ZBBB.TO vs. ZDV.TO
ZBBB.TO (BMO BBB Corporate Bond Index ETF) and ZDV.TO (BMO Canadian Dividend ETF) are both exchange-traded funds - ZBBB.TO is a Corporate Bonds fund tracking the FTSE Canada 1-10 Year BBB Corporate Bond Index, while ZDV.TO is a Canada Equities fund actively managed by BMO. ZBBB.TO is passively managed, while ZDV.TO is actively managed. Over the past 5 years, ZBBB.TO returned 2.85%/yr vs 13.72%/yr for ZDV.TO. At a 0.08 correlation, their price movements are largely independent. ZBBB.TO charges 0.17%/yr vs 0.39%/yr for ZDV.TO.
Performance
ZBBB.TO vs. ZDV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZBBB.TO achieves a 1.60% return, which is significantly lower than ZDV.TO's 18.56% return.
ZBBB.TO
- 1D
- 0.00%
- 1M
- 1.32%
- YTD
- 1.60%
- 6M
- 1.43%
- 1Y
- 4.54%
- 3Y*
- 6.46%
- 5Y*
- 2.85%
- 10Y*
- —
ZDV.TO
- 1D
- -0.22%
- 1M
- 4.61%
- YTD
- 18.56%
- 6M
- 13.14%
- 1Y
- 31.08%
- 3Y*
- 20.39%
- 5Y*
- 13.72%
- 10Y*
- 10.97%
ZBBB.TO vs. ZDV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZBBB.TO BMO BBB Corporate Bond Index ETF | 1.60% | 4.73% | 8.00% | 5.61% | -5.28% | -1.12% | 6.72% |
ZDV.TO BMO Canadian Dividend ETF | 18.56% | 20.17% | 16.52% | 7.83% | -1.93% | 28.40% | -7.24% |
Correlation
The correlation between ZBBB.TO and ZDV.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2020 | 0.08 |
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Return for Risk
ZBBB.TO vs. ZDV.TO — Risk / Return Rank
ZBBB.TO
ZDV.TO
ZBBB.TO vs. ZDV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO BBB Corporate Bond Index ETF (ZBBB.TO) and BMO Canadian Dividend ETF (ZDV.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.
| ZBBB.TO | ZDV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.66 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 4.69 | -2.30 |
| Martin ratioReturn relative to average drawdown | 6.43 | 18.24 | -11.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZBBB.TO | ZDV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.95 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.26 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.68 | -0.14 |
Drawdowns
ZBBB.TO vs. ZDV.TO - Drawdown Comparison
The maximum ZBBB.TO drawdown since its inception was -11.55%, smaller than the maximum ZDV.TO drawdown of -43.21%. Use the drawdown chart below to compare losses from any high point for ZBBB.TO and ZDV.TO.
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Drawdown Indicators
| ZBBB.TO | ZDV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.55% | -43.21% | +31.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.91% | -6.65% | +4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -1.91% | -9.04% | +7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -11.23% | -16.72% | +5.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.21% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.22% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -5.12% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.71% | -1.00% |
Volatility
ZBBB.TO vs. ZDV.TO - Volatility Comparison
The current volatility for BMO BBB Corporate Bond Index ETF (ZBBB.TO) is 1.01%, while BMO Canadian Dividend ETF (ZDV.TO) has a volatility of 2.49%. This indicates that ZBBB.TO experiences smaller price fluctuations and is considered to be less risky than ZDV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZBBB.TO | ZDV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 2.49% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 9.69% | -7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 10.57% | -7.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 10.94% | -6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 15.11% | -9.30% |
ZBBB.TO vs. ZDV.TO - Expense Ratio Comparison
ZBBB.TO has a 0.17% expense ratio, which is lower than ZDV.TO's 0.39% expense ratio.
Dividends
ZBBB.TO vs. ZDV.TO - Dividend Comparison
ZBBB.TO's dividend yield for the trailing twelve months is around 4.19%, more than ZDV.TO's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZBBB.TO BMO BBB Corporate Bond Index ETF | 4.19% | 4.12% | 3.72% | 3.47% | 3.54% | 3.23% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZDV.TO BMO Canadian Dividend ETF | 2.68% | 3.07% | 3.57% | 4.10% | 4.10% | 3.63% | 4.48% | 4.11% | 5.06% | 3.96% | 3.84% | 4.63% |
Frequently Asked Questions
ZBBB.TO and ZDV.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZBBB.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZBBB.TO is cheaper with a 0.17% expense ratio, compared with 0.39% for ZDV.TO.
ZBBB.TO is categorized as Corporate Bonds, while ZDV.TO is Canada Equities. Their fees differ too: 0.17% for ZBBB.TO and 0.39% for ZDV.TO.
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