DXZ.TO vs. ZMID.TO
DXZ.TO (Dynamic Active U.S. Mid-Cap ETF) and ZMID.TO (BMO S&P US Mid Cap Index ETF) are both Mid Cap Blend Equities funds. Over the past 5 years, DXZ.TO returned 4.55%/yr vs 10.72%/yr for ZMID.TO. At a 0.41 correlation, their price movements are largely independent.
Performance
DXZ.TO vs. ZMID.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXZ.TO achieves a 9.64% return, which is significantly lower than ZMID.TO's 17.59% return.
DXZ.TO
- 1D
- -0.57%
- 1M
- 2.87%
- 6M
- 5.27%
- YTD
- 9.64%
- 1Y
- 7.80%
- 3Y*
- 9.04%
- 5Y*
- 4.55%
- 10Y*
- —
ZMID.TO
- 1D
- -0.33%
- 1M
- -0.27%
- 6M
- 10.47%
- YTD
- 17.59%
- 1Y
- 23.28%
- 3Y*
- 15.31%
- 5Y*
- 10.72%
- 10Y*
- —
DXZ.TO vs. ZMID.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DXZ.TO Dynamic Active U.S. Mid-Cap ETF | 9.64% | -6.29% | 19.70% | 7.48% | -8.39% | 23.29% | 7.13% |
ZMID.TO BMO S&P US Mid Cap Index ETF | 17.59% | 0.83% | 23.12% | 14.42% | -8.41% | 21.96% | 11.85% |
Correlation
The correlation between DXZ.TO and ZMID.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2020 | 0.41 |
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Return for Risk
DXZ.TO vs. ZMID.TO — Risk / Return Rank
DXZ.TO
ZMID.TO
DXZ.TO vs. ZMID.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active U.S. Mid-Cap ETF (DXZ.TO) and BMO S&P US Mid Cap Index ETF (ZMID.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.
| DXZ.TO | ZMID.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.68 | -1.79 |
| Martin ratioReturn relative to average drawdown | 2.35 | 10.34 | -7.99 |
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Drawdowns
DXZ.TO vs. ZMID.TO - Drawdown Comparison
The maximum DXZ.TO drawdown since its inception was -27.44%, which is greater than ZMID.TO's maximum drawdown of -24.51%. Use the drawdown chart below to compare losses from any high point for DXZ.TO and ZMID.TO.
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Drawdown Indicators
| DXZ.TO | ZMID.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.44% | -24.51% | -2.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -8.72% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.53% | -23.53% | +6.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.95% | -23.53% | -0.42% |
Current DrawdownCurrent decline from peak | -3.46% | -3.05% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -5.67% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.26% | +1.07% |
Volatility
DXZ.TO vs. ZMID.TO - Volatility Comparison
The current volatility for Dynamic Active U.S. Mid-Cap ETF (DXZ.TO) is 3.35%, while BMO S&P US Mid Cap Index ETF (ZMID.TO) has a volatility of 4.60%. This indicates that DXZ.TO experiences smaller price fluctuations and is considered to be less risky than ZMID.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXZ.TO | ZMID.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 4.60% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 12.49% | -1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 16.53% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 18.12% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.21% | 19.40% | +2.81% |
Dividends
DXZ.TO vs. ZMID.TO - Dividend Comparison
DXZ.TO's dividend yield for the trailing twelve months is around 0.29%, less than ZMID.TO's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DXZ.TO Dynamic Active U.S. Mid-Cap ETF | 0.29% | 0.32% | 0.43% | 0.63% | 0.07% | 0.36% | 0.85% | 0.45% | 0.35% |
ZMID.TO BMO S&P US Mid Cap Index ETF | 0.91% | 1.08% | 1.14% | 1.67% | 1.39% | 1.03% | 1.24% | 0.00% | 0.00% |
Frequently Asked Questions
DXZ.TO and ZMID.TO have a correlation of 0.35, 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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