ZUE.TO vs. ZMMK.TO
Compare and contrast key facts about BMO S&P 500 (CAD Hedged) (ZUE.TO) and BMO Money Market Fund ETF Series (ZMMK.TO).
ZUE.TO and ZMMK.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZUE.TO is a passively managed fund by BMO that tracks the performance of the S&P 500 Index. It was launched on May 29, 2009. ZMMK.TO is an actively managed fund by BMO. It was launched on Nov 28, 2021.
Performance
ZUE.TO vs. ZMMK.TO - Performance Comparison
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ZUE.TO vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZUE.TO BMO S&P 500 (CAD Hedged) | -4.96% | 15.57% | 23.40% | 24.35% | -19.43% | 4.08% |
ZMMK.TO BMO Money Market Fund ETF Series | 0.57% | 2.77% | 4.94% | 4.86% | 1.99% | 0.04% |
Returns By Period
In the year-to-date period, ZUE.TO achieves a -4.96% return, which is significantly lower than ZMMK.TO's 0.57% return.
ZUE.TO
- 1D
- 3.00%
- 1M
- -5.24%
- YTD
- -4.96%
- 6M
- -2.91%
- 1Y
- 15.40%
- 3Y*
- 16.29%
- 5Y*
- 10.14%
- 10Y*
- 12.34%
ZMMK.TO
- 1D
- 0.02%
- 1M
- 0.20%
- YTD
- 0.57%
- 6M
- 1.20%
- 1Y
- 2.62%
- 3Y*
- 4.00%
- 5Y*
- —
- 10Y*
- —
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ZUE.TO vs. ZMMK.TO - Expense Ratio Comparison
ZUE.TO has a 0.09% expense ratio, which is lower than ZMMK.TO's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
ZUE.TO vs. ZMMK.TO — Risk / Return Rank
ZUE.TO
ZMMK.TO
ZUE.TO vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO S&P 500 (CAD Hedged) (ZUE.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.
| ZUE.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 10.17 | -9.32 |
Sortino ratioReturn per unit of downside risk | 1.32 | 25.94 | -24.62 |
Omega ratioGain probability vs. loss probability | 1.20 | 6.05 | -4.85 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 86.98 | -85.64 |
Martin ratioReturn relative to average drawdown | 6.15 | 406.21 | -400.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZUE.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 10.17 | -9.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 10.37 | -9.60 |
Correlation
The correlation between ZUE.TO and ZMMK.TO is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ZUE.TO vs. ZMMK.TO - Dividend Comparison
ZUE.TO's dividend yield for the trailing twelve months is around 0.92%, less than ZMMK.TO's 2.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZUE.TO BMO S&P 500 (CAD Hedged) | 0.92% | 0.86% | 1.02% | 1.33% | 1.50% | 1.13% | 1.37% | 1.47% | 1.76% | 1.61% | 1.67% | 1.72% |
ZMMK.TO BMO Money Market Fund ETF Series | 2.68% | 3.02% | 4.66% | 4.98% | 1.95% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZUE.TO vs. ZMMK.TO - Drawdown Comparison
The maximum ZUE.TO drawdown since its inception was -35.56%, 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 ZUE.TO and ZMMK.TO.
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Drawdown Indicators
| ZUE.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.56% | -0.16% | -35.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.95% | -0.03% | -11.92% |
Max Drawdown (5Y)Largest decline over 5 years | -25.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | — | — |
Current DrawdownCurrent decline from peak | -6.72% | 0.00% | -6.72% |
Average DrawdownAverage peak-to-trough decline | -4.12% | 0.00% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 0.01% | +2.59% |
Volatility
ZUE.TO vs. ZMMK.TO - Volatility Comparison
BMO S&P 500 (CAD Hedged) (ZUE.TO) has a higher volatility of 5.44% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.08%. This indicates that ZUE.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.
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Volatility by Period
| ZUE.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 0.08% | +5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 0.20% | +9.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.08% | 0.26% | +17.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 0.34% | +16.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 0.34% | +17.78% |