ZDV.TO Alternatives & Similar ETFs

BMO Canadian Dividend ETF (ZDV.TO) belongs to the Canada Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZDV.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZDV.TO

ZDV.TO charges 0.39% annually. There are 31 ETFs in the Canada Equities category with lower expense ratios, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
QCN.TO	Mackenzie Canadian Equity Index ETF	0.04%	5.71B	Jan 2018	ZDV.TO vs QCN.TO
QCE.TO	Mackenzie Canadian Large Cap Equity Index ETF	0.04%	273.29M	Jan 2018	ZDV.TO vs QCE.TO
DMEC.TO	Desjardins Canadian Equity Index ETF	0.05%	—	Apr 2024	ZDV.TO vs DMEC.TO
HXCN.TO	Global X S&P/TSX Capped Composite Index Corporate ...	0.05%	2.59B	Feb 2020	ZDV.TO vs HXCN.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	6.23B	Mar 2016	ZDV.TO vs TTP.TO

Best Risk-Adjusted Alternatives to ZDV.TO

ZDV.TO has a PortfoliosLab risk / return rank of 98. There are 9 ETFs in the Canada Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
XCV.TO	iShares Canadian Value Index ETF	98	253.39M	Nov 2006	ZDV.TO vs XCV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	98	263.64M	Apr 2016	ZDV.TO vs HXH.TO
FLVC.NEO	Franklin Canadian Low Volatility High Dividend Ind...	98	57.60M	Mar 2024	ZDV.TO vs FLVC.NEO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	98	4.38B	Apr 2011	ZDV.TO vs XEI.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	98	108.60M	Jun 2020	ZDV.TO vs HCA.TO

Top Performing ZDV.TO Alternatives (YTD)

ZDV.TO is at 23.19% YTD. There are 14 ETFs in the Canada Equities category with higher YTD returns, going as high as 48.45%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	48.45%	88.65M	Jun 2007	ZDV.TO vs CFOU.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	46.30%	2.32B	Mar 2001	ZDV.TO vs XEG.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	44.23%	—	Feb 2022	ZDV.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	41.03%	1.09B	Oct 2020	ZDV.TO vs HCAL.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	38.64%	—	Mar 2025	ZDV.TO vs CLSA.TO

Lowest Volatility Alternatives to ZDV.TO

ZDV.TO has 8.97% 1-year volatility. There are 9 ETFs in the Canada Equities category with lower 1-year volatility, going as low as 6.43%.

Symbol	Name	Volatility 1Y	AUM	Inception
FCMI.TO	Fidelity Canadian Monthly High Income ETF	6.43%	12.40M	Jan 2020	ZDV.TO vs FCMI.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	7.67%	103.58M	Apr 2012	ZDV.TO vs TLV.TO
FLVC.NEO	Franklin Canadian Low Volatility High Dividend Ind...	7.91%	57.60M	Mar 2024	ZDV.TO vs FLVC.NEO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	8.16%	4.38B	Apr 2011	ZDV.TO vs XEI.TO
PDF.TO	Purpose Core Dividend Fund	8.46%	475.00M	Sep 2013	ZDV.TO vs PDF.TO

Lowest Drawdown Alternatives to ZDV.TO

ZDV.TO has a 1-year max drawdown of -5.42%. There are 11 ETFs in the Canada Equities category with shallower 1-year drawdowns, going as shallow as -2.52%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	-2.52%	263.64M	Apr 2016	ZDV.TO vs HXH.TO
FLVC.NEO	Franklin Canadian Low Volatility High Dividend Ind...	-3.21%	57.60M	Mar 2024	ZDV.TO vs FLVC.NEO
FCMI.TO	Fidelity Canadian Monthly High Income ETF	-3.62%	12.40M	Jan 2020	ZDV.TO vs FCMI.TO
XCV.TO	iShares Canadian Value Index ETF	-3.84%	253.39M	Nov 2006	ZDV.TO vs XCV.TO
PDC.TO	Invesco Canadian Dividend Index ETF	-3.86%	1.05B	Apr 2011	ZDV.TO vs PDC.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 11 categories. AUM among these funds goes as high as $24B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	99	1.36%	5.83B	Nov 2021	ZDV.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	71	12.26%	24.00B	Nov 2012	ZDV.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	13.75%	924.58M	Jan 2022	ZDV.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	32.90%	7.10B	Oct 2009	ZDV.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.49%	17.51B	May 2009	ZDV.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	32	10.75%	2.90B	Jan 2010	ZDV.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	50	14.56%	2.26B	Feb 2019	ZDV.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities, Low Volatility	58	7.74%	6.27B	Oct 2011	ZDV.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	29	0.79%	13.09B	Jan 2010	ZDV.TO vs ZAG.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Quality Factor, Large Cap Blend Equities	50	11.98%	1.29B	Nov 2014	ZDV.TO vs ZUQ.TO

Often Compared With ZDV.TO

Investors most often compare ZDV.TO with VDY.TO, XDIV.TO, ZWC.TO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	28.99%	8.59B	Nov 2012	ZDV.TO vs VDY.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Quality Factor, Dividend, Large Cap Value Equities	98	29.20%	6.16B	Jun 2017	ZDV.TO vs XDIV.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	96	15.08%	2.45B	Feb 2017	ZDV.TO vs ZWC.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	Canada Equities	98	25.76%	2.67B	Dec 2005	ZDV.TO vs XDV.TO
ZDY.TO	BMO US Dividend ETF (CAD)	Dividend, Large Cap Blend Equities	38	16.78%	884.27M	Mar 2013	ZDV.TO vs ZDY.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	90	12.26%	16.37B	Aug 2013	ZDV.TO vs VCN.TO
VOO	Vanguard S&P 500 ETF	S&P 500	68	10.16%	1.70T	Sep 2010	ZDV.TO vs VOO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	93	13.52%	24.26B	Sep 1999	ZDV.TO vs XIU.TO
ENB.TO	Enbridge Inc.		87	19.20%	—	—	ZDV.TO vs ENB.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	86	13.38%	20.80B	Aug 2019	ZDV.TO vs XEQT.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	Canada Equities	73	12.67%	1.27B	Sep 2006	ZDV.TO vs CDZ.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	72	12.34%	34.09B	Nov 2012	ZDV.TO vs VFV.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.55%	31.79B	Feb 2001	ZDV.TO vs XIC.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	96	19.12%	3.46B	Nov 2019	ZDV.TO vs TQCD.TO
ZDIV.TO	BMO MSCI Canada IMI High Dividend Yield Index ETF	Dividend	—	—	—	Feb 2026	ZDV.TO vs ZDIV.TO
FCCD.TO	Fidelity Canadian High Dividend Index ETF	Dividend	96	16.58%	383.80M	Sep 2018	ZDV.TO vs FCCD.TO
ZVC.TO	BMO MSCI Canada Value Index ETF	Large Cap Value Equities	97	20.51%	52.56M	Oct 2017	ZDV.TO vs ZVC.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Foreign Large Cap Equities	75	14.15%	13.47B	Feb 2014	ZDV.TO vs ZEA.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	18.30%	1.79B	Jul 2021	ZDV.TO vs HDIV.TO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	95	17.44%	—	Jan 2025	ZDV.TO vs CMVP.TO

Compare ZDV.TO with Any Fund or Stock

Compare ZDV.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ZDV.TO with funds that move differently

BMO Canadian Dividend ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZDV.TO.

Explore ZDV.TO Diversifiers

BMO Canadian Dividend ETF (ZDV.TO) Alternatives