs 0.14%/yr for CMR.TO.
Performance
XEC.TO vs. CMR.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XEC.TO achieves a 27.92% return, which is significantly higher than CMR.TO's 0.97% return. Over the past 10 years, XEC.TO has outperformed CMR.TO with an annualized return of 10.71%, while CMR.TO has yielded a comparatively lower 1.89% annualized return.
XEC.TO
- 1D
- -0.88%
- 1M
- 10.15%
- YTD
- 27.92%
- 6M
- 28.48%
- 1Y
- 54.44%
- 3Y*
- 24.69%
- 5Y*
- 10.21%
- 10Y*
- 10.71%
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%
XEC.TO vs. CMR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEC.TO iShares Core MSCI Emerging Markets IMI Index ETF | 27.92% | 25.78% | 16.14% | 7.92% | -14.68% | -1.74% | 15.08% | 11.53% | -8.26% | 27.93% |
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 XEC.TO and CMR.TO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2013 | -0.01 |
The correlation between XEC.TO and CMR.TO shifts across timeframes, from -0.12 (1 year) to 0.02 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XEC.TO vs. CMR.TO — Risk / Return Rank
XEC.TO
CMR.TO
XEC.TO vs. CMR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI Index ETF (XEC.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.
| XEC.TO | CMR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.60 | ||
| Sortino ratioReturn per unit of downside risk | -17.26 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 9.57 | -8.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | 25.44 | -20.58 |
| Martin ratioReturn relative to average drawdown | 17.00 | 187.33 | -170.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XEC.TO | CMR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 10.61 | -7.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 10.67 | -10.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 7.02 | -6.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 3.84 | -3.32 |
Drawdowns
XEC.TO vs. CMR.TO - Drawdown Comparison
The maximum XEC.TO drawdown since its inception was -32.54%, 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 XEC.TO and CMR.TO.
Loading charts...
Drawdown Indicators
| XEC.TO | CMR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.54% | -0.52% | -32.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.25% | -0.09% | -11.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | -0.09% | -14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -29.14% | -0.09% | -29.05% |
Max Drawdown (10Y)Largest decline over 10 years | -32.54% | -0.14% | -32.40% |
Current DrawdownCurrent decline from peak | -0.88% | -0.02% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -0.01% | -9.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 0.01% | +3.20% |
Volatility
XEC.TO vs. CMR.TO - Volatility Comparison
iShares Core MSCI Emerging Markets IMI Index ETF (XEC.TO) has a higher volatility of 7.80% compared to iShares Premium Money Market ETF (CMR.TO) at 0.05%. This indicates that XEC.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
| XEC.TO | CMR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 0.05% | +7.75% |
Volatility (6M)Calculated over the trailing 6-month period | 15.85% | 0.18% | +15.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.19% | 0.22% | +17.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.91% | 0.28% | +15.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 0.27% | +17.33% |
XEC.TO vs. CMR.TO - Expense Ratio Comparison
XEC.TO has a 0.28% expense ratio, which is higher than CMR.TO's 0.14% expense ratio.
Dividends
XEC.TO vs. CMR.TO - Dividend Comparison
XEC.TO's dividend yield for the trailing twelve months is around 1.50%, less than CMR.TO's 2.48% 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% |
XEC.TO iShares Core MSCI Emerging Markets IMI Index ETF | 1.50% | 1.92% | 2.03% | 2.16% | 2.28% | 2.78% | 1.64% | 2.87% | 2.66% | 2.13% | 1.80% | 2.19% |
Frequently Asked Questions
XEC.TO and CMR.TO have a correlation of -0.12, 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 0.28% for XEC.TO.
XEC.TO is categorized as Emerging Markets Equities, while CMR.TO is Money Market. Their fees differ too: 0.28% for XEC.TO and 0.14% for CMR.TO.
Find the right allocation for XEC.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