ZDH.TO vs. BDIV.TO
ZDH.TO (BMO International Dividend Hedged to CAD ETF) and BDIV.TO (Brompton Global Dividend Growth ETF) are both Global Equity Income funds. Over the past 5 years, ZDH.TO returned 14.21%/yr vs 10.45%/yr for BDIV.TO. At a 0.39 correlation, their price movements are largely independent.
Performance
ZDH.TO vs. BDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZDH.TO achieves a 12.80% return, which is significantly higher than BDIV.TO's 8.94% return.
ZDH.TO
- 1D
- -0.23%
- 1M
- 0.53%
- 6M
- 8.92%
- YTD
- 12.80%
- 1Y
- 27.90%
- 3Y*
- 17.36%
- 5Y*
- 14.21%
- 10Y*
- 10.64%
BDIV.TO
- 1D
- -0.71%
- 1M
- -1.36%
- 6M
- 6.13%
- YTD
- 8.94%
- 1Y
- 17.80%
- 3Y*
- 19.13%
- 5Y*
- 10.45%
- 10Y*
- —
ZDH.TO vs. BDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZDH.TO BMO International Dividend Hedged to CAD ETF | 12.80% | 22.25% | 10.75% | 17.44% | 3.43% | 19.87% | -9.45% | 19.93% | -4.81% |
BDIV.TO Brompton Global Dividend Growth ETF | 8.94% | 18.14% | 25.34% | 11.23% | -16.24% | 22.15% | -0.56% | 22.02% | -6.67% |
Correlation
The correlation between ZDH.TO and BDIV.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2018 | 0.39 |
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Return for Risk
ZDH.TO vs. BDIV.TO — Risk / Return Rank
ZDH.TO
BDIV.TO
ZDH.TO vs. BDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO International Dividend Hedged to CAD ETF (ZDH.TO) and Brompton Global Dividend Growth ETF (BDIV.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.
| ZDH.TO | BDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.27 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 1.96 | +1.18 |
| Martin ratioReturn relative to average drawdown | 13.20 | 8.40 | +4.80 |
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Drawdowns
ZDH.TO vs. BDIV.TO - Drawdown Comparison
The maximum ZDH.TO drawdown since its inception was -37.62%, roughly equal to the maximum BDIV.TO drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for ZDH.TO and BDIV.TO.
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Drawdown Indicators
| ZDH.TO | BDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -36.44% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -9.11% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -13.74% | -13.65% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -13.74% | -24.34% | +10.60% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -4.11% | +3.27% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -6.57% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.12% | 0.00% |
Volatility
ZDH.TO vs. BDIV.TO - Volatility Comparison
The current volatility for BMO International Dividend Hedged to CAD ETF (ZDH.TO) is 3.11%, while Brompton Global Dividend Growth ETF (BDIV.TO) has a volatility of 4.14%. This indicates that ZDH.TO experiences smaller price fluctuations and is considered to be less risky than BDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZDH.TO | BDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 4.14% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 10.09% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 11.95% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 14.73% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 18.70% | -2.40% |
Dividends
ZDH.TO vs. BDIV.TO - Dividend Comparison
ZDH.TO's dividend yield for the trailing twelve months is around 2.74%, less than BDIV.TO's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDIV.TO Brompton Global Dividend Growth ETF | 5.84% | 6.05% | 6.43% | 7.21% | 7.11% | 5.30% | 6.12% | 5.23% | 0.00% | 0.00% | 0.00% | 0.00% |
ZDH.TO BMO International Dividend Hedged to CAD ETF | 2.74% | 3.09% | 4.03% | 4.25% | 4.06% | 3.72% | 5.35% | 4.88% | 5.37% | 4.43% | 4.38% | 1.67% |
Frequently Asked Questions
ZDH.TO and BDIV.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and Brompton.
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