ZMMK.TO vs. HISU-U.TO
ZMMK.TO (BMO Money Market Fund ETF Series) and HISU-U.TO (Evolve US High Interest Savings Account Fund) are both Money Market funds. Both are actively managed. Over the past 3 years, ZMMK.TO returned 3.86%/yr vs 4.56%/yr for HISU-U.TO. At a correlation of -0.04, they often move in opposite directions. ZMMK.TO charges 0.13%/yr vs 0.15%/yr for HISU-U.TO.
Performance
ZMMK.TO vs. HISU-U.TO - Performance Comparison
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Different Trading Currencies
ZMMK.TO is traded in CAD, while HISU-U.TO is traded in USD. To make them comparable, the HISU-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZMMK.TO achieves a 0.99% return, which is significantly lower than HISU-U.TO's 2.44% return.
ZMMK.TO
- 1D
- 0.04%
- 1M
- 0.19%
- YTD
- 0.99%
- 6M
- 1.17%
- 1Y
- 2.50%
- 3Y*
- 3.86%
- 5Y*
- —
- 10Y*
- —
HISU-U.TO
- 1D
- 0.11%
- 1M
- 2.34%
- YTD
- 2.44%
- 6M
- 0.91%
- 1Y
- 4.50%
- 3Y*
- 4.56%
- 5Y*
- —
- 10Y*
- —
ZMMK.TO vs. HISU-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZMMK.TO BMO Money Market Fund ETF Series | 0.99% | 2.77% | 4.94% | 4.86% | 1.29% |
HISU-U.TO Evolve US High Interest Savings Account Fund | 2.44% | -1.75% | 12.72% | 1.60% | 4.39% |
Correlation
The correlation between ZMMK.TO and HISU-U.TO is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022 | -0.04 |
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Return for Risk
ZMMK.TO vs. HISU-U.TO — Risk / Return Rank
ZMMK.TO
HISU-U.TO
ZMMK.TO vs. HISU-U.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 Evolve US High Interest Savings Account Fund (HISU-U.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 | HISU-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.70 | ||
| Sortino ratioReturn per unit of downside risk | +22.74 | ||
| Omega ratioGain probability vs. loss probability | 5.48 | 1.18 | +4.31 |
| Calmar ratioReturn relative to maximum drawdown | 83.57 | 1.13 | +82.44 |
| Martin ratioReturn relative to average drawdown | 380.38 | 2.94 | +377.44 |
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 | HISU-U.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.68 | 0.99 | +8.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.31 | 0.85 | +9.46 |
Drawdowns
ZMMK.TO vs. HISU-U.TO - Drawdown Comparison
The maximum ZMMK.TO drawdown since its inception was -0.16%, smaller than the maximum HISU-U.TO drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for ZMMK.TO and HISU-U.TO.
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Drawdown Indicators
| ZMMK.TO | HISU-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.16% | -5.49% | +5.33% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -4.01% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -5.49% | +5.41% |
Current DrawdownCurrent decline from peak | 0.00% | -0.58% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -1.78% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.54% | -1.53% |
Volatility
ZMMK.TO vs. HISU-U.TO - Volatility Comparison
The current volatility for BMO Money Market Fund ETF Series (ZMMK.TO) is 0.06%, while Evolve US High Interest Savings Account Fund (HISU-U.TO) has a volatility of 0.86%. This indicates that ZMMK.TO experiences smaller price fluctuations and is considered to be less risky than HISU-U.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 | HISU-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 0.86% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 3.45% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.26% | 4.59% | -4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.34% | 5.94% | -5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.34% | 5.94% | -5.60% |
ZMMK.TO vs. HISU-U.TO - Expense Ratio Comparison
ZMMK.TO has a 0.13% expense ratio, which is lower than HISU-U.TO's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZMMK.TO vs. HISU-U.TO - Dividend Comparison
ZMMK.TO's dividend yield for the trailing twelve months is around 2.53%, less than HISU-U.TO's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HISU-U.TO Evolve US High Interest Savings Account Fund | 2.74% | 2.93% | 3.70% | 3.85% | 0.90% | 0.00% |
ZMMK.TO BMO Money Market Fund ETF Series | 2.53% | 3.02% | 4.66% | 4.98% | 1.95% | 0.04% |
Frequently Asked Questions
ZMMK.TO and HISU-U.TO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZMMK.TO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZMMK.TO is cheaper with a 0.13% expense ratio, compared with 0.15% for HISU-U.TO.
They also come from different issuers: BMO and Evolve. Their fees differ too: 0.13% for ZMMK.TO and 0.15% for HISU-U.TO.
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