CWIN.TO vs. ZZZD.TO
CWIN.TO (HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units) and ZZZD.TO (BMO Tactical Dividend ETF Fund) are both Dividend funds. CWIN.TO is passively managed, while ZZZD.TO is actively managed. Over the past year, CWIN.TO returned 39.32% vs 14.44% for ZZZD.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
CWIN.TO vs. ZZZD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CWIN.TO achieves a 21.63% return, which is significantly higher than ZZZD.TO's 10.61% return.
CWIN.TO
- 1D
- -0.04%
- 1M
- 2.83%
- 6M
- 19.10%
- YTD
- 21.63%
- 1Y
- 39.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZZZD.TO
- 1D
- -0.50%
- 1M
- -0.46%
- 6M
- 9.46%
- YTD
- 10.61%
- 1Y
- 14.44%
- 3Y*
- 10.27%
- 5Y*
- 6.83%
- 10Y*
- —
CWIN.TO vs. ZZZD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units | 21.63% | 24.29% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 10.61% | 7.40% |
Correlation
The correlation between CWIN.TO and ZZZD.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2025 | 0.25 |
The correlation between CWIN.TO and ZZZD.TO shifts across timeframes, from 0.25 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CWIN.TO vs. ZZZD.TO — Risk / Return Rank
CWIN.TO
ZZZD.TO
CWIN.TO vs. ZZZD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) and BMO Tactical Dividend ETF Fund (ZZZD.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.
| CWIN.TO | ZZZD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.33 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.52 | 5.34 | +0.18 |
| Martin ratioReturn relative to average drawdown | 20.43 | 17.40 | +3.03 |
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Drawdowns
CWIN.TO vs. ZZZD.TO - Drawdown Comparison
The maximum CWIN.TO drawdown since its inception was -10.87%, smaller than the maximum ZZZD.TO drawdown of -22.28%. Use the drawdown chart below to compare losses from any high point for CWIN.TO and ZZZD.TO.
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Drawdown Indicators
| CWIN.TO | ZZZD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.87% | -22.28% | +11.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -2.72% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.72% | — |
Current DrawdownCurrent decline from peak | -0.13% | -1.11% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -1.35% | -4.67% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 0.83% | +1.10% |
Volatility
CWIN.TO vs. ZZZD.TO - Volatility Comparison
HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) has a higher volatility of 3.60% compared to BMO Tactical Dividend ETF Fund (ZZZD.TO) at 2.96%. This indicates that CWIN.TO's price experiences larger fluctuations and is considered to be riskier than ZZZD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWIN.TO | ZZZD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 2.96% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 6.50% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 8.48% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.77% | 11.17% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 12.64% | +1.13% |
Dividends
CWIN.TO vs. ZZZD.TO - Dividend Comparison
CWIN.TO's dividend yield for the trailing twelve months is around 3.09%, less than ZZZD.TO's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units | 3.09% | 3.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 3.75% | 4.07% | 4.29% | 4.28% | 4.51% | 4.27% | 4.09% | 3.11% |
Frequently Asked Questions
CWIN.TO and ZZZD.TO have a correlation of 0.35, 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: Hamilton and BMO.
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