ZMI.TO vs. LDUR
Compare and contrast key facts about BMO Monthly Income ETF (ZMI.TO) and PIMCO Enhanced Low Duration Active ETF (LDUR).
ZMI.TO and LDUR 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. LDUR is an actively managed fund by PIMCO. It was launched on Jan 22, 2014.
Performance
ZMI.TO vs. LDUR - Performance Comparison
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ZMI.TO vs. LDUR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZMI.TO BMO Monthly Income ETF | 2.98% | 7.88% | 13.43% | 9.00% | -5.89% | 11.25% | 2.40% | 13.37% | -2.52% | 4.84% |
LDUR PIMCO Enhanced Low Duration Active ETF | 1.87% | 0.91% | 14.17% | 2.47% | 2.60% | -1.45% | 2.73% | -0.86% | 9.62% | -4.44% |
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 2.98% return, which is significantly higher than LDUR's 1.87% return. Over the past 10 years, ZMI.TO has outperformed LDUR with an annualized return of 6.17%, while LDUR has yielded a comparatively lower 3.20% annualized 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%
LDUR
- 1D
- 0.07%
- 1M
- 1.61%
- YTD
- 1.87%
- 6M
- 1.74%
- 1Y
- 0.92%
- 3Y*
- 5.99%
- 5Y*
- 4.31%
- 10Y*
- 3.20%
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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.
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.
| ZMI.TO | LDUR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.17 | +0.77 |
Sortino ratioReturn per unit of downside risk | 1.25 | 0.26 | +1.00 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.03 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.27 | +0.92 |
Martin ratioReturn relative to average drawdown | 4.53 | 0.53 | +4.00 |
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 | LDUR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.17 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.67 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.45 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.58 | +0.14 |
Correlation
The correlation between ZMI.TO and LDUR is -0.10. 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. LDUR - Dividend Comparison
ZMI.TO's dividend yield for the trailing twelve months is around 4.30%, less than LDUR's 4.47% 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% |
LDUR PIMCO Enhanced Low Duration Active ETF | 4.47% | 4.60% | 4.77% | 4.11% | 2.22% | 0.90% | 2.15% | 3.14% | 2.66% | 2.08% | 1.85% | 2.92% |
Drawdowns
ZMI.TO vs. LDUR - Drawdown Comparison
The maximum ZMI.TO drawdown since its inception was -26.65%, which is greater than LDUR's maximum drawdown of -12.93%. 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 | -26.65% | -8.68% | -17.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.66% | -1.17% | -6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -12.65% | -6.75% | -5.90% |
Max Drawdown (10Y)Largest decline over 10 years | -26.65% | -8.68% | -17.97% |
Current DrawdownCurrent decline from peak | -2.24% | -0.36% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -0.86% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.24% | +1.79% |
Volatility
ZMI.TO vs. LDUR - Volatility Comparison
BMO Monthly Income ETF (ZMI.TO) has a higher volatility of 3.14% compared to PIMCO Enhanced Low Duration Active ETF (LDUR) at 1.48%. 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 | 3.14% | 1.48% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 3.62% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.09% | 5.46% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 6.47% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 7.17% | +1.66% |