ZDI.TO vs. CMR.TO
ZDI.TO (BMO International Dividend ETF) and CMR.TO (iShares Premium Money Market ETF) are both exchange-traded funds - ZDI.TO is a International Equity fund actively managed by BMO, while CMR.TO is a Money Market fund actively managed by iShares. Both are actively managed. Over the past 10 years, ZDI.TO returned 9.26%/yr vs 1.89%/yr for CMR.TO. At a 0.01 correlation, their price movements are largely independent. ZDI.TO charges 0.44%/yr vs 0.14%/yr for CMR.TO.
Performance
ZDI.TO vs. CMR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZDI.TO achieves a 11.17% return, which is significantly higher than CMR.TO's 0.99% return. Over the past 10 years, ZDI.TO has outperformed CMR.TO with an annualized return of 9.26%, while CMR.TO has yielded a comparatively lower 1.89% annualized return.
ZDI.TO
- 1D
- 0.45%
- 1M
- 3.36%
- YTD
- 11.17%
- 6M
- 9.75%
- 1Y
- 21.74%
- 3Y*
- 17.33%
- 5Y*
- 12.82%
- 10Y*
- 9.26%
CMR.TO
- 1D
- 0.02%
- 1M
- 0.19%
- YTD
- 0.99%
- 6M
- 1.05%
- 1Y
- 2.39%
- 3Y*
- 3.73%
- 5Y*
- 2.94%
- 10Y*
- 1.89%
ZDI.TO vs. CMR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZDI.TO BMO International Dividend ETF | 11.17% | 22.48% | 10.57% | 17.05% | 0.31% | 12.87% | -6.21% | 12.96% | -6.84% | 15.07% |
CMR.TO iShares Premium Money Market ETF | 0.99% | 2.68% | 4.70% | 4.70% | 1.71% | 0.00% | 0.47% | 1.63% | 1.29% | 0.63% |
Correlation
The correlation between ZDI.TO and CMR.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | 0.01 |
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Return for Risk
ZDI.TO vs. CMR.TO — Risk / Return Rank
ZDI.TO
CMR.TO
ZDI.TO vs. CMR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO International Dividend ETF (ZDI.TO) and iShares Premium Money Market ETF (CMR.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.
| ZDI.TO | CMR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.07 | ||
| Sortino ratioReturn per unit of downside risk | -19.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 9.64 | -8.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 25.66 | -23.52 |
| Martin ratioReturn relative to average drawdown | 8.26 | 188.94 | -180.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZDI.TO | CMR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 10.70 | -9.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 10.68 | -9.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 7.03 | -6.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 3.84 | -3.31 |
Drawdowns
ZDI.TO vs. CMR.TO - Drawdown Comparison
The maximum ZDI.TO drawdown since its inception was -33.89%, which is greater than CMR.TO's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for ZDI.TO and CMR.TO.
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Drawdown Indicators
| ZDI.TO | CMR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.89% | -0.52% | -33.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -0.09% | -10.14% |
Max Drawdown (3Y)Largest decline over 3 years | -14.11% | -0.09% | -14.02% |
Max Drawdown (5Y)Largest decline over 5 years | -18.97% | -0.09% | -18.88% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -0.14% | -33.75% |
Current DrawdownCurrent decline from peak | -1.80% | 0.00% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -0.01% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 0.01% | +2.63% |
Volatility
ZDI.TO vs. CMR.TO - Volatility Comparison
BMO International Dividend ETF (ZDI.TO) has a higher volatility of 4.81% compared to iShares Premium Money Market ETF (CMR.TO) at 0.05%. This indicates that ZDI.TO's price experiences larger fluctuations and is considered to be riskier than CMR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZDI.TO | CMR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 0.05% | +4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 0.18% | +10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 0.22% | +13.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 0.28% | +12.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.80% | 0.27% | +15.53% |
ZDI.TO vs. CMR.TO - Expense Ratio Comparison
ZDI.TO has a 0.44% expense ratio, which is higher than CMR.TO's 0.14% expense ratio.
Dividends
ZDI.TO vs. CMR.TO - Dividend Comparison
ZDI.TO's dividend yield for the trailing twelve months is around 3.04%, more than CMR.TO's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMR.TO iShares Premium Money Market ETF | 2.48% | 2.81% | 4.56% | 4.64% | 1.62% | 0.00% | 0.47% | 1.60% | 1.33% | 0.61% | 0.43% | 0.48% |
ZDI.TO BMO International Dividend ETF | 3.04% | 3.34% | 3.94% | 4.15% | 3.99% | 3.72% | 4.96% | 4.92% | 5.23% | 4.23% | 4.62% | 4.26% |
Frequently Asked Questions
ZDI.TO and CMR.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMR.TO is cheaper with a 0.14% expense ratio, compared with 0.44% for ZDI.TO.
ZDI.TO is categorized as International Equity, while CMR.TO is Money Market. They also come from different issuers: BMO and iShares. Their fees differ too: 0.44% for ZDI.TO and 0.14% for CMR.TO.
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