ZMI.TO vs. ZCON.TO
Compare and contrast key facts about BMO Monthly Income ETF (ZMI.TO) and BMO Conservative ETF (ZCON.TO).
ZMI.TO and ZCON.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. ZCON.TO is managed by BMO. It was launched on Feb 12, 2019.
Performance
ZMI.TO vs. ZCON.TO - Performance Comparison
Loading graphics...
ZMI.TO vs. ZCON.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZMI.TO BMO Monthly Income ETF | 2.98% | 7.88% | 13.43% | 9.00% | -5.89% | 11.25% | 2.40% | 6.96% |
ZCON.TO BMO Conservative ETF | 0.31% | 9.31% | 11.51% | 9.89% | -11.00% | 6.06% | 9.69% | 7.50% |
Returns By Period
In the year-to-date period, ZMI.TO achieves a 2.98% return, which is significantly higher than ZCON.TO's 0.31% 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%
ZCON.TO
- 1D
- 1.29%
- 1M
- -2.78%
- YTD
- 0.31%
- 6M
- 1.18%
- 1Y
- 8.64%
- 3Y*
- 8.93%
- 5Y*
- 5.01%
- 10Y*
- —
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. ZCON.TO - Expense Ratio Comparison
ZMI.TO has a 0.18% expense ratio, which is higher than ZCON.TO's 0.15% expense ratio. However, 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. ZCON.TO — Risk / Return Rank
ZMI.TO
ZCON.TO
ZMI.TO vs. ZCON.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Monthly Income ETF (ZMI.TO) and BMO Conservative ETF (ZCON.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 | ZCON.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.14 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.59 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.56 | -0.37 |
Martin ratioReturn relative to average drawdown | 4.53 | 6.04 | -1.51 |
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 | ZCON.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.14 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.70 | +0.24 |
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 | 0.73 | -0.01 |
Correlation
The correlation between ZMI.TO and ZCON.TO is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ZMI.TO vs. ZCON.TO - Dividend Comparison
ZMI.TO's dividend yield for the trailing twelve months is around 4.30%, more than ZCON.TO's 2.16% 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% |
ZCON.TO BMO Conservative ETF | 2.16% | 2.36% | 2.49% | 2.71% | 2.89% | 2.50% | 2.59% | 2.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZMI.TO vs. ZCON.TO - Drawdown Comparison
The maximum ZMI.TO drawdown since its inception was -26.65%, which is greater than ZCON.TO's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for ZMI.TO and ZCON.TO.
Loading graphics...
Drawdown Indicators
| ZMI.TO | ZCON.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.65% | -17.22% | -9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.66% | -5.76% | -1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -12.65% | -15.88% | +3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -26.65% | — | — |
Current DrawdownCurrent decline from peak | -2.24% | -2.93% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -3.26% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.49% | +0.54% |
Volatility
ZMI.TO vs. ZCON.TO - Volatility Comparison
BMO Monthly Income ETF (ZMI.TO) and BMO Conservative ETF (ZCON.TO) have volatilities of 3.14% and 3.02%, 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.
Loading graphics...
Volatility by Period
| ZMI.TO | ZCON.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.02% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 4.68% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.09% | 7.64% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 7.17% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 8.02% | +0.81% |