CNQ.TO vs. ZMMK.TO
CNQ.TO (Canadian Natural Resources Limited) 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, CNQ.TO returned 27.02%/yr vs 3.84%/yr for ZMMK.TO. At a correlation of -0.00, they often move in opposite directions.
Performance
CNQ.TO vs. ZMMK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CNQ.TO achieves a 37.61% return, which is significantly higher than ZMMK.TO's 1.03% return.
CNQ.TO
- 1D
- -0.19%
- 1M
- -2.91%
- YTD
- 37.61%
- 6M
- 40.79%
- 1Y
- 43.07%
- 3Y*
- 27.02%
- 5Y*
- 33.86%
- 10Y*
- 23.43%
ZMMK.TO
- 1D
- 0.02%
- 1M
- 0.17%
- YTD
- 1.03%
- 6M
- 1.17%
- 1Y
- 2.48%
- 3Y*
- 3.84%
- 5Y*
- —
- 10Y*
- —
CNQ.TO vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNQ.TO Canadian Natural Resources Limited | 37.61% | 10.42% | 8.27% | 26.98% | 63.10% | 6.78% |
ZMMK.TO BMO Money Market Fund ETF Series | 1.03% | 2.77% | 4.94% | 4.86% | 1.99% | 0.04% |
Correlation
The correlation between CNQ.TO and ZMMK.TO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021 | -0.00 |
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Return for Risk
CNQ.TO vs. ZMMK.TO — Risk / Return Rank
CNQ.TO
ZMMK.TO
CNQ.TO vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Natural Resources Limited (CNQ.TO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNQ.TO | ZMMK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.48 | ||
| Sortino ratioReturn per unit of downside risk | -19.89 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 5.22 | -3.94 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 62.17 | -59.05 |
| Martin ratioReturn relative to average drawdown | 7.98 | 348.17 | -340.19 |
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Drawdowns
CNQ.TO vs. ZMMK.TO - Drawdown Comparison
The maximum CNQ.TO drawdown since its inception was -74.63%, 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 CNQ.TO and ZMMK.TO.
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Drawdown Indicators
| CNQ.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.63% | -0.16% | -74.47% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -0.04% | -15.29% |
Max Drawdown (3Y)Largest decline over 3 years | -33.12% | -0.08% | -33.04% |
Max Drawdown (5Y)Largest decline over 5 years | -33.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -74.63% | — | — |
Current DrawdownCurrent decline from peak | -8.72% | 0.00% | -8.72% |
Average DrawdownAverage peak-to-trough decline | -17.63% | -0.00% | -17.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.98% | 0.01% | +5.97% |
Volatility
CNQ.TO vs. ZMMK.TO - Volatility Comparison
Canadian Natural Resources Limited (CNQ.TO) has a higher volatility of 8.91% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.08%. This indicates that CNQ.TO'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
| CNQ.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 0.08% | +8.83% |
Volatility (6M)Calculated over the trailing 6-month period | 24.23% | 0.19% | +24.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.98% | 0.27% | +28.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.61% | 0.34% | +30.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.12% | 0.34% | +37.78% |
Dividends
CNQ.TO vs. ZMMK.TO - Dividend Comparison
CNQ.TO's dividend yield for the trailing twelve months is around 3.77%, more than ZMMK.TO's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ.TO Canadian Natural Resources Limited | 2.84% | 5.05% | 6.00% | 8.53% | 12.23% | 7.63% | 11.35% | 7.29% | 8.31% | 5.00% | 4.49% | 6.22% |
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
CNQ.TO and ZMMK.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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