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PDIV.TO vs. ZZZD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PDIV.TO vs. ZZZD.TO

Last updated Jul 14, 2026
Documentation

PDIV.TO (Purpose Enhanced Dividend Fund ETF) and ZZZD.TO (BMO Tactical Dividend ETF Fund) are both Dividend funds. Both are actively managed. Over the past 5 years, PDIV.TO returned 7.93%/yr vs 6.83%/yr for ZZZD.TO. At a 0.17 correlation, their price movements are largely independent.

Performance

PDIV.TO vs. ZZZD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Enhanced Dividend Fund ETF (PDIV.TO) and BMO Tactical Dividend ETF Fund (ZZZD.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PDIV.TO achieves a 9.98% return, which is significantly lower than ZZZD.TO's 10.61% return.

PDIV.TO

1D
0.10%
1M
1.93%
6M
8.83%
YTD
9.98%
1Y
20.05%
3Y*
12.11%
5Y*
7.93%
10Y*
9.09%

ZZZD.TO

1D
-0.50%
1M
-0.46%
6M
9.46%
YTD
10.61%
1Y
14.44%
3Y*
10.27%
5Y*
6.83%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PDIV.TO vs. ZZZD.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
PDIV.TO
Purpose Enhanced Dividend Fund ETF		9.98%14.66%10.71%4.64%-4.39%20.18%-1.15%20.18%
ZZZD.TO
BMO Tactical Dividend ETF Fund		10.61%10.01%3.96%10.10%-0.86%5.24%-9.74%9.67%

Correlation

The correlation between PDIV.TO and ZZZD.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.22

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Jan 11, 2019

0.17

PDIV.TO vs. ZZZD.TO - Sectors Allocation Comparison

Sectors
PDIV.TO
ZZZD.TO

Financial Services

35.7%
16.3%

Technology

16.5%
16.4%

Energy

12.9%
10.2%

Consumer Cyclical

7.5%
4.2%

Industrials

5.9%
7.6%

Healthcare

5.4%
12.3%

Basic Materials

4.5%
4.4%

Utilities

4.2%
12.4%

Communication Services

4.0%
10.5%

Consumer Defensive

3.4%
4.6%

Real Estate

-

1.2%

Financial Services

PDIV.TO
35.7%
ZZZD.TO
16.3%

Technology

PDIV.TO
16.5%
ZZZD.TO
16.4%

Energy

PDIV.TO
12.9%
ZZZD.TO
10.2%

Consumer Cyclical

PDIV.TO
7.5%
ZZZD.TO
4.2%

Industrials

PDIV.TO
5.9%
ZZZD.TO
7.6%

Healthcare

PDIV.TO
5.4%
ZZZD.TO
12.3%

Basic Materials

PDIV.TO
4.5%
ZZZD.TO
4.4%

Utilities

PDIV.TO
4.2%
ZZZD.TO
12.4%

Communication Services

PDIV.TO
4.0%
ZZZD.TO
10.5%

Consumer Defensive

PDIV.TO
3.4%
ZZZD.TO
4.6%

Real Estate

PDIV.TO

-

ZZZD.TO
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Purpose Enhanced Dividend Fund ETF

BMO Tactical Dividend ETF Fund

Often compared with PDIV.TO:
PDIV.TO vs. HDIV.TOPDIV.TO vs. MNY.TOPDIV.TO vs. VDY.TOPDIV.TO vs. HYLD.TOPDIV.TO vs. SPYIPDIV.TO vs. PDC.TOPDIV.TO vs. PMIF.TO
Often compared with ZZZD.TO:
ZZZD.TO vs. CWIN.TOZZZD.TO vs. ZNQ.TOZZZD.TO vs. ZSP.TOZZZD.TO vs. ZUD.TOZZZD.TO vs. IQD.TOZZZD.TO vs. XDU.TOZZZD.TO vs. ZDV.TO

Return for Risk

PDIV.TO vs. ZZZD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PDIV.TO
PDIV.TO Risk / Return Rank: 9292
Overall Rank
PDIV.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
PDIV.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
PDIV.TO Omega Ratio Rank: 9595
Omega Ratio Rank
PDIV.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
PDIV.TO Martin Ratio Rank: 9191
Martin Ratio Rank
ZZZD.TO
ZZZD.TO Risk / Return Rank: 7979
Overall Rank
ZZZD.TO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
ZZZD.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
ZZZD.TO Omega Ratio Rank: 7171
Omega Ratio Rank
ZZZD.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
ZZZD.TO Martin Ratio Rank: 9292
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDIV.TO vs. ZZZD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Enhanced Dividend Fund ETF (PDIV.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.

PDIV.TOZZZD.TODifference
Sharpe ratioReturn per unit of total volatility
2.93
1.71

+1.21

Sortino ratioReturn per unit of downside risk
4.06
2.59

+1.48

Omega ratioGain probability vs. loss probability

1.60

1.33

+0.26

Calmar ratioReturn relative to maximum drawdown

3.82

5.34

-1.52

Martin ratioReturn relative to average drawdown

16.66

17.40

-0.74

PDIV.TO vs. ZZZD.TO - Sharpe Ratio Comparison

The current PDIV.TO Sharpe Ratio is 2.93, which is higher than the ZZZD.TO Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of PDIV.TO and ZZZD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PDIV.TO vs. ZZZD.TO - Drawdown Comparison

The maximum PDIV.TO drawdown since its inception was -30.64%, 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 PDIV.TO and ZZZD.TO.

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Drawdown Indicators

PDIV.TOZZZD.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.64%

-22.28%

-8.36%

Max Drawdown (1Y)

Largest decline over 1 year

-5.27%

-2.72%

-2.55%

Max Drawdown (3Y)

Largest decline over 3 years

-8.82%

-9.21%

+0.39%

Max Drawdown (5Y)

Largest decline over 5 years

-15.93%

-14.72%

-1.21%

Max Drawdown (10Y)

Largest decline over 10 years

-30.64%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.11%

+1.11%

Average Drawdown

Average peak-to-trough decline

-4.33%

-4.67%

+0.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.21%

0.83%

+0.38%

Volatility

PDIV.TO vs. ZZZD.TO - Volatility Comparison

The current volatility for Purpose Enhanced Dividend Fund ETF (PDIV.TO) is 1.42%, while BMO Tactical Dividend ETF Fund (ZZZD.TO) has a volatility of 2.96%. This indicates that PDIV.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

PDIV.TOZZZD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.42%

2.96%

-1.54%

Volatility (6M)

Calculated over the trailing 6-month period

5.50%

6.50%

-1.00%

Volatility (1Y)

Calculated over the trailing 1-year period

6.89%

8.48%

-1.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.06%

11.17%

-1.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.91%

12.64%

+1.27%

Dividends

PDIV.TO vs. ZZZD.TO - Dividend Comparison

PDIV.TO's dividend yield for the trailing twelve months is around 11.66%, more than ZZZD.TO's 3.75% yield.

PositionTTM20252024202320222021202020192018201720162015
PDIV.TO
Purpose Enhanced Dividend Fund ETF		11.66%11.23%12.35%11.84%6.38%5.59%6.33%5.85%6.80%25.71%5.38%8.10%
ZZZD.TO
BMO Tactical Dividend ETF Fund		3.75%4.07%4.29%4.28%4.51%4.27%4.09%3.11%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PDIV.TO and ZZZD.TO have a correlation of 0.22, 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: Purpose Investments and BMO.

Portfolio Optimizer

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