DOL.TO vs. ZNQ.TO
DOL.TO (Dollarama Inc.) is a stock, while ZNQ.TO (BMO NASDAQ 100 Equity Index ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, DOL.TO returned 27.34%/yr vs 17.44%/yr for ZNQ.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
DOL.TO vs. ZNQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DOL.TO achieves a -7.72% return, which is significantly lower than ZNQ.TO's 17.81% return.
DOL.TO
- 1D
- 1.60%
- 1M
- 0.65%
- 6M
- -4.48%
- YTD
- -7.72%
- 1Y
- -0.19%
- 3Y*
- 29.38%
- 5Y*
- 27.34%
- 10Y*
- 20.34%
ZNQ.TO
- 1D
- -1.55%
- 1M
- -2.79%
- 6M
- 14.98%
- YTD
- 17.81%
- 1Y
- 30.27%
- 3Y*
- 25.63%
- 5Y*
- 17.44%
- 10Y*
- —
DOL.TO vs. ZNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DOL.TO Dollarama Inc. | -7.72% | 46.59% | 47.34% | 20.96% | 25.45% | 22.47% | 16.69% | 24.24% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | 17.81% | 14.95% | 35.84% | 51.32% | -28.06% | 26.59% | 44.65% | 22.53% |
Correlation
The correlation between DOL.TO and ZNQ.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 (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2019 | 0.24 |
Over the past year, the correlation between DOL.TO and ZNQ.TO has dropped to 0.03 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
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Return for Risk
DOL.TO vs. ZNQ.TO — Risk / Return Rank
DOL.TO
ZNQ.TO
DOL.TO vs. ZNQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dollarama Inc. (DOL.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.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.
| DOL.TO | ZNQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.30 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.48 | -2.49 |
| Martin ratioReturn relative to average drawdown | -0.02 | 7.62 | -7.64 |
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Drawdowns
DOL.TO vs. ZNQ.TO - Drawdown Comparison
The maximum DOL.TO drawdown since its inception was -44.98%, which is greater than ZNQ.TO's maximum drawdown of -32.09%. Use the drawdown chart below to compare losses from any high point for DOL.TO and ZNQ.TO.
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Drawdown Indicators
| DOL.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.98% | -32.09% | -12.89% |
Max Drawdown (1Y)Largest decline over 1 year | -19.07% | -12.24% | -6.83% |
Max Drawdown (3Y)Largest decline over 3 years | -19.07% | -22.67% | +3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.07% | -32.09% | +13.02% |
Max Drawdown (10Y)Largest decline over 10 years | -44.98% | — | — |
Current DrawdownCurrent decline from peak | -8.18% | -5.27% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -6.44% | -6.57% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.97% | 3.98% | +4.99% |
Volatility
DOL.TO vs. ZNQ.TO - Volatility Comparison
The current volatility for Dollarama Inc. (DOL.TO) is 5.42%, while BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) has a volatility of 7.48%. This indicates that DOL.TO experiences smaller price fluctuations and is considered to be less risky than ZNQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOL.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 7.48% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 20.16% | 15.28% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.18% | 18.44% | +4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.91% | 21.25% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.40% | 22.47% | +1.93% |
Dividends
DOL.TO vs. ZNQ.TO - Dividend Comparison
DOL.TO's dividend yield for the trailing twelve months is around 0.24%, more than ZNQ.TO's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOL.TO Dollarama Inc. | 0.24% | 0.20% | 0.25% | 0.28% | 0.27% | 0.31% | 0.34% | 0.39% | 0.95% | 0.82% | 1.19% | 1.31% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | 0.21% | 0.25% | 0.30% | 0.35% | 0.23% | 0.12% | 0.47% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DOL.TO and ZNQ.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.
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