ZMI.TO vs. LDUR
ZMI.TO (BMO Monthly Income ETF) and LDUR (PIMCO Enhanced Low Duration Active ETF) are both exchange-traded funds - ZMI.TO is a Diversified Portfolio fund actively managed by BMO, while LDUR is a Short-Term Bond fund actively managed by PIMCO. Both are actively managed. Over the past 10 years, ZMI.TO returned 6.87%/yr vs 3.51%/yr for LDUR. At a correlation of -0.01, they often move in opposite directions. ZMI.TO charges 0.18%/yr vs 0.54%/yr for LDUR.
Performance
ZMI.TO vs. LDUR - Performance Comparison
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Different Trading Currencies
ZMI.TO is traded in CAD, while LDUR is traded in USD. To make them comparable, the LDUR values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZMI.TO achieves a 9.88% return, which is significantly higher than LDUR's 5.00% return. Over the past 10 years, ZMI.TO has outperformed LDUR with an annualized return of 6.87%, while LDUR has yielded a comparatively lower 3.51% annualized return.
ZMI.TO
- 1D
- 0.10%
- 1M
- 0.58%
- YTD
- 9.88%
- 6M
- 6.29%
- 1Y
- 15.49%
- 3Y*
- 13.21%
- 5Y*
- 7.94%
- 10Y*
- 6.87%
LDUR
- 1D
- 0.45%
- 1M
- 3.57%
- YTD
- 5.00%
- 6M
- 5.14%
- 1Y
- 7.85%
- 3Y*
- 8.00%
- 5Y*
- 5.29%
- 10Y*
- 3.51%
ZMI.TO vs. LDUR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZMI.TO BMO Monthly Income ETF | 9.88% | 8.04% | 13.60% | 9.17% | -5.76% | 11.38% | 2.54% | 13.52% | -2.39% | 4.98% |
LDUR PIMCO Enhanced Low Duration Active ETF | 5.00% | 0.94% | 14.04% | 2.29% | 1.84% | -0.60% | 2.01% | -0.03% | 9.55% | -4.85% |
Correlation
The correlation between ZMI.TO and LDUR is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2014 | -0.01 |
The correlation between ZMI.TO and LDUR shifts across timeframes, from -0.02 (3 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZMI.TO vs. LDUR — Risk / Return Rank
ZMI.TO
LDUR
ZMI.TO vs. LDUR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Monthly Income ETF (ZMI.TO) and PIMCO Enhanced Low Duration Active ETF (LDUR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZMI.TO | LDUR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.29 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.14 | +1.14 |
| Martin ratioReturn relative to average drawdown | 10.67 | 5.66 | +5.00 |
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Drawdowns
ZMI.TO vs. LDUR - Drawdown Comparison
The maximum ZMI.TO drawdown since its inception was -26.64%, which is greater than LDUR's maximum drawdown of -12.78%. Use the drawdown chart below to compare losses from any high point for ZMI.TO and LDUR.
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Drawdown Indicators
| ZMI.TO | LDUR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.64% | -12.78% | -13.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -3.68% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -8.80% | -6.09% | -2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -12.68% | -6.56% | -6.12% |
Max Drawdown (10Y)Largest decline over 10 years | -26.64% | -12.31% | -14.33% |
Current DrawdownCurrent decline from peak | -0.05% | 0.00% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -4.29% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.39% | +0.07% |
Volatility
ZMI.TO vs. LDUR - Volatility Comparison
BMO Monthly Income ETF (ZMI.TO) has a higher volatility of 1.85% compared to PIMCO Enhanced Low Duration Active ETF (LDUR) at 1.14%. This indicates that ZMI.TO's price experiences larger fluctuations and is considered to be riskier than LDUR 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 | LDUR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.14% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | 3.45% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.22% | 4.76% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 6.59% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.87% | 7.26% | +1.61% |
ZMI.TO vs. LDUR - Expense Ratio Comparison
ZMI.TO has a 0.18% expense ratio, which is lower than LDUR's 0.54% expense ratio.
Dividends
ZMI.TO vs. LDUR - Dividend Comparison
ZMI.TO's dividend yield for the trailing twelve months is around 3.97%, less than LDUR's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDUR PIMCO Enhanced Low Duration Active ETF | 4.34% | 4.60% | 4.77% | 4.11% | 2.22% | 0.90% | 2.15% | 3.14% | 2.66% | 2.08% | 1.85% | 2.92% |
ZMI.TO BMO Monthly Income ETF | 3.97% | 4.67% | 4.82% | 5.09% | 4.63% | 3.82% | 4.34% | 4.37% | 4.72% | 4.18% | 4.01% | 4.01% |
Frequently Asked Questions
ZMI.TO and LDUR have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZMI.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZMI.TO is cheaper with a 0.18% expense ratio, compared with 0.54% for LDUR.
ZMI.TO is categorized as Diversified Portfolio, while LDUR is Short-Term Bond. They also come from different issuers: BMO and PIMCO. Their fees differ too: 0.18% for ZMI.TO and 0.54% for LDUR.
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