BMO Tactical Dividend ETF Fund (ZZZD.TO)

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BMO Tactical Dividend ETF Fund (ZZZD.TO) is up 10.9% since the beginning of the year. ZZZD.TO is currently trading at CA$32 per share. Investors who bought CA$1,000 worth of ZZZD.TO shares 5 years ago would now be looking at an investment worth CA$1,414.

BMO Tactical Dividend ETF Fund (ZZZD.TO) has returned 10.86% so far this year and 15.77% over the past 12 months.

Based on dividend-adjusted daily data since Jan 11, 2019, ZZZD.TO's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.

Historically, 67% of months were positive and 33% were negative. The best month was Nov 2022 with a return of +9.6%, while the worst month was Jun 2022 at -8.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ZZZD.TO closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +7.7%, while the worst single day was Mar 12, 2020 at -8.3%.

BMO Tactical Dividend ETF Fund has an annualized alpha of 0.74%, beta of 0.29, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since January 11, 2019.

• This ETF participated in 32.45% of S&P 500 Index downside but only 26.15% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.29 may look defensive, but with R2 of 0.22 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.22 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

ZZZD.TO ranks 80 for risk / return — better than 80% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

BMO Tactical Dividend ETF Fund provided a 3.74% dividend yield over the last twelve months, with an annual payout of CA$1.20 per share. The fund has been increasing its distributions for 6 consecutive years.

The table displays the monthly dividend distributions for BMO Tactical Dividend ETF Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BMO Tactical Dividend ETF Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BMO Tactical Dividend ETF Fund was 22.28%, occurring on Mar 18, 2020. Recovery took 773 trading sessions.

The current BMO Tactical Dividend ETF Fund drawdown is 0.90%.

The chart below shows the rolling one-month volatility.