ZMMK.TO vs. XSH.TO
Compare and contrast key facts about BMO Money Market Fund ETF Series (ZMMK.TO) and iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO).
ZMMK.TO and XSH.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. XSH.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 1-5Y Core Bd GR CAD. It was launched on Sep 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZMMK.TO or XSH.TO.
Correlation
The correlation between ZMMK.TO and XSH.TO is 0.89, 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. XSH.TO - Performance Comparison
Key characteristics
ZMMK.TO:
14.21
XSH.TO:
3.20
ZMMK.TO:
45.71
XSH.TO:
5.07
ZMMK.TO:
16.36
XSH.TO:
1.67
ZMMK.TO:
76.03
XSH.TO:
8.73
ZMMK.TO:
527.04
XSH.TO:
28.73
ZMMK.TO:
0.01%
XSH.TO:
0.27%
ZMMK.TO:
0.32%
XSH.TO:
2.43%
ZMMK.TO:
-0.16%
XSH.TO:
-14.24%
ZMMK.TO:
0.00%
XSH.TO:
-0.55%
Returns By Period
In the year-to-date period, ZMMK.TO achieves a 0.40% return, which is significantly lower than XSH.TO's 0.55% return.
ZMMK.TO
0.40%
0.28%
2.00%
4.54%
N/A
N/A
XSH.TO
0.55%
0.45%
3.23%
7.79%
2.73%
2.49%
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ZMMK.TO vs. XSH.TO - Expense Ratio Comparison
ZMMK.TO has a 0.13% expense ratio, which is higher than XSH.TO's 0.10% 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. XSH.TO — Risk-Adjusted Performance Rank
ZMMK.TO
XSH.TO
ZMMK.TO vs. XSH.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 iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.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. XSH.TO - Dividend Comparison
ZMMK.TO's dividend yield for the trailing twelve months is around 4.54%, more than XSH.TO's 3.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZMMK.TO BMO Money Market Fund ETF Series | 4.54% | 4.66% | 4.98% | 1.95% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 3.67% | 3.64% | 3.24% | 2.97% | 2.65% | 2.61% | 2.80% | 2.86% | 2.93% | 3.08% | 3.18% | 3.17% |
Drawdowns
ZMMK.TO vs. XSH.TO - Drawdown Comparison
The maximum ZMMK.TO drawdown since its inception was -0.16%, smaller than the maximum XSH.TO drawdown of -14.24%. Use the drawdown chart below to compare losses from any high point for ZMMK.TO and XSH.TO. For additional features, visit the drawdowns tool.
Volatility
ZMMK.TO vs. XSH.TO - Volatility Comparison
The current volatility for BMO Money Market Fund ETF Series (ZMMK.TO) is 1.66%, while iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) has a volatility of 1.81%. This indicates that ZMMK.TO experiences smaller price fluctuations and is considered to be less risky than XSH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.