RPDH.TO vs. ZWP.TO
RPDH.TO (RBC Quant European Dividend Leaders CAD Hedged 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, RPDH.TO returned 13.49%/yr vs 10.80%/yr for ZWP.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
RPDH.TO vs. ZWP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RPDH.TO achieves a 15.79% return, which is significantly higher than ZWP.TO's 6.14% return.
RPDH.TO
- 1D
- 0.14%
- 1M
- 0.67%
- 6M
- 12.41%
- YTD
- 15.79%
- 1Y
- 31.29%
- 3Y*
- 20.76%
- 5Y*
- 13.49%
- 10Y*
- 9.87%
ZWP.TO
- 1D
- 0.34%
- 1M
- -0.33%
- 6M
- 3.58%
- YTD
- 6.14%
- 1Y
- 16.78%
- 3Y*
- 13.74%
- 5Y*
- 10.80%
- 10Y*
- —
RPDH.TO vs. ZWP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RPDH.TO RBC Quant European Dividend Leaders CAD Hedged ETF | 15.79% | 30.87% | 7.58% | 17.83% | -6.14% | 23.21% | -7.43% | 17.35% | -5.59% |
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 RPDH.TO and ZWP.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018 | 0.32 |
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Return for Risk
RPDH.TO vs. ZWP.TO — Risk / Return Rank
RPDH.TO
ZWP.TO
RPDH.TO vs. ZWP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.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.
| RPDH.TO | ZWP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.24 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 1.58 | +2.45 |
| Martin ratioReturn relative to average drawdown | 15.82 | 5.36 | +10.46 |
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Drawdowns
RPDH.TO vs. ZWP.TO - Drawdown Comparison
The maximum RPDH.TO drawdown since its inception was -36.38%, 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 RPDH.TO and ZWP.TO.
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Drawdown Indicators
| RPDH.TO | ZWP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.38% | -30.71% | -5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.81% | -10.68% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -13.56% | -14.04% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -19.22% | -19.30% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -36.38% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -2.21% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -4.69% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 3.14% | -1.16% |
Volatility
RPDH.TO vs. ZWP.TO - Volatility Comparison
RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.TO) has a higher volatility of 3.04% compared to BMO Covered Call Europe High Dividend ETF (ZWP.TO) at 2.87%. This indicates that RPDH.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.
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Volatility by Period
| RPDH.TO | ZWP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 2.87% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 10.90% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.39% | 13.13% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.87% | 14.14% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 15.69% | +0.43% |
Dividends
RPDH.TO vs. ZWP.TO - Dividend Comparison
RPDH.TO's dividend yield for the trailing twelve months is around 3.02%, less than ZWP.TO's 6.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPDH.TO RBC Quant European Dividend Leaders CAD Hedged ETF | 3.02% | 3.08% | 3.71% | 3.42% | 4.00% | 2.38% | 3.27% | 5.42% | 5.06% | 2.91% | 3.80% | 3.08% |
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
RPDH.TO and ZWP.TO have a correlation of 0.25, 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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