VCNS.TO vs. ZMI.TO
Compare and contrast key facts about Vanguard Conservative ETF Portfolio (VCNS.TO) and BMO Monthly Income ETF (ZMI.TO).
VCNS.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. VCNS.TO is an actively managed fund by Vanguard. It was launched on Jan 25, 2018. ZMI.TO is an actively managed fund by BMO. It was launched on Jan 28, 2011.
Performance
VCNS.TO vs. ZMI.TO - Performance Comparison
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VCNS.TO vs. ZMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VCNS.TO Vanguard Conservative ETF Portfolio | -0.16% | 8.13% | 9.74% | 10.32% | -11.72% | 5.79% | 9.46% | 12.04% | 257.13% |
ZMI.TO BMO Monthly Income ETF | 2.98% | 7.88% | 13.43% | 9.00% | -5.89% | 11.25% | 2.40% | 13.37% | -1.65% |
Returns By Period
In the year-to-date period, VCNS.TO achieves a -0.16% return, which is significantly lower than ZMI.TO's 2.98% return.
VCNS.TO
- 1D
- -0.38%
- 1M
- -3.12%
- YTD
- -0.16%
- 6M
- -0.78%
- 1Y
- 7.06%
- 3Y*
- 7.82%
- 5Y*
- 4.07%
- 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%
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VCNS.TO vs. ZMI.TO - Expense Ratio Comparison
VCNS.TO has a 0.25% expense ratio, which is higher than ZMI.TO's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VCNS.TO vs. ZMI.TO — Risk / Return Rank
VCNS.TO
ZMI.TO
VCNS.TO vs. ZMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Conservative ETF Portfolio (VCNS.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.
| VCNS.TO | ZMI.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.98 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.31 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.10 | +0.25 |
Martin ratioReturn relative to average drawdown | 4.86 | 4.19 | +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
| VCNS.TO | ZMI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.98 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.94 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.72 | -0.48 |
Correlation
The correlation between VCNS.TO and ZMI.TO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VCNS.TO vs. ZMI.TO - Dividend Comparison
VCNS.TO's dividend yield for the trailing twelve months is around 1.92%, less than ZMI.TO's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCNS.TO Vanguard Conservative ETF Portfolio | 1.92% | 2.54% | 2.58% | 2.57% | 2.28% | 2.09% | 1.88% | 2.28% | 75.90% | 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
VCNS.TO vs. ZMI.TO - Drawdown Comparison
The maximum VCNS.TO drawdown since its inception was -18.04%, smaller than the maximum ZMI.TO drawdown of -26.65%. Use the drawdown chart below to compare losses from any high point for VCNS.TO and ZMI.TO.
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Drawdown Indicators
| VCNS.TO | ZMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.04% | -26.65% | +8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -7.66% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -15.73% | -12.65% | -3.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.65% | — |
Current DrawdownCurrent decline from peak | -3.57% | -2.24% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -2.14% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 2.02% | -0.53% |
Volatility
VCNS.TO vs. ZMI.TO - Volatility Comparison
Vanguard Conservative ETF Portfolio (VCNS.TO) has a higher volatility of 3.19% compared to BMO Monthly Income ETF (ZMI.TO) at 3.01%. This indicates that VCNS.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
| VCNS.TO | ZMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 3.01% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 5.96% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 9.07% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 7.38% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.43% | 8.83% | +83.60% |