ZMMK.TO vs. SGOV
Compare and contrast key facts about BMO Money Market Fund ETF Series (ZMMK.TO) and iShares 0-3 Month Treasury Bond ETF (SGOV).
ZMMK.TO and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZMMK.TO is an actively managed fund by BMO. It was launched on Nov 28, 2021. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZMMK.TO or SGOV.
Correlation
The correlation between ZMMK.TO and SGOV is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ZMMK.TO vs. SGOV - Performance Comparison
Key characteristics
ZMMK.TO:
14.21
SGOV:
22.26
ZMMK.TO:
45.71
SGOV:
502.74
ZMMK.TO:
16.36
SGOV:
503.74
ZMMK.TO:
76.03
SGOV:
515.46
ZMMK.TO:
527.04
SGOV:
8,182.71
ZMMK.TO:
0.01%
SGOV:
0.00%
ZMMK.TO:
0.32%
SGOV:
0.23%
ZMMK.TO:
-0.16%
SGOV:
-0.03%
ZMMK.TO:
0.00%
SGOV:
0.00%
Returns By Period
In the year-to-date period, ZMMK.TO achieves a 0.40% return, which is significantly lower than SGOV's 0.58% return.
ZMMK.TO
0.40%
0.28%
2.00%
4.54%
N/A
N/A
SGOV
0.58%
0.35%
2.36%
5.11%
N/A
N/A
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ZMMK.TO vs. SGOV - Expense Ratio Comparison
ZMMK.TO has a 0.13% expense ratio, which is higher than SGOV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ZMMK.TO vs. SGOV — Risk-Adjusted Performance Rank
ZMMK.TO
SGOV
ZMMK.TO vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Money Market Fund ETF Series (ZMMK.TO) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
Dividends
ZMMK.TO vs. SGOV - Dividend Comparison
ZMMK.TO's dividend yield for the trailing twelve months is around 4.54%, less than SGOV's 4.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
ZMMK.TO BMO Money Market Fund ETF Series | 4.54% | 4.66% | 4.98% | 1.95% | 0.04% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.99% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
ZMMK.TO vs. SGOV - Drawdown Comparison
The maximum ZMMK.TO drawdown since its inception was -0.16%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for ZMMK.TO and SGOV. For additional features, visit the drawdowns tool.
Volatility
ZMMK.TO vs. SGOV - Volatility Comparison
BMO Money Market Fund ETF Series (ZMMK.TO) has a higher volatility of 1.66% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that ZMMK.TO's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.