STPL.TO vs. ZMMK.TO
STPL.TO (BMO Global Consumer Staples Hedged to CAD Index ETF) and ZMMK.TO (BMO Money Market Fund ETF Series) are both exchange-traded funds - STPL.TO is a Consumer Staples Equities fund tracking the FTSE Developed ex Korea Consumer Staples Capped 100% Hedged to CAD Index, while ZMMK.TO is a Money Market fund actively managed by BMO. STPL.TO is passively managed, while ZMMK.TO is actively managed. Over the past 3 years, STPL.TO returned 2.61%/yr vs 3.85%/yr for ZMMK.TO. At a 0.02 correlation, their price movements are largely independent. STPL.TO charges 0.40%/yr vs 0.13%/yr for ZMMK.TO.
Performance
STPL.TO vs. ZMMK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, STPL.TO achieves a 1.23% return, which is significantly higher than ZMMK.TO's 0.95% return.
STPL.TO
- 1D
- 0.04%
- 1M
- -0.74%
- YTD
- 1.23%
- 6M
- 0.41%
- 1Y
- -1.93%
- 3Y*
- 2.61%
- 5Y*
- 2.70%
- 10Y*
- —
ZMMK.TO
- 1D
- -0.01%
- 1M
- 0.19%
- YTD
- 0.95%
- 6M
- 1.13%
- 1Y
- 2.48%
- 3Y*
- 3.85%
- 5Y*
- —
- 10Y*
- —
STPL.TO vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
STPL.TO BMO Global Consumer Staples Hedged to CAD Index ETF | 1.23% | 5.53% | 2.99% | -2.50% | -0.24% | 8.79% |
ZMMK.TO BMO Money Market Fund ETF Series | 0.95% | 2.77% | 4.94% | 4.86% | 1.99% | 0.04% |
Correlation
The correlation between STPL.TO and ZMMK.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
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 | 0.02 |
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Return for Risk
STPL.TO vs. ZMMK.TO — Risk / Return Rank
STPL.TO
ZMMK.TO
STPL.TO vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Global Consumer Staples Hedged to CAD Index ETF (STPL.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.
| STPL.TO | ZMMK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.82 | ||
| Sortino ratioReturn per unit of downside risk | -24.07 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 5.45 | -4.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 82.88 | -83.07 |
| Martin ratioReturn relative to average drawdown | -0.40 | 377.25 | -377.66 |
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
| STPL.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 9.66 | -9.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 10.29 | -9.97 |
Drawdowns
STPL.TO vs. ZMMK.TO - Drawdown Comparison
The maximum STPL.TO drawdown since its inception was -23.82%, 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 STPL.TO and ZMMK.TO.
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Drawdown Indicators
| STPL.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.82% | -0.16% | -23.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -0.03% | -10.41% |
Max Drawdown (3Y)Largest decline over 3 years | -10.44% | -0.08% | -10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -12.06% | — | — |
Current DrawdownCurrent decline from peak | -9.69% | -0.02% | -9.67% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -0.00% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 0.01% | +4.79% |
Volatility
STPL.TO vs. ZMMK.TO - Volatility Comparison
BMO Global Consumer Staples Hedged to CAD Index ETF (STPL.TO) has a higher volatility of 4.14% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.06%. This indicates that STPL.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
| STPL.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 0.06% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 0.18% | +9.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 0.26% | +11.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.74% | 0.34% | +11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.75% | 0.34% | +12.41% |
STPL.TO vs. ZMMK.TO - Expense Ratio Comparison
STPL.TO has a 0.40% expense ratio, which is higher than ZMMK.TO's 0.13% expense ratio.
Dividends
STPL.TO vs. ZMMK.TO - Dividend Comparison
STPL.TO's dividend yield for the trailing twelve months is around 2.17%, less than ZMMK.TO's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
STPL.TO BMO Global Consumer Staples Hedged to CAD Index ETF | 2.17% | 2.22% | 2.42% | 2.43% | 2.32% | 2.10% | 2.18% | 2.02% | 2.30% | 1.33% |
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% | 0.00% |
Frequently Asked Questions
STPL.TO and ZMMK.TO have a correlation of 0.06, 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 0.40% for STPL.TO.
STPL.TO is categorized as Consumer Staples Equities, while ZMMK.TO is Money Market. Their fees differ too: 0.40% for STPL.TO and 0.13% for ZMMK.TO.
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