ZMI.TO vs. VCNS.TO
Compare and contrast key facts about BMO Monthly Income ETF (ZMI.TO) and Vanguard Conservative ETF Portfolio (VCNS.TO).
ZMI.TO and VCNS.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. VCNS.TO is an actively managed fund by Vanguard. It was launched on Jan 25, 2018.
Performance
ZMI.TO vs. VCNS.TO - Performance Comparison
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ZMI.TO vs. VCNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZMI.TO BMO Monthly Income ETF | 2.98% | 7.88% | 13.43% | 9.00% | -5.89% | 11.25% | 2.40% | 13.37% | -1.65% |
VCNS.TO Vanguard Conservative ETF Portfolio | 0.22% | 8.13% | 9.74% | 10.32% | -11.72% | 5.79% | 9.46% | 12.04% | 257.13% |
Returns By Period
In the year-to-date period, ZMI.TO achieves a 2.98% return, which is significantly higher than VCNS.TO's 0.22% 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%
VCNS.TO
- 1D
- 1.35%
- 1M
- -3.05%
- YTD
- 0.22%
- 6M
- -0.17%
- 1Y
- 7.67%
- 3Y*
- 7.95%
- 5Y*
- 4.15%
- 10Y*
- —
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ZMI.TO vs. VCNS.TO - Expense Ratio Comparison
ZMI.TO has a 0.18% expense ratio, which is lower than VCNS.TO's 0.25% 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. VCNS.TO — Risk / Return Rank
ZMI.TO
VCNS.TO
ZMI.TO vs. VCNS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Monthly Income ETF (ZMI.TO) and Vanguard Conservative ETF Portfolio (VCNS.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 | VCNS.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.04 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.42 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.50 | -0.31 |
Martin ratioReturn relative to average drawdown | 4.53 | 5.47 | -0.94 |
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 | VCNS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.04 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.62 | +0.32 |
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 | 0.25 | +0.48 |
Correlation
The correlation between ZMI.TO and VCNS.TO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ZMI.TO vs. VCNS.TO - Dividend Comparison
ZMI.TO's dividend yield for the trailing twelve months is around 4.30%, more than VCNS.TO's 2.54% 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% |
VCNS.TO Vanguard Conservative ETF Portfolio | 2.54% | 2.54% | 2.58% | 2.57% | 2.28% | 2.09% | 1.88% | 2.28% | 75.90% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZMI.TO vs. VCNS.TO - Drawdown Comparison
The maximum ZMI.TO drawdown since its inception was -26.65%, which is greater than VCNS.TO's maximum drawdown of -18.04%. Use the drawdown chart below to compare losses from any high point for ZMI.TO and VCNS.TO.
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Drawdown Indicators
| ZMI.TO | VCNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.65% | -18.04% | -8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.66% | -5.38% | -2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -12.65% | -15.73% | +3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -26.65% | — | — |
Current DrawdownCurrent decline from peak | -2.24% | -3.20% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -3.09% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.48% | +0.55% |
Volatility
ZMI.TO vs. VCNS.TO - Volatility Comparison
BMO Monthly Income ETF (ZMI.TO) and Vanguard Conservative ETF Portfolio (VCNS.TO) have volatilities of 3.14% and 3.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZMI.TO | VCNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.29% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 4.90% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.09% | 7.42% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 6.73% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 92.46% | -83.63% |