ZDI.TO vs. CRT-UN.TO

Last updated Jun 9, 2026

ZDI.TO (BMO International Dividend ETF) is International Equity fund actively managed by BMO, while CRT-UN.TO (CT Real Estate Investment Trust) is a stock. Over the past 10 years, ZDI.TO returned 9.32%/yr vs 7.63%/yr for CRT-UN.TO. At a 0.29 correlation, their price movements are largely independent.

Performance

ZDI.TO vs. CRT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO International Dividend ETF (ZDI.TO) and CT Real Estate Investment Trust (CRT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZDI.TO achieves a 10.01% return, which is significantly lower than CRT-UN.TO's 11.59% return. Over the past 10 years, ZDI.TO has outperformed CRT-UN.TO with an annualized return of 9.32%, while CRT-UN.TO has yielded a comparatively lower 7.63% annualized return.

ZDI.TO

• 1D: 0.64%
• 1M: 1.00%
• YTD: 10.01%
• 6M: 7.07%
• 1Y: 17.25%
• 3Y*: 15.86%
• 5Y*: 12.05%
• 10Y*: 9.32%

CRT-UN.TO

• 1D: -0.11%
• 1M: 1.42%
• YTD: 11.59%
• 6M: 15.18%
• 1Y: 16.30%
• 3Y*: 12.39%
• 5Y*: 7.05%
• 10Y*: 7.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZDI.TO vs. CRT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZDI.TO BMO International Dividend ETF	10.01%	19.42%	10.59%	17.04%	0.31%	12.86%	-6.23%	13.00%	-6.86%	15.11%
CRT-UN.TO CT Real Estate Investment Trust	11.59%	20.98%	3.91%	-0.26%	-5.16%	16.12%	2.73%	47.59%	-15.85%	1.45%

Correlation

The correlation between ZDI.TO and CRT-UN.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014	0.29

Return for Risk

ZDI.TO vs. CRT-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZDI.TO

ZDI.TO Risk / Return Rank: 39
ZDI.TO Sharpe Ratio Rank: 39
ZDI.TO Sortino Ratio Rank: 38
ZDI.TO Omega Ratio Rank: 39
ZDI.TO Calmar Ratio Rank: 38
ZDI.TO Martin Ratio Rank: 43

CRT-UN.TO

CRT-UN.TO Risk / Return Rank: 77
CRT-UN.TO Sharpe Ratio Rank: 79
CRT-UN.TO Sortino Ratio Rank: 75
CRT-UN.TO Omega Ratio Rank: 71
CRT-UN.TO Calmar Ratio Rank: 81
CRT-UN.TO Martin Ratio Rank: 82

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.

ZDI.TO vs. CRT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO International Dividend ETF (ZDI.TO) and CT Real Estate Investment Trust (CRT-UN.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.

	ZDI.TO	CRT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.29	-0.03
Sortino ratio: Return per unit of downside risk	1.77	1.93	-0.16
Omega ratio: Gain probability vs. loss probability	1.23	1.22	+0.01
Calmar ratio: Return relative to maximum drawdown	1.69	2.63	-0.93
Martin ratio: Return relative to average drawdown	6.31	6.86	-0.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZDI.TO vs. CRT-UN.TO - Sharpe Ratio Comparison

The current ZDI.TO Sharpe Ratio is 1.25, which is comparable to the CRT-UN.TO Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of ZDI.TO and CRT-UN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZDI.TO	CRT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.29	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.40	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.38	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.54	-0.03

Drawdowns

ZDI.TO vs. CRT-UN.TO - Drawdown Comparison

The maximum ZDI.TO drawdown since its inception was -33.87%, smaller than the maximum CRT-UN.TO drawdown of -45.88%. Use the drawdown chart below to compare losses from any high point for ZDI.TO and CRT-UN.TO.

Drawdown Indicators

	ZDI.TO	CRT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-33.87%	-45.88%	+12.01%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-6.24%	-3.99%
Max Drawdown (3Y) Largest decline over 3 years	-14.13%	-17.38%	+3.25%
Max Drawdown (5Y) Largest decline over 5 years	-18.96%	-24.70%	+5.74%
Max Drawdown (10Y) Largest decline over 10 years	-33.87%	-45.88%	+12.01%
Current Drawdown Current decline from peak	-2.82%	-0.84%	-1.98%
Average Drawdown Average peak-to-trough decline	-4.86%	-6.26%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	2.38%	+0.36%

Volatility

ZDI.TO vs. CRT-UN.TO - Volatility Comparison

BMO International Dividend ETF (ZDI.TO) has a higher volatility of 4.49% compared to CT Real Estate Investment Trust (CRT-UN.TO) at 2.78%. This indicates that ZDI.TO's price experiences larger fluctuations and is considered to be riskier than CRT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZDI.TO	CRT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	2.78%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	11.46%	9.36%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	13.85%	12.74%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.22%	17.64%	-4.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.83%	20.22%	-4.39%

Dividends

ZDI.TO vs. CRT-UN.TO - Dividend Comparison

ZDI.TO's dividend yield for the trailing twelve months is around 3.11%, less than CRT-UN.TO's 5.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRT-UN.TO CT Real Estate Investment Trust	5.35%	5.77%	6.40%	6.04%	5.48%	4.76%	5.08%	4.71%	6.34%	4.84%	4.54%	5.11%
ZDI.TO BMO International Dividend ETF	3.11%	3.41%	3.94%	4.15%	3.99%	3.72%	4.96%	4.92%	5.23%	4.23%	4.62%	4.27%

Frequently Asked Questions

Can I hold both ZDI.TO and CRT-UN.TO in my portfolio?

ZDI.TO and CRT-UN.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.