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BMO S&P-TSX Equal Weight Global Base Metals Hedged to CAD Index ETF (TSE:ZMT) Seasonal Chart

BMO S&P/TSX Equal Weight Global Base 
Metals Hedged to CAD Index ETF (TSE:ZMT) Seasonality

ZMT.TO Relative to the S&P 500
ZMT.TO Relative to the S&P 500

ZMT.TO Relative to the Sector
ZMT.TO Relative to the Sector

Monthly Seasonal BMO S&P/TSX Equal Weight Global Base 
Metals Hedged to CAD Index ETF (TSE:ZMT)

Seasonal Chart Analysis

Analysis of the BMO S&P/TSX Equal Weight Global Base
Metals Hedged to CAD Index ETF (TSE:ZMT) seasonal charts above shows that a Buy Date of December 16 and a Sell Date of April 12 has resulted in a geometric average return of 0.14% above the benchmark rate of the S&P 500 Total Return Index over the past 7 years. This seasonal timeframe has shown positive results compared to the benchmark in 5 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 7 years by an average of 17.46% per year.

The seasonal timeframe correlates Very Well with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

A word of caution: Only 7 years of data is available for shares of ZMT.TO, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

Equity Exchange Traded Fund (ETF)

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