VGG.TO vs. ZZZD.TO

Last updated Jul 14, 2026

VGG.TO (Vanguard U.S. Dividend Appreciation Index ETF) and ZZZD.TO (BMO Tactical Dividend ETF Fund) are both Dividend funds. VGG.TO is passively managed, while ZZZD.TO is actively managed. Over the past 5 years, VGG.TO returned 12.83%/yr vs 6.83%/yr for ZZZD.TO. At a 0.27 correlation, their price movements are largely independent.

Performance

VGG.TO vs. ZZZD.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, VGG.TO achieves a 12.40% return, which is significantly higher than ZZZD.TO's 10.61% return.

VGG.TO

• 1D: -0.23%
• 1M: 2.85%
• 6M: 8.43%
• YTD: 12.40%
• 1Y: 21.09%
• 3Y*: 17.69%
• 5Y*: 12.83%
• 10Y*: 13.36%

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VGG.TO Vanguard U.S. Dividend Appreciation Index ETF	12.40%	8.61%	26.49%	11.58%	-4.21%	22.23%	12.67%	23.48%
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 VGG.TO and ZZZD.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019	0.27

The correlation between VGG.TO and ZZZD.TO shifts across timeframes, from 0.20 (3 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.

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

Sectors	VGG.TO	ZZZD.TO
Technology	29.0%	16.4%
Financial Services	19.9%	16.3%
Healthcare	16.6%	12.3%
Industrials	11.3%	7.6%
Consumer Defensive	9.3%	4.6%
Consumer Cyclical	4.4%	4.2%
Basic Materials	3.3%	4.4%
Energy	3.2%	10.2%
Utilities	2.9%	12.4%
Communication Services	0.5%	10.5%
Real Estate	-	1.2%

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VGG.TO

VGG.TO Risk / Return Rank: 79
VGG.TO Sharpe Ratio Rank: 82
VGG.TO Sortino Ratio Rank: 84
VGG.TO Omega Ratio Rank: 79
VGG.TO Calmar Ratio Rank: 74
VGG.TO Martin Ratio Rank: 75

ZZZD.TO

ZZZD.TO Risk / Return Rank: 79
ZZZD.TO Sharpe Ratio Rank: 66
ZZZD.TO Sortino Ratio Rank: 72
ZZZD.TO Omega Ratio Rank: 71
ZZZD.TO Calmar Ratio Rank: 94
ZZZD.TO Martin Ratio Rank: 92

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Dividend Appreciation Index ETF (VGG.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.

	VGG.TO	ZZZD.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.71	+0.35
Sortino ratio: Return per unit of downside risk	2.97	2.59	+0.39
Omega ratio: Gain probability vs. loss probability	1.37	1.33	+0.03
Calmar ratio: Return relative to maximum drawdown	3.00	5.34	-2.35
Martin ratio: Return relative to average drawdown	11.16	17.40	-6.24

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

The current VGG.TO Sharpe Ratio is 2.06, which is comparable to the ZZZD.TO Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of VGG.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.

Drawdowns

VGG.TO vs. ZZZD.TO - Drawdown Comparison

The maximum VGG.TO drawdown since its inception was -24.58%, 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 VGG.TO and ZZZD.TO.

Drawdown Indicators

	VGG.TO	ZZZD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-24.58%	-22.28%	-2.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	-2.72%	-4.35%
Max Drawdown (3Y) Largest decline over 3 years	-15.56%	-9.21%	-6.35%
Max Drawdown (5Y) Largest decline over 5 years	-18.52%	-14.72%	-3.80%
Max Drawdown (10Y) Largest decline over 10 years	-24.58%	—	—
Current Drawdown Current decline from peak	-0.79%	-1.11%	+0.32%
Average Drawdown Average peak-to-trough decline	-2.91%	-4.67%	+1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	0.83%	+1.06%

Volatility

VGG.TO vs. ZZZD.TO - Volatility Comparison

The current volatility for Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO) is 2.10%, while BMO Tactical Dividend ETF Fund (ZZZD.TO) has a volatility of 2.96%. This indicates that VGG.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.

Volatility by Period

	VGG.TO	ZZZD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.10%	2.96%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	7.85%	6.50%	+1.35%
Volatility (1Y) Calculated over the trailing 1-year period	10.28%	8.48%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.67%	11.17%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	12.64%	+2.32%

Dividends

VGG.TO vs. ZZZD.TO - Dividend Comparison

VGG.TO's dividend yield for the trailing twelve months is around 1.02%, less than ZZZD.TO's 3.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGG.TO Vanguard U.S. Dividend Appreciation Index ETF	1.02%	1.16%	1.23%	1.37%	1.35%	1.21%	1.25%	1.24%	1.50%	1.45%	1.63%	1.70%
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

Can I hold both VGG.TO and ZZZD.TO in my portfolio?

VGG.TO and ZZZD.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between VGG.TO and ZZZD.TO?

They also come from different issuers: Vanguard and BMO.