Correlation
The correlation between HDIF.TO and ZMMK.TO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
HDIF.TO vs. ZMMK.TO
Compare and contrast key facts about Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) and BMO Money Market Fund ETF Series (ZMMK.TO).
HDIF.TO and ZMMK.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDIF.TO is an actively managed fund by Harvest. It was launched on Feb 11, 2022. ZMMK.TO is an actively managed fund by BMO. It was launched on Nov 28, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDIF.TO or ZMMK.TO.
Performance
HDIF.TO vs. ZMMK.TO - Performance Comparison
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Key characteristics
HDIF.TO:
0.60
ZMMK.TO:
12.63
HDIF.TO:
0.94
ZMMK.TO:
39.12
HDIF.TO:
1.14
ZMMK.TO:
13.22
HDIF.TO:
0.54
ZMMK.TO:
66.62
HDIF.TO:
1.94
ZMMK.TO:
455.84
HDIF.TO:
5.48%
ZMMK.TO:
0.01%
HDIF.TO:
18.19%
ZMMK.TO:
0.31%
HDIF.TO:
-24.08%
ZMMK.TO:
-0.16%
HDIF.TO:
-7.74%
ZMMK.TO:
0.00%
Returns By Period
In the year-to-date period, HDIF.TO achieves a -1.55% return, which is significantly lower than ZMMK.TO's 1.21% return.
HDIF.TO
-1.55%
3.03%
-7.74%
10.91%
6.25%
N/A
N/A
ZMMK.TO
1.21%
0.26%
1.64%
3.96%
4.27%
N/A
N/A
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HDIF.TO vs. ZMMK.TO - Expense Ratio Comparison
HDIF.TO has a 2.47% expense ratio, which is higher than ZMMK.TO's 0.13% expense ratio.
Risk-Adjusted Performance
HDIF.TO vs. ZMMK.TO — Risk-Adjusted Performance Rank
HDIF.TO
ZMMK.TO
HDIF.TO vs. ZMMK.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Diversified Monthly Income ETF - Class A Units (HDIF.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.
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Dividends
HDIF.TO vs. ZMMK.TO - Dividend Comparison
HDIF.TO's dividend yield for the trailing twelve months is around 10.82%, more than ZMMK.TO's 3.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 10.82% | 10.15% | 10.62% | 8.95% | 0.00% |
ZMMK.TO BMO Money Market Fund ETF Series | 3.97% | 4.66% | 4.98% | 1.95% | 0.04% |
Drawdowns
HDIF.TO vs. ZMMK.TO - Drawdown Comparison
The maximum HDIF.TO drawdown since its inception was -24.08%, 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 HDIF.TO and ZMMK.TO.
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Volatility
HDIF.TO vs. ZMMK.TO - Volatility Comparison
Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) has a higher volatility of 4.17% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.07%. This indicates that HDIF.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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