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ZDJ.TO vs. DJIA
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZDJ.TO vs. DJIA

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Dow Jones Industrial Average Hedged to CAD Index ETF (ZDJ.TO) and Global X Dow 30 Covered Call ETF (DJIA).

ZDJ.TO and DJIA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZDJ.TO is a passively managed fund by BMO that tracks the performance of the Dow Jones Industrial Average (CAD Hedged). It was launched on Feb 3, 2011. DJIA is a passively managed fund by Global X that tracks the performance of the DJIA Cboe BuyWrite v2 Index. It was launched on Feb 23, 2022. Both ZDJ.TO and DJIA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ZDJ.TO vs. DJIA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Dow Jones Industrial Average Hedged to CAD Index ETF (ZDJ.TO) and Global X Dow 30 Covered Call ETF (DJIA). The values are adjusted to include any dividend payments, if applicable.

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ZDJ.TO vs. DJIA - Yearly Performance Comparison

2026 (YTD)2025202420232022
ZDJ.TO
BMO Dow Jones Industrial Average Hedged to CAD Index ETF		-3.79%12.55%13.24%14.35%-0.34%
DJIA
Global X Dow 30 Covered Call ETF		-0.88%4.11%24.36%6.75%2.74%
Different Trading Currencies

ZDJ.TO is traded in CAD, while DJIA is traded in USD. To make them comparable, the DJIA values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZDJ.TO achieves a -3.79% return, which is significantly lower than DJIA's -0.88% return.

ZDJ.TO

1D
2.66%
1M
-5.43%
YTD
-3.79%
6M
-0.26%
1Y
9.71%
3Y*
11.54%
5Y*
7.12%
10Y*
10.46%

DJIA

1D
1.58%
1M
-2.95%
YTD
-0.88%
6M
3.05%
1Y
2.92%
3Y*
10.07%
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 Dow Jones Industrial Average Hedged to CAD Index ETF

Global X Dow 30 Covered Call ETF

Often compared with ZDJ.TO:
ZDJ.TO vs. VFV.TOZDJ.TO vs. EQL.TOZDJ.TO vs. XGI.TOZDJ.TO vs. ZWG.TOZDJ.TO vs. ZQQ.TOZDJ.TO vs. ^DJIZDJ.TO vs. LGLV
Often compared with DJIA:
DJIA vs. SCHDDJIA vs. VOODJIA vs. JEPIDJIA vs. VTVDJIA vs. FCNTXDJIA vs. SPYDJIA vs. CAIBX

ZDJ.TO vs. DJIA - Expense Ratio Comparison

ZDJ.TO has a 0.15% expense ratio, which is lower than DJIA's 0.60% expense ratio.

DJIA
Global X Dow 30 Covered Call ETF
ZDJ.TO
BMO Dow Jones Industrial Average Hedged to CAD Index ETF

Return for Risk

ZDJ.TO vs. DJIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZDJ.TO
ZDJ.TO Risk / Return Rank: 3434
Overall Rank
ZDJ.TO Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
ZDJ.TO Sortino Ratio Rank: 3232
Sortino Ratio Rank
ZDJ.TO Omega Ratio Rank: 3131
Omega Ratio Rank
ZDJ.TO Calmar Ratio Rank: 3838
Calmar Ratio Rank
ZDJ.TO Martin Ratio Rank: 3737
Martin Ratio Rank
DJIA
DJIA Risk / Return Rank: 3333
Overall Rank
DJIA Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
DJIA Sortino Ratio Rank: 2929
Sortino Ratio Rank
DJIA Omega Ratio Rank: 3838
Omega Ratio Rank
DJIA Calmar Ratio Rank: 3333
Calmar Ratio Rank
DJIA Martin Ratio Rank: 3636
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.

ZDJ.TO vs. DJIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Dow Jones Industrial Average Hedged to CAD Index ETF (ZDJ.TO) and Global X Dow 30 Covered Call ETF (DJIA). 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.

ZDJ.TODJIADifference

Sharpe ratio

Return per unit of total volatility

0.58

0.22

+0.36

Sortino ratio

Return per unit of downside risk

0.96

0.39

+0.57

Omega ratio

Gain probability vs. loss probability

1.13

1.06

+0.07

Calmar ratio

Return relative to maximum drawdown

1.00

0.39

+0.61

Martin ratio

Return relative to average drawdown

3.53

1.03

+2.49

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

ZDJ.TO vs. DJIA - Sharpe Ratio Comparison

The current ZDJ.TO Sharpe Ratio is 0.58, which is higher than the DJIA Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of ZDJ.TO and DJIA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ZDJ.TODJIADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.58

0.22

+0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.81

-0.10

Correlation

The correlation between ZDJ.TO and DJIA is 0.39, 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

ZDJ.TO vs. DJIA - Dividend Comparison

ZDJ.TO's dividend yield for the trailing twelve months is around 1.11%, less than DJIA's 11.46% yield.

TTM20252024202320222021202020192018201720162015
ZDJ.TO
BMO Dow Jones Industrial Average Hedged to CAD Index ETF		1.11%1.07%1.33%1.57%1.63%1.45%1.71%1.68%1.80%1.54%1.78%1.86%
DJIA
Global X Dow 30 Covered Call ETF		11.46%10.60%11.44%7.16%9.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ZDJ.TO vs. DJIA - Drawdown Comparison

The maximum ZDJ.TO drawdown since its inception was -38.63%, which is greater than DJIA's maximum drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for ZDJ.TO and DJIA.

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Drawdown Indicators

ZDJ.TODJIADifference

Max Drawdown

Largest peak-to-trough decline

-38.63%

-16.91%

-21.72%

Max Drawdown (1Y)

Largest decline over 1 year

-10.55%

-9.20%

-1.35%

Max Drawdown (5Y)

Largest decline over 5 years

-21.79%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.63%

—

—

Current Drawdown

Current decline from peak

-7.79%

-5.59%

-2.20%

Average Drawdown

Average peak-to-trough decline

-3.82%

-3.63%

-0.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.99%

2.23%

+0.76%

Volatility

ZDJ.TO vs. DJIA - Volatility Comparison

BMO Dow Jones Industrial Average Hedged to CAD Index ETF (ZDJ.TO) has a higher volatility of 5.09% compared to Global X Dow 30 Covered Call ETF (DJIA) at 4.26%. This indicates that ZDJ.TO's price experiences larger fluctuations and is considered to be riskier than DJIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZDJ.TODJIADifference

Volatility (1M)

Calculated over the trailing 1-month period

5.09%

4.26%

+0.83%

Volatility (6M)

Calculated over the trailing 6-month period

9.59%

6.92%

+2.67%

Volatility (1Y)

Calculated over the trailing 1-year period

16.75%

13.21%

+3.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.74%

10.76%

+3.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.83%

10.76%

+7.07%