ZMI.TO vs. GRO.TO
Compare and contrast key facts about BMO Monthly Income ETF (ZMI.TO) and Franklin Growth ETF Portfolio (GRO.TO).
ZMI.TO and GRO.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZMI.TO is an actively managed fund by BMO. It was launched on Jan 28, 2011. GRO.TO is an actively managed fund by Franklin Templeton. It was launched on Feb 20, 2019.
Performance
ZMI.TO vs. GRO.TO - Performance Comparison
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ZMI.TO vs. GRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZMI.TO BMO Monthly Income ETF | 2.98% | 7.88% | 7.69% |
GRO.TO Franklin Growth ETF Portfolio | -2.38% | 11.09% | 15.17% |
Returns By Period
In the year-to-date period, ZMI.TO achieves a 2.98% return, which is significantly higher than GRO.TO's -2.38% return.
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%
GRO.TO
- 1D
- 0.00%
- 1M
- -5.81%
- YTD
- -2.38%
- 6M
- 0.01%
- 1Y
- 13.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ZMI.TO vs. GRO.TO - Expense Ratio Comparison
ZMI.TO has a 0.18% expense ratio, which is lower than GRO.TO's 0.21% 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
ZMI.TO vs. GRO.TO — Risk / Return Rank
ZMI.TO
GRO.TO
ZMI.TO vs. GRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Monthly Income ETF (ZMI.TO) and Franklin Growth ETF Portfolio (GRO.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.
| ZMI.TO | GRO.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.89 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.29 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.59 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.34 | -0.15 |
Martin ratioReturn relative to average drawdown | 4.53 | 5.10 | -0.57 |
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
| ZMI.TO | GRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.89 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.06 | -0.33 |
Correlation
The correlation between ZMI.TO and GRO.TO is -0.00. 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
ZMI.TO vs. GRO.TO - Dividend Comparison
ZMI.TO's dividend yield for the trailing twelve months is around 4.30%, more than GRO.TO's 2.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GRO.TO Franklin Growth ETF Portfolio | 2.36% | 2.04% | 1.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZMI.TO vs. GRO.TO - Drawdown Comparison
The maximum ZMI.TO drawdown since its inception was -26.65%, which is greater than GRO.TO's maximum drawdown of -12.96%. Use the drawdown chart below to compare losses from any high point for ZMI.TO and GRO.TO.
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Drawdown Indicators
| ZMI.TO | GRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.65% | -12.96% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.66% | -9.16% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -12.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.65% | — | — |
Current DrawdownCurrent decline from peak | -2.24% | -5.81% | +3.57% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -1.36% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.41% | -0.38% |
Volatility
ZMI.TO vs. GRO.TO - Volatility Comparison
The current volatility for BMO Monthly Income ETF (ZMI.TO) is 3.14%, while Franklin Growth ETF Portfolio (GRO.TO) has a volatility of 5.34%. This indicates that ZMI.TO experiences smaller price fluctuations and is considered to be less risky than GRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZMI.TO | GRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 5.34% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 6.82% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.09% | 14.93% | -5.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 12.42% | -5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 12.42% | -3.59% |