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DGR.TO vs. ZDIV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DGR.TO vs. ZDIV.TO

Last updated Jul 1, 2026
See Documentation

DGR.TO (CI U.S. Quality Dividend Growth Index ETF) and ZDIV.TO (BMO MSCI Canada IMI High Dividend Yield Index ETF) are both Dividend funds. At a correlation of -0.03, they often move in opposite directions.

Performance

DGR.TO vs. ZDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI U.S. Quality Dividend Growth Index ETF (DGR.TO) and BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

DGR.TO

1D
0.37%
1M
-1.64%
YTD
5.64%
6M
5.56%
1Y
13.36%
3Y*
12.68%
5Y*
10.28%
10Y*
—

ZDIV.TO

1D
0.50%
1M
1.52%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)
DGR.TO
CI U.S. Quality Dividend Growth Index ETF		4.39%
ZDIV.TO
BMO MSCI Canada IMI High Dividend Yield Index ETF		14.59%

Correlation

The correlation between DGR.TO and ZDIV.TO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.03

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CI U.S. Quality Dividend Growth Index ETF

BMO MSCI Canada IMI High Dividend Yield Index ETF

Often compared with ZDIV.TO:
ZDIV.TO vs. XDIV.TOZDIV.TO vs. CAGE.TOZDIV.TO vs. VDY.TOZDIV.TO vs. FCCD.TOZDIV.TO vs. DXU.TOZDIV.TO vs. ZDV.TOZDIV.TO vs. FINN.NEO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DGR.TO
DGR.TO Risk / Return Rank: 4141
Overall Rank
DGR.TO Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
DGR.TO Sortino Ratio Rank: 4444
Sortino Ratio Rank
DGR.TO Omega Ratio Rank: 4141
Omega Ratio Rank
DGR.TO Calmar Ratio Rank: 3535
Calmar Ratio Rank
DGR.TO Martin Ratio Rank: 4444
Martin Ratio Rank
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) 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.

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

This table presents a comparison of risk-adjusted performance metrics for CI U.S. Quality Dividend Growth Index ETF (DGR.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.

DGR.TOZDIV.TODifference
Sharpe ratioReturn per unit of total volatility
1.28

—

—

Sortino ratioReturn per unit of downside risk
1.95

—

—

Omega ratioGain probability vs. loss probability

1.24

—

—

Calmar ratioReturn relative to maximum drawdown

1.57

—

—

Martin ratioReturn relative to average drawdown

6.30

—

—

DGR.TO vs. ZDIV.TO - Sharpe Ratio Comparison

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Drawdowns

DGR.TO vs. ZDIV.TO - Drawdown Comparison

The maximum DGR.TO drawdown since its inception was -30.73%, 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 DGR.TO and ZDIV.TO.

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Drawdown Indicators

DGR.TOZDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.73%

-2.60%

-28.13%

Max Drawdown (1Y)

Largest decline over 1 year

-8.55%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-16.65%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-17.92%

—

—

Current Drawdown

Current decline from peak

-2.31%

-1.28%

-1.03%

Average Drawdown

Average peak-to-trough decline

-3.52%

-0.56%

-2.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.13%

—

—

Volatility

DGR.TO vs. ZDIV.TO - Volatility Comparison

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Volatility by Period

DGR.TOZDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.43%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

8.15%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

10.51%

9.81%

+0.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.12%

9.81%

+4.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.23%

9.81%

+5.42%

Dividends

DGR.TO vs. ZDIV.TO - Dividend Comparison

DGR.TO's dividend yield for the trailing twelve months is around 1.15%, less than ZDIV.TO's 1.21% yield.

PositionTTM2025202420232022202120202019201820172016
DGR.TO
CI U.S. Quality Dividend Growth Index ETF		1.15%1.24%0.94%1.53%1.70%1.26%1.29%1.67%1.94%1.29%0.62%
ZDIV.TO
BMO MSCI Canada IMI High Dividend Yield Index ETF		1.21%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

DGR.TO and ZDIV.TO have a correlation of -0.03, 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: CI and BMO.

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