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

RCD.TO vs. ZZZD.TO

Last updated Jul 17, 2026
Documentation

RCD.TO (RBC Quant Canadian Dividend Leaders ETF) and ZZZD.TO (BMO Tactical Dividend ETF Fund) are both Dividend funds. Over the past 5 years, RCD.TO returned 10.54%/yr vs 7.00%/yr for ZZZD.TO. At a 0.21 correlation, their price movements are largely independent.

Performance

RCD.TO vs. ZZZD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Quant Canadian Dividend Leaders ETF (RCD.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, RCD.TO achieves a 13.27% return, which is significantly higher than ZZZD.TO's 11.41% return.

RCD.TO

1D
0.12%
1M
-0.20%
6M
8.63%
YTD
13.27%
1Y
20.90%
3Y*
14.70%
5Y*
10.54%
10Y*
10.15%

ZZZD.TO

1D
0.16%
1M
0.47%
6M
9.44%
YTD
11.41%
1Y
15.70%
3Y*
10.75%
5Y*
7.00%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
RCD.TO
RBC Quant Canadian Dividend Leaders ETF		13.27%22.09%11.41%10.95%-2.83%28.19%-8.74%26.59%
ZZZD.TO
BMO Tactical Dividend ETF Fund		11.41%10.01%3.96%10.10%-0.86%5.24%-9.74%9.67%

Correlation

The correlation between RCD.TO and ZZZD.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.19

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

0.14

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

0.19

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

0.21

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

Sectors
RCD.TO
ZZZD.TO

Financial Services

29.3%
16.3%

Energy

20.4%
10.2%

Basic Materials

15.7%
4.4%

Industrials

7.3%
7.6%

Technology

7.0%
16.4%

Utilities

6.1%
12.4%

Communication Services

4.6%
10.5%

Consumer Cyclical

4.0%
4.2%

Consumer Defensive

3.4%
4.6%

Real Estate

2.1%
1.2%

Healthcare

-

12.3%

Financial Services

RCD.TO
29.3%
ZZZD.TO
16.3%

Energy

RCD.TO
20.4%
ZZZD.TO
10.2%

Basic Materials

RCD.TO
15.7%
ZZZD.TO
4.4%

Industrials

RCD.TO
7.3%
ZZZD.TO
7.6%

Technology

RCD.TO
7.0%
ZZZD.TO
16.4%

Utilities

RCD.TO
6.1%
ZZZD.TO
12.4%

Communication Services

RCD.TO
4.6%
ZZZD.TO
10.5%

Consumer Cyclical

RCD.TO
4.0%
ZZZD.TO
4.2%

Consumer Defensive

RCD.TO
3.4%
ZZZD.TO
4.6%

Real Estate

RCD.TO
2.1%
ZZZD.TO
1.2%

Healthcare

RCD.TO

-

ZZZD.TO
12.3%

Compare stocks, funds, or ETFs

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

RBC Quant Canadian Dividend Leaders ETF

BMO Tactical Dividend ETF Fund

Often compared with RCD.TO:
RCD.TO vs. XEI.TORCD.TO vs. VDY.TORCD.TO vs. DMEC.TORCD.TO vs. XDIV.TORCD.TO vs. PDC.TORCD.TO vs. RCDC.TORCD.TO vs. XMV.TO
Often compared with ZZZD.TO:
ZZZD.TO vs. CWIN.TOZZZD.TO vs. ICAE.TOZZZD.TO vs. ZUD.TOZZZD.TO vs. XDU.TOZZZD.TO vs. ZNQ.TOZZZD.TO vs. ZSP.TOZZZD.TO vs. DGR.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RCD.TO
RCD.TO Risk / Return Rank: 5656
Overall Rank
RCD.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
RCD.TO Sortino Ratio Rank: 4343
Sortino Ratio Rank
RCD.TO Omega Ratio Rank: 6666
Omega Ratio Rank
RCD.TO Calmar Ratio Rank: 6161
Calmar Ratio Rank
RCD.TO Martin Ratio Rank: 5555
Martin Ratio Rank
ZZZD.TO
ZZZD.TO Risk / Return Rank: 8383
Overall Rank
ZZZD.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ZZZD.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
ZZZD.TO Omega Ratio Rank: 7777
Omega Ratio Rank
ZZZD.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
ZZZD.TO Martin Ratio Rank: 9393
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.

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

This table presents a comparison of risk-adjusted performance metrics for RBC Quant Canadian Dividend Leaders ETF (RCD.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.

RCD.TOZZZD.TODifference
Sharpe ratioReturn per unit of total volatility
1.51
1.86

-0.36

Sortino ratioReturn per unit of downside risk
1.81
2.80

-0.99

Omega ratioGain probability vs. loss probability

1.32

1.36

-0.05

Calmar ratioReturn relative to maximum drawdown

2.43

5.81

-3.38

Martin ratioReturn relative to average drawdown

7.56

18.85

-11.29

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

The current RCD.TO Sharpe Ratio is 1.51, which is comparable to the ZZZD.TO Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of RCD.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

RCD.TO vs. ZZZD.TO - Drawdown Comparison

The maximum RCD.TO drawdown since its inception was -42.74%, 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 RCD.TO and ZZZD.TO.

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Drawdown Indicators

RCD.TOZZZD.TODifference

Max Drawdown

Largest peak-to-trough decline

-42.74%

-22.28%

-20.46%

Max Drawdown (1Y)

Largest decline over 1 year

-8.65%

-2.72%

-5.93%

Max Drawdown (3Y)

Largest decline over 3 years

-21.67%

-9.21%

-12.46%

Max Drawdown (5Y)

Largest decline over 5 years

-21.67%

-14.72%

-6.95%

Max Drawdown (10Y)

Largest decline over 10 years

-42.74%

—

—

Current Drawdown

Current decline from peak

-0.20%

-0.40%

+0.20%

Average Drawdown

Average peak-to-trough decline

-9.91%

-4.66%

-5.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.77%

0.83%

+1.94%

Volatility

RCD.TO vs. ZZZD.TO - Volatility Comparison

RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and BMO Tactical Dividend ETF Fund (ZZZD.TO) have volatilities of 2.24% and 2.34%, 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

RCD.TOZZZD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.24%

2.34%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

9.24%

6.41%

+2.83%

Volatility (1Y)

Calculated over the trailing 1-year period

13.91%

8.47%

+5.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

51.45%

11.17%

+40.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

54.67%

12.63%

+42.04%

Dividends

RCD.TO vs. ZZZD.TO - Dividend Comparison

RCD.TO's dividend yield for the trailing twelve months is around 2.96%, less than ZZZD.TO's 3.72% yield.

PositionTTM20252024202320222021202020192018201720162015
RCD.TO
RBC Quant Canadian Dividend Leaders ETF		2.96%3.32%3.71%4.00%3.97%2.76%4.07%3.41%4.30%3.55%3.63%3.95%
ZZZD.TO
BMO Tactical Dividend ETF Fund		3.72%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

RCD.TO and ZZZD.TO have a correlation of 0.19, 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: RBC and BMO.

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