PINC.TO vs. ZMMK.TO
PINC.TO (Purpose Multi-Asset Income Fund) and ZMMK.TO (BMO Money Market Fund ETF Series) are both exchange-traded funds - PINC.TO is a fund fund, while ZMMK.TO is a Money Market fund actively managed by BMO. Over the past 3 years, PINC.TO returned 15.92%/yr vs 3.86%/yr for ZMMK.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
PINC.TO vs. ZMMK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PINC.TO achieves a 13.51% return, which is significantly higher than ZMMK.TO's 0.99% return.
PINC.TO
- 1D
- 0.05%
- 1M
- 3.84%
- YTD
- 13.51%
- 6M
- 14.39%
- 1Y
- 23.27%
- 3Y*
- 15.92%
- 5Y*
- 9.86%
- 10Y*
- —
ZMMK.TO
- 1D
- 0.04%
- 1M
- 0.19%
- YTD
- 0.99%
- 6M
- 1.17%
- 1Y
- 2.50%
- 3Y*
- 3.86%
- 5Y*
- —
- 10Y*
- —
PINC.TO vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PINC.TO Purpose Multi-Asset Income Fund | 13.51% | 14.41% | 17.01% | 5.89% | -8.44% | 2.93% |
ZMMK.TO BMO Money Market Fund ETF Series | 0.99% | 2.77% | 4.94% | 4.86% | 1.99% | 0.04% |
Correlation
The correlation between PINC.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 | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.01 |
The correlation between PINC.TO and ZMMK.TO shifts across timeframes, from 0.01 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PINC.TO vs. ZMMK.TO — Risk / Return Rank
PINC.TO
ZMMK.TO
PINC.TO vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Multi-Asset Income Fund (PINC.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.
| PINC.TO | ZMMK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.07 | ||
| Sortino ratioReturn per unit of downside risk | -19.00 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 5.48 | -3.73 |
| Calmar ratioReturn relative to maximum drawdown | 6.52 | 83.57 | -77.06 |
| Martin ratioReturn relative to average drawdown | 24.97 | 380.38 | -355.42 |
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
| PINC.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.61 | 9.68 | -6.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 10.31 | -9.68 |
Drawdowns
PINC.TO vs. ZMMK.TO - Drawdown Comparison
The maximum PINC.TO drawdown since its inception was -43.84%, 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 PINC.TO and ZMMK.TO.
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Drawdown Indicators
| PINC.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.84% | -0.16% | -43.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -0.03% | -3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -9.38% | -0.08% | -9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -15.59% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | 0.00% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -0.00% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.01% | +0.92% |
Volatility
PINC.TO vs. ZMMK.TO - Volatility Comparison
Purpose Multi-Asset Income Fund (PINC.TO) has a higher volatility of 1.86% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.06%. This indicates that PINC.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
| PINC.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 0.06% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 5.03% | 0.18% | +4.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.48% | 0.26% | +6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.58% | 0.34% | +8.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.90% | 0.34% | +14.56% |
Dividends
PINC.TO vs. ZMMK.TO - Dividend Comparison
PINC.TO's dividend yield for the trailing twelve months is around 4.54%, more than ZMMK.TO's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PINC.TO Purpose Multi-Asset Income Fund | 4.54% | 5.05% | 10.05% | 10.60% | 9.99% | 8.17% | 7.34% | 5.06% | 3.66% |
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% |
Frequently Asked Questions
PINC.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.
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