ZMMK.TO vs. CRT-UN.TO

Last updated Jun 9, 2026

ZMMK.TO (BMO Money Market Fund ETF Series) is Money Market fund actively managed by BMO, while CRT-UN.TO (CT Real Estate Investment Trust) is a stock. Over the past 3 years, ZMMK.TO returned 3.85%/yr vs 12.39%/yr for CRT-UN.TO. At a correlation of -0.01, they often move in opposite directions.

Performance

ZMMK.TO vs. CRT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Money Market Fund ETF Series (ZMMK.TO) and CT Real Estate Investment Trust (CRT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZMMK.TO achieves a 0.99% return, which is significantly lower than CRT-UN.TO's 11.59% return.

ZMMK.TO

• 1D: 0.00%
• 1M: 0.19%
• YTD: 0.99%
• 6M: 1.15%
• 1Y: 2.48%
• 3Y*: 3.85%
• 5Y*: —
• 10Y*: —

CRT-UN.TO

• 1D: -0.11%
• 1M: 1.42%
• YTD: 11.59%
• 6M: 15.18%
• 1Y: 16.30%
• 3Y*: 12.39%
• 5Y*: 7.05%
• 10Y*: 7.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZMMK.TO vs. CRT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ZMMK.TO BMO Money Market Fund ETF Series	0.99%	2.77%	4.94%	4.86%	1.99%	0.04%
CRT-UN.TO CT Real Estate Investment Trust	11.59%	20.98%	3.91%	-0.26%	-5.16%	3.58%

Correlation

The correlation between ZMMK.TO and CRT-UN.TO is 0.05, 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	0.05
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

Return for Risk

ZMMK.TO vs. CRT-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZMMK.TO

ZMMK.TO Risk / Return Rank: 99
ZMMK.TO Sharpe Ratio Rank: 99
ZMMK.TO Sortino Ratio Rank: 99
ZMMK.TO Omega Ratio Rank: 99
ZMMK.TO Calmar Ratio Rank: 100
ZMMK.TO Martin Ratio Rank: 100

CRT-UN.TO

CRT-UN.TO Risk / Return Rank: 77
CRT-UN.TO Sharpe Ratio Rank: 79
CRT-UN.TO Sortino Ratio Rank: 75
CRT-UN.TO Omega Ratio Rank: 71
CRT-UN.TO Calmar Ratio Rank: 81
CRT-UN.TO Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZMMK.TO vs. CRT-UN.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 CT Real Estate Investment Trust (CRT-UN.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	CRT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	9.19	1.29	+7.90
Sortino ratio: Return per unit of downside risk	22.38	1.93	+20.45
Omega ratio: Gain probability vs. loss probability	5.37	1.22	+4.15
Calmar ratio: Return relative to maximum drawdown	62.17	2.63	+59.54
Martin ratio: Return relative to average drawdown	353.74	6.86	+346.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZMMK.TO vs. CRT-UN.TO - Sharpe Ratio Comparison

The current ZMMK.TO Sharpe Ratio is 9.19, which is higher than the CRT-UN.TO Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of ZMMK.TO and CRT-UN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZMMK.TO	CRT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.19	1.29	+7.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	10.21	0.54	+9.67

Drawdowns

ZMMK.TO vs. CRT-UN.TO - Drawdown Comparison

The maximum ZMMK.TO drawdown since its inception was -0.16%, smaller than the maximum CRT-UN.TO drawdown of -45.88%. Use the drawdown chart below to compare losses from any high point for ZMMK.TO and CRT-UN.TO.

Drawdown Indicators

	ZMMK.TO	CRT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.16%	-45.88%	+45.72%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-6.24%	+6.20%
Max Drawdown (3Y) Largest decline over 3 years	-0.08%	-17.38%	+17.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.88%	—
Current Drawdown Current decline from peak	0.00%	-0.84%	+0.84%
Average Drawdown Average peak-to-trough decline	-0.00%	-6.26%	+6.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	2.38%	-2.37%

Volatility

ZMMK.TO vs. CRT-UN.TO - Volatility Comparison

The current volatility for BMO Money Market Fund ETF Series (ZMMK.TO) is 0.07%, while CT Real Estate Investment Trust (CRT-UN.TO) has a volatility of 2.78%. This indicates that ZMMK.TO experiences smaller price fluctuations and is considered to be less risky than CRT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZMMK.TO	CRT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	2.78%	-2.71%
Volatility (6M) Calculated over the trailing 6-month period	0.19%	9.36%	-9.17%
Volatility (1Y) Calculated over the trailing 1-year period	0.27%	12.74%	-12.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.34%	17.64%	-17.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.34%	20.22%	-19.88%

Dividends

ZMMK.TO vs. CRT-UN.TO - Dividend Comparison

ZMMK.TO's dividend yield for the trailing twelve months is around 2.53%, less than CRT-UN.TO's 5.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRT-UN.TO CT Real Estate Investment Trust	5.35%	5.77%	6.40%	6.04%	5.48%	4.76%	5.08%	4.71%	6.34%	4.84%	4.54%	5.11%
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

Can I hold both ZMMK.TO and CRT-UN.TO in my portfolio?

ZMMK.TO and CRT-UN.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.