ZMMK.TO vs. VBAL.TO
Compare and contrast key facts about BMO Money Market Fund ETF Series (ZMMK.TO) and Vanguard Balanced ETF Portfolio (VBAL.TO).
ZMMK.TO and VBAL.TO 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. VBAL.TO is an actively managed fund by Vanguard. It was launched on Jan 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZMMK.TO or VBAL.TO.
Correlation
The correlation between ZMMK.TO and VBAL.TO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ZMMK.TO vs. VBAL.TO - Performance Comparison
Key characteristics
ZMMK.TO:
14.21
VBAL.TO:
2.28
ZMMK.TO:
45.71
VBAL.TO:
3.21
ZMMK.TO:
16.36
VBAL.TO:
1.43
ZMMK.TO:
76.03
VBAL.TO:
3.50
ZMMK.TO:
527.04
VBAL.TO:
12.97
ZMMK.TO:
0.01%
VBAL.TO:
1.18%
ZMMK.TO:
0.32%
VBAL.TO:
6.69%
ZMMK.TO:
-0.16%
VBAL.TO:
-21.19%
ZMMK.TO:
0.00%
VBAL.TO:
-0.98%
Returns By Period
In the year-to-date period, ZMMK.TO achieves a 0.40% return, which is significantly lower than VBAL.TO's 2.25% return.
ZMMK.TO
0.40%
0.28%
2.00%
4.54%
N/A
N/A
VBAL.TO
2.25%
0.71%
6.61%
15.51%
6.59%
N/A
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ZMMK.TO vs. VBAL.TO - Expense Ratio Comparison
ZMMK.TO has a 0.13% expense ratio, which is lower than VBAL.TO's 0.24% 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%.
Risk-Adjusted Performance
ZMMK.TO vs. VBAL.TO — Risk-Adjusted Performance Rank
ZMMK.TO
VBAL.TO
ZMMK.TO vs. VBAL.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Money Market Fund ETF Series (ZMMK.TO) and Vanguard Balanced ETF Portfolio (VBAL.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.
Dividends
ZMMK.TO vs. VBAL.TO - Dividend Comparison
ZMMK.TO's dividend yield for the trailing twelve months is around 4.54%, more than VBAL.TO's 2.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
ZMMK.TO BMO Money Market Fund ETF Series | 4.54% | 4.66% | 4.98% | 1.95% | 0.04% | 0.00% | 0.00% | 0.00% |
VBAL.TO Vanguard Balanced ETF Portfolio | 2.24% | 2.29% | 2.34% | 2.19% | 1.93% | 1.81% | 2.23% | 2.01% |
Drawdowns
ZMMK.TO vs. VBAL.TO - Drawdown Comparison
The maximum ZMMK.TO drawdown since its inception was -0.16%, smaller than the maximum VBAL.TO drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for ZMMK.TO and VBAL.TO. For additional features, visit the drawdowns tool.
Volatility
ZMMK.TO vs. VBAL.TO - Volatility Comparison
The current volatility for BMO Money Market Fund ETF Series (ZMMK.TO) is 1.66%, while Vanguard Balanced ETF Portfolio (VBAL.TO) has a volatility of 2.00%. This indicates that ZMMK.TO experiences smaller price fluctuations and is considered to be less risky than VBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.