DGR.TO vs. ZUD.TO
DGR.TO (CI U.S. Quality Dividend Growth Index ETF) and ZUD.TO (BMO US Dividend Hedged to CAD ETF) are both Dividend funds. Over the past 5 years, DGR.TO returned 10.28%/yr vs 10.22%/yr for ZUD.TO. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
DGR.TO vs. ZUD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DGR.TO achieves a 5.64% return, which is significantly lower than ZUD.TO's 14.29% return.
DGR.TO
- 1D
- 0.37%
- 1M
- -1.64%
- YTD
- 5.64%
- 6M
- 5.56%
- 1Y
- 13.36%
- 3Y*
- 12.68%
- 5Y*
- 10.28%
- 10Y*
- —
ZUD.TO
- 1D
- 0.18%
- 1M
- -0.75%
- YTD
- 14.29%
- 6M
- 13.68%
- 1Y
- 21.33%
- 3Y*
- 15.49%
- 5Y*
- 10.22%
- 10Y*
- 9.32%
DGR.TO vs. ZUD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGR.TO CI U.S. Quality Dividend Growth Index ETF | 5.64% | 10.57% | 16.04% | 17.92% | -8.16% | 24.28% | 10.08% | 28.48% | -7.88% | 24.43% |
ZUD.TO BMO US Dividend Hedged to CAD ETF | 14.29% | 11.69% | 15.31% | 6.36% | -7.23% | 25.80% | -5.27% | 21.08% | -5.69% | 13.59% |
Correlation
The correlation between DGR.TO and ZUD.TO is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2016 | 0.58 |
The correlation between DGR.TO and ZUD.TO has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
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Return for Risk
DGR.TO vs. ZUD.TO — Risk / Return Rank
DGR.TO
ZUD.TO
DGR.TO vs. ZUD.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 US Dividend Hedged to CAD ETF (ZUD.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.TO | ZUD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 3.78 | -2.21 |
| Martin ratioReturn relative to average drawdown | 6.30 | 12.14 | -5.84 |
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Drawdowns
DGR.TO vs. ZUD.TO - Drawdown Comparison
The maximum DGR.TO drawdown since its inception was -30.73%, smaller than the maximum ZUD.TO drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for DGR.TO and ZUD.TO.
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Drawdown Indicators
| DGR.TO | ZUD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.73% | -40.60% | +9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.55% | -5.67% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -16.65% | -14.94% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | -17.65% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.60% | — |
Current DrawdownCurrent decline from peak | -2.31% | -1.23% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -4.08% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 1.76% | +0.37% |
Volatility
DGR.TO vs. ZUD.TO - Volatility Comparison
CI U.S. Quality Dividend Growth Index ETF (DGR.TO) and BMO US Dividend Hedged to CAD ETF (ZUD.TO) have volatilities of 3.43% and 3.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGR.TO | ZUD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 3.42% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 7.74% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 11.46% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.12% | 15.24% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.23% | 16.99% | -1.76% |
Dividends
DGR.TO vs. ZUD.TO - Dividend Comparison
DGR.TO's dividend yield for the trailing twelve months is around 1.15%, less than ZUD.TO's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
ZUD.TO BMO US Dividend Hedged to CAD ETF | 1.47% | 1.68% | 2.17% | 2.54% | 2.77% | 2.50% | 3.76% | 3.13% | 3.11% | 2.69% | 2.61% | 2.97% |
Frequently Asked Questions
DGR.TO and ZUD.TO have a correlation of 0.61, 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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