A side-by-side comparison of Vanguard Canadian Ultra-Short Government Bond Index ETF (VVSG) and BMO Money Market Fund ETF Series (ZMMK) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | VVSG | ZMMK |
|---|---|---|
| YTD Return | -0.16% | +0.06%✓ |
| 1-Day Change | -0.04% | +0.02%✓ |
| 1-Week Change | 0.00% | +0.04%✓ |
| 1-Month Change | -0.08% | -0.01%✓ |
| Current Price | $50.31 | $49.86 |
| AUM | $238M | $5.91B✓ |
| MER (Expense Ratio) | — | 0.12% |
| Dividend Yield | 2.37% | 3.12%✓ |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2024-09-09 | 2021-11-29 |
| Holdings Count | 1 | 1 |
| MorningStar Rating | — | — |
| Category | Canadian Money Market | Canadian Money Market |
| Beta | 0.00 | 0.00 |
| 52-Week High | $50.48 | $49.87 |
| 52-Week Low | $49.22 | $48.71 |
| 50-Day MA | $50.36 | $49.87 |
| 200-Day MA | $50.37 | $49.87 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | VVSG | ZMMK |
|---|---|---|
| YTD | -0.16% | +0.06%✓ |
| 1 Year | +2.28% | +2.39%✓ |
| 3 Year | — | +3.64% |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 0.15% | 0.04% |
| Sharpe Ratio (3Y) | — | 3.15 |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | VVSG | ZMMK |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About VVSG
Vanguard Canadian Ultra-Short Government Bond Index ETF (VVSG.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About ZMMK
BMO Money Market ETF seeks to provide income and liquidity consistent with short-term money market rates while preserving capital by investing primarily in Canadian dollar-denominated money market securities and other instruments.
Which ETF is Right for You?
Both VVSG and ZMMK are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, ZMMK scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between VVSG and ZMMK?
VVSG (Vanguard Canadian Ultra-Short Government Bond Index ETF) and ZMMK (BMO Money Market Fund ETF Series) are both Canadian-listed ETFs. Key differences include their AUM ($238M vs $5.91B), dividend yield (2.37% vs 3.12%), and year-to-date performance (-0.16% vs +0.06%).
Is VVSG better than ZMMK?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy VVSG and ZMMK on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both VVSG and ZMMK should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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