ZDH.TO vs. DXG.TO
ZDH.TO (BMO International Dividend Hedged to CAD ETF) and DXG.TO (Dynamic Active Global Dividend ETF) are both Global Equity Income funds. Over the past 5 years, ZDH.TO returned 14.21%/yr vs 15.38%/yr for DXG.TO. At a 0.47 correlation, their price movements are largely independent.
Performance
ZDH.TO vs. DXG.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 lower than DXG.TO's 18.48% 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%
DXG.TO
- 1D
- -0.63%
- 1M
- -4.14%
- 6M
- 13.26%
- YTD
- 18.48%
- 1Y
- 22.71%
- 3Y*
- 30.55%
- 5Y*
- 15.38%
- 10Y*
- —
ZDH.TO vs. DXG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -9.14% | 13.99% |
DXG.TO Dynamic Active Global Dividend ETF | 18.48% | 13.33% | 55.25% | 10.41% | -16.50% | 10.24% | 35.26% | 24.34% | 14.67% | 17.26% |
Correlation
The correlation between ZDH.TO and DXG.TO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2017 | 0.47 |
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Return for Risk
ZDH.TO vs. DXG.TO — Risk / Return Rank
ZDH.TO
DXG.TO
ZDH.TO vs. DXG.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 Dynamic Active Global Dividend ETF (DXG.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 | DXG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.19 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 1.93 | +1.21 |
| Martin ratioReturn relative to average drawdown | 13.20 | 6.68 | +6.52 |
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Drawdowns
ZDH.TO vs. DXG.TO - Drawdown Comparison
The maximum ZDH.TO drawdown since its inception was -37.62%, which is greater than DXG.TO's maximum drawdown of -26.03%. Use the drawdown chart below to compare losses from any high point for ZDH.TO and DXG.TO.
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Drawdown Indicators
| ZDH.TO | DXG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -26.03% | -11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -11.81% | +2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -13.74% | -22.90% | +9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -13.74% | -26.03% | +12.29% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -7.50% | +6.66% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -6.18% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 3.41% | -1.29% |
Volatility
ZDH.TO vs. DXG.TO - Volatility Comparison
The current volatility for BMO International Dividend Hedged to CAD ETF (ZDH.TO) is 3.11%, while Dynamic Active Global Dividend ETF (DXG.TO) has a volatility of 7.54%. This indicates that ZDH.TO experiences smaller price fluctuations and is considered to be less risky than DXG.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 | DXG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 7.54% | -4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 18.77% | -9.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 21.73% | -9.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 19.51% | -6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 19.50% | -3.20% |
Dividends
ZDH.TO vs. DXG.TO - Dividend Comparison
ZDH.TO's dividend yield for the trailing twelve months is around 2.74%, while DXG.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXG.TO Dynamic Active Global Dividend ETF | 0.00% | 0.00% | 12.23% | 0.50% | 0.17% | 0.02% | 0.00% | 0.00% | 0.00% | 0.06% | 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 DXG.TO have a correlation of 0.50, 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 Dynamic.
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