ZST.TO vs. MNY

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Ultra Short-Term Bond ETF (ZST.TO) and MoneyHero Limited Class A Ordinary Shares (MNY).

ZST.TO is an actively managed fund by BMO. It was launched on Jan 27, 2011.

Performance

ZST.TO vs. MNY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Ultra Short-Term Bond ETF (ZST.TO) and MoneyHero Limited Class A Ordinary Shares (MNY). The values are adjusted to include any dividend payments, if applicable.

ZST.TO vs. MNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ZST.TO BMO Ultra Short-Term Bond ETF	0.59%	2.03%	5.16%	1.45%
MNY MoneyHero Limited Class A Ordinary Shares	6.18%	7.34%	-29.29%	-50.20%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, ZST.TO achieves a 0.59% return, which is significantly lower than MNY's 6.18% return.

ZST.TO

• 1D: 0.06%
• 1M: 0.21%
• YTD: 0.59%
• 6M: 0.20%
• 1Y: 1.71%
• 3Y*: 3.95%
• 5Y*: 2.86%
• 10Y*: 2.32%

MNY

• 1D: -0.11%
• 1M: -5.21%
• YTD: 6.18%
• 6M: -7.78%
• 1Y: 65.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ZST.TO vs. MNY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZST.TO

ZST.TO Risk / Return Rank: 74
ZST.TO Sharpe Ratio Rank: 83
ZST.TO Sortino Ratio Rank: 68
ZST.TO Omega Ratio Rank: 98
ZST.TO Calmar Ratio Rank: 70
ZST.TO Martin Ratio Rank: 52

MNY

MNY Risk / Return Rank: 70
MNY Sharpe Ratio Rank: 70
MNY Sortino Ratio Rank: 74
MNY Omega Ratio Rank: 73
MNY Calmar Ratio Rank: 70
MNY Martin Ratio Rank: 63

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.

ZST.TO vs. MNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Ultra Short-Term Bond ETF (ZST.TO) and MoneyHero Limited Class A Ordinary Shares (MNY). 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.

	ZST.TO	MNY	Difference
Sharpe ratio Return per unit of total volatility	1.57	0.73	+0.84
Sortino ratio Return per unit of downside risk	1.66	1.67	-0.01
Omega ratio Gain probability vs. loss probability	1.78	1.22	+0.56
Calmar ratio Return relative to maximum drawdown	1.72	1.28	+0.43
Martin ratio Return relative to average drawdown	4.78	2.08	+2.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZST.TO vs. MNY - Sharpe Ratio Comparison

The current ZST.TO Sharpe Ratio is 1.57, which is higher than the MNY Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of ZST.TO and MNY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZST.TO	MNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	0.73	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.99	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	3.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.79	-0.24	+2.03

Correlation

The correlation between ZST.TO and MNY is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ZST.TO vs. MNY - Dividend Comparison

ZST.TO's dividend yield for the trailing twelve months is around 2.62%, while MNY has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ZST.TO BMO Ultra Short-Term Bond ETF	2.62%	2.82%	4.65%	4.79%	2.75%	2.29%	2.65%	2.82%	3.43%	4.05%	3.92%	3.90%
MNY MoneyHero Limited Class A Ordinary Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ZST.TO vs. MNY - Drawdown Comparison

The maximum ZST.TO drawdown since its inception was -1.06%, smaller than the maximum MNY drawdown of -84.15%. Use the drawdown chart below to compare losses from any high point for ZST.TO and MNY.

Drawdown Indicators

	ZST.TO	MNY	Difference
Max Drawdown Largest peak-to-trough decline	-1.06%	-84.92%	+83.86%
Max Drawdown (1Y) Largest decline over 1 year	-1.01%	-49.55%	+48.54%
Max Drawdown (5Y) Largest decline over 5 years	-1.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-1.06%	—	—
Current Drawdown Current decline from peak	-0.40%	-67.25%	+66.85%
Average Drawdown Average peak-to-trough decline	-0.13%	-64.58%	+64.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	30.06%	-29.70%

Volatility

ZST.TO vs. MNY - Volatility Comparison

The current volatility for BMO Ultra Short-Term Bond ETF (ZST.TO) is 0.15%, while MoneyHero Limited Class A Ordinary Shares (MNY) has a volatility of 12.04%. This indicates that ZST.TO experiences smaller price fluctuations and is considered to be less risky than MNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZST.TO	MNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.15%	12.04%	-11.89%
Volatility (6M) Calculated over the trailing 6-month period	1.05%	50.76%	-49.71%
Volatility (1Y) Calculated over the trailing 1-year period	1.09%	91.04%	-89.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.72%	129.19%	-128.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.72%	129.19%	-128.47%