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VIG vs. ZDY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIG vs. ZDY.TO

Last updated Jun 13, 2026

VIG (Vanguard Dividend Appreciation ETF) and ZDY.TO (BMO US Dividend ETF (CAD)) are both Dividend funds. VIG is passively managed, while ZDY.TO is actively managed. Over the past 10 years, VIG returned 13.24%/yr vs 9.64%/yr for ZDY.TO. A 0.60 correlation means they provide meaningful diversification when combined. VIG charges 0.04%/yr vs 0.30%/yr for ZDY.TO.

Performance

VIG vs. ZDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Dividend Appreciation ETF (VIG) and BMO US Dividend ETF (CAD) (ZDY.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VIG is traded in USD, while ZDY.TO is traded in CAD. To make them comparable, the ZDY.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VIG achieves a 7.68% return, which is significantly lower than ZDY.TO's 15.43% return. Over the past 10 years, VIG has outperformed ZDY.TO with an annualized return of 13.24%, while ZDY.TO has yielded a comparatively lower 9.64% annualized return.

VIG

1D
0.53%
1M
3.08%
YTD
7.68%
6M
6.99%
1Y
18.23%
3Y*
15.98%
5Y*
10.74%
10Y*
13.24%

ZDY.TO

1D
0.73%
1M
3.35%
YTD
15.43%
6M
4.22%
1Y
15.71%
3Y*
14.18%
5Y*
9.01%
10Y*
9.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIG vs. ZDY.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIG
Vanguard Dividend Appreciation ETF		7.68%14.17%16.99%14.51%-9.80%23.76%15.43%29.62%-2.08%22.22%
ZDY.TO
BMO US Dividend ETF (CAD)		15.43%3.87%16.38%7.13%-4.42%22.98%-2.88%21.97%-4.77%14.50%

Correlation

The correlation between VIG and ZDY.TO is 0.67, 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

0.67

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

0.68

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

0.65

Correlation (10Y)
Calculated over the trailing 10-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Mar 28, 2013

0.60

The correlation between VIG and ZDY.TO has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.

VIG vs. ZDY.TO - Sectors Allocation Comparison

Sectors
VIG
ZDY.TO

Technology

26.2%
29.0%

Financial Services

20.6%
9.5%

Healthcare

16.5%
11.9%

Industrials

11.8%
4.4%

Consumer Defensive

10.1%
9.5%

Consumer Cyclical

4.7%
5.4%

Energy

3.5%
9.8%

Basic Materials

3.5%
1.6%

Utilities

3.2%
6.4%

Communication Services

0.5%
6.9%

Real Estate

-

5.6%

Technology

VIG
26.2%
ZDY.TO
29.0%

Financial Services

VIG
20.6%
ZDY.TO
9.5%

Healthcare

VIG
16.5%
ZDY.TO
11.9%

Industrials

VIG
11.8%
ZDY.TO
4.4%

Consumer Defensive

VIG
10.1%
ZDY.TO
9.5%

Consumer Cyclical

VIG
4.7%
ZDY.TO
5.4%

Energy

VIG
3.5%
ZDY.TO
9.8%

Basic Materials

VIG
3.5%
ZDY.TO
1.6%

Utilities

VIG
3.2%
ZDY.TO
6.4%

Communication Services

VIG
0.5%
ZDY.TO
6.9%

Real Estate

VIG

-

ZDY.TO
5.6%

Compare stocks, funds, or ETFs

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Vanguard Dividend Appreciation ETF

BMO US Dividend ETF (CAD)

Often compared with VIG:
VIG vs. SCHDVIG vs. VYMVIG vs. VOOVIG vs. DGROVIG vs. VDIGXVIG vs. VTIVIG vs. VTV
Often compared with ZDY.TO:
ZDY.TO vs. VDY.TOZDY.TO vs. ZDV.TOZDY.TO vs. SCHDZDY.TO vs. ZLU.TOZDY.TO vs. ZGRO.TOZDY.TO vs. XEI.TOZDY.TO vs. TPU.TO

Return for Risk

VIG vs. ZDY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIG
VIG Risk / Return Rank: 6060
Overall Rank
VIG Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
VIG Sortino Ratio Rank: 6666
Sortino Ratio Rank
VIG Omega Ratio Rank: 6161
Omega Ratio Rank
VIG Calmar Ratio Rank: 5353
Calmar Ratio Rank
VIG Martin Ratio Rank: 6060
Martin Ratio Rank
ZDY.TO
ZDY.TO Risk / Return Rank: 4141
Overall Rank
ZDY.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
ZDY.TO Sortino Ratio Rank: 4040
Sortino Ratio Rank
ZDY.TO Omega Ratio Rank: 5252
Omega Ratio Rank
ZDY.TO Calmar Ratio Rank: 3636
Calmar Ratio Rank
ZDY.TO Martin Ratio Rank: 3232
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.

VIG vs. ZDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation ETF (VIG) and BMO US Dividend ETF (CAD) (ZDY.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.

VIGZDY.TODifference
Sharpe ratioReturn per unit of total volatility
1.80
1.18

+0.62

Sortino ratioReturn per unit of downside risk
2.61
1.56

+1.05

Omega ratioGain probability vs. loss probability

1.32

1.23

+0.09

Calmar ratioReturn relative to maximum drawdown

2.32

1.54

+0.78

Martin ratioReturn relative to average drawdown

9.34

4.02

+5.32

VIG vs. ZDY.TO - Sharpe Ratio Comparison

The current VIG Sharpe Ratio is 1.80, which is higher than the ZDY.TO Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of VIG and ZDY.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

VIG vs. ZDY.TO - Drawdown Comparison

The maximum VIG drawdown since its inception was -46.81%, which is greater than ZDY.TO's maximum drawdown of -39.06%. Use the drawdown chart below to compare losses from any high point for VIG and ZDY.TO.

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Drawdown Indicators

VIGZDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-46.81%

-39.06%

-7.75%

Max Drawdown (1Y)

Largest decline over 1 year

-7.91%

-10.25%

+2.34%

Max Drawdown (3Y)

Largest decline over 3 years

-14.95%

-14.57%

-0.38%

Max Drawdown (5Y)

Largest decline over 5 years

-20.39%

-16.89%

-3.50%

Max Drawdown (10Y)

Largest decline over 10 years

-31.72%

-39.06%

+7.34%

Current Drawdown

Current decline from peak

-0.33%

-1.71%

+1.38%

Average Drawdown

Average peak-to-trough decline

-5.51%

-3.88%

-1.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.96%

3.92%

-1.96%

Volatility

VIG vs. ZDY.TO - Volatility Comparison

The current volatility for Vanguard Dividend Appreciation ETF (VIG) is 2.93%, while BMO US Dividend ETF (CAD) (ZDY.TO) has a volatility of 5.34%. This indicates that VIG experiences smaller price fluctuations and is considered to be less risky than ZDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VIGZDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.93%

5.34%

-2.41%

Volatility (6M)

Calculated over the trailing 6-month period

7.78%

11.22%

-3.44%

Volatility (1Y)

Calculated over the trailing 1-year period

10.19%

13.34%

-3.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.25%

13.83%

+0.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.06%

16.60%

-0.54%

VIG vs. ZDY.TO - Expense Ratio Comparison

VIG has a 0.04% expense ratio, which is lower than ZDY.TO's 0.30% expense ratio.

Dividends

VIG vs. ZDY.TO - Dividend Comparison

VIG's dividend yield for the trailing twelve months is around 1.47%, less than ZDY.TO's 1.50% yield.

PositionTTM20252024202320222021202020192018201720162015
VIG
Vanguard Dividend Appreciation ETF		1.47%1.62%1.73%1.88%1.96%1.55%1.63%1.71%2.08%1.88%2.14%2.34%
ZDY.TO
BMO US Dividend ETF (CAD)		1.50%1.80%1.97%2.43%2.48%2.33%3.65%3.02%2.80%2.63%2.46%2.54%

Frequently Asked Questions

VIG and ZDY.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VIG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VIG is cheaper with a 0.04% expense ratio, compared with 0.30% for ZDY.TO.

They also come from different issuers: Vanguard and BMO. Their fees differ too: 0.04% for VIG and 0.30% for ZDY.TO.

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