ZDB.TO vs. ZMMK.TO
Compare and contrast key facts about BMO Discount Bond (ZDB.TO) and BMO Money Market Fund ETF Series (ZMMK.TO).
ZDB.TO and ZMMK.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZDB.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Universe Discount Bond Index. It was launched on Feb 10, 2014. ZMMK.TO is an actively managed fund by BMO. It was launched on Nov 28, 2021.
Performance
ZDB.TO vs. ZMMK.TO - Performance Comparison
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ZDB.TO vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZDB.TO BMO Discount Bond | 0.17% | 2.03% | 4.26% | 6.69% | -11.99% | 1.15% |
ZMMK.TO BMO Money Market Fund ETF Series | 0.57% | 2.77% | 4.94% | 4.86% | 1.99% | 0.04% |
Returns By Period
In the year-to-date period, ZDB.TO achieves a 0.17% return, which is significantly lower than ZMMK.TO's 0.57% return.
ZDB.TO
- 1D
- 0.33%
- 1M
- -1.94%
- YTD
- 0.17%
- 6M
- -0.46%
- 1Y
- 0.41%
- 3Y*
- 3.25%
- 5Y*
- 0.50%
- 10Y*
- 1.58%
ZMMK.TO
- 1D
- 0.02%
- 1M
- 0.20%
- YTD
- 0.57%
- 6M
- 1.20%
- 1Y
- 2.62%
- 3Y*
- 4.00%
- 5Y*
- —
- 10Y*
- —
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ZDB.TO vs. ZMMK.TO - Expense Ratio Comparison
ZDB.TO has a 0.10% expense ratio, which is lower than ZMMK.TO's 0.13% expense ratio. Despite the difference, 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
ZDB.TO vs. ZMMK.TO — Risk / Return Rank
ZDB.TO
ZMMK.TO
ZDB.TO vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Discount Bond (ZDB.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.
| ZDB.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | 10.17 | -10.09 |
Sortino ratioReturn per unit of downside risk | 0.15 | 25.94 | -25.80 |
Omega ratioGain probability vs. loss probability | 1.02 | 6.05 | -5.03 |
Calmar ratioReturn relative to maximum drawdown | 0.23 | 86.98 | -86.75 |
Martin ratioReturn relative to average drawdown | 0.47 | 406.21 | -405.74 |
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
| ZDB.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 10.17 | -10.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 10.37 | -10.00 |
Correlation
The correlation between ZDB.TO and ZMMK.TO is -0.01. 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
ZDB.TO vs. ZMMK.TO - Dividend Comparison
ZDB.TO's dividend yield for the trailing twelve months is around 2.13%, less than ZMMK.TO's 2.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZDB.TO BMO Discount Bond | 2.13% | 2.28% | 2.38% | 2.42% | 2.52% | 2.16% | 2.06% | 2.20% | 2.07% | 2.06% | 1.95% | 1.99% |
ZMMK.TO BMO Money Market Fund ETF Series | 2.68% | 3.02% | 4.66% | 4.98% | 1.95% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZDB.TO vs. ZMMK.TO - Drawdown Comparison
The maximum ZDB.TO drawdown since its inception was -18.09%, 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 ZDB.TO and ZMMK.TO.
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Drawdown Indicators
| ZDB.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.09% | -0.16% | -17.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -0.03% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -16.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.09% | — | — |
Current DrawdownCurrent decline from peak | -2.76% | 0.00% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -4.24% | 0.00% | -4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.01% | +1.42% |
Volatility
ZDB.TO vs. ZMMK.TO - Volatility Comparison
BMO Discount Bond (ZDB.TO) has a higher volatility of 1.95% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.08%. This indicates that ZDB.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
| ZDB.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 0.08% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 0.20% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.64% | 0.26% | +4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.50% | 0.34% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 0.34% | +6.05% |