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%	5.53B	Jan 2018	ZDV.TO vs QCN.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	6.22B	Mar 2016	ZDV.TO vs TTP.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%	2.31B	Feb 2020	ZDV.TO vs HXCN.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	0.06%	16.91B	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	241.91M	Apr 2016	ZDV.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	98	238.82M	Nov 2006	ZDV.TO vs XCV.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	98	105.70M	Jun 2020	ZDV.TO vs HCA.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	98	1.06B	Oct 2020	ZDV.TO vs HCAL.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	97	326.90M	Jan 2019	ZDV.TO vs HEWB.TO

Top Performing ZDV.TO Alternatives (YTD)

ZDV.TO is at 20.55% YTD. There are 11 ETFs in the Canada Equities category with higher YTD returns, going as high as 43.47%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	43.47%	86.85M	Jun 2007	ZDV.TO vs CFOU.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	38.28%	1.06B	Oct 2020	ZDV.TO vs HCAL.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	33.52%	—	Mar 2025	ZDV.TO vs CLSA.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	32.53%	105.70M	Jun 2020	ZDV.TO vs HCA.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	30.47%	2.38B	Mar 2001	ZDV.TO vs XEG.TO

Lowest Volatility Alternatives to ZDV.TO

ZDV.TO has 8.60% 1-year volatility. There are 4 ETFs in the Canada Equities category with lower 1-year volatility, going as low as 7.42%.

Symbol	Name	Volatility 1Y	AUM	Inception
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	7.42%	99.35M	Apr 2012	ZDV.TO vs TLV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	7.88%	4.13B	Apr 2011	ZDV.TO vs XEI.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	8.20%	120.67M	May 2020	ZDV.TO vs TCLV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	8.32%	241.91M	Apr 2016	ZDV.TO vs HXH.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	8.61%	2.57B	Dec 2005	ZDV.TO vs XDV.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%	241.91M	Apr 2016	ZDV.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	-3.84%	238.82M	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
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	-4.22%	4.13B	Apr 2011	ZDV.TO vs XEI.TO
PXC.TO	Invesco RAFI Canadian Index ETF	-4.64%	245.79M	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	1.09%	5.68B	Nov 2021	ZDV.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	11.86%	24.23B	Nov 2012	ZDV.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	79	13.48%	846.16M	Jan 2022	ZDV.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	97	30.69%	6.15B	Oct 2009	ZDV.TO vs ZEB.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	41	14.60%	3.24B	Jan 2010	ZDV.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	20.44%	2.39B	Feb 2019	ZDV.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	45	6.82%	6.18B	Oct 2011	ZDV.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.97B	Jan 2010	ZDV.TO vs ZAG.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	47	10.78%	1.30B	Nov 2014	ZDV.TO vs ZUQ.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Foreign Large Cap Equities	54	12.33%	13.21B	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 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	98	24.99%	7.99B	Nov 2012	ZDV.TO vs VDY.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	21.65%	5.54B	Jun 2017	ZDV.TO vs XDIV.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	93	12.66%	2.35B	Feb 2017	ZDV.TO vs ZWC.TO
ZDY.TO	BMO US Dividend ETF (CAD)	Dividend, Large Cap Blend Equities	40	18.94%	901.36M	Mar 2013	ZDV.TO vs ZDY.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	81	10.99%	15.96B	Aug 2013	ZDV.TO vs VCN.TO
VOO	Vanguard S&P 500 ETF	S&P 500	59	8.19%	1.70T	Sep 2010	ZDV.TO vs VOO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	86	11.72%	22.98B	Sep 1999	ZDV.TO vs XIU.TO
ENB.TO	Enbridge Inc.		89	23.81%	—	—	ZDV.TO vs ENB.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	Canada Equities	51	9.50%	1.23B	Sep 2006	ZDV.TO vs CDZ.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	80	12.92%	19.56B	Aug 2019	ZDV.TO vs XEQT.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	72	11.93%	32.85B	Nov 2012	ZDV.TO vs VFV.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	81	11.29%	30.44B	Feb 2001	ZDV.TO vs XIC.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	93	15.59%	3.17B	Nov 2019	ZDV.TO vs TQCD.TO
FCCD.TO	Fidelity Canadian High Dividend Index ETF	Dividend	95	14.63%	376.10M	Sep 2018	ZDV.TO vs FCCD.TO
ZVC.TO	BMO MSCI Canada Value Index ETF	Large Cap Value Equities	95	15.30%	50.68M	Oct 2017	ZDV.TO vs ZVC.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	91	16.26%	—	Jan 2025	ZDV.TO vs CMVP.TO
WXM.TO	CI Morningstar Canada Momentum Index ETF	Momentum, Canada Equities	84	15.18%	1.60B	Feb 2012	ZDV.TO vs WXM.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Financials Equities, Canada Equities	90	14.56%	1.40B	Apr 2010	ZDV.TO vs FIE.TO
VCE.TO	Vanguard FTSE Canada Index ETF	Canada Equities	77	11.17%	3.48B	Nov 2011	ZDV.TO vs VCE.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