ZWE.TO vs. ZMMK.TO
Compare and contrast key facts about BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE.TO) and BMO Money Market Fund ETF Series (ZMMK.TO).
ZWE.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. ZWE.TO is an actively managed fund by BMO. It was launched on Sep 2, 2015. ZMMK.TO is an actively managed fund by BMO. It was launched on Nov 28, 2021.
Performance
ZWE.TO vs. ZMMK.TO - Performance Comparison
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ZWE.TO vs. ZMMK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZWE.TO BMO Europe High Dividend Covered Call Hedged to CAD ETF | -0.59% | 14.25% | 7.16% | 14.84% | 0.29% | 3.84% |
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, ZWE.TO achieves a -0.59% return, which is significantly lower than ZMMK.TO's 0.57% return.
ZWE.TO
- 1D
- 2.38%
- 1M
- -5.74%
- YTD
- -0.59%
- 6M
- 4.72%
- 1Y
- 7.56%
- 3Y*
- 9.13%
- 5Y*
- 9.12%
- 10Y*
- 8.24%
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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ZWE.TO vs. ZMMK.TO - Expense Ratio Comparison
ZWE.TO has a 0.65% expense ratio, which is higher than ZMMK.TO's 0.13% expense ratio.
Return for Risk
ZWE.TO vs. ZMMK.TO — Risk / Return Rank
ZWE.TO
ZMMK.TO
ZWE.TO vs. ZMMK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE.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.
| ZWE.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 10.17 | -9.65 |
Sortino ratioReturn per unit of downside risk | 0.77 | 25.94 | -25.18 |
Omega ratioGain probability vs. loss probability | 1.11 | 6.05 | -4.94 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 86.98 | -86.39 |
Martin ratioReturn relative to average drawdown | 1.98 | 406.21 | -404.23 |
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
| ZWE.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 10.17 | -9.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 10.37 | -9.90 |
Correlation
The correlation between ZWE.TO and ZMMK.TO is 0.02, 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
ZWE.TO vs. ZMMK.TO - Dividend Comparison
ZWE.TO's dividend yield for the trailing twelve months is around 6.97%, more than ZMMK.TO's 2.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZWE.TO BMO Europe High Dividend Covered Call Hedged to CAD ETF | 6.97% | 6.81% | 7.25% | 7.25% | 6.98% | 6.30% | 7.74% | 6.53% | 7.59% | 6.49% | 6.76% | 2.32% |
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
ZWE.TO vs. ZMMK.TO - Drawdown Comparison
The maximum ZWE.TO drawdown since its inception was -35.38%, 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 ZWE.TO and ZMMK.TO.
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Drawdown Indicators
| ZWE.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.38% | -0.16% | -35.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -0.03% | -9.62% |
Max Drawdown (5Y)Largest decline over 5 years | -13.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.38% | — | — |
Current DrawdownCurrent decline from peak | -6.20% | 0.00% | -6.20% |
Average DrawdownAverage peak-to-trough decline | -4.16% | 0.00% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 0.01% | +2.89% |
Volatility
ZWE.TO vs. ZMMK.TO - Volatility Comparison
BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE.TO) has a higher volatility of 6.28% compared to BMO Money Market Fund ETF Series (ZMMK.TO) at 0.08%. This indicates that ZWE.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
| ZWE.TO | ZMMK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 0.08% | +6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 0.20% | +8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 0.26% | +14.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.48% | 0.34% | +12.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 0.34% | +15.13% |