BGRT.NEO vs. ZMMK.TO
BGRT.NEO (BMO Global REIT Fund Active ETF Series) and ZMMK.TO (BMO Money Market Fund ETF Series) are both exchange-traded funds - BGRT.NEO is a REIT fund actively managed by BMO, while ZMMK.TO is a Money Market fund actively managed by BMO. Both are actively managed. Over the past year, BGRT.NEO returned 6.97% vs 2.50% for ZMMK.TO. At a 0.06 correlation, their price movements are largely independent. BGRT.NEO charges 1.01%/yr vs 0.13%/yr for ZMMK.TO.
Performance
BGRT.NEO vs. ZMMK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BGRT.NEO achieves a 6.70% return, which is significantly higher than ZMMK.TO's 0.99% return.
BGRT.NEO
- 1D
- 0.00%
- 1M
- -0.62%
- YTD
- 6.70%
- 6M
- 5.55%
- 1Y
- 6.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZMMK.TO
- 1D
- 0.04%
- 1M
- 0.19%
- YTD
- 0.99%
- 6M
- 1.17%
- 1Y
- 2.50%
- 3Y*
- 3.86%
- 5Y*
- —
- 10Y*
- —
BGRT.NEO vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BGRT.NEO BMO Global REIT Fund Active ETF Series | 6.70% | 1.51% | 5.79% | 8.18% |
ZMMK.TO BMO Money Market Fund ETF Series | 0.99% | 2.77% | 4.94% | 2.59% |
Correlation
The correlation between BGRT.NEO and ZMMK.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.06 |
The correlation between BGRT.NEO and ZMMK.TO shifts across timeframes, from 0.06 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BGRT.NEO vs. ZMMK.TO — Risk / Return Rank
BGRT.NEO
ZMMK.TO
BGRT.NEO vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Global REIT Fund Active ETF Series (BGRT.NEO) 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.
| BGRT.NEO | ZMMK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.96 | ||
| Sortino ratioReturn per unit of downside risk | -23.16 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 5.48 | -4.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 83.57 | -82.44 |
| Martin ratioReturn relative to average drawdown | 3.08 | 380.38 | -377.30 |
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
| BGRT.NEO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 9.68 | -8.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 10.31 | -9.77 |
Drawdowns
BGRT.NEO vs. ZMMK.TO - Drawdown Comparison
The maximum BGRT.NEO drawdown since its inception was -16.06%, which is greater than ZMMK.TO's maximum drawdown of -0.16%. Use the drawdown chart below to compare losses from any high point for BGRT.NEO and ZMMK.TO.
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Drawdown Indicators
| BGRT.NEO | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.06% | -0.16% | -15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -0.03% | -6.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.08% | — |
Current DrawdownCurrent decline from peak | -2.24% | 0.00% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -0.00% | -4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 0.01% | +2.26% |
Volatility
BGRT.NEO vs. ZMMK.TO - Volatility Comparison
BMO Global REIT Fund Active ETF Series (BGRT.NEO) has a higher volatility of 2.59% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.06%. This indicates that BGRT.NEO'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
| BGRT.NEO | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 0.06% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 0.18% | +7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 0.26% | +9.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 0.34% | +13.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 0.34% | +13.82% |
BGRT.NEO vs. ZMMK.TO - Expense Ratio Comparison
BGRT.NEO has a 1.01% expense ratio, which is higher than ZMMK.TO's 0.13% expense ratio.
Dividends
BGRT.NEO vs. ZMMK.TO - Dividend Comparison
BGRT.NEO's dividend yield for the trailing twelve months is around 3.94%, more than ZMMK.TO's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BGRT.NEO BMO Global REIT Fund Active ETF Series | 3.94% | 4.14% | 4.03% | 1.86% | 0.00% | 0.00% |
ZMMK.TO BMO Money Market Fund ETF Series | 2.53% | 3.02% | 4.66% | 4.98% | 1.95% | 0.04% |
Frequently Asked Questions
BGRT.NEO and ZMMK.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZMMK.TO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZMMK.TO is cheaper with a 0.13% expense ratio, compared with 1.01% for BGRT.NEO.
BGRT.NEO is categorized as REIT, while ZMMK.TO is Money Market. Their fees differ too: 1.01% for BGRT.NEO and 0.13% for ZMMK.TO.
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