ZMID.TO vs. HUM.TO
ZMID.TO (BMO S&P US Mid Cap Index ETF) and HUM.TO (Hamilton U.S. Mid-Cap Financials ETF) are both exchange-traded funds - ZMID.TO is a Mid Cap Blend Equities fund managed by BMO, while HUM.TO is a Financials Equities fund actively managed by Hamilton. Over the past 5 years, ZMID.TO returned 10.66%/yr vs 9.59%/yr for HUM.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
ZMID.TO vs. HUM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZMID.TO achieves a 17.28% return, which is significantly higher than HUM.TO's 4.67% return.
ZMID.TO
- 1D
- -0.35%
- 1M
- -0.01%
- 6M
- 9.02%
- YTD
- 17.28%
- 1Y
- 20.75%
- 3Y*
- 14.71%
- 5Y*
- 10.66%
- 10Y*
- —
HUM.TO
- 1D
- 0.63%
- 1M
- 4.74%
- 6M
- 2.45%
- YTD
- 4.67%
- 1Y
- 6.69%
- 3Y*
- 16.12%
- 5Y*
- 9.59%
- 10Y*
- —
ZMID.TO vs. HUM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZMID.TO BMO S&P US Mid Cap Index ETF | 17.28% | 0.83% | 23.12% | 14.42% | -8.41% | 21.96% | 11.85% |
HUM.TO Hamilton U.S. Mid-Cap Financials ETF | 4.67% | 4.39% | 12.82% | 23.80% | -11.26% | 41.41% | -7.95% |
Correlation
The correlation between ZMID.TO and HUM.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2020 | 0.20 |
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Return for Risk
ZMID.TO vs. HUM.TO — Risk / Return Rank
ZMID.TO
HUM.TO
ZMID.TO vs. HUM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO S&P US Mid Cap Index ETF (ZMID.TO) and Hamilton U.S. Mid-Cap Financials ETF (HUM.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.
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.
| ZMID.TO | HUM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.10 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 0.56 | +1.83 |
| Martin ratioReturn relative to average drawdown | 9.15 | 1.37 | +7.78 |
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Drawdowns
ZMID.TO vs. HUM.TO - Drawdown Comparison
The maximum ZMID.TO drawdown since its inception was -24.51%, smaller than the maximum HUM.TO drawdown of -49.06%. Use the drawdown chart below to compare losses from any high point for ZMID.TO and HUM.TO.
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Drawdown Indicators
| ZMID.TO | HUM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.51% | -49.06% | +24.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -14.68% | +5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -23.53% | -31.97% | +8.44% |
Max Drawdown (5Y)Largest decline over 5 years | -23.53% | -34.43% | +10.90% |
Current DrawdownCurrent decline from peak | -3.31% | -13.14% | +9.83% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -15.32% | +9.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 6.00% | -3.73% |
Volatility
ZMID.TO vs. HUM.TO - Volatility Comparison
BMO S&P US Mid Cap Index ETF (ZMID.TO) and Hamilton U.S. Mid-Cap Financials ETF (HUM.TO) have volatilities of 4.56% and 4.36%, 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
| ZMID.TO | HUM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 4.36% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.43% | 12.63% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 17.62% | -1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.11% | 62.07% | -43.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 63.44% | -44.05% |
Dividends
ZMID.TO vs. HUM.TO - Dividend Comparison
ZMID.TO's dividend yield for the trailing twelve months is around 0.91%, less than HUM.TO's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HUM.TO Hamilton U.S. Mid-Cap Financials ETF | 1.26% | 1.26% | 1.19% | 1.35% | 3.58% | 2.18% | 0.68% |
ZMID.TO BMO S&P US Mid Cap Index ETF | 0.91% | 1.08% | 1.14% | 1.67% | 1.39% | 1.03% | 1.24% |
Frequently Asked Questions
ZMID.TO and HUM.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZMID.TO is categorized as Mid Cap Blend Equities, while HUM.TO is Financials Equities. They also come from different issuers: BMO and Hamilton.
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