XDU.TO vs. ZDIV.TO
XDU.TO (iShares Core MSCI US Quality Dividend Index ETF) and ZDIV.TO (BMO MSCI Canada IMI High Dividend Yield Index ETF) are both exchange-traded funds - XDU.TO is a Large Cap Value Equities fund tracking the Morningstar US Market TR CAD, while ZDIV.TO is a Dividend fund tracking the MSCI Canada IMI High Dividend Yield Select Index. Both are passively managed. At a 0.31 correlation, their price movements are largely independent. XDU.TO charges 0.16%/yr vs 0.09%/yr for ZDIV.TO.
Performance
XDU.TO vs. ZDIV.TO - Performance Comparison
Loading charts...
Returns By Period
XDU.TO
- 1D
- 0.36%
- 1M
- 5.28%
- YTD
- 11.82%
- 6M
- 6.05%
- 1Y
- 16.98%
- 3Y*
- 11.88%
- 5Y*
- 9.04%
- 10Y*
- —
ZDIV.TO
- 1D
- -0.14%
- 1M
- 2.47%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDU.TO vs. ZDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XDU.TO iShares Core MSCI US Quality Dividend Index ETF | 2.57% |
ZDIV.TO BMO MSCI Canada IMI High Dividend Yield Index ETF | 15.21% |
Correlation
The correlation between XDU.TO and ZDIV.TO is 0.31, 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 Feb 9, 2026 | 0.31 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XDU.TO vs. ZDIV.TO — Risk / Return Rank
XDU.TO
ZDIV.TO
XDU.TO vs. ZDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI US Quality Dividend Index ETF (XDU.TO) and BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV.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.
| XDU.TO | ZDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | — | — |
| Martin ratioReturn relative to average drawdown | 8.23 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XDU.TO | ZDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 5.66 | -5.10 |
Drawdowns
XDU.TO vs. ZDIV.TO - Drawdown Comparison
The maximum XDU.TO drawdown since its inception was -26.12%, which is greater than ZDIV.TO's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for XDU.TO and ZDIV.TO.
Loading charts...
Drawdown Indicators
| XDU.TO | ZDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.12% | -2.60% | -23.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -1.02% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -0.49% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | — | — |
Volatility
XDU.TO vs. ZDIV.TO - Volatility Comparison
Loading charts...
Volatility by Period
| XDU.TO | ZDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 9.99% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 9.99% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 9.99% | +4.92% |
XDU.TO vs. ZDIV.TO - Expense Ratio Comparison
XDU.TO has a 0.16% expense ratio, which is higher than ZDIV.TO's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDU.TO vs. ZDIV.TO - Dividend Comparison
XDU.TO's dividend yield for the trailing twelve months is around 2.25%, more than ZDIV.TO's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XDU.TO iShares Core MSCI US Quality Dividend Index ETF | 2.25% | 2.46% | 2.12% | 2.31% | 2.05% | 2.06% | 2.72% | 2.31% | 2.27% | 1.27% |
ZDIV.TO BMO MSCI Canada IMI High Dividend Yield Index ETF | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XDU.TO and ZDIV.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.
On fees, ZDIV.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZDIV.TO is cheaper with a 0.09% expense ratio, compared with 0.16% for XDU.TO.
XDU.TO is categorized as Large Cap Value Equities, while ZDIV.TO is Dividend. XDU.TO tracks Morningstar US Market TR CAD, while ZDIV.TO tracks MSCI Canada IMI High Dividend Yield Select Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.16% for XDU.TO and 0.09% for ZDIV.TO.
Find the right allocation for XDU.TO and ZDIV.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer