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XDUH.TO vs. ZZZD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDUH.TO vs. ZZZD.TO

Last updated Jul 14, 2026
Documentation

XDUH.TO (iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)) and ZZZD.TO (BMO Tactical Dividend ETF Fund) are both exchange-traded funds - XDUH.TO is a Large Cap Value Equities fund tracking the Morningstar US Market TR CAD, while ZZZD.TO is a Dividend fund actively managed by BMO. XDUH.TO is passively managed, while ZZZD.TO is actively managed. Over the past 5 years, XDUH.TO returned 7.16%/yr vs 6.83%/yr for ZZZD.TO. At a 0.26 correlation, their price movements are largely independent.

Performance

XDUH.TO vs. ZZZD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) and BMO Tactical Dividend ETF Fund (ZZZD.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XDUH.TO achieves a 12.04% return, which is significantly higher than ZZZD.TO's 10.61% return.

XDUH.TO

1D
0.47%
1M
1.10%
6M
9.95%
YTD
12.04%
1Y
14.71%
3Y*
11.64%
5Y*
7.16%
10Y*
—

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)

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

2026 (YTD)2025202420232022202120202019
XDUH.TO
iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)		12.04%8.08%9.51%5.63%-6.27%22.61%-2.02%18.30%
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 XDUH.TO and ZZZD.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

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

0.15

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

0.26

The correlation between XDUH.TO and ZZZD.TO shifts across timeframes, from 0.15 (3 years) to 0.26 (all time), reflecting how their relationship changes across market environments.

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

Sectors
XDUH.TO
ZZZD.TO

Healthcare

20.6%
12.3%

Technology

16.1%
16.4%

Consumer Defensive

14.5%
4.6%

Industrials

12.1%
7.6%

Energy

11.4%
10.2%

Consumer Cyclical

9.1%
4.2%

Financial Services

9.0%
16.3%

Utilities

3.5%
12.4%

Communication Services

2.5%
10.5%

Basic Materials

1.1%
4.4%

Real Estate

-

1.2%

Healthcare

XDUH.TO
20.6%
ZZZD.TO
12.3%

Technology

XDUH.TO
16.1%
ZZZD.TO
16.4%

Consumer Defensive

XDUH.TO
14.5%
ZZZD.TO
4.6%

Industrials

XDUH.TO
12.1%
ZZZD.TO
7.6%

Energy

XDUH.TO
11.4%
ZZZD.TO
10.2%

Consumer Cyclical

XDUH.TO
9.1%
ZZZD.TO
4.2%

Financial Services

XDUH.TO
9.0%
ZZZD.TO
16.3%

Utilities

XDUH.TO
3.5%
ZZZD.TO
12.4%

Communication Services

XDUH.TO
2.5%
ZZZD.TO
10.5%

Basic Materials

XDUH.TO
1.1%
ZZZD.TO
4.4%

Real Estate

XDUH.TO

-

ZZZD.TO
1.2%

Compare stocks, funds, or ETFs

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iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)

BMO Tactical Dividend ETF Fund

Often compared with XDUH.TO:
XDUH.TO vs. SCHDXDUH.TO vs. XDGH.TOXDUH.TO vs. XDU.TOXDUH.TO vs. XDIV.TOXDUH.TO vs. ZDY.TOXDUH.TO vs. XHD.TOXDUH.TO vs. XDV.TO
Often compared with ZZZD.TO:
ZZZD.TO vs. CWIN.TOZZZD.TO vs. ZNQ.TOZZZD.TO vs. ZSP.TOZZZD.TO vs. ZUD.TOZZZD.TO vs. IQD.TOZZZD.TO vs. XDU.TOZZZD.TO vs. ZDV.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDUH.TO
XDUH.TO Risk / Return Rank: 5050
Overall Rank
XDUH.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
XDUH.TO Sortino Ratio Rank: 4646
Sortino Ratio Rank
XDUH.TO Omega Ratio Rank: 4747
Omega Ratio Rank
XDUH.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
XDUH.TO Martin Ratio Rank: 4848
Martin Ratio Rank
ZZZD.TO
ZZZD.TO Risk / Return Rank: 7979
Overall Rank
ZZZD.TO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
ZZZD.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
ZZZD.TO Omega Ratio Rank: 7171
Omega Ratio Rank
ZZZD.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
ZZZD.TO Martin Ratio Rank: 9292
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.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.

XDUH.TOZZZD.TODifference
Sharpe ratioReturn per unit of total volatility
1.27
1.71

-0.44

Sortino ratioReturn per unit of downside risk
1.87
2.59

-0.71

Omega ratioGain probability vs. loss probability

1.24

1.33

-0.09

Calmar ratioReturn relative to maximum drawdown

2.43

5.34

-2.91

Martin ratioReturn relative to average drawdown

6.47

17.40

-10.94

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

The current XDUH.TO Sharpe Ratio is 1.27, which is comparable to the ZZZD.TO Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of XDUH.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.

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Drawdowns

XDUH.TO vs. ZZZD.TO - Drawdown Comparison

The maximum XDUH.TO drawdown since its inception was -34.91%, 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 XDUH.TO and ZZZD.TO.

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Drawdown Indicators

XDUH.TOZZZD.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.91%

-22.28%

-12.63%

Max Drawdown (1Y)

Largest decline over 1 year

-6.08%

-2.72%

-3.36%

Max Drawdown (3Y)

Largest decline over 3 years

-14.35%

-9.21%

-5.14%

Max Drawdown (5Y)

Largest decline over 5 years

-17.33%

-14.72%

-2.61%

Current Drawdown

Current decline from peak

-0.34%

-1.11%

+0.77%

Average Drawdown

Average peak-to-trough decline

-4.40%

-4.67%

+0.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

0.83%

+1.45%

Volatility

XDUH.TO vs. ZZZD.TO - Volatility Comparison

iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) has a higher volatility of 3.17% compared to BMO Tactical Dividend ETF Fund (ZZZD.TO) at 2.96%. This indicates that XDUH.TO's price experiences larger fluctuations and is considered to be riskier than ZZZD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDUH.TOZZZD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.17%

2.96%

+0.21%

Volatility (6M)

Calculated over the trailing 6-month period

7.19%

6.50%

+0.69%

Volatility (1Y)

Calculated over the trailing 1-year period

11.65%

8.48%

+3.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.60%

11.17%

+2.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.43%

12.64%

+3.79%

Dividends

XDUH.TO vs. ZZZD.TO - Dividend Comparison

XDUH.TO's dividend yield for the trailing twelve months is around 2.23%, less than ZZZD.TO's 3.75% yield.

PositionTTM202520242023202220212020201920182017
XDUH.TO
iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)		2.23%2.46%2.67%2.55%2.40%2.62%2.67%2.36%2.75%0.76%
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%

Frequently Asked Questions

XDUH.TO and ZZZD.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XDUH.TO is categorized as Large Cap Value Equities, while ZZZD.TO is Dividend. They also come from different issuers: iShares and BMO.

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