BMO.TO vs. VDY.TO
Compare and contrast key facts about Bank of Montreal (BMO.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).
VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BMO.TO or VDY.TO.
Key characteristics
| BMO.TO | VDY.TO | |
|---|---|---|
| YTD Return | -3.67% | 3.39% |
| 1Y Return | 9.60% | 7.88% |
| 3Y Return (Ann) | 6.58% | 8.97% |
| 5Y Return (Ann) | 7.78% | 9.46% |
| 10Y Return (Ann) | 9.58% | 7.53% |
| Sharpe Ratio | 0.39 | 0.52 |
| Daily Std Dev | 16.82% | 11.53% |
| Max Drawdown | -62.39% | -39.21% |
| Current Drawdown | -11.01% | -2.76% |
Correlation
The correlation between BMO.TO and VDY.TO is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BMO.TO vs. VDY.TO - Performance Comparison
In the year-to-date period, BMO.TO achieves a -3.67% return, which is significantly lower than VDY.TO's 3.39% return. Over the past 10 years, BMO.TO has outperformed VDY.TO with an annualized return of 9.58%, while VDY.TO has yielded a comparatively lower 7.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BMO.TO vs. VDY.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BMO.TO vs. VDY.TO - Dividend Comparison
BMO.TO's dividend yield for the trailing twelve months is around 4.83%, more than VDY.TO's 4.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMO.TO Bank of Montreal | 4.83% | 4.42% | 4.44% | 3.11% | 4.38% | 4.03% | 4.24% | 3.54% | 3.55% | 4.15% | 3.79% | 4.15% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.71% | 4.64% | 4.42% | 3.58% | 4.59% | 4.25% | 4.43% | 3.82% | 3.25% | 4.11% | 3.25% | 2.50% |
Drawdowns
BMO.TO vs. VDY.TO - Drawdown Comparison
The maximum BMO.TO drawdown since its inception was -62.39%, which is greater than VDY.TO's maximum drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for BMO.TO and VDY.TO. For additional features, visit the drawdowns tool.
Volatility
BMO.TO vs. VDY.TO - Volatility Comparison
Bank of Montreal (BMO.TO) has a higher volatility of 4.88% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 3.70%. This indicates that BMO.TO's price experiences larger fluctuations and is considered to be riskier than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.