TCON.TO vs. ZMI.TO
Compare and contrast key facts about TD Conservative ETF Portfolio (TCON.TO) and BMO Monthly Income ETF (ZMI.TO).
TCON.TO and ZMI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCON.TO is an actively managed fund by TD. It was launched on Aug 11, 2020. ZMI.TO is an actively managed fund by BMO. It was launched on Jan 28, 2011.
Performance
TCON.TO vs. ZMI.TO - Performance Comparison
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TCON.TO vs. ZMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 0.57% | 10.47% | 9.68% | 11.95% | -12.34% | 5.71% | 2.79% |
ZMI.TO BMO Monthly Income ETF | 2.98% | 7.88% | 13.43% | 9.00% | -5.89% | 11.25% | 4.93% |
Returns By Period
In the year-to-date period, TCON.TO achieves a 0.57% return, which is significantly lower than ZMI.TO's 2.98% return.
TCON.TO
- 1D
- 1.59%
- 1M
- -2.82%
- YTD
- 0.57%
- 6M
- 1.96%
- 1Y
- 9.20%
- 3Y*
- 9.03%
- 5Y*
- 5.01%
- 10Y*
- —
ZMI.TO
- 1D
- 1.29%
- 1M
- -2.24%
- YTD
- 2.98%
- 6M
- 2.10%
- 1Y
- 8.46%
- 3Y*
- 10.12%
- 5Y*
- 6.90%
- 10Y*
- 6.17%
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TCON.TO vs. ZMI.TO - Expense Ratio Comparison
Return for Risk
TCON.TO vs. ZMI.TO — Risk / Return Rank
TCON.TO
ZMI.TO
TCON.TO vs. ZMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Conservative ETF Portfolio (TCON.TO) and BMO Monthly Income ETF (ZMI.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.
| TCON.TO | ZMI.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.94 | +0.33 |
Sortino ratioReturn per unit of downside risk | 1.74 | 1.25 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.19 | +0.70 |
Martin ratioReturn relative to average drawdown | 7.10 | 4.53 | +2.56 |
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
| TCON.TO | ZMI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.94 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.94 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.72 | -0.09 |
Correlation
The correlation between TCON.TO and ZMI.TO is 0.46, 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.
Dividends
TCON.TO vs. ZMI.TO - Dividend Comparison
TCON.TO's dividend yield for the trailing twelve months is around 2.80%, less than ZMI.TO's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 2.80% | 2.88% | 3.48% | 3.27% | 2.69% | 1.87% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZMI.TO BMO Monthly Income ETF | 4.30% | 4.54% | 4.68% | 4.94% | 4.49% | 3.71% | 4.21% | 4.24% | 4.58% | 4.06% | 3.89% | 3.89% |
Drawdowns
TCON.TO vs. ZMI.TO - Drawdown Comparison
The maximum TCON.TO drawdown since its inception was -16.43%, smaller than the maximum ZMI.TO drawdown of -26.65%. Use the drawdown chart below to compare losses from any high point for TCON.TO and ZMI.TO.
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Drawdown Indicators
| TCON.TO | ZMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -26.65% | +10.22% |
Max Drawdown (1Y)Largest decline over 1 year | -5.23% | -7.66% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -12.65% | -3.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.65% | — |
Current DrawdownCurrent decline from peak | -2.99% | -2.24% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -2.14% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.03% | -0.64% |
Volatility
TCON.TO vs. ZMI.TO - Volatility Comparison
TD Conservative ETF Portfolio (TCON.TO) has a higher volatility of 3.57% compared to BMO Monthly Income ETF (ZMI.TO) at 3.14%. This indicates that TCON.TO's price experiences larger fluctuations and is considered to be riskier than ZMI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCON.TO | ZMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 3.14% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 5.05% | 5.97% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.34% | 9.09% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.74% | 7.39% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.57% | 8.83% | -1.26% |