CYH.TO vs. ZDIVX
CYH.TO (iShares Global Monthly Dividend Index ETF (CAD-Hedged)) and ZDIVX (Zacks Dividend Fund) are both funds - CYH.TO is a Global Equities fund tracking the Morningstar Gbl GR CAD, while ZDIVX is a Large Cap Value Equities fund managed by Zacks. Over the past 10 years, CYH.TO returned 8.22%/yr vs 11.41%/yr for ZDIVX. A 0.55 correlation means they provide meaningful diversification when combined. CYH.TO charges 0.66%/yr vs 1.30%/yr for ZDIVX.
Performance
CYH.TO vs. ZDIVX - Performance Comparison
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Different Trading Currencies
CYH.TO is traded in CAD, while ZDIVX is traded in USD. To make them comparable, the ZDIVX values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CYH.TO having a 9.93% return and ZDIVX slightly higher at 10.13%. Over the past 10 years, CYH.TO has underperformed ZDIVX with an annualized return of 8.22%, while ZDIVX has yielded a comparatively higher 11.41% annualized return.
CYH.TO
- 1D
- -0.78%
- 1M
- 0.38%
- YTD
- 9.93%
- 6M
- 10.41%
- 1Y
- 22.80%
- 3Y*
- 16.71%
- 5Y*
- 8.48%
- 10Y*
- 8.22%
ZDIVX
- 1D
- 1.10%
- 1M
- 4.85%
- YTD
- 10.13%
- 6M
- 8.53%
- 1Y
- 22.59%
- 3Y*
- 17.93%
- 5Y*
- 12.61%
- 10Y*
- 11.41%
CYH.TO vs. ZDIVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 9.93% | 18.77% | 12.29% | 3.84% | -2.47% | 23.43% | -8.71% | 14.38% | -6.21% | 13.16% |
ZDIVX Zacks Dividend Fund | 10.13% | 9.96% | 25.99% | 2.06% | 4.86% | 24.04% | -2.24% | 18.74% | 1.96% | 8.80% |
Correlation
The correlation between CYH.TO and ZDIVX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015 | 0.55 |
The correlation between CYH.TO and ZDIVX has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
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Return for Risk
CYH.TO vs. ZDIVX — Risk / Return Rank
CYH.TO
ZDIVX
CYH.TO vs. ZDIVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) and Zacks Dividend Fund (ZDIVX). 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.
| CYH.TO | ZDIVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.29 | 3.75 | +0.53 |
| Martin ratioReturn relative to average drawdown | 16.45 | 15.12 | +1.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CYH.TO | ZDIVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.37 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.08 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.79 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.77 | -0.45 |
Drawdowns
CYH.TO vs. ZDIVX - Drawdown Comparison
The maximum CYH.TO drawdown since its inception was -61.48%, which is greater than ZDIVX's maximum drawdown of -29.28%. Use the drawdown chart below to compare losses from any high point for CYH.TO and ZDIVX.
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Drawdown Indicators
| CYH.TO | ZDIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.48% | -29.28% | -32.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | -6.22% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -14.45% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -17.67% | -14.45% | -3.22% |
Max Drawdown (10Y)Largest decline over 10 years | -42.30% | -29.28% | -13.02% |
Current DrawdownCurrent decline from peak | -1.55% | 0.00% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -9.94% | -3.26% | -6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.54% | -0.15% |
Volatility
CYH.TO vs. ZDIVX - Volatility Comparison
iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) has a higher volatility of 2.72% compared to Zacks Dividend Fund (ZDIVX) at 2.55%. This indicates that CYH.TO's price experiences larger fluctuations and is considered to be riskier than ZDIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CYH.TO | ZDIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.55% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.18% | 7.73% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.96% | 9.87% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 11.71% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 14.57% | +2.45% |
CYH.TO vs. ZDIVX - Expense Ratio Comparison
CYH.TO has a 0.66% expense ratio, which is lower than ZDIVX's 1.30% expense ratio.
Dividends
CYH.TO vs. ZDIVX - Dividend Comparison
CYH.TO's dividend yield for the trailing twelve months is around 3.34%, less than ZDIVX's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 3.34% | 3.77% | 4.33% | 4.68% | 4.72% | 3.89% | 4.51% | 4.01% | 3.98% | 3.03% | 3.39% | 3.84% |
ZDIVX Zacks Dividend Fund | 3.39% | 3.70% | 5.88% | 6.01% | 6.32% | 3.97% | 2.81% | 2.51% | 6.66% | 3.30% | 1.59% | 2.85% |
Frequently Asked Questions
CYH.TO and ZDIVX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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