PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ZNQ.TO vs. BMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZNQ.TO vs. BMO

Last updated Jun 4, 2026

ZNQ.TO (BMO NASDAQ 100 Equity Index ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while BMO (Bank of Montreal) is a stock. Over the past 5 years, ZNQ.TO returned 20.92%/yr vs 17.56%/yr for BMO. At a 0.30 correlation, their price movements are largely independent.

Performance

ZNQ.TO vs. BMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) and Bank of Montreal (BMO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

ZNQ.TO is traded in CAD, while BMO is traded in USD. To make them comparable, the BMO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZNQ.TO achieves a 22.76% return, which is significantly lower than BMO's 30.71% return.

ZNQ.TO

1D
0.25%
1M
13.05%
YTD
22.76%
6M
18.72%
1Y
42.93%
3Y*
29.76%
5Y*
20.92%
10Y*
—

BMO

1D
0.00%
1M
12.03%
YTD
30.71%
6M
31.64%
1Y
60.56%
3Y*
31.17%
5Y*
17.56%
10Y*
15.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZNQ.TO vs. BMO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ZNQ.TO
BMO NASDAQ 100 Equity Index ETF		22.76%14.60%35.84%51.32%-28.06%26.59%44.65%22.90%
BMO
Bank of Montreal		28.82%33.19%11.82%12.70%-6.17%46.81%1.59%5.96%

Correlation

The correlation between ZNQ.TO and BMO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (5Y)
Calculated over the trailing 5-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Feb 13, 2019

0.30

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO NASDAQ 100 Equity Index ETF

Bank of Montreal

Often compared with ZNQ.TO:
ZNQ.TO vs. ZQQ.TOZNQ.TO vs. QQC.TOZNQ.TO vs. HXQ.TOZNQ.TO vs. TEC.TOZNQ.TO vs. VFV.TOZNQ.TO vs. QQQZNQ.TO vs. ZSP.TO
Often compared with BMO:
BMO vs. TDBMO vs. BNSBMO vs. ryBMO vs. RYBMO vs. VOOBMO vs. CMBMO vs. JPM

Return for Risk

ZNQ.TO vs. BMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZNQ.TO
ZNQ.TO Risk / Return Rank: 7474
Overall Rank
ZNQ.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
ZNQ.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
ZNQ.TO Omega Ratio Rank: 7979
Omega Ratio Rank
ZNQ.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
ZNQ.TO Martin Ratio Rank: 6060
Martin Ratio Rank
BMO
BMO Risk / Return Rank: 9393
Overall Rank
BMO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
BMO Sortino Ratio Rank: 9494
Sortino Ratio Rank
BMO Omega Ratio Rank: 9393
Omega Ratio Rank
BMO Calmar Ratio Rank: 9090
Calmar Ratio Rank
BMO Martin Ratio Rank: 9494
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZNQ.TO vs. BMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) and Bank of Montreal (BMO). 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.

ZNQ.TOBMODifference
Sharpe ratioReturn per unit of total volatility
2.75
3.48

-0.73

Sortino ratioReturn per unit of downside risk
3.58
4.50

-0.93

Omega ratioGain probability vs. loss probability

1.48

1.61

-0.12

Calmar ratioReturn relative to maximum drawdown

3.45

6.01

-2.56

Martin ratioReturn relative to average drawdown

10.86

21.65

-10.79

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZNQ.TO vs. BMO - Sharpe Ratio Comparison

The current ZNQ.TO Sharpe Ratio is 2.75, which is comparable to the BMO Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of ZNQ.TO and BMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

ZNQ.TOBMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.75

3.48

-0.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.96

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.77

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.06

0.81

+0.24

Drawdowns

ZNQ.TO vs. BMO - Drawdown Comparison

The maximum ZNQ.TO drawdown since its inception was -32.09%, smaller than the maximum BMO drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for ZNQ.TO and BMO.

Loading charts...

Drawdown Indicators

ZNQ.TOBMODifference

Max Drawdown

Largest peak-to-trough decline

-32.09%

-45.69%

+13.60%

Max Drawdown (1Y)

Largest decline over 1 year

-12.50%

-10.13%

-2.37%

Max Drawdown (3Y)

Largest decline over 3 years

-22.67%

-16.55%

-6.12%

Max Drawdown (5Y)

Largest decline over 5 years

-32.09%

-27.22%

-4.87%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.69%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-6.63%

-6.27%

-0.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.96%

2.81%

+1.15%

Volatility

ZNQ.TO vs. BMO - Volatility Comparison

The current volatility for BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) is 4.49%, while Bank of Montreal (BMO) has a volatility of 5.15%. This indicates that ZNQ.TO experiences smaller price fluctuations and is considered to be less risky than BMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ZNQ.TOBMODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

5.15%

-0.66%

Volatility (6M)

Calculated over the trailing 6-month period

11.99%

14.53%

-2.54%

Volatility (1Y)

Calculated over the trailing 1-year period

15.69%

17.49%

-1.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.81%

18.38%

+2.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.34%

20.63%

+1.71%

Dividends

ZNQ.TO vs. BMO - Dividend Comparison

ZNQ.TO's dividend yield for the trailing twelve months is around 0.20%, less than BMO's 2.96% yield.

PositionTTM20252024202320222021202020192018201720162015
BMO
Bank of Montreal		2.96%3.55%4.60%4.76%4.62%3.95%4.15%3.96%4.78%4.45%4.73%5.74%
ZNQ.TO
BMO NASDAQ 100 Equity Index ETF		0.20%0.25%0.30%0.35%0.23%0.12%0.47%0.52%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ZNQ.TO and BMO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for ZNQ.TO and BMO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer