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 24 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%	5.19B	Jan 2018	ZDV.TO vs QCN.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%	2.23B	Feb 2020	ZDV.TO vs HXCN.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	6.05B	Mar 2016	ZDV.TO vs TTP.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	0.06%	16.67B	May 2009	ZDV.TO vs ZCN.TO

Best Risk-Adjusted Alternatives to ZDV.TO

ZDV.TO has a PortfoliosLab risk / return rank of 85. There are 16 ETFs in the Canada Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	98	4.02B	Apr 2011	ZDV.TO vs XEI.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	98	237.17M	Apr 2016	ZDV.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	97	235.07M	Nov 2006	ZDV.TO vs XCV.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	97	2.46B	Dec 2005	ZDV.TO vs XDV.TO
HAL.TO	Global X Active Canadian Dividend ETF	96	123.68M	Feb 2010	ZDV.TO vs HAL.TO

Top Performing ZDV.TO Alternatives (YTD)

ZDV.TO is at 18.56% YTD. There are 9 ETFs in the Canada Equities category with higher YTD returns, going as high as 23.53%.

Symbol	Name	YTD Return	AUM	Inception
XCS.TO	iShares S&P/TSX SmallCap Index ETF	23.53%	264.65M	May 2007	ZDV.TO vs XCS.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	23.22%	77.00M	Jun 2007	ZDV.TO vs CFOU.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	22.21%	4.02B	Apr 2011	ZDV.TO vs XEI.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	20.72%	—	Mar 2025	ZDV.TO vs CLSA.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	20.31%	237.17M	Apr 2016	ZDV.TO vs HXH.TO

Lowest Volatility Alternatives to ZDV.TO

ZDV.TO has 10.57% 1-year volatility. There are 15 ETFs in the Canada Equities category with lower 1-year volatility, going as low as 7.21%.

Symbol	Name	Volatility 1Y	AUM	Inception
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	7.21%	4.02B	Apr 2011	ZDV.TO vs XEI.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	7.38%	99.35M	Apr 2012	ZDV.TO vs TLV.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	7.83%	2.46B	Dec 2005	ZDV.TO vs XDV.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	8.04%	118.08M	May 2020	ZDV.TO vs TCLV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	8.23%	237.17M	Apr 2016	ZDV.TO vs HXH.TO

Lowest Drawdown Alternatives to ZDV.TO

ZDV.TO has a 1-year max drawdown of -6.65%. There are 11 ETFs in the Canada Equities category with shallower 1-year drawdowns, going as shallow as -2.24%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	-2.24%	4.02B	Apr 2011	ZDV.TO vs XEI.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	-2.52%	237.17M	Apr 2016	ZDV.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	-3.86%	235.07M	Nov 2006	ZDV.TO vs XCV.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	-4.07%	99.35M	Apr 2012	ZDV.TO vs TLV.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	-4.11%	1.22B	Sep 2006	ZDV.TO vs CDZ.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 8 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	100	0.95%	5.70B	Nov 2021	ZDV.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZDV.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZDV.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZDV.TO vs ZEB.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZDV.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZDV.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZDV.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZDV.TO vs ZAG.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZDV.TO vs ZUQ.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Global Equities	44	10.01%	12.24B	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	98	20.59%	7.99B	Nov 2012	ZDV.TO vs VDY.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	19.17%	5.25B	Jun 2017	ZDV.TO vs XDIV.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	92	11.12%	2.30B	Feb 2017	ZDV.TO vs ZWC.TO
ZDY.TO	BMO US Dividend ETF (CAD)	Dividend, Large Cap Blend Equities	71	18.13%	865.68M	Mar 2013	ZDV.TO vs ZDY.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	77	10.48%	15.96B	Aug 2013	ZDV.TO vs VCN.TO
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	ZDV.TO vs VOO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	82	10.14%	22.52B	Sep 1999	ZDV.TO vs XIU.TO
ENB.TO	Enbridge Inc.		81	21.23%	—	—	ZDV.TO vs ENB.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	12.29%	18.41B	Aug 2019	ZDV.TO vs XEQT.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	74	12.30%	32.85B	Nov 2012	ZDV.TO vs VFV.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.75%	29.66B	Feb 2001	ZDV.TO vs XIC.TO
FCCD.TO	Fidelity Canadian High Dividend Index ETF	Dividend	94	14.15%	365.90M	Sep 2018	ZDV.TO vs FCCD.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	93	14.98%	3.03B	Nov 2019	ZDV.TO vs TQCD.TO
ZVC.TO	BMO MSCI Canada Value Index ETF	Large Cap Value Equities	96	16.23%	50.31M	Oct 2017	ZDV.TO vs ZVC.TO
WXM.TO	CI Morningstar Canada Momentum Index ETF	Momentum, Canada Equities	88	18.83%	1.57B	Feb 2012	ZDV.TO vs WXM.TO
ZDIV.TO	BMO MSCI Canada IMI High Dividend Yield Index ETF	Dividend	—	—	—	Feb 2026	ZDV.TO vs ZDIV.TO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	79	11.91%	—	Jan 2025	ZDV.TO vs CMVP.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Canada Equities	93	8.54%	1.34B	Apr 2010	ZDV.TO vs FIE.TO
VCE.TO	Vanguard FTSE Canada Index ETF	Canada Equities	72	10.03%	3.48B	Nov 2011	ZDV.TO vs VCE.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	92	16.21%	1.63B	Jul 2021	ZDV.TO vs HDIV.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