XTR.TO vs. ZMI.TO
Compare and contrast key facts about iShares Diversified Monthly Income ETF (XTR.TO) and BMO Monthly Income ETF (ZMI.TO).
XTR.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. XTR.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Neut Tgt Alloc NR CAD. It was launched on Dec 19, 2005. ZMI.TO is an actively managed fund by BMO. It was launched on Jan 28, 2011.
Performance
XTR.TO vs. ZMI.TO - Performance Comparison
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XTR.TO vs. ZMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XTR.TO iShares Diversified Monthly Income ETF | 2.91% | 5.04% | 12.59% | 4.85% | -4.61% | 10.02% | 2.26% | 12.67% | -3.88% | 6.43% |
ZMI.TO BMO Monthly Income ETF | 2.98% | 7.88% | 13.43% | 9.00% | -5.89% | 11.25% | 2.40% | 13.37% | -2.52% | 4.84% |
Returns By Period
The year-to-date returns for both investments are quite close, with XTR.TO having a 2.91% return and ZMI.TO slightly higher at 2.98%. Over the past 10 years, XTR.TO has underperformed ZMI.TO with an annualized return of 5.51%, while ZMI.TO has yielded a comparatively higher 6.17% annualized return.
XTR.TO
- 1D
- 0.59%
- 1M
- -1.56%
- YTD
- 2.91%
- 6M
- 0.80%
- 1Y
- 4.31%
- 3Y*
- 7.99%
- 5Y*
- 5.12%
- 10Y*
- 5.51%
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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XTR.TO vs. ZMI.TO - Expense Ratio Comparison
XTR.TO has a 0.61% expense ratio, which is higher than ZMI.TO's 0.18% expense ratio.
Return for Risk
XTR.TO vs. ZMI.TO — Risk / Return Rank
XTR.TO
ZMI.TO
XTR.TO vs. ZMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Monthly Income ETF (XTR.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.
| XTR.TO | ZMI.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.94 | -0.33 |
Sortino ratioReturn per unit of downside risk | 0.79 | 1.25 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.19 | -0.34 |
Martin ratioReturn relative to average drawdown | 2.88 | 4.53 | -1.66 |
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
| XTR.TO | ZMI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.94 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.94 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.70 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.72 | -0.35 |
Correlation
The correlation between XTR.TO and ZMI.TO is 0.70, 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
XTR.TO vs. ZMI.TO - Dividend Comparison
XTR.TO's dividend yield for the trailing twelve months is around 4.03%, less than ZMI.TO's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XTR.TO iShares Diversified Monthly Income ETF | 4.03% | 4.10% | 4.14% | 4.46% | 4.47% | 4.08% | 5.39% | 5.21% | 5.57% | 5.08% | 5.14% | 6.59% |
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
XTR.TO vs. ZMI.TO - Drawdown Comparison
The maximum XTR.TO drawdown since its inception was -51.58%, which is greater than ZMI.TO's maximum drawdown of -26.65%. Use the drawdown chart below to compare losses from any high point for XTR.TO and ZMI.TO.
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Drawdown Indicators
| XTR.TO | ZMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.58% | -26.65% | -24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -7.66% | +1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -9.87% | -12.65% | +2.78% |
Max Drawdown (10Y)Largest decline over 10 years | -25.93% | -26.65% | +0.72% |
Current DrawdownCurrent decline from peak | -1.56% | -2.24% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -2.14% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.03% | -0.25% |
Volatility
XTR.TO vs. ZMI.TO - Volatility Comparison
The current volatility for iShares Diversified Monthly Income ETF (XTR.TO) is 2.25%, while BMO Monthly Income ETF (ZMI.TO) has a volatility of 3.14%. This indicates that XTR.TO experiences smaller price fluctuations and is considered to be less risky 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
| XTR.TO | ZMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 3.14% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 4.72% | 5.97% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.12% | 9.09% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 7.39% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.37% | 8.83% | -0.46% |