ZDH.TO vs. ZDI.TO
Compare and contrast key facts about BMO International Dividend Hedged to CAD ETF (ZDH.TO) and BMO International Dividend ETF (ZDI.TO).
ZDH.TO and ZDI.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. ZDI.TO is an actively managed fund by BMO. It was launched on Nov 5, 2014.
Performance
ZDH.TO vs. ZDI.TO - Performance Comparison
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ZDH.TO vs. ZDI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZDH.TO BMO International Dividend Hedged to CAD ETF | 6.32% | 21.88% | 10.74% | 17.42% | 3.42% | 19.82% | -9.45% | 19.91% | -9.16% | 13.02% |
ZDI.TO BMO International Dividend ETF | 6.64% | 22.48% | 10.57% | 17.05% | 0.31% | 12.87% | -6.21% | 12.96% | -6.84% | 15.07% |
Returns By Period
In the year-to-date period, ZDH.TO achieves a 6.32% return, which is significantly lower than ZDI.TO's 6.64% return. Over the past 10 years, ZDH.TO has outperformed ZDI.TO with an annualized return of 10.52%, while ZDI.TO has yielded a comparatively lower 9.14% annualized 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%
ZDI.TO
- 1D
- 2.56%
- 1M
- -4.38%
- YTD
- 6.64%
- 6M
- 9.28%
- 1Y
- 18.85%
- 3Y*
- 16.10%
- 5Y*
- 12.61%
- 10Y*
- 9.14%
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ZDH.TO vs. ZDI.TO - Expense Ratio Comparison
ZDH.TO has a 0.40% expense ratio, which is lower than ZDI.TO's 0.44% expense ratio.
Return for Risk
ZDH.TO vs. ZDI.TO — Risk / Return Rank
ZDH.TO
ZDI.TO
ZDH.TO vs. ZDI.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 BMO International Dividend ETF (ZDI.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 | ZDI.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.22 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.95 | 1.70 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.64 | +0.24 |
Martin ratioReturn relative to average drawdown | 8.16 | 6.45 | +1.72 |
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 | ZDI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.22 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.98 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.58 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.52 | +0.05 |
Correlation
The correlation between ZDH.TO and ZDI.TO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ZDH.TO vs. ZDI.TO - Dividend Comparison
ZDH.TO's dividend yield for the trailing twelve months is around 2.87%, less than ZDI.TO's 3.15% 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% |
ZDI.TO BMO International Dividend ETF | 3.15% | 3.34% | 3.94% | 4.15% | 3.99% | 3.72% | 4.96% | 4.92% | 5.23% | 4.23% | 4.62% | 4.26% |
Drawdowns
ZDH.TO vs. ZDI.TO - Drawdown Comparison
The maximum ZDH.TO drawdown since its inception was -37.62%, which is greater than ZDI.TO's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for ZDH.TO and ZDI.TO.
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Drawdown Indicators
| ZDH.TO | ZDI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -33.89% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.33% | -11.30% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -13.74% | -18.97% | +5.23% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | -33.89% | -3.73% |
Current DrawdownCurrent decline from peak | -4.14% | -4.76% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -4.89% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.87% | -0.27% |
Volatility
ZDH.TO vs. ZDI.TO - Volatility Comparison
The current volatility for BMO International Dividend Hedged to CAD ETF (ZDH.TO) is 5.81%, while BMO International Dividend ETF (ZDI.TO) has a volatility of 6.83%. This indicates that ZDH.TO experiences smaller price fluctuations and is considered to be less risky than ZDI.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 | ZDI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 6.83% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 9.99% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 15.48% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.22% | 12.92% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 15.74% | +0.80% |