PDF.TO vs. ZWH.TO
Compare and contrast key facts about Purpose Core Dividend Fund Series ETF (PDF.TO) and BMO US High Dividend Covered Call ETF (ZWH.TO).
PDF.TO and ZWH.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZWH.TO is an actively managed fund by BMO. It was launched on Feb 9, 2014.
Performance
PDF.TO vs. ZWH.TO - Performance Comparison
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PDF.TO vs. ZWH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDF.TO Purpose Core Dividend Fund Series ETF | 5.85% | 20.81% | 13.61% | 4.13% | -1.74% | 24.35% | -0.79% | 23.25% | -11.14% | 7.37% |
ZWH.TO BMO US High Dividend Covered Call ETF | 3.51% | 6.40% | 19.30% | 5.04% | -0.57% | 24.20% | 0.19% | 17.18% | 0.10% | 5.95% |
Returns By Period
In the year-to-date period, PDF.TO achieves a 5.85% return, which is significantly higher than ZWH.TO's 3.51% return. Both investments have delivered pretty close results over the past 10 years, with PDF.TO having a 8.85% annualized return and ZWH.TO not far ahead at 9.03%.
PDF.TO
- 1D
- 1.52%
- 1M
- -3.48%
- YTD
- 5.85%
- 6M
- 10.43%
- 1Y
- 21.70%
- 3Y*
- 14.54%
- 5Y*
- 10.84%
- 10Y*
- 8.85%
ZWH.TO
- 1D
- 1.66%
- 1M
- -1.71%
- YTD
- 3.51%
- 6M
- 4.63%
- 1Y
- 8.82%
- 3Y*
- 10.79%
- 5Y*
- 9.58%
- 10Y*
- 9.03%
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PDF.TO vs. ZWH.TO - Expense Ratio Comparison
Return for Risk
PDF.TO vs. ZWH.TO — Risk / Return Rank
PDF.TO
ZWH.TO
PDF.TO vs. ZWH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Core Dividend Fund Series ETF (PDF.TO) and BMO US High Dividend Covered Call ETF (ZWH.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.
| PDF.TO | ZWH.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.14 | 0.62 | +1.52 |
Sortino ratioReturn per unit of downside risk | 2.77 | 0.91 | +1.85 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.14 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 0.86 | +1.55 |
Martin ratioReturn relative to average drawdown | 11.16 | 2.72 | +8.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PDF.TO | ZWH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 0.62 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.83 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.61 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.75 | 0.00 |
Correlation
The correlation between PDF.TO and ZWH.TO is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PDF.TO vs. ZWH.TO - Dividend Comparison
PDF.TO's dividend yield for the trailing twelve months is around 3.14%, less than ZWH.TO's 6.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDF.TO Purpose Core Dividend Fund Series ETF | 3.14% | 3.77% | 3.82% | 4.17% | 3.77% | 3.19% | 3.84% | 3.65% | 4.33% | 3.50% | 3.38% | 3.40% |
ZWH.TO BMO US High Dividend Covered Call ETF | 6.23% | 6.22% | 4.87% | 5.71% | 6.03% | 5.64% | 6.59% | 5.97% | 5.66% | 5.46% | 5.57% | 5.31% |
Drawdowns
PDF.TO vs. ZWH.TO - Drawdown Comparison
The maximum PDF.TO drawdown since its inception was -36.00%, which is greater than ZWH.TO's maximum drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for PDF.TO and ZWH.TO.
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Drawdown Indicators
| PDF.TO | ZWH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.00% | -34.01% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -11.79% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -15.93% | -15.59% | -0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -36.00% | -34.01% | -1.99% |
Current DrawdownCurrent decline from peak | -3.55% | -2.51% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -3.14% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 3.95% | -1.95% |
Volatility
PDF.TO vs. ZWH.TO - Volatility Comparison
Purpose Core Dividend Fund Series ETF (PDF.TO) and BMO US High Dividend Covered Call ETF (ZWH.TO) have volatilities of 3.79% and 3.75%, 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
| PDF.TO | ZWH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.75% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 7.44% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.22% | 14.48% | -4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.30% | 11.59% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.58% | 14.83% | -1.25% |