AAPL vs. ZMMK.TO
AAPL (Apple Inc) is a stock, while ZMMK.TO (BMO Money Market Fund ETF Series) is Money Market fund actively managed by BMO. Over the past 3 years, AAPL returned 19.11%/yr vs 2.38%/yr for ZMMK.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
AAPL vs. ZMMK.TO - Performance Comparison
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Different Trading Currencies
AAPL is traded in USD, while ZMMK.TO is traded in CAD. To make them comparable, the ZMMK.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AAPL achieves a 11.12% return, which is significantly higher than ZMMK.TO's -0.82% return.
AAPL
- 1D
- -1.89%
- 1M
- 2.90%
- YTD
- 11.12%
- 6M
- 8.71%
- 1Y
- 48.46%
- 3Y*
- 19.11%
- 5Y*
- 19.46%
- 10Y*
- 29.63%
ZMMK.TO
- 1D
- -0.28%
- 1M
- -1.85%
- YTD
- -0.82%
- 6M
- 0.35%
- 1Y
- 0.44%
- 3Y*
- 2.38%
- 5Y*
- —
- 10Y*
- —
AAPL vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AAPL Apple Inc | 11.12% | 9.05% | 30.71% | 49.01% | -26.40% | 8.43% |
ZMMK.TO BMO Money Market Fund ETF Series | -0.82% | 7.68% | -3.25% | 7.42% | -4.09% | 0.56% |
Correlation
The correlation between AAPL and ZMMK.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.01 |
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Return for Risk
AAPL vs. ZMMK.TO — Risk / Return Rank
AAPL
ZMMK.TO
AAPL vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apple Inc (AAPL) and BMO Money Market Fund ETF Series (ZMMK.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.
| AAPL | ZMMK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.02 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 0.15 | +3.38 |
| Martin ratioReturn relative to average drawdown | 8.89 | 0.30 | +8.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAPL | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 0.10 | +2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.25 | +0.20 |
Drawdowns
AAPL vs. ZMMK.TO - Drawdown Comparison
The maximum AAPL drawdown since its inception was -81.80%, which is greater than ZMMK.TO's maximum drawdown of -9.01%. Use the drawdown chart below to compare losses from any high point for AAPL and ZMMK.TO.
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Drawdown Indicators
| AAPL | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.80% | -9.01% | -72.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -2.96% | -10.84% |
Max Drawdown (3Y)Largest decline over 3 years | -33.36% | -7.52% | -25.84% |
Max Drawdown (5Y)Largest decline over 5 years | -33.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.52% | — | — |
Current DrawdownCurrent decline from peak | -4.33% | -2.47% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -29.60% | -2.58% | -27.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.48% | 1.49% | +3.99% |
Volatility
AAPL vs. ZMMK.TO - Volatility Comparison
Apple Inc (AAPL) has a higher volatility of 5.68% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.73%. This indicates that AAPL's price experiences larger fluctuations and is considered to be riskier than ZMMK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPL | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 0.73% | +4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 3.30% | +12.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.41% | 4.40% | +18.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.47% | 6.23% | +21.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.91% | 6.23% | +22.68% |
Dividends
AAPL vs. ZMMK.TO - Dividend Comparison
AAPL's dividend yield for the trailing twelve months is around 0.35%, less than ZMMK.TO's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.35% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
ZMMK.TO BMO Money Market Fund ETF Series | 2.53% | 3.02% | 4.66% | 4.98% | 1.95% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPL and ZMMK.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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