ZMMK.TO Alternatives & Similar ETFs

BMO Money Market Fund ETF Series (ZMMK.TO) belongs to the Money Market category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZMMK.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZMMK.TO

ZMMK.TO charges 0.13% annually. There is 1 ETF in the Money Market category with a lower expense ratio, going as low as 0.11%.

Symbol	Name	Expense Ratio	AUM	Inception
CASH.TO	Global X High Interest Savings ETF	0.11%	6.66B	Nov 2021	ZMMK.TO vs CASH.TO
CMR.TO	iShares Premium Money Market ETF	0.13%	2.63B	Feb 2008	ZMMK.TO vs CMR.TO
CCAD.TO	CIBC Premium Cash Management ETF	0.14%	—	May 2025	ZMMK.TO vs CCAD.TO
ZUCM.TO	BMO USD Cash Management ETF	0.14%	—	Sep 2023	ZMMK.TO vs ZUCM.TO
CSAV.TO	CI High Interest Savings ETF	0.15%	4.56B	Jun 2019	ZMMK.TO vs CSAV.TO

Best Risk-Adjusted Alternatives to ZMMK.TO

ZMMK.TO has a PortfoliosLab risk / return rank of 99. There are 6 ETFs in the Money Market category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
PSU-U.TO	Purpose US Cash Fund	100	877.00	Feb 2016	ZMMK.TO vs PSU-U.TO
MNY.TO	Purpose Cash Management Fund	100	2.90B	Sep 2022	ZMMK.TO vs MNY.TO
CMR.TO	iShares Premium Money Market ETF	100	2.63B	Feb 2008	ZMMK.TO vs CMR.TO
MNU-U.TO	Purpose USD Cash Management ETF	100	—	Apr 2023	ZMMK.TO vs MNU-U.TO
CASH.TO	Global X High Interest Savings ETF	100	6.66B	Nov 2021	ZMMK.TO vs CASH.TO

Top Performing ZMMK.TO Alternatives (YTD)

ZMMK.TO is at 1.23% YTD. There are 7 ETFs in the Money Market category with higher YTD returns, going as high as 5.10%.

Symbol	Name	YTD Return	AUM	Inception
ZUCM.TO	BMO USD Cash Management ETF	5.10%	—	Sep 2023	ZMMK.TO vs ZUCM.TO
MNU-U.TO	Purpose USD Cash Management ETF	1.95%	—	Apr 2023	ZMMK.TO vs MNU-U.TO
PSU-U.TO	Purpose US Cash Fund	1.84%	877.00	Feb 2016	ZMMK.TO vs PSU-U.TO
HISU-U.TO	Evolve US High Interest Savings Account Fund	1.81%	618.14M	Aug 2022	ZMMK.TO vs HISU-U.TO
HSUV-U.TO	Global X USD Cash Maximizer Corporate Class ETF	1.60%	769.87M	Jun 2020	ZMMK.TO vs HSUV-U.TO

Lowest Volatility Alternatives to ZMMK.TO

ZMMK.TO has 0.27% 1-year volatility. There are 9 ETFs in the Money Market category with lower 1-year volatility, going as low as 0.16%.

Symbol	Name	Volatility 1Y	AUM	Inception
MNY.TO	Purpose Cash Management Fund	0.16%	2.90B	Sep 2022	ZMMK.TO vs MNY.TO
HISU-U.TO	Evolve US High Interest Savings Account Fund	0.19%	618.14M	Aug 2022	ZMMK.TO vs HISU-U.TO
CMR.TO	iShares Premium Money Market ETF	0.20%	2.63B	Feb 2008	ZMMK.TO vs CMR.TO
PSU-U.TO	Purpose US Cash Fund	0.21%	877.00	Feb 2016	ZMMK.TO vs PSU-U.TO
CASH.TO	Global X High Interest Savings ETF	0.23%	6.66B	Nov 2021	ZMMK.TO vs CASH.TO

Lowest Drawdown Alternatives to ZMMK.TO

ZMMK.TO has a 1-year max drawdown of -0.04%. There are 5 ETFs in the Money Market category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HISU-U.TO	Evolve US High Interest Savings Account Fund	0.00%	618.14M	Aug 2022	ZMMK.TO vs HISU-U.TO
CMR.TO	iShares Premium Money Market ETF	-0.02%	2.63B	Feb 2008	ZMMK.TO vs CMR.TO
CSAV.TO	CI High Interest Savings ETF	-0.02%	4.56B	Jun 2019	ZMMK.TO vs CSAV.TO
PSA.TO	Purpose High Interest Savings Fund	-0.02%	4.10B	Oct 2013	ZMMK.TO vs PSA.TO
CASH.TO	Global X High Interest Savings ETF	-0.02%	6.66B	Nov 2021	ZMMK.TO vs CASH.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZSP.TO, ZEQT.TO, ZEB.TO and span 8 categories. AUM among these funds goes as high as $24B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.73%	24.35B	Nov 2012	ZMMK.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.24%	895.11M	Jan 2022	ZMMK.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	33.86%	7.20B	Oct 2009	ZMMK.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.42%	17.34B	May 2009	ZMMK.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	38	14.55%	3.09B	Jan 2010	ZMMK.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	19.68%	2.35B	Feb 2019	ZMMK.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	7.77%	6.24B	Oct 2011	ZMMK.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	27	1.10%	13.13B	Jan 2010	ZMMK.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	21.35%	1.86B	Oct 2011	ZMMK.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	57	13.81%	1.32B	Nov 2014	ZMMK.TO vs ZUQ.TO

Often Compared With ZMMK.TO

Investors most often compare ZMMK.TO with CBIL.TO, HSAV.TO, TCSH.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	1.10%	2.39B	Apr 2023	ZMMK.TO vs CBIL.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	64	0.90%	1.93B	Feb 2020	ZMMK.TO vs HSAV.TO
TCSH.TO	TD Cash Management ETF	Ultrashort Bond	99	1.13%	—	Feb 2024	ZMMK.TO vs TCSH.TO
MNY	MoneyHero Limited Class A Ordinary Shares		41	-27.20%	—	—	ZMMK.TO vs MNY
XFR.TO	iShares Floating Rate Index ETF	Canadian Government Bonds	98	1.31%	793.90M	Dec 2011	ZMMK.TO vs XFR.TO
VBAL.TO	Vanguard Balanced ETF Portfolio	Diversified Portfolio	75	8.48%	5.67B	Jan 2018	ZMMK.TO vs VBAL.TO
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.92%	97.69B	May 2020	ZMMK.TO vs SGOV
ZST.TO	BMO Ultra Short-Term Bond ETF	Ultrashort Bond	55	1.35%	3.55B	Jan 2011	ZMMK.TO vs ZST.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	Canadian Government Bonds	66	1.35%	2.65B	Sep 2011	ZMMK.TO vs XSH.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	25.10%	5.78B	Jun 2017	ZMMK.TO vs XDIV.TO
HDIF.TO	Harvest Diversified Monthly Income ETF - Class A U...	Derivative Income	72	13.08%	555.21M	Feb 2022	ZMMK.TO vs HDIF.TO
VCB.TO	Vanguard Canadian Corporate Bond Index ETF	Corporate Bonds	41	1.18%	821.62M	Jan 2017	ZMMK.TO vs VCB.TO
XCBG.TO	iShares ESG Advanced Canadian Corporate Bond Index...	Corporate Bonds	43	1.26%	—	Aug 2021	ZMMK.TO vs XCBG.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	Diversified Portfolio	59	3.25%	127.03M	Aug 2019	ZMMK.TO vs XINC.TO
ZFL.TO	BMO Long Federal Bond	Canadian Government Bonds	11	0.18%	1.30B	May 2010	ZMMK.TO vs ZFL.TO
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	Nasdaq-100, Derivative Income	65	8.49%	40.37B	May 2022	ZMMK.TO vs JEPQ
ZDB.TO	BMO Discount Bond	Canadian Government Bonds	24	0.94%	1.33B	Feb 2014	ZMMK.TO vs ZDB.TO
ZSB.TO	BMO Short-Term Bond Index ETF	Canadian Government Bonds	57	1.08%	181.20M	Mar 2018	ZMMK.TO vs ZSB.TO
MART	Allianzim U.S. Large Cap Buffer10 Mar ETF	Options Trading	87	8.53%	30.53M	Feb 2023	ZMMK.TO vs MART
HISA.NEO	Evolve High Interest Savings Account ETF	Money Market	99	1.08%	2.60B	Nov 2019	ZMMK.TO vs HISA.NEO

Compare ZMMK.TO with Any Fund or Stock

Compare ZMMK.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ZMMK.TO with funds that move differently

BMO Money Market Fund ETF Series alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZMMK.TO.

Explore ZMMK.TO Diversifiers

BMO Money Market Fund ETF Series (ZMMK.TO) Alternatives