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TQGM.TO vs. ZMI.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TQGM.TO vs. ZMI.TO

Last updated Apr 2, 2026

Compare and contrast key facts about TD Q Global Multifactor ETF (TQGM.TO) and BMO Monthly Income ETF (ZMI.TO).

TQGM.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. TQGM.TO is an actively managed fund by TD. It was launched on Nov 19, 2019. ZMI.TO is an actively managed fund by BMO. It was launched on Jan 28, 2011.

Performance

TQGM.TO vs. ZMI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q Global Multifactor ETF (TQGM.TO) and BMO Monthly Income ETF (ZMI.TO). The values are adjusted to include any dividend payments, if applicable.

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TQGM.TO vs. ZMI.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TQGM.TO
TD Q Global Multifactor ETF		3.89%20.97%25.26%8.13%-4.74%12.19%0.64%-0.00%
ZMI.TO
BMO Monthly Income ETF		2.98%7.88%13.43%9.00%-5.89%11.25%2.40%0.34%

Returns By Period

In the year-to-date period, TQGM.TO achieves a 3.89% return, which is significantly higher than ZMI.TO's 2.98% return.

TQGM.TO

1D
0.85%
1M
-1.76%
YTD
3.89%
6M
5.18%
1Y
21.45%
3Y*
18.06%
5Y*
11.87%
10Y*
—

ZMI.TO

1D
0.00%
1M
-2.04%
YTD
2.98%
6M
1.71%
1Y
8.83%
3Y*
10.12%
5Y*
6.90%
10Y*
6.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TD Q Global Multifactor ETF

BMO Monthly Income ETF

Often compared with TQGM.TO:
TQGM.TO vs. IS.TOTQGM.TO vs. HURA.TOTQGM.TO vs. TCSH.TOTQGM.TO vs. TBAL.TOTQGM.TO vs. TTP.TOTQGM.TO vs. TGRO.TOTQGM.TO vs. TEC.TO
Often compared with ZMI.TO:
ZMI.TO vs. VRIF.TOZMI.TO vs. XTR.TOZMI.TO vs. VDY.TOZMI.TO vs. VBAL.TOZMI.TO vs. XDIV.TOZMI.TO vs. FBAL.NEOZMI.TO vs. XEI.TO

TQGM.TO vs. ZMI.TO - Expense Ratio Comparison

TQGM.TO has a 0.45% expense ratio, which is higher than ZMI.TO's 0.18% expense ratio.

TQGM.TO
TD Q Global Multifactor ETF
ZMI.TO
BMO Monthly Income ETF

Return for Risk

TQGM.TO vs. ZMI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TQGM.TO
TQGM.TO Risk / Return Rank: 8080
Overall Rank
TQGM.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
TQGM.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
TQGM.TO Omega Ratio Rank: 8181
Omega Ratio Rank
TQGM.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
TQGM.TO Martin Ratio Rank: 8080
Martin Ratio Rank
ZMI.TO
ZMI.TO Risk / Return Rank: 4646
Overall Rank
ZMI.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
ZMI.TO Sortino Ratio Rank: 4444
Sortino Ratio Rank
ZMI.TO Omega Ratio Rank: 5555
Omega Ratio Rank
ZMI.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
ZMI.TO Martin Ratio Rank: 4242
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TQGM.TO vs. ZMI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Q Global Multifactor ETF (TQGM.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.

TQGM.TOZMI.TODifference

Sharpe ratio

Return per unit of total volatility

1.67

0.98

+0.69

Sortino ratio

Return per unit of downside risk

2.30

1.31

+0.99

Omega ratio

Gain probability vs. loss probability

1.33

1.21

+0.12

Calmar ratio

Return relative to maximum drawdown

2.26

1.10

+1.16

Martin ratio

Return relative to average drawdown

9.92

4.19

+5.74

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TQGM.TO vs. ZMI.TO - Sharpe Ratio Comparison

The current TQGM.TO Sharpe Ratio is 1.67, which is higher than the ZMI.TO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of TQGM.TO and ZMI.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TQGM.TOZMI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.67

0.98

+0.69

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.11

0.94

+0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.70

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.80

0.72

+0.08

Correlation

The correlation between TQGM.TO and ZMI.TO is 0.48, 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

TQGM.TO vs. ZMI.TO - Dividend Comparison

TQGM.TO's dividend yield for the trailing twelve months is around 1.31%, less than ZMI.TO's 4.30% yield.

TTM20252024202320222021202020192018201720162015
TQGM.TO
TD Q Global Multifactor ETF		1.31%1.36%2.18%2.67%2.82%2.40%2.17%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

TQGM.TO vs. ZMI.TO - Drawdown Comparison

The maximum TQGM.TO drawdown since its inception was -24.34%, smaller than the maximum ZMI.TO drawdown of -26.65%. Use the drawdown chart below to compare losses from any high point for TQGM.TO and ZMI.TO.

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Drawdown Indicators

TQGM.TOZMI.TODifference

Max Drawdown

Largest peak-to-trough decline

-24.34%

-26.65%

+2.31%

Max Drawdown (1Y)

Largest decline over 1 year

-9.39%

-7.66%

-1.73%

Max Drawdown (5Y)

Largest decline over 5 years

-14.62%

-12.65%

-1.97%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.65%

—

Current Drawdown

Current decline from peak

-2.68%

-2.24%

-0.44%

Average Drawdown

Average peak-to-trough decline

-3.55%

-2.14%

-1.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.17%

2.02%

+0.15%

Volatility

TQGM.TO vs. ZMI.TO - Volatility Comparison

TD Q Global Multifactor ETF (TQGM.TO) has a higher volatility of 4.83% compared to BMO Monthly Income ETF (ZMI.TO) at 3.01%. This indicates that TQGM.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

TQGM.TOZMI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.83%

3.01%

+1.82%

Volatility (6M)

Calculated over the trailing 6-month period

8.66%

5.96%

+2.70%

Volatility (1Y)

Calculated over the trailing 1-year period

12.87%

9.07%

+3.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.80%

7.38%

+3.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.44%

8.83%

+3.61%