ZDI.TO vs. ZAG.TO
Compare and contrast key facts about BMO International Dividend ETF (ZDI.TO) and BMO Aggregate Bond Index ETF (ZAG.TO).
ZDI.TO and ZAG.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZDI.TO is an actively managed fund by BMO. It was launched on Nov 5, 2014. ZAG.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Universe Bond Index. It was launched on Jan 19, 2010.
Performance
ZDI.TO vs. ZAG.TO - Performance Comparison
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ZDI.TO vs. ZAG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZAG.TO BMO Aggregate Bond Index ETF | 0.04% | 2.25% | 4.48% | 6.41% | -11.60% | -2.60% | 8.34% | 6.84% | 1.12% | 2.45% |
Returns By Period
In the year-to-date period, ZDI.TO achieves a 6.64% return, which is significantly higher than ZAG.TO's 0.04% return. Over the past 10 years, ZDI.TO has outperformed ZAG.TO with an annualized return of 9.14%, while ZAG.TO has yielded a comparatively lower 1.66% annualized return.
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%
ZAG.TO
- 1D
- 0.15%
- 1M
- -2.08%
- YTD
- 0.04%
- 6M
- -0.26%
- 1Y
- 0.56%
- 3Y*
- 3.34%
- 5Y*
- 0.58%
- 10Y*
- 1.66%
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ZDI.TO vs. ZAG.TO - Expense Ratio Comparison
ZDI.TO has a 0.44% expense ratio, which is higher than ZAG.TO's 0.09% expense ratio.
Return for Risk
ZDI.TO vs. ZAG.TO — Risk / Return Rank
ZDI.TO
ZAG.TO
ZDI.TO vs. ZAG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO International Dividend ETF (ZDI.TO) and BMO Aggregate Bond Index ETF (ZAG.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 | ZAG.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.12 | +1.10 |
Sortino ratioReturn per unit of downside risk | 1.70 | 0.19 | +1.51 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.02 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 0.30 | +1.34 |
Martin ratioReturn relative to average drawdown | 6.45 | 0.60 | +5.85 |
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
| ZDI.TO | ZAG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.12 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.09 | +0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.24 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.44 | +0.08 |
Correlation
The correlation between ZDI.TO and ZAG.TO is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ZDI.TO vs. ZAG.TO - Dividend Comparison
ZDI.TO's dividend yield for the trailing twelve months is around 3.15%, less than ZAG.TO's 3.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZAG.TO BMO Aggregate Bond Index ETF | 3.48% | 3.48% | 3.44% | 3.47% | 3.56% | 3.04% | 2.88% | 3.03% | 2.92% | 2.95% | 3.07% | 3.13% |
Drawdowns
ZDI.TO vs. ZAG.TO - Drawdown Comparison
The maximum ZDI.TO drawdown since its inception was -33.89%, which is greater than ZAG.TO's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for ZDI.TO and ZAG.TO.
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Drawdown Indicators
| ZDI.TO | ZAG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.89% | -18.03% | -15.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -2.84% | -8.46% |
Max Drawdown (5Y)Largest decline over 5 years | -18.97% | -15.77% | -3.20% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -18.03% | -15.86% |
Current DrawdownCurrent decline from peak | -4.76% | -2.71% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -3.56% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.41% | +1.46% |
Volatility
ZDI.TO vs. ZAG.TO - Volatility Comparison
BMO International Dividend ETF (ZDI.TO) has a higher volatility of 6.83% compared to BMO Aggregate Bond Index ETF (ZAG.TO) at 1.90%. This indicates that ZDI.TO's price experiences larger fluctuations and is considered to be riskier than ZAG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZDI.TO | ZAG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.83% | 1.90% | +4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 2.96% | +7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.48% | 4.65% | +10.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.92% | 6.53% | +6.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 7.09% | +8.65% |