XUS.TO vs. CMR.TO
XUS.TO (iShares Core S&P 500 Index ETF) and CMR.TO (iShares Premium Money Market ETF) are both exchange-traded funds - XUS.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. XUS.TO is passively managed, while CMR.TO is actively managed. Over the past 10 years, XUS.TO returned 16.92%/yr vs 1.94%/yr for CMR.TO. Their -0.01 correlation means they have often moved in opposite directions in the past. XUS.TO charges 0.09%/yr vs 0.13%/yr for CMR.TO.
Performance
XUS.TO vs. CMR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XUS.TO achieves a 12.30% return, which is significantly higher than CMR.TO's 1.36% return. Over the past 10 years, XUS.TO has outperformed CMR.TO with an annualized return of 16.92%, while CMR.TO has yielded a comparatively lower 1.94% annualized return.
XUS.TO
- 1D
- 0.71%
- 1M
- -1.16%
- 6M
- 10.55%
- YTD
- 12.30%
- 1Y
- 23.14%
- 3Y*
- 21.67%
- 5Y*
- 16.06%
- 10Y*
- 16.92%
- ALL TIME*
- 18.30%
CMR.TO
- 1D
- 0.02%
- 1M
- 0.19%
- 6M
- 1.14%
- YTD
- 1.36%
- 1Y
- 2.43%
- 3Y*
- 3.65%
- 5Y*
- 3.05%
- 10Y*
- 1.94%
- ALL TIME*
- 1.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$5.47M | CA$4.90M | CA$5.14M | |
| CA$5.87M | CA$5.77M | CA$7.35M |
XUS.TO vs. CMR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUS.TO iShares Core S&P 500 Index ETF | 12.30% | 12.19% | 35.81% | 24.87% | -11.33% | 28.81% | 17.22% | 27.24% | 5.11% | 15.32% |
CMR.TO iShares Premium Money Market ETF | 1.36% | 2.78% | 4.70% | 4.70% | 1.72% | 0.01% | 0.47% | 1.63% | 1.29% | 0.63% |
Correlation
The correlation between XUS.TO and CMR.TO is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2013 | -0.01 |
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Return for Risk
XUS.TO vs. CMR.TO — Risk / Return Rank
XUS.TO
CMR.TO
XUS.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 (XUS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XUS.TO | CMR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.41 | ||
| Sortino ratioReturn per unit of downside risk | -34.27 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 12.00 | -10.70 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 122.86 | -120.46 |
| Martin ratioReturn relative to average drawdown | 8.73 | 540.08 | -531.34 |
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Drawdowns
XUS.TO vs. CMR.TO - Drawdown Comparison
The maximum XUS.TO drawdown since its inception was -27.24%, 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 XUS.TO and CMR.TO.
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Drawdown Indicators
| XUS.TO | CMR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.24% | -0.52% | -26.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -0.02% | -8.61% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -0.04% | -18.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.29% | -0.04% | -21.25% |
Max Drawdown (10Y)Largest decline over 10 years | -27.24% | -0.14% | -27.10% |
Current DrawdownCurrent decline from peak | -2.04% | 0.00% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -0.01% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 0.00% | +2.37% |
Volatility
XUS.TO vs. CMR.TO - Volatility Comparison
iShares Core S&P 500 Index ETF (XUS.TO) has a higher volatility of 3.80% compared to iShares Premium Money Market ETF (CMR.TO) at 0.06%. This indicates that XUS.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.
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Volatility by Period
| XUS.TO | CMR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 0.06% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 0.15% | +9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.58% | 0.20% | +12.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.16% | 0.27% | +14.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 0.27% | +16.28% |
XUS.TO vs. CMR.TO - Expense Ratio Comparison
XUS.TO has a 0.09% expense ratio, which is lower than CMR.TO's 0.13% 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
XUS.TO vs. CMR.TO - Dividend Comparison
XUS.TO's dividend yield for the trailing twelve months is around 1.14%, less than CMR.TO's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMR.TO iShares Premium Money Market ETF | 2.42% | 2.81% | 4.56% | 4.64% | 1.63% | 0.01% | 0.47% | 1.60% | 1.33% | 0.61% | 0.43% | 0.48% |
XUS.TO iShares Core S&P 500 Index ETF | 1.14% | 1.26% | 1.45% | 2.43% | 2.76% | 1.99% | 2.70% | 4.05% | 3.55% | 2.96% | 3.32% | 3.41% |
Frequently Asked Questions
XUS.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, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.13% for CMR.TO.
XUS.TO is categorized as S&P 500, while CMR.TO is Money Market. Their fees differ too: 0.09% for XUS.TO and 0.13% for CMR.TO.
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