XFR.TO vs. CMR.TO
Compare and contrast key facts about iShares Floating Rate Index ETF (XFR.TO) and iShares Premium Money Market ETF (CMR.TO).
XFR.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. XFR.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 1-5Y Core Bd GR CAD. It was launched on Dec 6, 2011. CMR.TO is an actively managed fund by iShares. It was launched on Feb 19, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XFR.TO or CMR.TO.
Key characteristics
| XFR.TO | CMR.TO | |
|---|---|---|
| YTD Return | 3.42% | 3.51% |
| 1Y Return | 4.86% | 4.98% |
| 3Y Return (Ann) | 3.54% | 3.31% |
| 5Y Return (Ann) | 2.47% | 2.17% |
| 10Y Return (Ann) | 1.82% | 1.50% |
| Sharpe Ratio | 5.35 | 18.28 |
| Daily Std Dev | 0.91% | 0.27% |
| Max Drawdown | -4.12% | -0.52% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XFR.TO and CMR.TO is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XFR.TO vs. CMR.TO - Performance Comparison
The year-to-date returns for both investments are quite close, with XFR.TO having a 3.42% return and CMR.TO slightly higher at 3.51%. Over the past 10 years, XFR.TO has outperformed CMR.TO with an annualized return of 1.82%, while CMR.TO has yielded a comparatively lower 1.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XFR.TO vs. CMR.TO - Expense Ratio Comparison
Both XFR.TO and CMR.TO have an expense ratio of 0.14%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
XFR.TO vs. CMR.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Index ETF (XFR.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.
Dividends
XFR.TO vs. CMR.TO - Dividend Comparison
XFR.TO's dividend yield for the trailing twelve months is around 5.15%, more than CMR.TO's 4.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 5.15% | 4.91% | 1.85% | 0.30% | 1.07% | 1.96% | 1.60% | 0.95% | 0.77% | 0.94% | 1.22% | 1.27% |
CMR.TO iShares Premium Money Market ETF | 4.88% | 4.64% | 1.62% | 0.00% | 0.47% | 1.60% | 1.33% | 0.61% | 0.43% | 0.48% | 0.77% | 0.81% |
Drawdowns
XFR.TO vs. CMR.TO - Drawdown Comparison
The maximum XFR.TO drawdown since its inception was -4.12%, 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 XFR.TO and CMR.TO. For additional features, visit the drawdowns tool.
Volatility
XFR.TO vs. CMR.TO - Volatility Comparison
iShares Floating Rate Index ETF (XFR.TO) and iShares Premium Money Market ETF (CMR.TO) have volatilities of 1.38% and 1.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.