ZDI.TO vs. ZWC.TO
Compare and contrast key facts about BMO International Dividend ETF (ZDI.TO) and BMO CA High Dividend Covered Call ETF (ZWC.TO).
ZDI.TO and ZWC.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. ZWC.TO is an actively managed fund by BMO. It was launched on Feb 3, 2017.
Performance
ZDI.TO vs. ZWC.TO - Performance Comparison
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ZDI.TO vs. ZWC.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% | 15.37% |
ZWC.TO BMO CA High Dividend Covered Call ETF | 6.38% | 22.79% | 12.00% | 7.54% | -3.54% | 25.39% | -6.92% | 17.32% | -10.05% | 7.34% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ZDI.TO having a 6.64% return and ZWC.TO slightly lower at 6.38%.
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%
ZWC.TO
- 1D
- 1.51%
- 1M
- -1.96%
- YTD
- 6.38%
- 6M
- 12.84%
- 1Y
- 27.26%
- 3Y*
- 15.07%
- 5Y*
- 11.59%
- 10Y*
- —
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ZDI.TO vs. ZWC.TO - Expense Ratio Comparison
ZDI.TO has a 0.44% expense ratio, which is lower than ZWC.TO's 0.91% expense ratio.
Return for Risk
ZDI.TO vs. ZWC.TO — Risk / Return Rank
ZDI.TO
ZWC.TO
ZDI.TO vs. ZWC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO International Dividend ETF (ZDI.TO) and BMO CA High Dividend Covered Call ETF (ZWC.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 | ZWC.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 2.70 | -1.47 |
Sortino ratioReturn per unit of downside risk | 1.70 | 3.45 | -1.75 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.58 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 3.15 | -1.51 |
Martin ratioReturn relative to average drawdown | 6.45 | 16.47 | -10.02 |
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 | ZWC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.70 | -1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 1.16 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.53 | -0.01 |
Correlation
The correlation between ZDI.TO and ZWC.TO is 0.61, 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
ZDI.TO vs. ZWC.TO - Dividend Comparison
ZDI.TO's dividend yield for the trailing twelve months is around 3.15%, less than ZWC.TO's 5.72% 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% |
ZWC.TO BMO CA High Dividend Covered Call ETF | 5.72% | 5.92% | 6.73% | 7.62% | 7.01% | 6.60% | 8.15% | 6.92% | 7.11% | 5.46% | 0.00% | 0.00% |
Drawdowns
ZDI.TO vs. ZWC.TO - Drawdown Comparison
The maximum ZDI.TO drawdown since its inception was -33.89%, smaller than the maximum ZWC.TO drawdown of -40.57%. Use the drawdown chart below to compare losses from any high point for ZDI.TO and ZWC.TO.
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Drawdown Indicators
| ZDI.TO | ZWC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.89% | -40.57% | +6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -8.93% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -18.97% | -16.43% | -2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -4.76% | -2.63% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -4.76% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.71% | +1.16% |
Volatility
ZDI.TO vs. ZWC.TO - Volatility Comparison
BMO International Dividend ETF (ZDI.TO) has a higher volatility of 6.83% compared to BMO CA High Dividend Covered Call ETF (ZWC.TO) at 3.93%. This indicates that ZDI.TO's price experiences larger fluctuations and is considered to be riskier than ZWC.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 | ZWC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.83% | 3.93% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 6.60% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.48% | 10.17% | +5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.92% | 10.09% | +2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 15.04% | +0.70% |