FCRR.TO vs. ZZZD.TO
FCRR.TO (Fidelity U.S. Dividend for Rising Rates ETF) and ZZZD.TO (BMO Tactical Dividend ETF Fund) are both Dividend funds. Both are actively managed. Over the past 5 years, FCRR.TO returned 12.52%/yr vs 6.96%/yr for ZZZD.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
FCRR.TO vs. ZZZD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCRR.TO achieves a 14.88% return, which is significantly higher than ZZZD.TO's 11.24% return.
FCRR.TO
- 1D
- -0.03%
- 1M
- 0.87%
- 6M
- 12.05%
- YTD
- 14.88%
- 1Y
- 15.20%
- 3Y*
- 17.64%
- 5Y*
- 12.52%
- 10Y*
- —
ZZZD.TO
- 1D
- 0.53%
- 1M
- -0.48%
- 6M
- 10.53%
- YTD
- 11.24%
- 1Y
- 15.16%
- 3Y*
- 10.47%
- 5Y*
- 6.96%
- 10Y*
- —
FCRR.TO vs. ZZZD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCRR.TO Fidelity U.S. Dividend for Rising Rates ETF | 14.88% | 3.53% | 29.84% | 12.53% | -6.47% | 29.36% | 2.65% | 20.38% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 11.24% | 10.01% | 3.96% | 10.10% | -0.86% | 5.24% | -9.74% | 9.67% |
Correlation
The correlation between FCRR.TO and ZZZD.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.22 |
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Return for Risk
FCRR.TO vs. ZZZD.TO — Risk / Return Rank
FCRR.TO
ZZZD.TO
FCRR.TO vs. ZZZD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) and BMO Tactical Dividend ETF Fund (ZZZD.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.
| FCRR.TO | ZZZD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 5.61 | -4.79 |
| Martin ratioReturn relative to average drawdown | 1.64 | 18.21 | -16.58 |
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Drawdowns
FCRR.TO vs. ZZZD.TO - Drawdown Comparison
The maximum FCRR.TO drawdown since its inception was -31.45%, which is greater than ZZZD.TO's maximum drawdown of -22.28%. Use the drawdown chart below to compare losses from any high point for FCRR.TO and ZZZD.TO.
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Drawdown Indicators
| FCRR.TO | ZZZD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.45% | -22.28% | -9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -18.61% | -2.72% | -15.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | -9.21% | -9.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -14.72% | -3.89% |
Current DrawdownCurrent decline from peak | -3.84% | -0.56% | -3.28% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -4.67% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.29% | 0.84% | +8.45% |
Volatility
FCRR.TO vs. ZZZD.TO - Volatility Comparison
Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) and BMO Tactical Dividend ETF Fund (ZZZD.TO) have volatilities of 2.41% and 2.48%, 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
| FCRR.TO | ZZZD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 2.48% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 6.50% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 8.47% | +12.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 11.17% | +4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 12.64% | +4.18% |
Dividends
FCRR.TO vs. ZZZD.TO - Dividend Comparison
FCRR.TO's dividend yield for the trailing twelve months is around 1.55%, less than ZZZD.TO's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FCRR.TO Fidelity U.S. Dividend for Rising Rates ETF | 1.55% | 1.86% | 1.65% | 2.01% | 2.08% | 1.59% | 2.53% | 2.27% | 0.61% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 3.73% | 4.07% | 4.29% | 4.28% | 4.51% | 4.27% | 4.09% | 3.11% | 0.00% |
Frequently Asked Questions
FCRR.TO and ZZZD.TO have a correlation of 0.25, 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: Fidelity and BMO.
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