PSAIX vs. ZMMK.TO
Compare and contrast key facts about PIMCO Global Advantage Strategy Bond Fund (PSAIX) and BMO Money Market Fund ETF Series (ZMMK.TO).
PSAIX is managed by PIMCO. It was launched on Feb 4, 2009. ZMMK.TO is an actively managed fund by BMO. It was launched on Nov 28, 2021.
Performance
PSAIX vs. ZMMK.TO - Performance Comparison
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PSAIX vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSAIX PIMCO Global Advantage Strategy Bond Fund | -2.18% | 8.87% | 3.21% | 7.91% | -11.07% | 1.60% |
ZMMK.TO BMO Money Market Fund ETF Series | -0.71% | 7.69% | -3.35% | 7.25% | -4.84% | 1.36% |
Different Trading Currencies
PSAIX 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, PSAIX achieves a -2.18% return, which is significantly lower than ZMMK.TO's -0.71% return.
PSAIX
- 1D
- 0.39%
- 1M
- -4.23%
- YTD
- -2.18%
- 6M
- -0.48%
- 1Y
- 4.26%
- 3Y*
- 5.01%
- 5Y*
- 1.66%
- 10Y*
- 3.32%
ZMMK.TO
- 1D
- 0.13%
- 1M
- -1.66%
- YTD
- -0.71%
- 6M
- 1.32%
- 1Y
- 6.17%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
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PSAIX vs. ZMMK.TO - Expense Ratio Comparison
PSAIX has a 0.65% expense ratio, which is higher than ZMMK.TO's 0.13% expense ratio.
Return for Risk
PSAIX vs. ZMMK.TO — Risk / Return Rank
PSAIX
ZMMK.TO
PSAIX vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Advantage Strategy Bond Fund (PSAIX) 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.
| PSAIX | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 1.18 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.94 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.97 | -0.89 |
Martin ratioReturn relative to average drawdown | 5.01 | 4.34 | +0.68 |
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
| PSAIX | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.18 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.25 | +0.57 |
Correlation
The correlation between PSAIX and ZMMK.TO is 0.30, 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
PSAIX vs. ZMMK.TO - Dividend Comparison
PSAIX's dividend yield for the trailing twelve months is around 3.94%, more than ZMMK.TO's 2.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSAIX PIMCO Global Advantage Strategy Bond Fund | 3.94% | 4.22% | 3.66% | 3.14% | 4.10% | 4.61% | 2.20% | 2.79% | 2.43% | 1.83% | 2.03% | 2.52% |
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
PSAIX vs. ZMMK.TO - Drawdown Comparison
The maximum PSAIX drawdown since its inception was -15.35%, 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 PSAIX and ZMMK.TO.
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Drawdown Indicators
| PSAIX | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.35% | -0.16% | -15.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -0.03% | -4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -15.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.35% | — | — |
Current DrawdownCurrent decline from peak | -4.23% | 0.00% | -4.23% |
Average DrawdownAverage peak-to-trough decline | -3.32% | 0.00% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.01% | +0.98% |
Volatility
PSAIX vs. ZMMK.TO - Volatility Comparison
PIMCO Global Advantage Strategy Bond Fund (PSAIX) has a higher volatility of 2.37% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 1.40%. This indicates that PSAIX'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
| PSAIX | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 1.40% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 3.35% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 5.26% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.83% | 6.30% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 6.30% | -2.70% |