ZMMK.TO vs. XINC.TO
ZMMK.TO (BMO Money Market Fund ETF Series) and XINC.TO (iShares Core Income Balanced ETF Portfolio) are both exchange-traded funds - ZMMK.TO is a Money Market fund actively managed by BMO, while XINC.TO is a Diversified Portfolio fund actively managed by iShares. Both are actively managed. Over the past 3 years, ZMMK.TO returned 3.86%/yr vs 7.73%/yr for XINC.TO. At a 0.01 correlation, their price movements are largely independent. ZMMK.TO charges 0.13%/yr vs 0.20%/yr for XINC.TO.
Performance
ZMMK.TO vs. XINC.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 XINC.TO's 3.53% return.
ZMMK.TO
- 1D
- 0.04%
- 1M
- 0.19%
- YTD
- 0.99%
- 6M
- 1.17%
- 1Y
- 2.50%
- 3Y*
- 3.86%
- 5Y*
- —
- 10Y*
- —
XINC.TO
- 1D
- 0.09%
- 1M
- 2.26%
- YTD
- 3.53%
- 6M
- 3.10%
- 1Y
- 8.23%
- 3Y*
- 7.73%
- 5Y*
- 3.19%
- 10Y*
- —
ZMMK.TO vs. XINC.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% |
XINC.TO iShares Core Income Balanced ETF Portfolio | 3.53% | 6.71% | 7.76% | 8.51% | -11.25% | 0.23% |
Correlation
The correlation between ZMMK.TO and XINC.TO is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.01 |
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Return for Risk
ZMMK.TO vs. XINC.TO — Risk / Return Rank
ZMMK.TO
XINC.TO
ZMMK.TO vs. XINC.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 iShares Core Income Balanced ETF Portfolio (XINC.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 | XINC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.01 | ||
| Sortino ratioReturn per unit of downside risk | +21.68 | ||
| Omega ratioGain probability vs. loss probability | 5.48 | 1.33 | +4.16 |
| Calmar ratioReturn relative to maximum drawdown | 83.57 | 2.26 | +81.31 |
| Martin ratioReturn relative to average drawdown | 380.38 | 8.54 | +371.84 |
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 | XINC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.68 | 1.68 | +8.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.31 | 0.56 | +9.75 |
Drawdowns
ZMMK.TO vs. XINC.TO - Drawdown Comparison
The maximum ZMMK.TO drawdown since its inception was -0.16%, smaller than the maximum XINC.TO drawdown of -15.40%. Use the drawdown chart below to compare losses from any high point for ZMMK.TO and XINC.TO.
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Drawdown Indicators
| ZMMK.TO | XINC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.16% | -15.40% | +15.24% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -3.65% | +3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -4.36% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.40% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.05% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -3.74% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.97% | -0.96% |
Volatility
ZMMK.TO vs. XINC.TO - Volatility Comparison
The current volatility for BMO Money Market Fund ETF Series (ZMMK.TO) is 0.06%, while iShares Core Income Balanced ETF Portfolio (XINC.TO) has a volatility of 1.92%. This indicates that ZMMK.TO experiences smaller price fluctuations and is considered to be less risky than XINC.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 | XINC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 1.92% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 4.13% | -3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.26% | 4.93% | -4.67% |
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% | 6.73% | -6.39% |
ZMMK.TO vs. XINC.TO - Expense Ratio Comparison
ZMMK.TO has a 0.13% expense ratio, which is lower than XINC.TO's 0.20% 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. XINC.TO - Dividend Comparison
ZMMK.TO's dividend yield for the trailing twelve months is around 2.53%, less than XINC.TO's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
XINC.TO iShares Core Income Balanced ETF Portfolio | 3.19% | 3.16% | 2.81% | 2.87% | 2.54% | 2.02% | 2.40% | 0.93% |
ZMMK.TO BMO Money Market Fund ETF Series | 2.53% | 3.02% | 4.66% | 4.98% | 1.95% | 0.04% | 0.00% | 0.00% |
Frequently Asked Questions
ZMMK.TO and XINC.TO have a correlation of 0.04, 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 0.20% for XINC.TO.
ZMMK.TO is categorized as Money Market, while XINC.TO is Diversified Portfolio. They also come from different issuers: BMO and iShares. Their fees differ too: 0.13% for ZMMK.TO and 0.20% for XINC.TO.
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