ZMMK.TO vs. TD.TO
ZMMK.TO (BMO Money Market Fund ETF Series) is Money Market fund actively managed by BMO, while TD.TO (The Toronto-Dominion Bank) is a stock. Over the past 3 years, ZMMK.TO returned 3.85%/yr vs 32.19%/yr for TD.TO. At a 0.00 correlation, their price movements are largely independent.
Performance
ZMMK.TO vs. TD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZMMK.TO achieves a 0.99% return, which is significantly lower than TD.TO's 25.29% return.
ZMMK.TO
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 0.99%
- 6M
- 1.15%
- 1Y
- 2.48%
- 3Y*
- 3.85%
- 5Y*
- —
- 10Y*
- —
TD.TO
- 1D
- 1.10%
- 1M
- 8.52%
- YTD
- 25.29%
- 6M
- 32.68%
- 1Y
- 71.58%
- 3Y*
- 32.19%
- 5Y*
- 17.78%
- 10Y*
- 15.57%
ZMMK.TO vs. TD.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% |
TD.TO The Toronto-Dominion Bank | 25.29% | 77.06% | -6.05% | 2.34% | -6.01% | 0.50% |
Correlation
The correlation between ZMMK.TO and TD.TO is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.00 |
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Return for Risk
ZMMK.TO vs. TD.TO — Risk / Return Rank
ZMMK.TO
TD.TO
ZMMK.TO vs. TD.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 The Toronto-Dominion Bank (TD.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 | TD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.43 | ||
| Sortino ratioReturn per unit of downside risk | +16.60 | ||
| Omega ratioGain probability vs. loss probability | 5.37 | 1.83 | +3.54 |
| Calmar ratioReturn relative to maximum drawdown | 62.17 | 10.77 | +51.40 |
| Martin ratioReturn relative to average drawdown | 353.74 | 45.21 | +308.53 |
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 | TD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.19 | 4.75 | +4.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.21 | 0.61 | +9.59 |
Drawdowns
ZMMK.TO vs. TD.TO - Drawdown Comparison
The maximum ZMMK.TO drawdown since its inception was -0.16%, smaller than the maximum TD.TO drawdown of -52.42%. Use the drawdown chart below to compare losses from any high point for ZMMK.TO and TD.TO.
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Drawdown Indicators
| ZMMK.TO | TD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.16% | -52.42% | +52.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -6.68% | +6.64% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -15.04% | +14.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.80% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -7.29% | +7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.59% | -1.58% |
Volatility
ZMMK.TO vs. TD.TO - Volatility Comparison
The current volatility for BMO Money Market Fund ETF Series (ZMMK.TO) is 0.07%, while The Toronto-Dominion Bank (TD.TO) has a volatility of 5.24%. This indicates that ZMMK.TO experiences smaller price fluctuations and is considered to be less risky than TD.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 | TD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 5.24% | -5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 0.19% | 11.86% | -11.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 15.16% | -14.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.34% | 17.16% | -16.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.34% | 19.29% | -18.95% |
Dividends
ZMMK.TO vs. TD.TO - Dividend Comparison
ZMMK.TO's dividend yield for the trailing twelve months is around 2.53%, less than TD.TO's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TD.TO The Toronto-Dominion Bank | 2.67% | 3.25% | 5.33% | 4.48% | 4.06% | 3.26% | 4.32% | 3.97% | 3.85% | 3.19% | 3.26% | 3.69% |
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 TD.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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