VRIF.TO vs. ZMI.TO
Compare and contrast key facts about Vanguard Retirement Income ETF Portfolio (VRIF.TO) and BMO Monthly Income ETF (ZMI.TO).
VRIF.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. VRIF.TO is an actively managed fund by Vanguard. It was launched on Sep 9, 2020. ZMI.TO is an actively managed fund by BMO. It was launched on Jan 28, 2011.
Performance
VRIF.TO vs. ZMI.TO - Performance Comparison
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VRIF.TO vs. ZMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VRIF.TO Vanguard Retirement Income ETF Portfolio | 0.63% | 10.58% | 8.44% | 8.97% | -11.50% | 7.44% | 5.55% |
ZMI.TO BMO Monthly Income ETF | 2.98% | 7.88% | 13.43% | 9.00% | -5.89% | 11.25% | 5.15% |
Returns By Period
In the year-to-date period, VRIF.TO achieves a 0.63% return, which is significantly lower than ZMI.TO's 2.98% return.
VRIF.TO
- 1D
- 1.19%
- 1M
- -2.84%
- YTD
- 0.63%
- 6M
- 1.95%
- 1Y
- 9.14%
- 3Y*
- 8.19%
- 5Y*
- 4.12%
- 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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VRIF.TO vs. ZMI.TO - Expense Ratio Comparison
VRIF.TO has a 0.29% expense ratio, which is higher than ZMI.TO's 0.18% expense ratio.
Return for Risk
VRIF.TO vs. ZMI.TO — Risk / Return Rank
VRIF.TO
ZMI.TO
VRIF.TO vs. ZMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Retirement Income ETF Portfolio (VRIF.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.
| VRIF.TO | ZMI.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.94 | +0.59 |
Sortino ratioReturn per unit of downside risk | 2.13 | 1.25 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.20 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.19 | +0.86 |
Martin ratioReturn relative to average drawdown | 7.91 | 4.53 | +3.38 |
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
| VRIF.TO | ZMI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.94 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.94 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.72 | +0.10 |
Correlation
The correlation between VRIF.TO and ZMI.TO is 0.76, 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
VRIF.TO vs. ZMI.TO - Dividend Comparison
VRIF.TO's dividend yield for the trailing twelve months is around 3.80%, less than ZMI.TO's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRIF.TO Vanguard Retirement Income ETF Portfolio | 3.80% | 3.77% | 3.96% | 4.33% | 4.72% | 3.86% | 1.27% | 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
VRIF.TO vs. ZMI.TO - Drawdown Comparison
The maximum VRIF.TO drawdown since its inception was -16.19%, smaller than the maximum ZMI.TO drawdown of -26.65%. Use the drawdown chart below to compare losses from any high point for VRIF.TO and ZMI.TO.
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Drawdown Indicators
| VRIF.TO | ZMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.19% | -26.65% | +10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -7.66% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.19% | -12.65% | -3.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.65% | — |
Current DrawdownCurrent decline from peak | -2.90% | -2.24% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -2.14% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 2.03% | -0.85% |
Volatility
VRIF.TO vs. ZMI.TO - Volatility Comparison
Vanguard Retirement Income ETF Portfolio (VRIF.TO) and BMO Monthly Income ETF (ZMI.TO) have volatilities of 3.04% and 3.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VRIF.TO | ZMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 3.14% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 5.97% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.03% | 9.09% | -3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 7.39% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 8.83% | -2.60% |