IDIV-B.TO vs. ZZZD.TO
IDIV-B.TO (Manulife Smart International Dividend ETF Unhedged Units) and ZZZD.TO (BMO Tactical Dividend ETF Fund) are both Dividend funds. Both are actively managed. Over the past 3 years, IDIV-B.TO returned 20.10%/yr vs 10.47%/yr for ZZZD.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
IDIV-B.TO vs. ZZZD.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IDIV-B.TO achieves a 15.90% return, which is significantly higher than ZZZD.TO's 11.24% return.
IDIV-B.TO
- 1D
- 0.80%
- 1M
- 1.41%
- 6M
- 11.15%
- YTD
- 15.90%
- 1Y
- 24.21%
- 3Y*
- 20.10%
- 5Y*
- —
- 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*
- —
IDIV-B.TO vs. ZZZD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units | 15.90% | 30.89% | 11.95% | 12.28% | 7.59% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 11.24% | 10.01% | 3.96% | 10.10% | 6.12% |
Correlation
The correlation between IDIV-B.TO and ZZZD.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2022 | 0.12 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IDIV-B.TO vs. ZZZD.TO — Risk / Return Rank
IDIV-B.TO
ZZZD.TO
IDIV-B.TO vs. ZZZD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.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.
| IDIV-B.TO | ZZZD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 5.61 | -3.18 |
| Martin ratioReturn relative to average drawdown | 9.37 | 18.21 | -8.84 |
Loading charts...
Drawdowns
IDIV-B.TO vs. ZZZD.TO - Drawdown Comparison
The maximum IDIV-B.TO drawdown since its inception was -13.62%, smaller than the maximum ZZZD.TO drawdown of -22.28%. Use the drawdown chart below to compare losses from any high point for IDIV-B.TO and ZZZD.TO.
Loading charts...
Drawdown Indicators
| IDIV-B.TO | ZZZD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -22.28% | +8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.03% | -2.72% | -7.31% |
Max Drawdown (3Y)Largest decline over 3 years | -13.62% | -9.21% | -4.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.72% | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.56% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -1.77% | -4.67% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 0.84% | +1.75% |
Volatility
IDIV-B.TO vs. ZZZD.TO - Volatility Comparison
Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) has a higher volatility of 3.32% compared to BMO Tactical Dividend ETF Fund (ZZZD.TO) at 2.48%. This indicates that IDIV-B.TO's price experiences larger fluctuations and is considered to be riskier than ZZZD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IDIV-B.TO | ZZZD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.48% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 6.50% | +6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.38% | 8.47% | +7.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.33% | 11.17% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 12.64% | +1.69% |
Dividends
IDIV-B.TO vs. ZZZD.TO - Dividend Comparison
IDIV-B.TO's dividend yield for the trailing twelve months is around 2.92%, less than ZZZD.TO's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units | 2.92% | 3.12% | 3.52% | 1.73% | 0.20% | 0.00% | 0.00% | 0.00% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 3.73% | 4.07% | 4.29% | 4.28% | 4.51% | 4.27% | 4.09% | 3.11% |
Frequently Asked Questions
IDIV-B.TO and ZZZD.TO have a correlation of 0.20, 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: Manulife and BMO.
Find the right allocation for IDIV-B.TO and ZZZD.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer