BMO Monthly Income ETF (ZMI.TO)

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The chart shows the growth of an initial investment of CA$10,000 in BMO Monthly Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

BMO Monthly Income ETF (ZMI.TO) has returned 2.98% so far this year and 8.46% over the past 12 months. Over the last ten years, ZMI.TO has returned 6.17% per year, falling short of the S&P 500 Index benchmark, which averaged 12.91% annually.

Based on dividend-adjusted daily data since Feb 3, 2011, ZMI.TO's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, your investment would double in approximately 11.8 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +7.3%, while the worst month was Mar 2020 at -11.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ZMI.TO closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +6.6%, while the worst single day was Mar 12, 2020 at -8.1%.

BMO Monthly Income ETF has an annualized alpha of 0.94%, beta of 0.37, and R² of 0.47 versus S&P 500 Index. Calculated based on daily prices since February 04, 2011.

• This ETF participated in 45.60% of S&P 500 Index downside but only 39.52% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.37 may look defensive, but with R² of 0.47 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.47 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

ZMI.TO has an expense ratio of 0.18%, which is considered low.

ZMI.TO ranks 47 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for BMO Monthly Income ETF (ZMI.TO) and compare them to a chosen benchmark (S&P 500 Index).

BMO Monthly Income ETF provided a 4.30% dividend yield over the last twelve months, with an annual payout of CA$0.81 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for BMO Monthly Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BMO Monthly Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BMO Monthly Income ETF was 26.65%, occurring on Mar 23, 2020. Recovery took 199 trading sessions.

The current BMO Monthly Income ETF drawdown is 2.24%.

The chart below shows the rolling one-month volatility.