GIC vs. ZMMK.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global Industrial Company (GIC) and BMO Money Market Fund ETF Series (ZMMK.TO).

ZMMK.TO is an actively managed fund by BMO. It was launched on Nov 28, 2021.

Performance

GIC vs. ZMMK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global Industrial Company (GIC) and BMO Money Market Fund ETF Series (ZMMK.TO). The values are adjusted to include any dividend payments, if applicable.

GIC vs. ZMMK.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GIC Global Industrial Company	8.83%	22.45%	-34.29%	69.66%	-41.04%	4.00%
ZMMK.TO BMO Money Market Fund ETF Series	-0.71%	7.69%	-3.35%	7.25%	-4.84%	1.36%

Different Trading Currencies

GIC 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, GIC achieves a 8.83% return, which is significantly higher than ZMMK.TO's -0.71% return.

GIC

• 1D: 2.20%
• 1M: -3.58%
• YTD: 8.83%
• 6M: -12.45%
• 1Y: 45.88%
• 3Y*: 8.94%
• 5Y*: -2.54%
• 10Y*: 21.07%

ZMMK.TO

• 1D: 0.13%
• 1M: -1.66%
• YTD: -0.71%
• 6M: 1.32%
• 1Y: 6.17%
• 3Y*: 3.02%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GIC vs. ZMMK.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIC

GIC Risk / Return Rank: 75
GIC Sharpe Ratio Rank: 76
GIC Sortino Ratio Rank: 78
GIC Omega Ratio Rank: 83
GIC Calmar Ratio Rank: 72
GIC Martin Ratio Rank: 69

ZMMK.TO

ZMMK.TO Risk / Return Rank: 100
ZMMK.TO Sharpe Ratio Rank: 100
ZMMK.TO Sortino Ratio Rank: 100
ZMMK.TO Omega Ratio Rank: 100
ZMMK.TO Calmar Ratio Rank: 100
ZMMK.TO Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIC vs. ZMMK.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global Industrial Company (GIC) 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.

	GIC	ZMMK.TO	Difference
Sharpe ratio Return per unit of total volatility	1.05	1.18	-0.13
Sortino ratio Return per unit of downside risk	1.97	1.94	+0.03
Omega ratio Gain probability vs. loss probability	1.31	1.22	+0.08
Calmar ratio Return relative to maximum drawdown	1.50	1.97	-0.47
Martin ratio Return relative to average drawdown	3.19	4.34	-1.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GIC vs. ZMMK.TO - Sharpe Ratio Comparison

The current GIC Sharpe Ratio is 1.05, which is comparable to the ZMMK.TO Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of GIC and ZMMK.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GIC	ZMMK.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.18	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.25	-0.17

Correlation

The correlation between GIC and ZMMK.TO is 0.25, 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

GIC vs. ZMMK.TO - Dividend Comparison

GIC's dividend yield for the trailing twelve months is around 3.36%, more than ZMMK.TO's 2.68% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GIC Global Industrial Company	3.36%	3.56%	4.03%	2.06%	3.06%	4.01%	9.92%	1.91%	39.51%	1.05%	1.14%
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%

Drawdowns

GIC vs. ZMMK.TO - Drawdown Comparison

The maximum GIC drawdown since its inception was -98.09%, which is greater than ZMMK.TO's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for GIC and ZMMK.TO.

Drawdown Indicators

	GIC	ZMMK.TO	Difference
Max Drawdown Largest peak-to-trough decline	-98.09%	-0.16%	-97.93%
Max Drawdown (1Y) Largest decline over 1 year	-30.04%	-0.03%	-30.01%
Max Drawdown (5Y) Largest decline over 5 years	-53.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.74%	—	—
Current Drawdown Current decline from peak	-27.41%	0.00%	-27.41%
Average Drawdown Average peak-to-trough decline	-59.12%	0.00%	-59.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.14%	0.01%	+14.13%

Volatility

GIC vs. ZMMK.TO - Volatility Comparison

Global Industrial Company (GIC) has a higher volatility of 7.00% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 1.40%. This indicates that GIC'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.

Volatility by Period

	GIC	ZMMK.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.00%	1.40%	+5.60%
Volatility (6M) Calculated over the trailing 6-month period	25.94%	3.35%	+22.59%
Volatility (1Y) Calculated over the trailing 1-year period	43.71%	5.26%	+38.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.22%	6.30%	+33.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.30%	6.30%	+40.00%