CLSA.TO vs. ZDIV.TO

Last updated Aug 4, 2026

CLSA.TO (Brompton Split Corp. Enhanced Equity Income ETF) and ZDIV.TO (BMO MSCI Canada IMI High Dividend Yield Index ETF) are both Dividend funds. CLSA.TO is actively managed, while ZDIV.TO is passively managed. Their 0.13 correlation means their historical movements had little consistent relationship. CLSA.TO charges 0.60%/yr vs 0.09%/yr for ZDIV.TO.

Performance

CLSA.TO vs. ZDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brompton Split Corp. Enhanced Equity Income ETF (CLSA.TO) and BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLSA.TO

• 1D: 0.03%
• 1M: 3.42%
• 6M: 37.13%
• YTD: 40.42%
• 1Y: 88.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 78.89%

ZDIV.TO

• 1D: 0.55%
• 1M: 5.18%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF	CA$729.28K	CA$519.46K	CA$344.99K
ZDIV.TO BMO MSCI Canada IMI High Dividend Yield Index ETF	CA$35.41K	CA$48.47K	CA$70.11K

CLSA.TO vs. ZDIV.TO - Yearly Performance Comparison

	2026 (YTD)
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF	39.76%
ZDIV.TO BMO MSCI Canada IMI High Dividend Yield Index ETF	21.52%

Correlation

The correlation between CLSA.TO and ZDIV.TO is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 6, 2026	0.13

Return for Risk

CLSA.TO vs. ZDIV.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CLSA.TO

CLSA.TO Risk / Return Rank: 98
CLSA.TO Sharpe Ratio Rank: 99
CLSA.TO Sortino Ratio Rank: 98
CLSA.TO Omega Ratio Rank: 98
CLSA.TO Calmar Ratio Rank: 97
CLSA.TO Martin Ratio Rank: 97

ZDIV.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CLSA.TO vs. ZDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brompton Split Corp. Enhanced Equity Income ETF (CLSA.TO) and BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV.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.

	CLSA.TO	ZDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.64	—	—
Sortino ratio: Return per unit of downside risk	6.31	—	—
Omega ratio: Gain probability vs. loss probability	2.07	—	—
Calmar ratio: Return relative to maximum drawdown	7.90	—	—
Martin ratio: Return relative to average drawdown	34.28	—	—

Drawdowns

CLSA.TO vs. ZDIV.TO - Drawdown Comparison

The maximum CLSA.TO drawdown since its inception was -11.73%, which is greater than ZDIV.TO's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for CLSA.TO and ZDIV.TO.

Drawdown Indicators

	CLSA.TO	ZDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-11.73%	-2.60%	-9.13%
Max Drawdown (1Y) Largest decline over 1 year	-10.78%	—	—
Current Drawdown Current decline from peak	-1.67%	0.00%	-1.67%
Average Drawdown Average peak-to-trough decline	-1.25%	-0.50%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	—	—

Volatility

Volatility by Period

	CLSA.TO	ZDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.12%	9.57%	+5.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.47%	9.57%	+6.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	9.57%	+6.90%

CLSA.TO vs. ZDIV.TO - Expense Ratio Comparison

CLSA.TO has a 0.60% expense ratio, which is higher than ZDIV.TO's 0.09% expense ratio.

Dividends

CLSA.TO vs. ZDIV.TO - Dividend Comparison

CLSA.TO's dividend yield for the trailing twelve months is around 10.55%, more than ZDIV.TO's 1.43% yield.

Position	TTM	2025
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF	10.55%	7.99%
ZDIV.TO BMO MSCI Canada IMI High Dividend Yield Index ETF	1.43%	0.00%

Frequently Asked Questions

Can I hold both CLSA.TO and ZDIV.TO in my portfolio?

CLSA.TO and ZDIV.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLSA.TO or ZDIV.TO?

On fees, ZDIV.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLSA.TO or ZDIV.TO?

ZDIV.TO is cheaper with a 0.09% expense ratio, compared with 0.60% for CLSA.TO.

What is the main difference between CLSA.TO and ZDIV.TO?

They also come from different issuers: Brompton and BMO. Their fees differ too: 0.60% for CLSA.TO and 0.09% for ZDIV.TO.