RPD.TO vs. ZWP.TO
RPD.TO (RBC Quant European Dividend Leaders ETF) and ZWP.TO (BMO Covered Call Europe High Dividend ETF) are both Europe Equities funds. Both are actively managed. Over the past 5 years, RPD.TO returned 14.90%/yr vs 10.80%/yr for ZWP.TO. At a 0.39 correlation, their price movements are largely independent.
Performance
RPD.TO vs. ZWP.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RPD.TO achieves a 16.20% return, which is significantly higher than ZWP.TO's 6.14% return.
RPD.TO
- 1D
- 0.00%
- 1M
- -0.42%
- 6M
- 11.45%
- YTD
- 16.20%
- 1Y
- 33.74%
- 3Y*
- 23.92%
- 5Y*
- 14.90%
- 10Y*
- 9.99%
ZWP.TO
- 1D
- 0.34%
- 1M
- -0.33%
- 6M
- 3.58%
- YTD
- 6.14%
- 1Y
- 16.78%
- 3Y*
- 13.74%
- 5Y*
- 10.80%
- 10Y*
- —
RPD.TO vs. ZWP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RPD.TO RBC Quant European Dividend Leaders ETF | 16.20% | 39.81% | 9.01% | 20.93% | -10.71% | 17.45% | -1.87% | 10.32% | -12.74% |
ZWP.TO BMO Covered Call Europe High Dividend ETF | 6.14% | 22.37% | 8.60% | 16.33% | -0.97% | 12.69% | -3.55% | 13.15% | -8.57% |
Correlation
The correlation between RPD.TO and ZWP.TO is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018 | 0.39 |
Over the past year, RPD.TO and ZWP.TO have become more correlated (0.69) than their long-term average of 0.39, meaning their price movements have been converging.
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
RPD.TO vs. ZWP.TO — Risk / Return Rank
RPD.TO
ZWP.TO
RPD.TO vs. ZWP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Quant European Dividend Leaders ETF (RPD.TO) and BMO Covered Call Europe High Dividend ETF (ZWP.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.
| RPD.TO | ZWP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 1.58 | +2.00 |
| Martin ratioReturn relative to average drawdown | 13.68 | 5.36 | +8.32 |
Loading charts...
Drawdowns
RPD.TO vs. ZWP.TO - Drawdown Comparison
The maximum RPD.TO drawdown since its inception was -34.70%, which is greater than ZWP.TO's maximum drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for RPD.TO and ZWP.TO.
Loading charts...
Drawdown Indicators
| RPD.TO | ZWP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -30.71% | -3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -10.68% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -13.77% | -14.04% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.48% | -19.30% | -7.18% |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | — | — |
Current DrawdownCurrent decline from peak | -2.50% | -2.21% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -4.69% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 3.14% | -0.67% |
Volatility
RPD.TO vs. ZWP.TO - Volatility Comparison
RBC Quant European Dividend Leaders ETF (RPD.TO) has a higher volatility of 3.21% compared to BMO Covered Call Europe High Dividend ETF (ZWP.TO) at 2.87%. This indicates that RPD.TO's price experiences larger fluctuations and is considered to be riskier than ZWP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RPD.TO | ZWP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 2.87% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.77% | 10.90% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 13.13% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 14.14% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 15.69% | -0.15% |
Dividends
RPD.TO vs. ZWP.TO - Dividend Comparison
RPD.TO's dividend yield for the trailing twelve months is around 2.85%, less than ZWP.TO's 6.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPD.TO RBC Quant European Dividend Leaders ETF | 2.85% | 2.97% | 3.46% | 3.47% | 3.63% | 2.37% | 3.14% | 5.53% | 5.54% | 3.01% | 3.63% | 3.10% |
ZWP.TO BMO Covered Call Europe High Dividend ETF | 6.10% | 6.22% | 7.13% | 7.23% | 7.04% | 6.45% | 7.28% | 6.92% | 6.45% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RPD.TO and ZWP.TO have a correlation of 0.69, 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.
Find the right allocation for RPD.TO and ZWP.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