GEQT.TO vs. ZMMK.TO
GEQT.TO (iShares ESG Equity ETF Portfolio) and ZMMK.TO (BMO Money Market Fund ETF Series) are both exchange-traded funds - GEQT.TO is a Global Equities fund actively managed by iShares, while ZMMK.TO is a Money Market fund actively managed by BMO. Both are actively managed. Over the past 3 years, GEQT.TO returned 23.50%/yr vs 3.85%/yr for ZMMK.TO. At a 0.05 correlation, their price movements are largely independent. GEQT.TO charges 0.25%/yr vs 0.13%/yr for ZMMK.TO.
Performance
GEQT.TO vs. ZMMK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GEQT.TO achieves a 14.67% return, which is significantly higher than ZMMK.TO's 0.95% return.
GEQT.TO
- 1D
- -0.42%
- 1M
- 8.79%
- YTD
- 14.67%
- 6M
- 12.80%
- 1Y
- 29.64%
- 3Y*
- 23.50%
- 5Y*
- 14.52%
- 10Y*
- —
ZMMK.TO
- 1D
- -0.01%
- 1M
- 0.19%
- YTD
- 0.95%
- 6M
- 1.13%
- 1Y
- 2.48%
- 3Y*
- 3.85%
- 5Y*
- —
- 10Y*
- —
GEQT.TO vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GEQT.TO iShares ESG Equity ETF Portfolio | 14.67% | 17.85% | 25.42% | 22.35% | -15.18% | 2.57% |
ZMMK.TO BMO Money Market Fund ETF Series | 0.95% | 2.77% | 4.94% | 4.86% | 1.99% | 0.04% |
Correlation
The correlation between GEQT.TO and ZMMK.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.05 |
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Return for Risk
GEQT.TO vs. ZMMK.TO — Risk / Return Rank
GEQT.TO
ZMMK.TO
GEQT.TO vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Equity ETF Portfolio (GEQT.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.
| GEQT.TO | ZMMK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.49 | ||
| Sortino ratioReturn per unit of downside risk | -20.93 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 5.45 | -4.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 82.88 | -79.68 |
| Martin ratioReturn relative to average drawdown | 13.28 | 377.25 | -363.98 |
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
| GEQT.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 9.66 | -7.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 10.29 | -9.13 |
Drawdowns
GEQT.TO vs. ZMMK.TO - Drawdown Comparison
The maximum GEQT.TO drawdown since its inception was -23.64%, 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 GEQT.TO and ZMMK.TO.
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Drawdown Indicators
| GEQT.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.64% | -0.16% | -23.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -0.03% | -9.26% |
Max Drawdown (3Y)Largest decline over 3 years | -17.01% | -0.08% | -16.93% |
Max Drawdown (5Y)Largest decline over 5 years | -23.64% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.02% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -0.00% | -4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 0.01% | +2.23% |
Volatility
GEQT.TO vs. ZMMK.TO - Volatility Comparison
iShares ESG Equity ETF Portfolio (GEQT.TO) has a higher volatility of 4.08% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.06%. This indicates that GEQT.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
| GEQT.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 0.06% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 0.18% | +11.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 0.26% | +13.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 0.34% | +13.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 0.34% | +13.58% |
GEQT.TO vs. ZMMK.TO - Expense Ratio Comparison
GEQT.TO has a 0.25% expense ratio, which is higher than ZMMK.TO's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GEQT.TO vs. ZMMK.TO - Dividend Comparison
GEQT.TO's dividend yield for the trailing twelve months is around 1.10%, less than ZMMK.TO's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GEQT.TO iShares ESG Equity ETF Portfolio | 1.10% | 1.25% | 1.38% | 1.58% | 1.82% | 1.32% | 0.87% |
ZMMK.TO BMO Money Market Fund ETF Series | 2.53% | 3.02% | 4.66% | 4.98% | 1.95% | 0.04% | 0.00% |
Frequently Asked Questions
GEQT.TO and ZMMK.TO have a correlation of 0.13, 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 0.25% for GEQT.TO.
GEQT.TO is categorized as Global Equities, while ZMMK.TO is Money Market. They also come from different issuers: iShares and BMO. Their fees differ too: 0.25% for GEQT.TO and 0.13% for ZMMK.TO.
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