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BMO Money Market Fund ETF Series (ZMMK.TO)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

BMO Money Market Fund ETF Series (ZMMK.TO)

ETF · Currency in CAD · Last updated Jul 12, 2025

The ETF aims to provide exposure to high-quality money market instruments with maturities of less than 365 days, focusing on securities that offer safety and liquidity.

ETF Info

CUSIP

05602J109

Issuer

BMO

Inception Date

Nov 28, 2021

Category

Money Market

Leveraged

1x

Index Tracked

No Index (Active)

Domicile

Canada

Distribution Policy

Distributing

Asset Class

Bond

Expense Ratio

ZMMK.TO has an expense ratio of 0.13%, which is considered low.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO Money Market Fund ETF Series

Popular comparisons:
ZMMK.TO vs. CASH.TO ZMMK.TO vs. CMR.TO ZMMK.TO vs. MNY ZMMK.TO vs. CBIL.TO ZMMK.TO vs. XFR.TO ZMMK.TO vs. XDIV.TO ZMMK.TO vs. ZAG.TO ZMMK.TO vs. XSH.TO ZMMK.TO vs. VBAL.TO ZMMK.TO vs. JEPQ
Popular comparisons:
ZMMK.TO vs. CASH.TO ZMMK.TO vs. CMR.TO ZMMK.TO vs. MNY ZMMK.TO vs. CBIL.TO ZMMK.TO vs. XFR.TO ZMMK.TO vs. XDIV.TO ZMMK.TO vs. ZAG.TO ZMMK.TO vs. XSH.TO ZMMK.TO vs. VBAL.TO ZMMK.TO vs. JEPQ

Performance

Performance Chart

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

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S&P 500

Returns By Period

BMO Money Market Fund ETF Series (ZMMK.TO) has returned 1.49% so far this year and 3.67% over the past 12 months.

ZMMK.TO

YTD
1.49%
1M
0.20%
6M
1.47%
1Y
3.67%
3Y*
4.31%
5Y*
N/A
10Y*
N/A

^GSPC (Benchmark)

YTD
6.43%
1M
3.94%
6M
7.43%
1Y
12.09%
3Y*
17.91%
5Y*
14.47%
10Y*
11.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

The table below presents the monthly returns of ZMMK.TO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

Based on daily data since Dec 2021, the average daily return (also called the expected return) is 0.01%, while the average monthly return is 0.30%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.22%0.26%0.24%0.22%0.26%0.22%0.06%1.49%
20240.48%0.41%0.41%0.43%0.43%0.36%0.44%0.38%0.36%0.38%0.31%0.43%4.94%
20230.34%0.36%0.42%0.34%0.41%0.45%0.35%0.41%0.41%0.43%0.41%0.42%4.87%
2022-0.03%0.01%0.05%0.08%0.08%0.10%0.16%0.26%0.22%0.30%0.32%0.42%1.99%
20210.04%0.04%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 100, ZMMK.TO is among the top 0% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of ZMMK.TO is 100100
Overall Rank
The Sharpe Ratio Rank of ZMMK.TO is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of ZMMK.TO is 100100
Sortino Ratio Rank
The Omega Ratio Rank of ZMMK.TO is 100100
Omega Ratio Rank
The Calmar Ratio Rank of ZMMK.TO is 100100
Calmar Ratio Rank
The Martin Ratio Rank of ZMMK.TO is 100100
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for BMO Money Market Fund ETF Series (ZMMK.TO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

BMO Money Market Fund ETF Series Sharpe ratios as of Jul 12, 2025 (values are recalculated daily):

  • 1-Year: 12.73
  • All Time: 10.56

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of BMO Money Market Fund ETF Series compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

BMO Money Market Fund ETF Series provided a 3.81% dividend yield over the last twelve months, with an annual payout of CA$1.90 per share.

0.00%1.00%2.00%3.00%4.00%5.00%CA$0.00CA$0.50CA$1.00CA$1.50CA$2.00CA$2.502021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021
DividendCA$1.90CA$2.33CA$2.48CA$0.98CA$0.02

Dividend yield

3.81%4.66%4.98%1.95%0.04%

Monthly Dividends

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

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025CA$0.15CA$0.15CA$0.15CA$0.15CA$0.12CA$0.12CA$0.00CA$0.84
2024CA$0.21CA$0.22CA$0.22CA$0.22CA$0.22CA$0.20CA$0.20CA$0.20CA$0.17CA$0.17CA$0.17CA$0.15CA$2.33
2023CA$0.20CA$0.21CA$0.21CA$0.21CA$0.21CA$0.21CA$0.21CA$0.21CA$0.21CA$0.21CA$0.21CA$0.22CA$2.48
2022CA$0.01CA$0.01CA$0.01CA$0.01CA$0.01CA$0.06CA$0.16CA$0.09CA$0.12CA$0.15CA$0.16CA$0.20CA$0.98
2021CA$0.02CA$0.02

Drawdowns

Drawdowns Chart

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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the BMO Money Market Fund ETF Series. 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 Money Market Fund ETF Series was 0.16%, occurring on Jul 13, 2022. Recovery took 17 trading sessions.

The current BMO Money Market Fund ETF Series drawdown is 0.02%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-0.16%Jul 12, 20222Jul 13, 202217Aug 8, 202219
-0.08%Aug 8, 20231Aug 8, 20234Aug 14, 20235
-0.06%Jan 2, 20251Jan 2, 20255Jan 9, 20256
-0.04%Jun 9, 20231Jun 9, 20231Jun 12, 20232
-0.04%Jul 3, 20241Jul 3, 20243Jul 8, 20244
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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