XDIV.TO vs. ZUD.TO
XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and ZUD.TO (BMO US Dividend Hedged to CAD ETF) are both Dividend funds. Over the past 5 years, XDIV.TO returned 18.09%/yr vs 9.94%/yr for ZUD.TO. A 0.56 correlation means they provide meaningful diversification when combined. XDIV.TO charges 0.11%/yr vs 0.30%/yr for ZUD.TO.
Performance
XDIV.TO vs. ZUD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XDIV.TO achieves a 25.10% return, which is significantly higher than ZUD.TO's 14.83% return.
XDIV.TO
- 1D
- 0.64%
- 1M
- 2.67%
- 6M
- 23.69%
- YTD
- 25.10%
- 1Y
- 42.77%
- 3Y*
- 25.16%
- 5Y*
- 18.09%
- 10Y*
- —
ZUD.TO
- 1D
- -0.13%
- 1M
- 0.08%
- 6M
- 12.59%
- YTD
- 14.83%
- 1Y
- 21.18%
- 3Y*
- 15.62%
- 5Y*
- 9.94%
- 10Y*
- 8.96%
XDIV.TO vs. ZUD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 25.10% | 25.04% | 19.84% | 11.95% | 0.49% | 33.31% | -7.53% | 25.14% | -9.81% | 8.00% |
ZUD.TO BMO US Dividend Hedged to CAD ETF | 14.83% | 11.69% | 15.31% | 6.36% | -7.23% | 25.80% | -5.27% | 21.08% | -5.69% | 9.07% |
Correlation
The correlation between XDIV.TO and ZUD.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2017 | 0.56 |
The correlation between XDIV.TO and ZUD.TO shifts across timeframes, from 0.46 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
XDIV.TO vs. ZUD.TO - Sectors Allocation Comparison
Sectors
XDIV.TO
ZUD.TO
Financial Services
Energy
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Utilities
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Consumer Cyclical
-
Communication Services
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Industrials
-
Technology
-
Basic Materials
-
-
Consumer Defensive
-
-
Healthcare
-
-
Real Estate
-
-
Financial Services
XDIV.TO
ZUD.TO
Energy
XDIV.TO
ZUD.TO
-
Utilities
XDIV.TO
ZUD.TO
-
Consumer Cyclical
XDIV.TO
ZUD.TO
-
Communication Services
XDIV.TO
ZUD.TO
-
Industrials
XDIV.TO
ZUD.TO
-
Technology
XDIV.TO
ZUD.TO
-
Basic Materials
XDIV.TO
-
ZUD.TO
-
Consumer Defensive
XDIV.TO
-
ZUD.TO
-
Healthcare
XDIV.TO
-
ZUD.TO
-
Real Estate
XDIV.TO
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ZUD.TO
-
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Return for Risk
XDIV.TO vs. ZUD.TO — Risk / Return Rank
XDIV.TO
ZUD.TO
XDIV.TO vs. ZUD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) and BMO US Dividend Hedged to CAD ETF (ZUD.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.
| XDIV.TO | ZUD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.13 | ||
| Sortino ratioReturn per unit of downside risk | +4.50 | ||
| Omega ratioGain probability vs. loss probability | 2.05 | 1.35 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 15.47 | 3.75 | +11.72 |
| Martin ratioReturn relative to average drawdown | 50.32 | 13.06 | +37.26 |
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Drawdowns
XDIV.TO vs. ZUD.TO - Drawdown Comparison
The maximum XDIV.TO drawdown since its inception was -41.29%, roughly equal to the maximum ZUD.TO drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and ZUD.TO.
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Drawdown Indicators
| XDIV.TO | ZUD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.29% | -40.60% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -5.67% | +2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -10.53% | -14.94% | +4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -17.33% | -17.65% | +0.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.60% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.77% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -4.07% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.63% | -0.78% |
Volatility
XDIV.TO vs. ZUD.TO - Volatility Comparison
iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) has a higher volatility of 3.37% compared to BMO US Dividend Hedged to CAD ETF (ZUD.TO) at 2.72%. This indicates that XDIV.TO's price experiences larger fluctuations and is considered to be riskier than ZUD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDIV.TO | ZUD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 2.72% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 7.81% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.51% | 11.05% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 15.19% | -4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 16.98% | -0.68% |
XDIV.TO vs. ZUD.TO - Expense Ratio Comparison
XDIV.TO has a 0.11% expense ratio, which is lower than ZUD.TO's 0.30% expense ratio.
Dividends
XDIV.TO vs. ZUD.TO - Dividend Comparison
XDIV.TO's dividend yield for the trailing twelve months is around 3.17%, more than ZUD.TO's 1.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.17% | 3.90% | 4.50% | 4.42% | 4.15% | 3.76% | 4.85% | 4.24% | 5.13% | 1.92% | 0.00% | 0.00% |
ZUD.TO BMO US Dividend Hedged to CAD ETF | 1.46% | 1.68% | 2.17% | 2.54% | 2.77% | 2.50% | 3.76% | 3.13% | 3.11% | 2.69% | 2.61% | 2.97% |
Frequently Asked Questions
XDIV.TO and ZUD.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.30% for ZUD.TO.
They also come from different issuers: iShares and BMO. Their fees differ too: 0.11% for XDIV.TO and 0.30% for ZUD.TO.
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