DXG.TO vs. ZDH.TO
DXG.TO (Dynamic Active Global Dividend ETF) and ZDH.TO (BMO International Dividend Hedged to CAD ETF) are both Global Equity Income funds. Over the past 5 years, DXG.TO returned 15.64%/yr vs 14.37%/yr for ZDH.TO. At a 0.47 correlation, their price movements are largely independent.
Performance
DXG.TO vs. ZDH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXG.TO achieves a 19.78% return, which is significantly higher than ZDH.TO's 13.60% return.
DXG.TO
- 1D
- -1.01%
- 1M
- -3.57%
- 6M
- 15.35%
- YTD
- 19.78%
- 1Y
- 25.99%
- 3Y*
- 31.35%
- 5Y*
- 15.64%
- 10Y*
- —
ZDH.TO
- 1D
- 0.60%
- 1M
- 1.65%
- 6M
- 10.10%
- YTD
- 13.60%
- 1Y
- 29.49%
- 3Y*
- 17.75%
- 5Y*
- 14.37%
- 10Y*
- 10.72%
DXG.TO vs. ZDH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXG.TO Dynamic Active Global Dividend ETF | 19.78% | 13.33% | 55.25% | 10.41% | -16.50% | 10.24% | 35.26% | 24.34% | 14.67% | 17.26% |
ZDH.TO BMO International Dividend Hedged to CAD ETF | 13.60% | 22.25% | 10.75% | 17.44% | 3.43% | 19.87% | -9.45% | 19.93% | -9.14% | 13.99% |
Correlation
The correlation between DXG.TO and ZDH.TO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2017 | 0.47 |
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Return for Risk
DXG.TO vs. ZDH.TO — Risk / Return Rank
DXG.TO
ZDH.TO
DXG.TO vs. ZDH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Global Dividend ETF (DXG.TO) and BMO International Dividend Hedged to CAD ETF (ZDH.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.
| DXG.TO | ZDH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.47 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 3.32 | -1.11 |
| Martin ratioReturn relative to average drawdown | 7.78 | 13.96 | -6.18 |
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Drawdowns
DXG.TO vs. ZDH.TO - Drawdown Comparison
The maximum DXG.TO drawdown since its inception was -26.03%, smaller than the maximum ZDH.TO drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for DXG.TO and ZDH.TO.
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Drawdown Indicators
| DXG.TO | ZDH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.03% | -37.62% | +11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | -8.92% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -22.90% | -13.74% | -9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.03% | -13.74% | -12.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.62% | — |
Current DrawdownCurrent decline from peak | -6.49% | -0.14% | -6.35% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -4.03% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.12% | +1.23% |
Volatility
DXG.TO vs. ZDH.TO - Volatility Comparison
Dynamic Active Global Dividend ETF (DXG.TO) has a higher volatility of 7.65% compared to BMO International Dividend Hedged to CAD ETF (ZDH.TO) at 3.05%. This indicates that DXG.TO's price experiences larger fluctuations and is considered to be riskier than ZDH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXG.TO | ZDH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 3.05% | +4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 18.75% | 9.65% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.71% | 11.75% | +9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.52% | 13.30% | +6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 16.31% | +3.19% |
Dividends
DXG.TO vs. ZDH.TO - Dividend Comparison
DXG.TO has not paid dividends to shareholders, while ZDH.TO's dividend yield for the trailing twelve months is around 2.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXG.TO Dynamic Active Global Dividend ETF | 0.00% | 0.00% | 12.23% | 0.50% | 0.17% | 0.02% | 0.00% | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% |
ZDH.TO BMO International Dividend Hedged to CAD ETF | 2.72% | 3.09% | 4.03% | 4.25% | 4.06% | 3.72% | 5.35% | 4.88% | 5.37% | 4.43% | 4.38% | 1.67% |
Frequently Asked Questions
DXG.TO and ZDH.TO have a correlation of 0.50, 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: Dynamic and BMO.
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