ZMMK.TO vs. HSUV-U.TO
ZMMK.TO (BMO Money Market Fund ETF Series) and HSUV-U.TO (Global X USD Cash Maximizer Corporate Class ETF) are both Money Market funds. Both are actively managed. Over the past 3 years, ZMMK.TO returned 3.85%/yr vs 5.79%/yr for HSUV-U.TO. At a correlation of -0.02, they often move in opposite directions. ZMMK.TO charges 0.13%/yr vs 0.18%/yr for HSUV-U.TO.
Performance
ZMMK.TO vs. HSUV-U.TO - Performance Comparison
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Different Trading Currencies
ZMMK.TO is traded in CAD, while HSUV-U.TO is traded in USD. To make them comparable, the HSUV-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 0.95% return, which is significantly lower than HSUV-U.TO's 2.74% return.
ZMMK.TO
- 1D
- -0.01%
- 1M
- 0.19%
- YTD
- 0.95%
- 6M
- 1.13%
- 1Y
- 2.48%
- 3Y*
- 3.85%
- 5Y*
- —
- 10Y*
- —
HSUV-U.TO
- 1D
- 0.48%
- 1M
- 2.55%
- YTD
- 2.74%
- 6M
- 1.46%
- 1Y
- 5.10%
- 3Y*
- 5.79%
- 5Y*
- 6.53%
- 10Y*
- —
ZMMK.TO vs. HSUV-U.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% |
HSUV-U.TO Global X USD Cash Maximizer Corporate Class ETF | 2.74% | -0.73% | 13.87% | 3.14% | 9.21% | -1.26% |
Correlation
The correlation between ZMMK.TO and HSUV-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 | -0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | -0.02 |
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Return for Risk
ZMMK.TO vs. HSUV-U.TO — Risk / Return Rank
ZMMK.TO
HSUV-U.TO
ZMMK.TO vs. HSUV-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 Global X USD Cash Maximizer Corporate Class ETF (HSUV-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 | HSUV-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.60 | ||
| Sortino ratioReturn per unit of downside risk | +22.45 | ||
| Omega ratioGain probability vs. loss probability | 5.45 | 1.19 | +4.26 |
| Calmar ratioReturn relative to maximum drawdown | 82.88 | 1.32 | +81.56 |
| Martin ratioReturn relative to average drawdown | 377.25 | 3.73 | +373.52 |
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 | HSUV-U.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.66 | 1.06 | +8.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.29 | 0.54 | +9.75 |
Drawdowns
ZMMK.TO vs. HSUV-U.TO - Drawdown Comparison
The maximum ZMMK.TO drawdown since its inception was -0.16%, smaller than the maximum HSUV-U.TO drawdown of -11.40%. Use the drawdown chart below to compare losses from any high point for ZMMK.TO and HSUV-U.TO.
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Drawdown Indicators
| ZMMK.TO | HSUV-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.16% | -11.40% | +11.24% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -3.88% | +3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -5.55% | +5.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.55% | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -3.24% | +3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.37% | -1.36% |
Volatility
ZMMK.TO vs. HSUV-U.TO - Volatility Comparison
The current volatility for BMO Money Market Fund ETF Series (ZMMK.TO) is 0.06%, while Global X USD Cash Maximizer Corporate Class ETF (HSUV-U.TO) has a volatility of 0.79%. This indicates that ZMMK.TO experiences smaller price fluctuations and is considered to be less risky than HSUV-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 | HSUV-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 0.79% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 3.64% | -3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.26% | 4.82% | -4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.34% | 6.42% | -6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.34% | 6.41% | -6.07% |
ZMMK.TO vs. HSUV-U.TO - Expense Ratio Comparison
ZMMK.TO has a 0.13% expense ratio, which is lower than HSUV-U.TO's 0.18% 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. HSUV-U.TO - Dividend Comparison
ZMMK.TO's dividend yield for the trailing twelve months is around 2.53%, while HSUV-U.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HSUV-U.TO Global X USD Cash Maximizer Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 HSUV-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 0.18% for HSUV-U.TO.
They also come from different issuers: BMO and Global X. Their fees differ too: 0.13% for ZMMK.TO and 0.18% for HSUV-U.TO.
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