ZMMK.TO vs. BND.TO
ZMMK.TO (BMO Money Market Fund ETF Series) and BND.TO (Purpose Global Bond Fund) are both exchange-traded funds - ZMMK.TO is a Money Market fund actively managed by BMO, while BND.TO is a fund fund. Over the past 3 years, ZMMK.TO returned 3.85%/yr vs 7.22%/yr for BND.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
ZMMK.TO vs. BND.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZMMK.TO achieves a 0.95% return, which is significantly higher than BND.TO's 0.89% return.
ZMMK.TO
- 1D
- -0.01%
- 1M
- 0.19%
- YTD
- 0.95%
- 6M
- 1.13%
- 1Y
- 2.48%
- 3Y*
- 3.85%
- 5Y*
- —
- 10Y*
- —
BND.TO
- 1D
- -0.28%
- 1M
- 0.77%
- YTD
- 0.89%
- 6M
- 1.18%
- 1Y
- 6.14%
- 3Y*
- 7.22%
- 5Y*
- 3.27%
- 10Y*
- 3.00%
ZMMK.TO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZMMK.TO BMO Money Market Fund ETF Series | 0.95% | 2.77% | 4.94% | 4.86% | 1.99% | 0.04% |
BND.TO Purpose Global Bond Fund | 0.89% | 7.23% | 7.49% | 8.45% | -7.80% | 0.58% |
Correlation
The correlation between ZMMK.TO and BND.TO is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.01 |
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Return for Risk
ZMMK.TO vs. BND.TO — Risk / Return Rank
ZMMK.TO
BND.TO
ZMMK.TO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Money Market Fund ETF Series (ZMMK.TO) and Purpose Global Bond Fund (BND.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.
| ZMMK.TO | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.65 | ||
| Sortino ratioReturn per unit of downside risk | +20.99 | ||
| Omega ratioGain probability vs. loss probability | 5.45 | 1.38 | +4.07 |
| Calmar ratioReturn relative to maximum drawdown | 82.88 | 2.17 | +80.71 |
| Martin ratioReturn relative to average drawdown | 377.25 | 8.87 | +368.38 |
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
| ZMMK.TO | BND.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.66 | 2.02 | +7.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.29 | 0.61 | +9.68 |
Drawdowns
ZMMK.TO vs. BND.TO - Drawdown Comparison
The maximum ZMMK.TO drawdown since its inception was -0.16%, smaller than the maximum BND.TO drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for ZMMK.TO and BND.TO.
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Drawdown Indicators
| ZMMK.TO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.16% | -16.55% | +16.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -2.84% | +2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -4.46% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.55% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.45% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -2.07% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.69% | -0.68% |
Volatility
ZMMK.TO vs. BND.TO - Volatility Comparison
The current volatility for BMO Money Market Fund ETF Series (ZMMK.TO) is 0.06%, while Purpose Global Bond Fund (BND.TO) has a volatility of 1.35%. This indicates that ZMMK.TO experiences smaller price fluctuations and is considered to be less risky than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZMMK.TO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 1.35% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 2.52% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.26% | 3.06% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.34% | 5.10% | -4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.34% | 5.15% | -4.81% |
Dividends
ZMMK.TO vs. BND.TO - Dividend Comparison
ZMMK.TO's dividend yield for the trailing twelve months is around 2.53%, less than BND.TO's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.86% | 5.70% | 5.24% | 5.20% | 4.14% | 3.89% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
ZMMK.TO BMO Money Market Fund ETF Series | 2.53% | 3.02% | 4.66% | 4.98% | 1.95% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZMMK.TO and BND.TO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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