ZDH.TO vs. TGED.TO
Compare and contrast key facts about BMO International Dividend Hedged to CAD ETF (ZDH.TO) and TD Active Global Enhanced Dividend ETF (TGED.TO).
ZDH.TO and TGED.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZDH.TO is managed by BMO. It was launched on Sep 2, 2015. TGED.TO is an actively managed fund by TD. It was launched on Mar 29, 2022.
Performance
ZDH.TO vs. TGED.TO - Performance Comparison
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ZDH.TO vs. TGED.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZDH.TO BMO International Dividend Hedged to CAD ETF | 6.32% | 21.88% | 10.74% | 17.42% | 3.42% | 19.82% | -9.45% | 9.45% |
TGED.TO TD Active Global Enhanced Dividend ETF | -0.04% | 10.63% | 38.60% | 23.33% | -14.27% | 20.42% | 19.17% | 10.07% |
Returns By Period
In the year-to-date period, ZDH.TO achieves a 6.32% return, which is significantly higher than TGED.TO's -0.04% return.
ZDH.TO
- 1D
- 2.26%
- 1M
- -4.03%
- YTD
- 6.32%
- 6M
- 15.34%
- 1Y
- 22.07%
- 3Y*
- 16.51%
- 5Y*
- 13.69%
- 10Y*
- 10.52%
TGED.TO
- 1D
- 3.14%
- 1M
- -6.47%
- YTD
- -0.04%
- 6M
- -1.87%
- 1Y
- 15.82%
- 3Y*
- 20.43%
- 5Y*
- 13.68%
- 10Y*
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ZDH.TO vs. TGED.TO - Expense Ratio Comparison
ZDH.TO has a 0.40% expense ratio, which is lower than TGED.TO's 0.72% expense ratio.
Return for Risk
ZDH.TO vs. TGED.TO — Risk / Return Rank
ZDH.TO
TGED.TO
ZDH.TO vs. TGED.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 TD Active Global Enhanced Dividend ETF (TGED.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.
| ZDH.TO | TGED.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 0.82 | +0.55 |
Sortino ratioReturn per unit of downside risk | 1.95 | 1.20 | +0.75 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.18 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.33 | +0.55 |
Martin ratioReturn relative to average drawdown | 8.16 | 4.69 | +3.47 |
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
| ZDH.TO | TGED.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 0.82 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.89 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.88 | -0.31 |
Correlation
The correlation between ZDH.TO and TGED.TO is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ZDH.TO vs. TGED.TO - Dividend Comparison
ZDH.TO's dividend yield for the trailing twelve months is around 2.87%, less than TGED.TO's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZDH.TO BMO International Dividend Hedged to CAD ETF | 2.87% | 3.09% | 4.01% | 4.23% | 4.04% | 3.70% | 5.34% | 4.87% | 5.36% | 4.41% | 4.37% | 1.66% |
TGED.TO TD Active Global Enhanced Dividend ETF | 3.88% | 3.79% | 3.01% | 3.97% | 4.70% | 3.44% | 3.63% | 2.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZDH.TO vs. TGED.TO - Drawdown Comparison
The maximum ZDH.TO drawdown since its inception was -37.62%, which is greater than TGED.TO's maximum drawdown of -26.19%. Use the drawdown chart below to compare losses from any high point for ZDH.TO and TGED.TO.
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Drawdown Indicators
| ZDH.TO | TGED.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -26.19% | -11.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.33% | -12.29% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -13.74% | -23.05% | +9.31% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | — | — |
Current DrawdownCurrent decline from peak | -4.14% | -7.95% | +3.81% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -4.74% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 3.48% | -0.88% |
Volatility
ZDH.TO vs. TGED.TO - Volatility Comparison
The current volatility for BMO International Dividend Hedged to CAD ETF (ZDH.TO) is 5.81%, while TD Active Global Enhanced Dividend ETF (TGED.TO) has a volatility of 7.44%. This indicates that ZDH.TO experiences smaller price fluctuations and is considered to be less risky than TGED.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 | TGED.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 7.44% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 12.56% | -3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 19.39% | -3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.22% | 15.53% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 16.69% | -0.15% |