PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ZDJ.TO vs. ETSX.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZDJ.TO vs. ETSX.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Dow Jones Industrial Average Hedged to CAD Index ETF (ZDJ.TO) and Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO).

ZDJ.TO and ETSX.TO 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. ETSX.TO is a passively managed fund by Evolve that tracks the performance of the S&P/TSX 60. It was launched on Jan 9, 2023. Both ZDJ.TO and ETSX.TO 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. ETSX.TO - 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 Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

ZDJ.TO vs. ETSX.TO - Yearly Performance Comparison

2026 (YTD)202520242023
ZDJ.TO
BMO Dow Jones Industrial Average Hedged to CAD Index ETF		-3.79%12.55%13.24%11.40%
ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged		0.82%25.93%18.50%6.16%

Returns By Period

In the year-to-date period, ZDJ.TO achieves a -3.79% return, which is significantly lower than ETSX.TO's 0.82% 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%

ETSX.TO

1D
1.29%
1M
-4.15%
YTD
0.82%
6M
7.20%
1Y
27.15%
3Y*
16.81%
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

Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged

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. DJIA
Often compared with ETSX.TO:
ETSX.TO vs. KNGC.TOETSX.TO vs. TQCD.TOETSX.TO vs. TULV.TOETSX.TO vs. HDIV.TOETSX.TO vs. TPU.TOETSX.TO vs. BRKY.NEOETSX.TO vs. FCUQ.TO

ZDJ.TO vs. ETSX.TO - Expense Ratio Comparison

ZDJ.TO has a 0.15% expense ratio, which is lower than ETSX.TO's 0.45% expense ratio.

ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged
ZDJ.TO
BMO Dow Jones Industrial Average Hedged to CAD Index ETF

Return for Risk

ZDJ.TO vs. ETSX.TO — 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
ETSX.TO
ETSX.TO Risk / Return Rank: 8989
Overall Rank
ETSX.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
ETSX.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
ETSX.TO Omega Ratio Rank: 9292
Omega Ratio Rank
ETSX.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
ETSX.TO Martin Ratio Rank: 9090
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. ETSX.TO - 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 Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.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.

ZDJ.TOETSX.TODifference

Sharpe ratio

Return per unit of total volatility

0.58

2.01

-1.42

Sortino ratio

Return per unit of downside risk

0.96

2.72

-1.76

Omega ratio

Gain probability vs. loss probability

1.13

1.41

-0.28

Calmar ratio

Return relative to maximum drawdown

1.00

2.41

-1.41

Martin ratio

Return relative to average drawdown

3.53

11.88

-8.35

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. ETSX.TO - Sharpe Ratio Comparison

The current ZDJ.TO Sharpe Ratio is 0.58, which is lower than the ETSX.TO Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of ZDJ.TO and ETSX.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

ZDJ.TOETSX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.58

2.01

-1.42

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

1.34

-0.63

Correlation

The correlation between ZDJ.TO and ETSX.TO is 0.59, 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

ZDJ.TO vs. ETSX.TO - Dividend Comparison

ZDJ.TO's dividend yield for the trailing twelve months is around 1.11%, less than ETSX.TO's 8.77% 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%
ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged		8.77%9.39%9.20%9.92%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ZDJ.TO vs. ETSX.TO - Drawdown Comparison

The maximum ZDJ.TO drawdown since its inception was -38.63%, which is greater than ETSX.TO's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for ZDJ.TO and ETSX.TO.

Loading graphics...

Drawdown Indicators

ZDJ.TOETSX.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.63%

-12.23%

-26.40%

Max Drawdown (1Y)

Largest decline over 1 year

-10.55%

-9.97%

-0.58%

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%

-4.81%

-2.98%

Average Drawdown

Average peak-to-trough decline

-3.82%

-1.69%

-2.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.99%

2.02%

+0.97%

Volatility

ZDJ.TO vs. ETSX.TO - Volatility Comparison

BMO Dow Jones Industrial Average Hedged to CAD Index ETF (ZDJ.TO) and Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) have volatilities of 5.09% and 5.04%, 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

ZDJ.TOETSX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.09%

5.04%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

9.59%

9.12%

+0.47%

Volatility (1Y)

Calculated over the trailing 1-year period

16.75%

13.83%

+2.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.74%

11.75%

+2.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.83%

11.75%

+6.08%