XEQT.TO vs. ZMMK.TO
XEQT.TO (iShares Core Equity ETF Portfolio) and ZMMK.TO (BMO Money Market Fund ETF Series) are both exchange-traded funds - XEQT.TO is a Global Equities fund actively managed by iShares, while ZMMK.TO is a Money Market fund actively managed by BMO. Both are actively managed. Over the past 3 years, XEQT.TO returned 21.81%/yr vs 3.84%/yr for ZMMK.TO. At a 0.05 correlation, their price movements are largely independent. XEQT.TO charges 0.20%/yr vs 0.13%/yr for ZMMK.TO.
Performance
XEQT.TO vs. ZMMK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEQT.TO achieves a 12.26% return, which is significantly higher than ZMMK.TO's 1.03% return.
XEQT.TO
- 1D
- 0.63%
- 1M
- 2.10%
- YTD
- 12.26%
- 6M
- 12.73%
- 1Y
- 30.96%
- 3Y*
- 21.81%
- 5Y*
- 13.69%
- 10Y*
- —
ZMMK.TO
- 1D
- 0.02%
- 1M
- 0.17%
- YTD
- 1.03%
- 6M
- 1.17%
- 1Y
- 2.48%
- 3Y*
- 3.84%
- 5Y*
- —
- 10Y*
- —
XEQT.TO vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XEQT.TO iShares Core Equity ETF Portfolio | 12.26% | 20.57% | 24.38% | 17.27% | -10.99% | 2.84% |
ZMMK.TO BMO Money Market Fund ETF Series | 1.03% | 2.77% | 4.94% | 4.86% | 1.99% | 0.04% |
Correlation
The correlation between XEQT.TO and ZMMK.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021 | 0.05 |
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Return for Risk
XEQT.TO vs. ZMMK.TO — Risk / Return Rank
XEQT.TO
ZMMK.TO
XEQT.TO vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XEQT.TO | ZMMK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.71 | ||
| Sortino ratioReturn per unit of downside risk | -18.70 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 5.22 | -3.77 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 62.17 | -58.58 |
| Martin ratioReturn relative to average drawdown | 15.41 | 348.17 | -332.76 |
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Drawdowns
XEQT.TO vs. ZMMK.TO - Drawdown Comparison
The maximum XEQT.TO drawdown since its inception was -29.74%, 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 XEQT.TO and ZMMK.TO.
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Drawdown Indicators
| XEQT.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.74% | -0.16% | -29.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -0.04% | -8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | -0.08% | -15.00% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | 0.00% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -0.00% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.01% | +1.91% |
Volatility
XEQT.TO vs. ZMMK.TO - Volatility Comparison
iShares Core Equity ETF Portfolio (XEQT.TO) has a higher volatility of 5.02% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.08%. This indicates that XEQT.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
| XEQT.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 0.08% | +4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 0.19% | +9.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 0.27% | +11.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 0.34% | +12.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 0.34% | +15.24% |
XEQT.TO vs. ZMMK.TO - Expense Ratio Comparison
XEQT.TO has a 0.20% expense ratio, which is higher than ZMMK.TO's 0.13% 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%.
Dividends
XEQT.TO vs. ZMMK.TO - Dividend Comparison
XEQT.TO's dividend yield for the trailing twelve months is around 1.48%, less than ZMMK.TO's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
XEQT.TO iShares Core Equity ETF Portfolio | 1.48% | 1.66% | 2.03% | 2.09% | 2.14% | 1.66% | 1.69% | 1.21% |
ZMMK.TO BMO Money Market Fund ETF Series | 2.53% | 3.02% | 4.66% | 4.98% | 1.95% | 0.04% | 0.00% | 0.00% |
Frequently Asked Questions
XEQT.TO and ZMMK.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZMMK.TO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZMMK.TO is cheaper with a 0.13% expense ratio, compared with 0.20% for XEQT.TO.
XEQT.TO is categorized as Global Equities, while ZMMK.TO is Money Market. They also come from different issuers: iShares and BMO. Their fees differ too: 0.20% for XEQT.TO and 0.13% for ZMMK.TO.
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