A side-by-side comparison of BMO Money Market Fund ETF Series (ZMMK) and Global X 0-3 Month T-Bill ETF (CBIL) 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 | ZMMK | CBIL |
|---|---|---|
| YTD Return | +0.06%✓ | +0.06% |
| 1-Day Change | +0.02%✓ | +0.02% |
| 1-Week Change | +0.04% | +0.06%✓ |
| 1-Month Change | -0.01% | +0.02%✓ |
| Current Price | $49.86 | $50.04 |
| AUM | $5.91B✓ | $2.77B |
| MER (Expense Ratio) | 0.12% | — |
| Dividend Yield | 3.12%✓ | 2.23% |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2021-11-29 | 2023-04-12 |
| Holdings Count | 1 | 1 |
| MorningStar Rating | — | — |
| Category | Canadian Money Market | Canadian Money Market |
| Beta | 0.00 | 0.00 |
| 52-Week High | $49.87 | $50.05 |
| 52-Week Low | $48.71 | $48.96 |
| 50-Day MA | $49.87 | $50.05 |
| 200-Day MA | $49.87 | $50.04 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZMMK | CBIL |
|---|---|---|
| YTD | +0.06%✓ | +0.06% |
| 1 Year | +2.39%✓ | +2.23% |
| 3 Year | +3.64%✓ | +3.41% |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 0.04% | 0.06% |
| Sharpe Ratio (3Y) | 3.15 | -1.55 |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | ZMMK | CBIL |
|---|---|---|
| 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 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.
About CBIL
Global X 0-3 Month T-Bill ETF (CBIL.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both ZMMK and CBIL 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 ZMMK and CBIL?
ZMMK (BMO Money Market Fund ETF Series) and CBIL (Global X 0-3 Month T-Bill ETF) are both Canadian-listed ETFs. Key differences include their AUM ($5.91B vs $2.77B), dividend yield (3.12% vs 2.23%), and year-to-date performance (+0.06% vs +0.06%).
Is ZMMK better than CBIL?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ZMMK has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ZMMK and CBIL on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZMMK and CBIL should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
7 stocks to buy and hold forever
Complement your ETF portfolio with these proven long-term individual stocks.
Get the FREE Report