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 25 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%	5.72B	Jan 2018	ZDV.TO vs QCN.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	6.31B	Mar 2016	ZDV.TO vs TTP.TO
HXCN.TO	Global X S&P/TSX Capped Composite Index Corporate ...	0.05%	2.55B	Feb 2020	ZDV.TO vs HXCN.TO
DMEC.TO	Desjardins Canadian Equity Index ETF	0.05%	—	Apr 2024	ZDV.TO vs DMEC.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	0.06%	17.34B	May 2009	ZDV.TO vs ZCN.TO

Best Risk-Adjusted Alternatives to ZDV.TO

ZDV.TO has a PortfoliosLab risk / return rank of 97. There are 8 ETFs in the Canada Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	98	245.61M	Apr 2016	ZDV.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	98	250.15M	Nov 2006	ZDV.TO vs XCV.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	98	107.00M	Jun 2020	ZDV.TO vs HCA.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	98	—	Mar 2025	ZDV.TO vs CLSA.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	98	4.25B	Apr 2011	ZDV.TO vs XEI.TO

Top Performing ZDV.TO Alternatives (YTD)

ZDV.TO is at 21.35% YTD. There are 12 ETFs in the Canada Equities category with higher YTD returns, going as high as 49.68%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	49.68%	86.75M	Jun 2007	ZDV.TO vs CFOU.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	42.24%	1.09B	Oct 2020	ZDV.TO vs HCAL.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	38.56%	—	Mar 2025	ZDV.TO vs CLSA.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	36.97%	2.38B	Mar 2001	ZDV.TO vs XEG.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	36.06%	107.00M	Jun 2020	ZDV.TO vs HCA.TO

Lowest Volatility Alternatives to ZDV.TO

ZDV.TO has 8.72% 1-year volatility. There are 5 ETFs in the Canada Equities category with lower 1-year volatility, going as low as 7.53%.

Symbol	Name	Volatility 1Y	AUM	Inception
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	7.53%	103.58M	Apr 2012	ZDV.TO vs TLV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	8.02%	4.25B	Apr 2011	ZDV.TO vs XEI.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	8.25%	121.83M	May 2020	ZDV.TO vs TCLV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	8.48%	245.61M	Apr 2016	ZDV.TO vs HXH.TO
HVOI.TO	Harvest Low Volatility Canadian Equity Income ETF ...	8.71%	—	Apr 2025	ZDV.TO vs HVOI.TO

Lowest Drawdown Alternatives to ZDV.TO

ZDV.TO has a 1-year max drawdown of -5.42%. There are 8 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%	245.61M	Apr 2016	ZDV.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	-3.84%	250.15M	Nov 2006	ZDV.TO vs XCV.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	-4.07%	103.58M	Apr 2012	ZDV.TO vs TLV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	-4.22%	4.25B	Apr 2011	ZDV.TO vs XEI.TO
PXC.TO	Invesco RAFI Canadian Index ETF	-4.64%	250.75M	Jan 2012	ZDV.TO vs PXC.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 10 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	1.23%	5.77B	Nov 2021	ZDV.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.73%	24.35B	Nov 2012	ZDV.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.24%	895.11M	Jan 2022	ZDV.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	33.86%	7.20B	Oct 2009	ZDV.TO vs ZEB.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	38	14.55%	3.09B	Jan 2010	ZDV.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	19.68%	2.35B	Feb 2019	ZDV.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	7.77%	6.24B	Oct 2011	ZDV.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	27	1.10%	13.13B	Jan 2010	ZDV.TO vs ZAG.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	57	13.81%	1.32B	Nov 2014	ZDV.TO vs ZUQ.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Foreign Large Cap Equities	60	12.57%	13.26B	Feb 2014	ZDV.TO vs ZEA.TO

Often Compared With ZDV.TO

Investors most often compare ZDV.TO with VDY.TO, XDIV.TO, ZWC.TO. These 20 comparison targets span 8 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	27.73%	8.59B	Nov 2012	ZDV.TO vs VDY.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	25.10%	5.78B	Jun 2017	ZDV.TO vs XDIV.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	95	13.92%	2.41B	Feb 2017	ZDV.TO vs ZWC.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	Canada Equities	97	23.33%	2.63B	Dec 2005	ZDV.TO vs XDV.TO
ZDY.TO	BMO US Dividend ETF (CAD)	Dividend, Large Cap Blend Equities	38	18.97%	903.91M	Mar 2013	ZDV.TO vs ZDY.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	89	12.26%	16.37B	Aug 2013	ZDV.TO vs VCN.TO
VOO	Vanguard S&P 500 ETF	S&P 500	66	10.45%	1.70T	Sep 2010	ZDV.TO vs VOO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	92	13.48%	23.77B	Sep 1999	ZDV.TO vs XIU.TO
ENB.TO	Enbridge Inc.		91	21.84%	—	—	ZDV.TO vs ENB.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	86	13.91%	20.34B	Aug 2019	ZDV.TO vs XEQT.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	Canada Equities	63	12.19%	1.26B	Sep 2006	ZDV.TO vs CDZ.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	79	13.78%	34.09B	Nov 2012	ZDV.TO vs VFV.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.55%	31.16B	Feb 2001	ZDV.TO vs XIC.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	95	17.34%	3.33B	Nov 2019	ZDV.TO vs TQCD.TO
FCCD.TO	Fidelity Canadian High Dividend Index ETF	Dividend	96	15.59%	378.40M	Sep 2018	ZDV.TO vs FCCD.TO
ZDIV.TO	BMO MSCI Canada IMI High Dividend Yield Index ETF	Dividend	—	—	—	Feb 2026	ZDV.TO vs ZDIV.TO
ZVC.TO	BMO MSCI Canada Value Index ETF	Large Cap Value Equities	97	17.72%	51.42M	Oct 2017	ZDV.TO vs ZVC.TO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	94	17.93%	—	Jan 2025	ZDV.TO vs CMVP.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	19.24%	1.74B	Jul 2021	ZDV.TO vs HDIV.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Financials Equities, Canada Equities	93	16.92%	1.44B	Apr 2010	ZDV.TO vs FIE.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.

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BMO Canadian Dividend ETF (ZDV.TO) Alternatives