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ZCM.TO vs. ZQQ.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZCM.TO vs. ZQQ.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Mid Corporate Bond Index ETF (ZCM.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO).

ZCM.TO and ZQQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZCM.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Mid Term Corporate Bond Index. It was launched on Jan 19, 2010. ZQQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 19, 2010. Both ZCM.TO and ZQQ.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ZCM.TO vs. ZQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Mid Corporate Bond Index ETF (ZCM.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO). The values are adjusted to include any dividend payments, if applicable.

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ZCM.TO vs. ZQQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZCM.TO
BMO Mid Corporate Bond Index ETF		-0.13%4.84%8.07%7.96%-10.18%-2.09%10.34%8.59%0.58%2.28%
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)		-5.43%18.38%24.00%52.52%-33.75%26.68%45.33%37.08%-2.29%31.51%

Returns By Period

In the year-to-date period, ZCM.TO achieves a -0.13% return, which is significantly higher than ZQQ.TO's -5.43% return. Over the past 10 years, ZCM.TO has underperformed ZQQ.TO with an annualized return of 3.02%, while ZQQ.TO has yielded a comparatively higher 17.28% annualized return.

ZCM.TO

1D
0.00%
1M
-2.39%
YTD
-0.13%
6M
-0.43%
1Y
2.85%
3Y*
5.76%
5Y*
2.18%
10Y*
3.02%

ZQQ.TO

1D
1.20%
1M
-4.11%
YTD
-5.43%
6M
-4.10%
1Y
21.50%
3Y*
20.71%
5Y*
11.46%
10Y*
17.28%
*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.

BMO Mid Corporate Bond Index ETF

BMO NASDAQ 100 Equity (CAD Hedged)

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ZCM.TO vs. ZQQ.TO - Expense Ratio Comparison

ZCM.TO has a 0.33% expense ratio, which is lower than ZQQ.TO's 0.39% expense ratio.

ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)
ZCM.TO
BMO Mid Corporate Bond Index ETF

Return for Risk

ZCM.TO vs. ZQQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZCM.TO
ZCM.TO Risk / Return Rank: 3434
Overall Rank
ZCM.TO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
ZCM.TO Sortino Ratio Rank: 2929
Sortino Ratio Rank
ZCM.TO Omega Ratio Rank: 2828
Omega Ratio Rank
ZCM.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
ZCM.TO Martin Ratio Rank: 3636
Martin Ratio Rank
ZQQ.TO
ZQQ.TO Risk / Return Rank: 5858
Overall Rank
ZQQ.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
ZQQ.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
ZQQ.TO Omega Ratio Rank: 5757
Omega Ratio Rank
ZQQ.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
ZQQ.TO Martin Ratio Rank: 5959
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.

ZCM.TO vs. ZQQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Mid Corporate Bond Index ETF (ZCM.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.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.

ZCM.TOZQQ.TODifference

Sharpe ratio

Return per unit of total volatility

0.63

0.97

-0.34

Sortino ratio

Return per unit of downside risk

0.85

1.53

-0.68

Omega ratio

Gain probability vs. loss probability

1.11

1.22

-0.10

Calmar ratio

Return relative to maximum drawdown

1.03

1.73

-0.70

Martin ratio

Return relative to average drawdown

3.34

6.02

-2.68

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

ZCM.TO vs. ZQQ.TO - Sharpe Ratio Comparison

The current ZCM.TO Sharpe Ratio is 0.63, which is lower than the ZQQ.TO Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of ZCM.TO and ZQQ.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

ZCM.TOZQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.63

0.97

-0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.36

0.51

-0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

0.78

-0.43

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.83

-0.29

Correlation

The correlation between ZCM.TO and ZQQ.TO is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ZCM.TO vs. ZQQ.TO - Dividend Comparison

ZCM.TO's dividend yield for the trailing twelve months is around 4.22%, more than ZQQ.TO's 0.28% yield.

TTM20252024202320222021202020192018201720162015
ZCM.TO
BMO Mid Corporate Bond Index ETF		4.22%4.03%3.84%3.93%3.80%3.29%3.12%3.33%3.22%3.04%3.18%3.42%
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)		0.28%0.27%0.37%0.32%0.45%0.14%0.41%0.51%0.64%0.57%1.60%0.81%

Drawdowns

ZCM.TO vs. ZQQ.TO - Drawdown Comparison

The maximum ZCM.TO drawdown since its inception was -26.06%, smaller than the maximum ZQQ.TO drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for ZCM.TO and ZQQ.TO.

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Drawdown Indicators

ZCM.TOZQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.06%

-36.39%

+10.33%

Max Drawdown (1Y)

Largest decline over 1 year

-3.08%

-12.86%

+9.78%

Max Drawdown (5Y)

Largest decline over 5 years

-15.82%

-36.39%

+20.57%

Max Drawdown (10Y)

Largest decline over 10 years

-26.06%

-36.39%

+10.33%

Current Drawdown

Current decline from peak

-2.41%

-8.79%

+6.38%

Average Drawdown

Average peak-to-trough decline

-2.62%

-5.41%

+2.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.95%

3.69%

-2.74%

Volatility

ZCM.TO vs. ZQQ.TO - Volatility Comparison

The current volatility for BMO Mid Corporate Bond Index ETF (ZCM.TO) is 2.29%, while BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) has a volatility of 6.69%. This indicates that ZCM.TO experiences smaller price fluctuations and is considered to be less risky than ZQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZCM.TOZQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.29%

6.69%

-4.40%

Volatility (6M)

Calculated over the trailing 6-month period

3.22%

12.68%

-9.46%

Volatility (1Y)

Calculated over the trailing 1-year period

4.57%

22.22%

-17.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.06%

22.58%

-16.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.75%

22.36%

-13.61%