CDIV.TO vs. BLOV.TO
CDIV.TO (Manulife Smart Dividend ETF) and BLOV.TO (Brompton North American Low Volatility Dividend ETF) are both Dividend funds. Both are actively managed. Over the past 5 years, CDIV.TO returned 12.33%/yr vs 8.19%/yr for BLOV.TO. At a 0.21 correlation, their price movements are largely independent.
Performance
CDIV.TO vs. BLOV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CDIV.TO achieves a 16.68% return, which is significantly higher than BLOV.TO's 13.38% return.
CDIV.TO
- 1D
- 0.46%
- 1M
- 1.00%
- 6M
- 12.70%
- YTD
- 16.68%
- 1Y
- 23.74%
- 3Y*
- 18.68%
- 5Y*
- 12.33%
- 10Y*
- —
BLOV.TO
- 1D
- 0.22%
- 1M
- 1.49%
- 6M
- 12.19%
- YTD
- 13.38%
- 1Y
- 19.69%
- 3Y*
- 12.75%
- 5Y*
- 8.19%
- 10Y*
- —
CDIV.TO vs. BLOV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CDIV.TO Manulife Smart Dividend ETF | 16.68% | 18.95% | 13.96% | 11.77% | -2.50% | 26.20% | 1.92% |
BLOV.TO Brompton North American Low Volatility Dividend ETF | 13.38% | 14.08% | 11.35% | -1.53% | -6.53% | 21.12% | -0.72% |
Correlation
The correlation between CDIV.TO and BLOV.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2020 | 0.21 |
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Return for Risk
CDIV.TO vs. BLOV.TO — Risk / Return Rank
CDIV.TO
BLOV.TO
CDIV.TO vs. BLOV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manulife Smart Dividend ETF (CDIV.TO) and Brompton North American Low Volatility Dividend ETF (BLOV.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CDIV.TO | BLOV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.45 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 3.95 | -1.79 |
| Martin ratioReturn relative to average drawdown | 6.84 | 13.24 | -6.41 |
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Drawdowns
CDIV.TO vs. BLOV.TO - Drawdown Comparison
The maximum CDIV.TO drawdown since its inception was -16.44%, smaller than the maximum BLOV.TO drawdown of -46.98%. Use the drawdown chart below to compare losses from any high point for CDIV.TO and BLOV.TO.
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Drawdown Indicators
| CDIV.TO | BLOV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.44% | -46.98% | +30.54% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -5.23% | -5.82% |
Max Drawdown (3Y)Largest decline over 3 years | -11.05% | -41.86% | +30.81% |
Max Drawdown (5Y)Largest decline over 5 years | -16.44% | -46.98% | +30.54% |
Current DrawdownCurrent decline from peak | -0.10% | -1.43% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -4.48% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 1.56% | +1.92% |
Volatility
CDIV.TO vs. BLOV.TO - Volatility Comparison
The current volatility for Manulife Smart Dividend ETF (CDIV.TO) is 3.91%, while Brompton North American Low Volatility Dividend ETF (BLOV.TO) has a volatility of 4.96%. This indicates that CDIV.TO experiences smaller price fluctuations and is considered to be less risky than BLOV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDIV.TO | BLOV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 4.96% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 7.78% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 9.20% | +6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 33.19% | -20.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.58% | 30.18% | -17.60% |
Dividends
CDIV.TO vs. BLOV.TO - Dividend Comparison
CDIV.TO's dividend yield for the trailing twelve months is around 2.47%, less than BLOV.TO's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BLOV.TO Brompton North American Low Volatility Dividend ETF | 3.71% | 4.13% | 4.51% | 4.80% | 4.25% | 3.19% | 2.45% |
CDIV.TO Manulife Smart Dividend ETF | 2.47% | 3.19% | 3.45% | 3.45% | 3.41% | 2.38% | 0.07% |
Frequently Asked Questions
CDIV.TO and BLOV.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Manulife and Brompton.
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