PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ZDH.TO vs. ZEQT.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZDH.TO vs. ZEQT.TO

Last updated Apr 2, 2026

Compare and contrast key facts about BMO International Dividend Hedged to CAD ETF (ZDH.TO) and BMO All-Equity ETF (ZEQT.TO).

ZDH.TO and ZEQT.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. ZEQT.TO is an actively managed fund by BMO. It was launched on Jan 24, 2022.

Performance

ZDH.TO vs. ZEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO International Dividend Hedged to CAD ETF (ZDH.TO) and BMO All-Equity ETF (ZEQT.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

ZDH.TO vs. ZEQT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
ZDH.TO
BMO International Dividend Hedged to CAD ETF		7.35%21.88%10.74%17.42%2.55%
ZEQT.TO
BMO All-Equity ETF		1.00%19.67%25.44%16.79%-5.55%

Returns By Period

In the year-to-date period, ZDH.TO achieves a 7.35% return, which is significantly higher than ZEQT.TO's 1.00% return.

ZDH.TO

1D
0.97%
1M
-1.86%
YTD
7.35%
6M
14.58%
1Y
23.12%
3Y*
16.89%
5Y*
13.91%
10Y*
10.63%

ZEQT.TO

1D
0.59%
1M
-3.85%
YTD
1.00%
6M
2.22%
1Y
21.48%
3Y*
18.70%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO International Dividend Hedged to CAD ETF

BMO All-Equity ETF

Often compared with ZDH.TO:
ZDH.TO vs. ZDI.TOZDH.TO vs. TGED.TOZDH.TO vs. ZMMK.TOZDH.TO vs. ZCN.TOZDH.TO vs. ZLB.TOZDH.TO vs. ZNQ.TOZDH.TO vs. ZSP.TO
Often compared with ZEQT.TO:
ZEQT.TO vs. XEQT.TOZEQT.TO vs. VEQT.TOZEQT.TO vs. ZSP.TOZEQT.TO vs. VFV.TOZEQT.TO vs. VGRO.TOZEQT.TO vs. HEQT.TOZEQT.TO vs. TGRO.TO

ZDH.TO vs. ZEQT.TO - Expense Ratio Comparison

ZDH.TO has a 0.40% expense ratio, which is higher than ZEQT.TO's 0.20% expense ratio.

ZDH.TO
BMO International Dividend Hedged to CAD ETF
ZEQT.TO
BMO All-Equity ETF

Return for Risk

ZDH.TO vs. ZEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZDH.TO
ZDH.TO Risk / Return Rank: 7474
Overall Rank
ZDH.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
ZDH.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
ZDH.TO Omega Ratio Rank: 7979
Omega Ratio Rank
ZDH.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
ZDH.TO Martin Ratio Rank: 7474
Martin Ratio Rank
ZEQT.TO
ZEQT.TO Risk / Return Rank: 7171
Overall Rank
ZEQT.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ZEQT.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
ZEQT.TO Omega Ratio Rank: 7272
Omega Ratio Rank
ZEQT.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
ZEQT.TO Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZDH.TO vs. ZEQT.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 All-Equity ETF (ZEQT.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.TOZEQT.TODifference

Sharpe ratio

Return per unit of total volatility

1.44

1.32

+0.12

Sortino ratio

Return per unit of downside risk

2.03

1.84

+0.20

Omega ratio

Gain probability vs. loss probability

1.32

1.28

+0.04

Calmar ratio

Return relative to maximum drawdown

2.05

1.79

+0.26

Martin ratio

Return relative to average drawdown

8.91

7.62

+1.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZDH.TO vs. ZEQT.TO - Sharpe Ratio Comparison

The current ZDH.TO Sharpe Ratio is 1.44, which is comparable to the ZEQT.TO Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of ZDH.TO and ZEQT.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

ZDH.TOZEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.44

1.32

+0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.06

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

1.02

-0.44

Correlation

The correlation between ZDH.TO and ZEQT.TO is 0.58, 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. ZEQT.TO - Dividend Comparison

ZDH.TO's dividend yield for the trailing twelve months is around 2.84%, more than ZEQT.TO's 1.44% yield.

TTM20252024202320222021202020192018201720162015
ZDH.TO
BMO International Dividend Hedged to CAD ETF		2.84%3.09%4.01%4.23%4.04%3.70%5.34%4.87%5.36%4.41%4.37%1.66%
ZEQT.TO
BMO All-Equity ETF		1.44%1.45%1.69%2.13%2.43%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ZDH.TO vs. ZEQT.TO - Drawdown Comparison

The maximum ZDH.TO drawdown since its inception was -37.62%, which is greater than ZEQT.TO's maximum drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for ZDH.TO and ZEQT.TO.

Loading graphics...

Drawdown Indicators

ZDH.TOZEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-37.62%

-16.87%

-20.75%

Max Drawdown (1Y)

Largest decline over 1 year

-11.08%

-11.90%

+0.82%

Max Drawdown (5Y)

Largest decline over 5 years

-13.74%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-37.62%

—

—

Current Drawdown

Current decline from peak

-3.21%

-5.31%

+2.10%

Average Drawdown

Average peak-to-trough decline

-4.10%

-3.09%

-1.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.61%

2.80%

-0.19%

Volatility

ZDH.TO vs. ZEQT.TO - Volatility Comparison

BMO International Dividend Hedged to CAD ETF (ZDH.TO) and BMO All-Equity ETF (ZEQT.TO) have volatilities of 5.53% and 5.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

ZDH.TOZEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.53%

5.48%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

8.79%

10.03%

-1.24%

Volatility (1Y)

Calculated over the trailing 1-year period

16.16%

16.40%

-0.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.22%

13.78%

-0.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.54%

13.78%

+2.76%