RUDH.TO vs. ZZZD.TO
RUDH.TO (RBC Quant U.S. Dividend Leaders CAD Hedged ETF) and ZZZD.TO (BMO Tactical Dividend ETF Fund) are both Dividend funds. Both are actively managed. Over the past 5 years, RUDH.TO returned 8.40%/yr vs 6.96%/yr for ZZZD.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
RUDH.TO vs. ZZZD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RUDH.TO achieves a 7.78% return, which is significantly lower than ZZZD.TO's 11.24% return.
RUDH.TO
- 1D
- 0.17%
- 1M
- 2.17%
- 6M
- 6.98%
- YTD
- 7.78%
- 1Y
- 14.55%
- 3Y*
- 14.35%
- 5Y*
- 8.40%
- 10Y*
- 12.79%
ZZZD.TO
- 1D
- 0.53%
- 1M
- -0.48%
- 6M
- 10.53%
- YTD
- 11.24%
- 1Y
- 15.16%
- 3Y*
- 10.47%
- 5Y*
- 6.96%
- 10Y*
- —
RUDH.TO vs. ZZZD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RUDH.TO RBC Quant U.S. Dividend Leaders CAD Hedged ETF | 7.78% | 8.78% | 5.71% | 36.05% | -20.27% | 46.37% | 0.96% | 36.29% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 11.24% | 10.01% | 3.96% | 10.10% | -0.86% | 5.24% | -9.74% | 9.67% |
Correlation
The correlation between RUDH.TO and ZZZD.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.17 |
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Return for Risk
RUDH.TO vs. ZZZD.TO — Risk / Return Rank
RUDH.TO
ZZZD.TO
RUDH.TO vs. ZZZD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Quant U.S. Dividend Leaders CAD Hedged ETF (RUDH.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.
| RUDH.TO | ZZZD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 5.61 | -4.52 |
| Martin ratioReturn relative to average drawdown | 2.73 | 18.21 | -15.49 |
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Drawdowns
RUDH.TO vs. ZZZD.TO - Drawdown Comparison
The maximum RUDH.TO drawdown since its inception was -50.85%, 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 RUDH.TO and ZZZD.TO.
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Drawdown Indicators
| RUDH.TO | ZZZD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.85% | -22.28% | -28.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -2.72% | -10.66% |
Max Drawdown (3Y)Largest decline over 3 years | -34.44% | -9.21% | -25.23% |
Max Drawdown (5Y)Largest decline over 5 years | -50.85% | -14.72% | -36.13% |
Max Drawdown (10Y)Largest decline over 10 years | -50.85% | — | — |
Current DrawdownCurrent decline from peak | -15.69% | -0.56% | -15.13% |
Average DrawdownAverage peak-to-trough decline | -16.27% | -4.67% | -11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 0.84% | +4.51% |
Volatility
RUDH.TO vs. ZZZD.TO - Volatility Comparison
RBC Quant U.S. Dividend Leaders CAD Hedged ETF (RUDH.TO) has a higher volatility of 3.24% compared to BMO Tactical Dividend ETF Fund (ZZZD.TO) at 2.48%. This indicates that RUDH.TO's price experiences larger fluctuations and is considered to be riskier 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
| RUDH.TO | ZZZD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 2.48% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | 6.50% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 8.47% | +9.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.57% | 11.17% | +81.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.23% | 12.64% | +75.59% |
Dividends
RUDH.TO vs. ZZZD.TO - Dividend Comparison
RUDH.TO's dividend yield for the trailing twelve months is around 1.56%, less than ZZZD.TO's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RUDH.TO RBC Quant U.S. Dividend Leaders CAD Hedged ETF | 1.56% | 1.47% | 2.78% | 3.26% | 4.27% | 2.36% | 3.68% | 4.01% | 4.96% | 4.03% | 4.32% | 4.94% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 3.73% | 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
RUDH.TO and ZZZD.TO have a correlation of 0.13, 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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