ZUCM.TO vs. CASH.TO
ZUCM.TO (BMO USD Cash Management ETF) and CASH.TO (Global X High Interest Savings ETF) are both Money Market funds. Both are actively managed. Over the past year, ZUCM.TO returned 5.27% vs 2.22% for CASH.TO. At a correlation of -0.07, they often move in opposite directions. ZUCM.TO charges 0.14%/yr vs 0.11%/yr for CASH.TO.
Performance
ZUCM.TO vs. CASH.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZUCM.TO achieves a 2.78% return, which is significantly higher than CASH.TO's 0.83% return.
ZUCM.TO
- 1D
- 0.39%
- 1M
- 2.35%
- YTD
- 2.78%
- 6M
- 1.28%
- 1Y
- 5.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CASH.TO
- 1D
- 0.00%
- 1M
- 0.15%
- YTD
- 0.83%
- 6M
- 1.01%
- 1Y
- 2.22%
- 3Y*
- 3.62%
- 5Y*
- —
- 10Y*
- —
ZUCM.TO vs. CASH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZUCM.TO BMO USD Cash Management ETF | 2.78% | -0.61% | 14.39% | -1.38% |
CASH.TO Global X High Interest Savings ETF | 0.83% | 2.45% | 4.53% | 1.27% |
Correlation
The correlation between ZUCM.TO and CASH.TO is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023 | -0.07 |
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
ZUCM.TO vs. CASH.TO — Risk / Return Rank
ZUCM.TO
CASH.TO
ZUCM.TO vs. CASH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO USD Cash Management ETF (ZUCM.TO) and Global X High Interest Savings ETF (CASH.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.
| ZUCM.TO | CASH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.13 | ||
| Sortino ratioReturn per unit of downside risk | -30.83 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 7.47 | -6.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 111.49 | -110.05 |
| Martin ratioReturn relative to average drawdown | 3.82 | 468.24 | -464.42 |
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
| ZUCM.TO | CASH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 10.33 | -9.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 5.52 | -4.49 |
Drawdowns
ZUCM.TO vs. CASH.TO - Drawdown Comparison
The maximum ZUCM.TO drawdown since its inception was -5.81%, which is greater than CASH.TO's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for ZUCM.TO and CASH.TO.
Loading charts...
Drawdown Indicators
| ZUCM.TO | CASH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.81% | -0.80% | -5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -0.02% | -3.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.06% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -0.00% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.00% | +1.38% |
Volatility
ZUCM.TO vs. CASH.TO - Volatility Comparison
BMO USD Cash Management ETF (ZUCM.TO) has a higher volatility of 0.75% compared to Global X High Interest Savings ETF (CASH.TO) at 0.06%. This indicates that ZUCM.TO's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZUCM.TO | CASH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.06% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 0.13% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.43% | 0.22% | +4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 0.61% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 0.61% | +4.73% |
ZUCM.TO vs. CASH.TO - Expense Ratio Comparison
ZUCM.TO has a 0.14% expense ratio, which is higher than CASH.TO's 0.11% 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%.
Dividends
ZUCM.TO vs. CASH.TO - Dividend Comparison
ZUCM.TO's dividend yield for the trailing twelve months is around 3.81%, more than CASH.TO's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 2.19% | 2.53% | 4.37% | 5.06% | 2.30% | 0.10% |
ZUCM.TO BMO USD Cash Management ETF | 3.81% | 4.19% | 4.88% | 1.40% | 0.00% | 0.00% |
Frequently Asked Questions
ZUCM.TO and CASH.TO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CASH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CASH.TO is cheaper with a 0.11% expense ratio, compared with 0.14% for ZUCM.TO.
They also come from different issuers: BMO and Global X. Their fees differ too: 0.14% for ZUCM.TO and 0.11% for CASH.TO.
Find the right allocation for ZUCM.TO and CASH.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