CRT-UN.TO vs. ZDY.TO

Last updated Jun 5, 2026

CRT-UN.TO (CT Real Estate Investment Trust) is a stock, while ZDY.TO (BMO US Dividend ETF (CAD)) is Dividend fund actively managed by BMO. Over the past 10 years, CRT-UN.TO returned 7.40%/yr vs 11.12%/yr for ZDY.TO. At a 0.24 correlation, their price movements are largely independent.

Performance

CRT-UN.TO vs. ZDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CT Real Estate Investment Trust (CRT-UN.TO) and BMO US Dividend ETF (CAD) (ZDY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRT-UN.TO achieves a 11.28% return, which is significantly lower than ZDY.TO's 18.38% return. Over the past 10 years, CRT-UN.TO has underperformed ZDY.TO with an annualized return of 7.40%, while ZDY.TO has yielded a comparatively higher 11.12% annualized return.

CRT-UN.TO

• 1D: -0.11%
• 1M: 1.71%
• YTD: 11.28%
• 6M: 14.21%
• 1Y: 17.13%
• 3Y*: 12.19%
• 5Y*: 7.36%
• 10Y*: 7.40%

ZDY.TO

• 1D: 0.21%
• 1M: 7.80%
• YTD: 18.38%
• 6M: 10.66%
• 1Y: 27.52%
• 3Y*: 18.43%
• 5Y*: 13.60%
• 10Y*: 11.12%

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

CRT-UN.TO vs. ZDY.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRT-UN.TO CT Real Estate Investment Trust	11.28%	20.98%	3.91%	-0.26%	-5.16%	16.13%	2.73%	47.58%	-15.83%	1.42%
ZDY.TO BMO US Dividend ETF (CAD)	18.38%	4.45%	26.22%	4.58%	1.64%	22.92%	-5.18%	16.96%	3.22%	6.74%

Correlation

The correlation between CRT-UN.TO and ZDY.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Oct 25, 2013	0.24

The correlation between CRT-UN.TO and ZDY.TO shifts across timeframes, from 0.19 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CRT-UN.TO vs. ZDY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRT-UN.TO

CRT-UN.TO Risk / Return Rank: 78
CRT-UN.TO Sharpe Ratio Rank: 79
CRT-UN.TO Sortino Ratio Rank: 76
CRT-UN.TO Omega Ratio Rank: 71
CRT-UN.TO Calmar Ratio Rank: 81
CRT-UN.TO Martin Ratio Rank: 82

ZDY.TO

ZDY.TO Risk / Return Rank: 74
ZDY.TO Sharpe Ratio Rank: 73
ZDY.TO Sortino Ratio Rank: 67
ZDY.TO Omega Ratio Rank: 77
ZDY.TO Calmar Ratio Rank: 80
ZDY.TO Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRT-UN.TO vs. ZDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CT Real Estate Investment Trust (CRT-UN.TO) and BMO US Dividend ETF (CAD) (ZDY.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.

	CRT-UN.TO	ZDY.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.34	-1.00
Sortino ratio: Return per unit of downside risk	2.01	3.03	-1.02
Omega ratio: Gain probability vs. loss probability	1.23	1.45	-0.22
Calmar ratio: Return relative to maximum drawdown	2.76	4.08	-1.32
Martin ratio: Return relative to average drawdown	7.21	14.10	-6.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRT-UN.TO vs. ZDY.TO - Sharpe Ratio Comparison

The current CRT-UN.TO Sharpe Ratio is 1.34, which is lower than the ZDY.TO Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of CRT-UN.TO and ZDY.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRT-UN.TO	ZDY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	2.34	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	1.12	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.74	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.96	-0.42

Drawdowns

CRT-UN.TO vs. ZDY.TO - Drawdown Comparison

The maximum CRT-UN.TO drawdown since its inception was -45.88%, which is greater than ZDY.TO's maximum drawdown of -33.01%. Use the drawdown chart below to compare losses from any high point for CRT-UN.TO and ZDY.TO.

Drawdown Indicators

	CRT-UN.TO	ZDY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-45.88%	-33.01%	-12.87%
Max Drawdown (1Y) Largest decline over 1 year	-6.24%	-6.78%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	-17.37%	-15.32%	-2.05%
Max Drawdown (5Y) Largest decline over 5 years	-24.70%	-15.32%	-9.38%
Max Drawdown (10Y) Largest decline over 10 years	-45.88%	-33.01%	-12.87%
Current Drawdown Current decline from peak	-1.12%	0.00%	-1.12%
Average Drawdown Average peak-to-trough decline	-6.27%	-3.30%	-2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	1.96%	+0.42%

Volatility

CRT-UN.TO vs. ZDY.TO - Volatility Comparison

The current volatility for CT Real Estate Investment Trust (CRT-UN.TO) is 2.86%, while BMO US Dividend ETF (CAD) (ZDY.TO) has a volatility of 4.61%. This indicates that CRT-UN.TO experiences smaller price fluctuations and is considered to be less risky than ZDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRT-UN.TO	ZDY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	4.61%	-1.75%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	9.85%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	12.88%	11.83%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	12.17%	+5.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.25%	15.18%	+5.07%

Dividends

CRT-UN.TO vs. ZDY.TO - Dividend Comparison

CRT-UN.TO's dividend yield for the trailing twelve months is around 5.36%, more than ZDY.TO's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRT-UN.TO CT Real Estate Investment Trust	5.36%	5.77%	6.40%	6.04%	5.48%	4.76%	5.09%	4.70%	6.37%	4.82%	4.57%	5.09%
ZDY.TO BMO US Dividend ETF (CAD)	1.45%	1.72%	1.97%	2.43%	2.48%	2.33%	3.65%	3.02%	2.80%	2.63%	2.46%	2.54%

Frequently Asked Questions

Can I hold both CRT-UN.TO and ZDY.TO in my portfolio?

CRT-UN.TO and ZDY.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.