XQQ.TO vs. CMR.TO
XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) and CMR.TO (iShares Premium Money Market ETF) are both exchange-traded funds - XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD, while CMR.TO is a Money Market fund actively managed by iShares. XQQ.TO is passively managed, while CMR.TO is actively managed. Over the past 10 years, XQQ.TO returned 19.70%/yr vs 1.89%/yr for CMR.TO. At a 0.01 correlation, their price movements are largely independent. XQQ.TO charges 0.39%/yr vs 0.14%/yr for CMR.TO.
Performance
XQQ.TO vs. CMR.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XQQ.TO achieves a 19.81% return, which is significantly higher than CMR.TO's 0.97% return. Over the past 10 years, XQQ.TO has outperformed CMR.TO with an annualized return of 19.70%, while CMR.TO has yielded a comparatively lower 1.89% annualized return.
XQQ.TO
- 1D
- -0.27%
- 1M
- 10.58%
- YTD
- 19.81%
- 6M
- 18.06%
- 1Y
- 38.49%
- 3Y*
- 26.43%
- 5Y*
- 15.31%
- 10Y*
- 19.70%
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%
XQQ.TO vs. CMR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 19.81% | 18.38% | 24.23% | 52.23% | -33.67% | 22.29% | 45.23% | 37.48% | -2.33% | 31.83% |
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 XQQ.TO and CMR.TO is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 11, 2011 | 0.01 |
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
XQQ.TO vs. CMR.TO — Risk / Return Rank
XQQ.TO
CMR.TO
XQQ.TO vs. CMR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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.
| XQQ.TO | CMR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.16 | ||
| Sortino ratioReturn per unit of downside risk | -17.92 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 9.57 | -8.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 25.44 | -22.41 |
| Martin ratioReturn relative to average drawdown | 11.31 | 187.33 | -176.01 |
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
| XQQ.TO | CMR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 10.61 | -8.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 10.67 | -9.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 7.02 | -6.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 3.84 | -2.98 |
Drawdowns
XQQ.TO vs. CMR.TO - Drawdown Comparison
The maximum XQQ.TO drawdown since its inception was -38.55%, 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 XQQ.TO and CMR.TO.
Loading charts...
Drawdown Indicators
| XQQ.TO | CMR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.55% | -0.52% | -38.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.76% | -0.09% | -12.67% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -0.09% | -22.63% |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | -0.09% | -38.46% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | -0.14% | -38.41% |
Current DrawdownCurrent decline from peak | -0.27% | -0.02% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -0.01% | -5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 0.01% | +3.40% |
Volatility
XQQ.TO vs. CMR.TO - Volatility Comparison
iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a higher volatility of 4.48% compared to iShares Premium Money Market ETF (CMR.TO) at 0.05%. This indicates that XQQ.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
| XQQ.TO | CMR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 0.05% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.00% | 0.18% | +11.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.82% | 0.22% | +15.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.52% | 0.28% | +22.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.34% | 0.27% | +22.07% |
XQQ.TO vs. CMR.TO - Expense Ratio Comparison
XQQ.TO has a 0.39% expense ratio, which is higher than CMR.TO's 0.14% expense ratio.
Dividends
XQQ.TO vs. CMR.TO - Dividend Comparison
XQQ.TO's dividend yield for the trailing twelve months is around 0.21%, 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% |
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.21% | 0.25% | 0.32% | 0.31% | 0.43% | 0.17% | 0.26% | 0.46% | 0.52% | 0.53% | 0.76% | 0.62% |
Frequently Asked Questions
XQQ.TO and CMR.TO have a correlation of -0.03, 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 0.39% for XQQ.TO.
XQQ.TO is categorized as Nasdaq-100, while CMR.TO is Money Market. Their fees differ too: 0.39% for XQQ.TO and 0.14% for CMR.TO.
Find the right allocation for XQQ.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