VUDV.TO vs. ZDY.TO

Last updated Jun 4, 2026

VUDV.TO (Vanguard U.S. High Dividend Yield Index ETF) and ZDY.TO (BMO US Dividend ETF (CAD)) are both Dividend funds. VUDV.TO is passively managed, while ZDY.TO is actively managed. At a 0.34 correlation, their price movements are largely independent. VUDV.TO charges 0.28%/yr vs 0.30%/yr for ZDY.TO.

Performance

VUDV.TO vs. ZDY.TO - Performance Comparison

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

Returns By Period

VUDV.TO

• 1D: 0.00%
• 1M: 4.69%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZDY.TO

• 1D: -0.12%
• 1M: 9.13%
• YTD: 18.13%
• 6M: 10.45%
• 1Y: 26.90%
• 3Y*: 18.28%
• 5Y*: 13.55%
• 10Y*: 11.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VUDV.TO vs. ZDY.TO - Yearly Performance Comparison

	2026 (YTD)
VUDV.TO Vanguard U.S. High Dividend Yield Index ETF	8.94%
ZDY.TO BMO US Dividend ETF (CAD)	12.79%

Correlation

The correlation between VUDV.TO and ZDY.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	0.34

Return for Risk

VUDV.TO vs. ZDY.TO — Risk / Return Rank

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

ZDY.TO

ZDY.TO Risk / Return Rank: 71
ZDY.TO Sharpe Ratio Rank: 68
ZDY.TO Sortino Ratio Rank: 62
ZDY.TO Omega Ratio Rank: 72
ZDY.TO Calmar Ratio Rank: 78
ZDY.TO Martin Ratio Rank: 73

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. High Dividend Yield Index ETF (VUDV.TO) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VUDV.TO	ZDY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.28	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.12	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.57	0.95	+6.62

Drawdowns

VUDV.TO vs. ZDY.TO - Drawdown Comparison

The maximum VUDV.TO drawdown since its inception was -0.68%, smaller than the maximum ZDY.TO drawdown of -33.01%. Use the drawdown chart below to compare losses from any high point for VUDV.TO and ZDY.TO.

Drawdown Indicators

	VUDV.TO	ZDY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.68%	-33.01%	+32.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.01%	—
Current Drawdown Current decline from peak	0.00%	-0.19%	+0.19%
Average Drawdown Average peak-to-trough decline	-0.16%	-3.30%	+3.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.96%	—

Volatility

Volatility by Period

	VUDV.TO	ZDY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.57%	11.85%	-4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.57%	12.17%	-4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.57%	15.18%	-7.61%

VUDV.TO vs. ZDY.TO - Expense Ratio Comparison

VUDV.TO has a 0.28% expense ratio, which is lower than ZDY.TO's 0.30% expense ratio.

Dividends

VUDV.TO vs. ZDY.TO - Dividend Comparison

VUDV.TO has not paid dividends to shareholders, while ZDY.TO's dividend yield for the trailing twelve months is around 1.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VUDV.TO Vanguard U.S. High Dividend Yield Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZDY.TO BMO US Dividend ETF (CAD)	1.46%	1.72%	1.97%	2.43%	2.48%	2.33%	3.65%	3.02%	2.80%	2.63%	2.46%	2.54%

Frequently Asked Questions

Can I hold both VUDV.TO and ZDY.TO in my portfolio?

VUDV.TO and ZDY.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VUDV.TO or ZDY.TO?

On fees, VUDV.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUDV.TO or ZDY.TO?

VUDV.TO is cheaper with a 0.28% expense ratio, compared with 0.30% for ZDY.TO.

What is the main difference between VUDV.TO and ZDY.TO?

They also come from different issuers: Vanguard and BMO. Their fees differ too: 0.28% for VUDV.TO and 0.30% for ZDY.TO.