T.TO vs. ZMMK.TO
T.TO (TELUS Corporation) is a stock, while ZMMK.TO (BMO Money Market Fund ETF Series) is Money Market fund actively managed by BMO. Over the past 3 years, T.TO returned -6.30%/yr vs 3.86%/yr for ZMMK.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
T.TO vs. ZMMK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, T.TO achieves a -3.36% return, which is significantly lower than ZMMK.TO's 0.99% return.
T.TO
- 1D
- -0.06%
- 1M
- -0.52%
- YTD
- -3.36%
- 6M
- -4.07%
- 1Y
- -17.20%
- 3Y*
- -6.30%
- 5Y*
- -3.63%
- 10Y*
- 3.41%
ZMMK.TO
- 1D
- 0.04%
- 1M
- 0.19%
- YTD
- 0.99%
- 6M
- 1.17%
- 1Y
- 2.50%
- 3Y*
- 3.86%
- 5Y*
- —
- 10Y*
- —
T.TO vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
T.TO TELUS Corporation | -3.36% | 0.33% | -11.50% | -4.41% | -8.27% | 2.29% |
ZMMK.TO BMO Money Market Fund ETF Series | 0.99% | 2.77% | 4.94% | 4.86% | 1.99% | 0.04% |
Correlation
The correlation between T.TO and ZMMK.TO is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.01 |
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Return for Risk
T.TO vs. ZMMK.TO — Risk / Return Rank
T.TO
ZMMK.TO
T.TO vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TELUS Corporation (T.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.
| T.TO | ZMMK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.71 | ||
| Sortino ratioReturn per unit of downside risk | -25.39 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 5.48 | -4.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 83.57 | -84.27 |
| Martin ratioReturn relative to average drawdown | -1.26 | 380.38 | -381.64 |
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
| T.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.03 | 9.68 | -10.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 10.31 | -10.00 |
Drawdowns
T.TO vs. ZMMK.TO - Drawdown Comparison
The maximum T.TO drawdown since its inception was -88.00%, 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 T.TO and ZMMK.TO.
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Drawdown Indicators
| T.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -0.16% | -87.84% |
Max Drawdown (1Y)Largest decline over 1 year | -24.60% | -0.03% | -24.57% |
Max Drawdown (3Y)Largest decline over 3 years | -24.60% | -0.08% | -24.52% |
Max Drawdown (5Y)Largest decline over 5 years | -38.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.60% | — | — |
Current DrawdownCurrent decline from peak | -35.51% | 0.00% | -35.51% |
Average DrawdownAverage peak-to-trough decline | -17.15% | -0.00% | -17.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.69% | 0.01% | +13.68% |
Volatility
T.TO vs. ZMMK.TO - Volatility Comparison
TELUS Corporation (T.TO) has a higher volatility of 4.42% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.06%. This indicates that T.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
| T.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 0.06% | +4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 0.18% | +13.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.76% | 0.26% | +16.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.44% | 0.34% | +16.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 0.34% | +17.00% |
Dividends
T.TO vs. ZMMK.TO - Dividend Comparison
T.TO's dividend yield for the trailing twelve months is around 9.76%, more than ZMMK.TO's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
T.TO TELUS Corporation | 9.76% | 9.13% | 7.98% | 6.17% | 5.19% | 4.26% | 4.70% | 4.48% | 4.64% | 4.14% | 4.30% | 4.39% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
T.TO and ZMMK.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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