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BMO USD Cash Management ETF (ZUCM.TO) Sharpe Ratio: 1.30

ETF · Currency in CAD · Last updated Jun 5, 2026

BMO USD Cash Management ETF is an actively managed Canadian ETF that seeks to maximize current income while preserving capital and maintaining liquidity by investing primarily in high-quality short-term U.S. dollar-denominated fixed income and cash-equivalent instruments.

ZUCM.TO's Sharpe Ratio of 1.30 indicates that for each unit of volatility, it generates 1.30 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

ZUCM.TO Sharpe Ratio Rank

ZUCM.TO Sharpe Ratio Rank: 37.337
Below Average

ZUCM.TO ranks above 37.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

ZUCM.TO Sharpe Ratio Market Positioning

The chart shows ZUCM.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.39
  • Green zone (top 25%): 2.39 or higher
  • Top 1%: 7.72+
  • Median: 1.70 — half of all investments score higher

How it compares to other similar ETFs

The table compares BMO USD Cash Management ETF's Sharpe Ratio with other ETFs in the Money Market category across multiple time periods, showing how ZUCM.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MNY.TOPurpose Cash Management Fund16.13
CMR.TOiShares Premium Money Market ETF10.70
CASH.TOGlobal X High Interest Savings ETF10.38
PSA.TOPurpose High Interest Savings Fund10.34
CSAV.TOCI High Interest Savings ETF9.83
ZMMK.TOBMO Money Market Fund ETF Series9.68
TBIL.TOHarvest Canadian T-Bill ETF8.01
PSU-U.TOPurpose US Cash Fund7.80
HISU-U.TOEvolve US High Interest Savings Account Fund7.76
CMNY.TOCI Money Market ETF CAD Series7.47
ZUCM.TOBMO USD Cash Management ETF1.30

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ZUCM.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ZUCM.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does ZUCM.TO fit in your portfolio?

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