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ZDH.TO vs. ZMMK.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZDH.TO vs. ZMMK.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO International Dividend Hedged to CAD ETF (ZDH.TO) and BMO Money Market Fund ETF Series (ZMMK.TO).

ZDH.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. ZDH.TO is managed by BMO. It was launched on Sep 2, 2015. ZMMK.TO is an actively managed fund by BMO. It was launched on Nov 28, 2021.

Performance

ZDH.TO vs. ZMMK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO International Dividend Hedged to CAD ETF (ZDH.TO) and BMO Money Market Fund ETF Series (ZMMK.TO). The values are adjusted to include any dividend payments, if applicable.

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ZDH.TO vs. ZMMK.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ZDH.TO
BMO International Dividend Hedged to CAD ETF		6.32%21.88%10.74%17.42%3.42%4.13%
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, ZDH.TO achieves a 6.32% return, which is significantly higher than ZMMK.TO's 0.57% return.

ZDH.TO

1D
2.26%
1M
-4.03%
YTD
6.32%
6M
15.34%
1Y
22.07%
3Y*
16.51%
5Y*
13.69%
10Y*
10.52%

ZMMK.TO

1D
0.02%
1M
0.20%
YTD
0.57%
6M
1.20%
1Y
2.62%
3Y*
4.00%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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BMO International Dividend Hedged to CAD ETF

BMO Money Market Fund ETF Series

Often compared with ZDH.TO:
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Often compared with ZMMK.TO:
ZMMK.TO vs. CASH.TOZMMK.TO vs. CMR.TOZMMK.TO vs. CBIL.TOZMMK.TO vs. HSAV.TOZMMK.TO vs. ZAG.TOZMMK.TO vs. MNYZMMK.TO vs. PSA.TO

ZDH.TO vs. ZMMK.TO - Expense Ratio Comparison

ZDH.TO has a 0.40% expense ratio, which is higher than ZMMK.TO's 0.13% expense ratio.

ZDH.TO
BMO International Dividend Hedged to CAD ETF
ZMMK.TO
BMO Money Market Fund ETF Series

Return for Risk

ZDH.TO vs. ZMMK.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZDH.TO
ZDH.TO Risk / Return Rank: 7575
Overall Rank
ZDH.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
ZDH.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
ZDH.TO Omega Ratio Rank: 7878
Omega Ratio Rank
ZDH.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
ZDH.TO Martin Ratio Rank: 7575
Martin Ratio Rank
ZMMK.TO
ZMMK.TO Risk / Return Rank: 100100
Overall Rank
ZMMK.TO Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
ZMMK.TO Sortino Ratio Rank: 100100
Sortino Ratio Rank
ZMMK.TO Omega Ratio Rank: 100100
Omega Ratio Rank
ZMMK.TO Calmar Ratio Rank: 100100
Calmar Ratio Rank
ZMMK.TO Martin Ratio Rank: 100100
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.

ZDH.TO vs. ZMMK.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO International Dividend Hedged to CAD ETF (ZDH.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.

ZDH.TOZMMK.TODifference

Sharpe ratio

Return per unit of total volatility

1.37

10.17

-8.80

Sortino ratio

Return per unit of downside risk

1.95

25.94

-23.99

Omega ratio

Gain probability vs. loss probability

1.31

6.05

-4.74

Calmar ratio

Return relative to maximum drawdown

1.88

86.98

-85.11

Martin ratio

Return relative to average drawdown

8.16

406.21

-398.05

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

ZDH.TO vs. ZMMK.TO - Sharpe Ratio Comparison

The current ZDH.TO Sharpe Ratio is 1.37, which is lower than the ZMMK.TO Sharpe Ratio of 10.17. The chart below compares the historical Sharpe Ratios of ZDH.TO and ZMMK.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

ZDH.TOZMMK.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.37

10.17

-8.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.04

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

10.37

-9.80

Correlation

The correlation between ZDH.TO and ZMMK.TO is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ZDH.TO vs. ZMMK.TO - Dividend Comparison

ZDH.TO's dividend yield for the trailing twelve months is around 2.87%, more than ZMMK.TO's 2.68% yield.

TTM20252024202320222021202020192018201720162015
ZDH.TO
BMO International Dividend Hedged to CAD ETF		2.87%3.09%4.01%4.23%4.04%3.70%5.34%4.87%5.36%4.41%4.37%1.66%
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

ZDH.TO vs. ZMMK.TO - Drawdown Comparison

The maximum ZDH.TO drawdown since its inception was -37.62%, 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 ZDH.TO and ZMMK.TO.

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Drawdown Indicators

ZDH.TOZMMK.TODifference

Max Drawdown

Largest peak-to-trough decline

-37.62%

-0.16%

-37.46%

Max Drawdown (1Y)

Largest decline over 1 year

-11.33%

-0.03%

-11.30%

Max Drawdown (5Y)

Largest decline over 5 years

-13.74%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-37.62%

—

—

Current Drawdown

Current decline from peak

-4.14%

0.00%

-4.14%

Average Drawdown

Average peak-to-trough decline

-4.10%

0.00%

-4.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.60%

0.01%

+2.59%

Volatility

ZDH.TO vs. ZMMK.TO - Volatility Comparison

BMO International Dividend Hedged to CAD ETF (ZDH.TO) has a higher volatility of 5.81% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.08%. This indicates that ZDH.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

ZDH.TOZMMK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.81%

0.08%

+5.73%

Volatility (6M)

Calculated over the trailing 6-month period

8.75%

0.20%

+8.55%

Volatility (1Y)

Calculated over the trailing 1-year period

16.16%

0.26%

+15.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.22%

0.34%

+12.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.54%

0.34%

+16.20%