XSP.TO vs. CMR.TO
XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) and CMR.TO (iShares Premium Money Market ETF) are both exchange-traded funds - XSP.TO is a S&P 500 fund tracking the S&P 500 Index, while CMR.TO is a Money Market fund actively managed by iShares. XSP.TO is passively managed, while CMR.TO is actively managed. Over the past 10 years, XSP.TO returned 13.79%/yr vs 1.89%/yr for CMR.TO. At a correlation of -0.00, they often move in opposite directions. XSP.TO charges 0.09%/yr vs 0.14%/yr for CMR.TO.
Performance
XSP.TO vs. CMR.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XSP.TO achieves a 9.64% return, which is significantly higher than CMR.TO's 0.97% return. Over the past 10 years, XSP.TO has outperformed CMR.TO with an annualized return of 13.79%, while CMR.TO has yielded a comparatively lower 1.89% annualized return.
XSP.TO
- 1D
- -0.73%
- 1M
- 4.98%
- YTD
- 9.64%
- 6M
- 9.50%
- 1Y
- 25.13%
- 3Y*
- 20.28%
- 5Y*
- 12.18%
- 10Y*
- 13.79%
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%
XSP.TO vs. CMR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 9.64% | 15.68% | 23.39% | 24.33% | -19.32% | 27.85% | 15.17% | 29.35% | -6.26% | 20.71% |
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 XSP.TO and CMR.TO is 0.00, 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 | 0.00 |
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 | 0.00 |
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.
Return for Risk
XSP.TO vs. CMR.TO — Risk / Return Rank
XSP.TO
CMR.TO
XSP.TO vs. CMR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.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.
| XSP.TO | CMR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.46 | ||
| Sortino ratioReturn per unit of downside risk | -18.16 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 9.57 | -8.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 25.44 | -22.75 |
| Martin ratioReturn relative to average drawdown | 12.40 | 187.33 | -174.93 |
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
| XSP.TO | CMR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 10.61 | -8.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 10.67 | -9.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 7.02 | -6.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 3.84 | -3.47 |
Drawdowns
XSP.TO vs. CMR.TO - Drawdown Comparison
The maximum XSP.TO drawdown since its inception was -57.82%, 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 XSP.TO and CMR.TO.
Loading charts...
Drawdown Indicators
| XSP.TO | CMR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.82% | -0.52% | -57.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -0.09% | -9.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -0.09% | -18.68% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | -0.09% | -25.35% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | -0.14% | -35.91% |
Current DrawdownCurrent decline from peak | -0.73% | -0.02% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -0.01% | -12.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.01% | +2.02% |
Volatility
XSP.TO vs. CMR.TO - Volatility Comparison
iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) has a higher volatility of 3.25% compared to iShares Premium Money Market ETF (CMR.TO) at 0.05%. This indicates that XSP.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
| XSP.TO | CMR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 0.05% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.99% | 0.18% | +8.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 0.22% | +11.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 0.28% | +16.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 0.27% | +17.92% |
XSP.TO vs. CMR.TO - Expense Ratio Comparison
XSP.TO has a 0.09% expense ratio, which is lower than CMR.TO's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XSP.TO vs. CMR.TO - Dividend Comparison
XSP.TO's dividend yield for the trailing twelve months is around 1.12%, 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% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 1.12% | 1.23% | 1.09% | 1.18% | 1.37% | 1.00% | 1.31% | 1.73% | 1.84% | 1.47% | 1.75% | 1.86% |
Frequently Asked Questions
XSP.TO and CMR.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSP.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSP.TO is cheaper with a 0.09% expense ratio, compared with 0.14% for CMR.TO.
XSP.TO is categorized as S&P 500, while CMR.TO is Money Market. Their fees differ too: 0.09% for XSP.TO and 0.14% for CMR.TO.
Find the right allocation for XSP.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