FCUD.TO vs. ZZZD.TO
FCUD.TO (Fidelity U.S. High Dividend ETF) and ZZZD.TO (BMO Tactical Dividend ETF Fund) are both Dividend funds. Both are actively managed. Over the past 5 years, FCUD.TO returned 9.99%/yr vs 6.96%/yr for ZZZD.TO. At a 0.27 correlation, their price movements are largely independent.
Performance
FCUD.TO vs. ZZZD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCUD.TO achieves a 14.75% return, which is significantly higher than ZZZD.TO's 11.24% return.
FCUD.TO
- 1D
- 0.07%
- 1M
- 0.46%
- 6M
- 10.36%
- YTD
- 14.75%
- 1Y
- 5.31%
- 3Y*
- 11.70%
- 5Y*
- 9.99%
- 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*
- —
FCUD.TO vs. ZZZD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCUD.TO Fidelity U.S. High Dividend ETF | 14.75% | -5.65% | 22.63% | 8.12% | 0.48% | 31.54% | -4.76% | 15.23% |
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 FCUD.TO and ZZZD.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.27 |
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Return for Risk
FCUD.TO vs. ZZZD.TO — Risk / Return Rank
FCUD.TO
ZZZD.TO
FCUD.TO vs. ZZZD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Dividend ETF (FCUD.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.
| FCUD.TO | ZZZD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.35 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 5.61 | -5.23 |
| Martin ratioReturn relative to average drawdown | 0.87 | 18.21 | -17.35 |
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Drawdowns
FCUD.TO vs. ZZZD.TO - Drawdown Comparison
The maximum FCUD.TO drawdown since its inception was -38.79%, 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 FCUD.TO and ZZZD.TO.
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Drawdown Indicators
| FCUD.TO | ZZZD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -22.28% | -16.51% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -2.72% | -11.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -9.21% | -6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | -14.72% | -1.41% |
Current DrawdownCurrent decline from peak | -1.54% | -0.56% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -4.67% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 0.84% | +5.28% |
Volatility
FCUD.TO vs. ZZZD.TO - Volatility Comparison
The current volatility for Fidelity U.S. High Dividend ETF (FCUD.TO) is 1.82%, while BMO Tactical Dividend ETF Fund (ZZZD.TO) has a volatility of 2.48%. This indicates that FCUD.TO experiences smaller price fluctuations and is considered to be less risky than ZZZD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCUD.TO | ZZZD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 2.48% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 6.34% | 6.50% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 8.47% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 11.17% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.82% | 12.64% | +5.18% |
Dividends
FCUD.TO vs. ZZZD.TO - Dividend Comparison
FCUD.TO's dividend yield for the trailing twelve months is around 2.46%, less than ZZZD.TO's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FCUD.TO Fidelity U.S. High Dividend ETF | 2.46% | 3.13% | 2.15% | 2.45% | 2.72% | 2.16% | 4.10% | 2.90% | 1.01% |
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
FCUD.TO and ZZZD.TO have a correlation of 0.28, 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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