ZQQ.TO vs. ZMMK.TO
ZQQ.TO (BMO NASDAQ 100 Equity (CAD Hedged)) and ZMMK.TO (BMO Money Market Fund ETF Series) are both exchange-traded funds - ZQQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while ZMMK.TO is a Money Market fund actively managed by BMO. ZQQ.TO is passively managed, while ZMMK.TO is actively managed. Over the past 3 years, ZQQ.TO returned 26.42%/yr vs 3.85%/yr for ZMMK.TO. At a 0.04 correlation, their price movements are largely independent. ZQQ.TO charges 0.39%/yr vs 0.13%/yr for ZMMK.TO.
Performance
ZQQ.TO vs. ZMMK.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZQQ.TO achieves a 19.82% return, which is significantly higher than ZMMK.TO's 0.95% return.
ZQQ.TO
- 1D
- -0.28%
- 1M
- 10.63%
- YTD
- 19.82%
- 6M
- 18.08%
- 1Y
- 38.53%
- 3Y*
- 26.42%
- 5Y*
- 16.12%
- 10Y*
- 20.08%
ZMMK.TO
- 1D
- -0.01%
- 1M
- 0.19%
- YTD
- 0.95%
- 6M
- 1.13%
- 1Y
- 2.48%
- 3Y*
- 3.85%
- 5Y*
- —
- 10Y*
- —
ZQQ.TO vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged) | 19.82% | 18.38% | 24.00% | 52.52% | -33.75% | 1.98% |
ZMMK.TO BMO Money Market Fund ETF Series | 0.95% | 2.77% | 4.94% | 4.86% | 1.99% | 0.04% |
Correlation
The correlation between ZQQ.TO and ZMMK.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZQQ.TO vs. ZMMK.TO — Risk / Return Rank
ZQQ.TO
ZMMK.TO
ZQQ.TO vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) and BMO Money Market Fund ETF Series (ZMMK.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.
| ZQQ.TO | ZMMK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.20 | ||
| Sortino ratioReturn per unit of downside risk | -20.67 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 5.45 | -4.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 82.88 | -79.87 |
| Martin ratioReturn relative to average drawdown | 11.25 | 377.25 | -366.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZQQ.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 9.66 | -7.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 10.29 | -9.39 |
Drawdowns
ZQQ.TO vs. ZMMK.TO - Drawdown Comparison
The maximum ZQQ.TO drawdown since its inception was -36.39%, which is greater than ZMMK.TO's maximum drawdown of -0.16%. Use the drawdown chart below to compare losses from any high point for ZQQ.TO and ZMMK.TO.
Loading charts...
Drawdown Indicators
| ZQQ.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -0.16% | -36.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -0.03% | -12.83% |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | -0.08% | -22.71% |
Max Drawdown (5Y)Largest decline over 5 years | -36.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.02% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -0.00% | -5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 0.01% | +3.42% |
Volatility
ZQQ.TO vs. ZMMK.TO - Volatility Comparison
BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) has a higher volatility of 4.54% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.06%. This indicates that ZQQ.TO's price experiences larger fluctuations and is considered to be riskier than ZMMK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZQQ.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 0.06% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 0.18% | +11.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.73% | 0.26% | +15.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.57% | 0.34% | +22.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 0.34% | +22.07% |
ZQQ.TO vs. ZMMK.TO - Expense Ratio Comparison
ZQQ.TO has a 0.39% expense ratio, which is higher than ZMMK.TO's 0.13% expense ratio.
Dividends
ZQQ.TO vs. ZMMK.TO - Dividend Comparison
ZQQ.TO's dividend yield for the trailing twelve months is around 0.22%, less than ZMMK.TO's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged) | 0.22% | 0.27% | 0.37% | 0.32% | 0.45% | 0.14% | 0.41% | 0.51% | 0.64% | 0.57% | 1.60% | 0.81% |
Frequently Asked Questions
ZQQ.TO and ZMMK.TO have a correlation of 0.11, 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 0.39% for ZQQ.TO.
ZQQ.TO is categorized as Nasdaq-100, while ZMMK.TO is Money Market. Their fees differ too: 0.39% for ZQQ.TO and 0.13% for ZMMK.TO.
Find the right allocation for ZQQ.TO and ZMMK.TO
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