EIT-UN.TO vs. ZMMK.TO
Compare and contrast key facts about Canoe EIT Income Fund (EIT-UN.TO) and BMO Money Market Fund ETF Series (ZMMK.TO).
EIT-UN.TO is an actively managed fund by Canoe. It was launched on Aug 6, 1997. ZMMK.TO is an actively managed fund by BMO. It was launched on Nov 28, 2021.
Performance
EIT-UN.TO vs. ZMMK.TO - Performance Comparison
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EIT-UN.TO vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EIT-UN.TO Canoe EIT Income Fund | 7.65% | 11.81% | 27.99% | 5.94% | 10.49% | 2,982.36% |
ZMMK.TO BMO Money Market Fund ETF Series | 0.57% | 2.77% | 4.94% | 4.86% | 1.99% | 0.04% |
Returns By Period
In the year-to-date period, EIT-UN.TO achieves a 7.65% return, which is significantly higher than ZMMK.TO's 0.57% return.
EIT-UN.TO
- 1D
- -0.84%
- 1M
- -2.89%
- YTD
- 7.65%
- 6M
- 11.53%
- 1Y
- 18.90%
- 3Y*
- 19.06%
- 5Y*
- 130.78%
- 10Y*
- 117.77%
ZMMK.TO
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 0.57%
- 6M
- 1.22%
- 1Y
- 2.59%
- 3Y*
- 4.00%
- 5Y*
- —
- 10Y*
- —
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EIT-UN.TO vs. ZMMK.TO - Expense Ratio Comparison
EIT-UN.TO has a 1.10% expense ratio, which is higher than ZMMK.TO's 0.13% expense ratio.
Return for Risk
EIT-UN.TO vs. ZMMK.TO — Risk / Return Rank
EIT-UN.TO
ZMMK.TO
EIT-UN.TO vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canoe EIT Income Fund (EIT-UN.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.
| EIT-UN.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 10.09 | -8.60 |
Sortino ratioReturn per unit of downside risk | 2.21 | 25.74 | -23.53 |
Omega ratioGain probability vs. loss probability | 1.33 | 6.01 | -4.68 |
Calmar ratioReturn relative to maximum drawdown | 2.20 | 86.98 | -84.79 |
Martin ratioReturn relative to average drawdown | 10.73 | 406.21 | -395.49 |
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
| EIT-UN.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 10.09 | -8.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 10.36 | — |
Correlation
The correlation between EIT-UN.TO and ZMMK.TO is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EIT-UN.TO vs. ZMMK.TO - Dividend Comparison
EIT-UN.TO's dividend yield for the trailing twelve months is around 7.22%, more than ZMMK.TO's 2.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIT-UN.TO Canoe EIT Income Fund | 7.22% | 7.64% | 7.90% | 9.29% | 8.97% | 104.98% | 108.64% | 11.53% | 11.62% | 11.01% | 10.06% | 10.71% |
ZMMK.TO BMO Money Market Fund ETF Series | 2.68% | 3.02% | 4.66% | 4.98% | 1.95% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EIT-UN.TO vs. ZMMK.TO - Drawdown Comparison
The maximum EIT-UN.TO drawdown since its inception was -100.11%, 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 EIT-UN.TO and ZMMK.TO.
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Drawdown Indicators
| EIT-UN.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.11% | -0.16% | -99.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -0.03% | -8.65% |
Max Drawdown (5Y)Largest decline over 5 years | -15.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.36% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | 0.00% | -100.00% |
Average DrawdownAverage peak-to-trough decline | -99.24% | 0.00% | -99.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 0.01% | +1.77% |
Volatility
EIT-UN.TO vs. ZMMK.TO - Volatility Comparison
Canoe EIT Income Fund (EIT-UN.TO) has a higher volatility of 4.95% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.08%. This indicates that EIT-UN.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
| EIT-UN.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 0.08% | +4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 0.20% | +7.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 0.26% | +12.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1,193.82% | 0.34% | +1,193.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1,019.98% | 0.34% | +1,019.64% |