ZMI.TO vs. XTR.TO
Compare and contrast key facts about BMO Monthly Income ETF (ZMI.TO) and iShares Diversified Monthly Income ETF (XTR.TO).
ZMI.TO and XTR.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. XTR.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Neut Tgt Alloc NR CAD. It was launched on Dec 19, 2005.
Performance
ZMI.TO vs. XTR.TO - Performance Comparison
Loading graphics...
ZMI.TO vs. XTR.TO - 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% |
XTR.TO iShares Diversified Monthly Income ETF | 2.91% | 5.04% | 12.59% | 4.85% | -4.61% | 10.02% | 2.26% | 12.67% | -3.88% | 6.43% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ZMI.TO having a 2.98% return and XTR.TO slightly lower at 2.91%. Over the past 10 years, ZMI.TO has outperformed XTR.TO with an annualized return of 6.17%, while XTR.TO has yielded a comparatively lower 5.51% 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%
XTR.TO
- 1D
- 0.59%
- 1M
- -1.56%
- YTD
- 2.91%
- 6M
- 0.80%
- 1Y
- 4.31%
- 3Y*
- 7.99%
- 5Y*
- 5.12%
- 10Y*
- 5.51%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZMI.TO vs. XTR.TO - Expense Ratio Comparison
ZMI.TO has a 0.18% expense ratio, which is lower than XTR.TO's 0.61% expense ratio.
Return for Risk
ZMI.TO vs. XTR.TO — Risk / Return Rank
ZMI.TO
XTR.TO
ZMI.TO vs. XTR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Monthly Income ETF (ZMI.TO) and iShares Diversified Monthly Income ETF (XTR.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 | XTR.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.61 | +0.33 |
Sortino ratioReturn per unit of downside risk | 1.25 | 0.79 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.13 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.86 | +0.34 |
Martin ratioReturn relative to average drawdown | 4.53 | 2.88 | +1.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ZMI.TO | XTR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.61 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.81 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.66 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.37 | +0.35 |
Correlation
The correlation between ZMI.TO and XTR.TO is 0.70, 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. XTR.TO - Dividend Comparison
ZMI.TO's dividend yield for the trailing twelve months is around 4.30%, more than XTR.TO's 4.03% 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% |
XTR.TO iShares Diversified Monthly Income ETF | 4.03% | 4.10% | 4.14% | 4.46% | 4.47% | 4.08% | 5.39% | 5.21% | 5.57% | 5.08% | 5.14% | 6.59% |
Drawdowns
ZMI.TO vs. XTR.TO - Drawdown Comparison
The maximum ZMI.TO drawdown since its inception was -26.65%, smaller than the maximum XTR.TO drawdown of -51.58%. Use the drawdown chart below to compare losses from any high point for ZMI.TO and XTR.TO.
Loading graphics...
Drawdown Indicators
| ZMI.TO | XTR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.65% | -51.58% | +24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.66% | -5.90% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -12.65% | -9.87% | -2.78% |
Max Drawdown (10Y)Largest decline over 10 years | -26.65% | -25.93% | -0.72% |
Current DrawdownCurrent decline from peak | -2.24% | -1.56% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -5.12% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.78% | +0.25% |
Volatility
ZMI.TO vs. XTR.TO - Volatility Comparison
BMO Monthly Income ETF (ZMI.TO) has a higher volatility of 3.14% compared to iShares Diversified Monthly Income ETF (XTR.TO) at 2.25%. This indicates that ZMI.TO's price experiences larger fluctuations and is considered to be riskier than XTR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ZMI.TO | XTR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 2.25% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 4.72% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.09% | 7.12% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 6.38% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 8.37% | +0.46% |