ZDJ.TO vs. VTI

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Dow Jones Industrial Average Hedged to CAD Index ETF (ZDJ.TO) and Vanguard Total Stock Market ETF (VTI).

ZDJ.TO and VTI 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. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on Jun 27, 2016. Both ZDJ.TO and VTI 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. VTI - 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 Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

ZDJ.TO vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZDJ.TO BMO Dow Jones Industrial Average Hedged to CAD Index ETF	-3.79%	12.55%	13.24%	14.35%	-8.72%	19.71%	6.56%	23.40%	-6.21%	27.14%
VTI Vanguard Total Stock Market ETF	-2.72%	11.73%	34.45%	23.27%	-13.79%	24.55%	19.03%	24.25%	2.80%	13.49%

Different Trading Currencies

ZDJ.TO is traded in CAD, while VTI is traded in USD. To make them comparable, the VTI 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 VTI's -2.72% return. Over the past 10 years, ZDJ.TO has underperformed VTI with an annualized return of 10.46%, while VTI has yielded a comparatively higher 14.36% annualized 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%

VTI

• 1D: 2.81%
• 1M: -3.13%
• YTD: -2.72%
• 6M: -1.75%
• 1Y: 14.17%
• 3Y*: 18.97%
• 5Y*: 12.76%
• 10Y*: 14.36%

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

ZDJ.TO vs. VTI - Expense Ratio Comparison

ZDJ.TO has a 0.15% expense ratio, which is higher than VTI's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

ZDJ.TO

BMO Dow Jones Industrial Average Hedged to CAD Index ETF

VTI

Vanguard Total Stock Market ETF

Return for Risk

ZDJ.TO vs. VTI — 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: 34
ZDJ.TO Sharpe Ratio Rank: 31
ZDJ.TO Sortino Ratio Rank: 32
ZDJ.TO Omega Ratio Rank: 31
ZDJ.TO Calmar Ratio Rank: 38
ZDJ.TO Martin Ratio Rank: 37

VTI

VTI Risk / Return Rank: 65
VTI Sharpe Ratio Rank: 58
VTI Sortino Ratio Rank: 62
VTI Omega Ratio Rank: 65
VTI Calmar Ratio Rank: 65
VTI Martin Ratio Rank: 75

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. VTI - 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 Vanguard Total Stock Market ETF (VTI). 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.TO	VTI	Difference
Sharpe ratio Return per unit of total volatility	0.58	0.76	-0.18
Sortino ratio Return per unit of downside risk	0.96	1.16	-0.20
Omega ratio Gain probability vs. loss probability	1.13	1.18	-0.05
Calmar ratio Return relative to maximum drawdown	1.00	1.27	-0.27
Martin ratio Return relative to average drawdown	3.53	4.80	-1.27
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. VTI - Sharpe Ratio Comparison

The current ZDJ.TO Sharpe Ratio is 0.58, which is comparable to the VTI Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of ZDJ.TO and VTI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZDJ.TO	VTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	0.76	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.83	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.87	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	1.02	-0.31

Correlation

The correlation between ZDJ.TO and VTI is 0.67, 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. VTI - Dividend Comparison

ZDJ.TO's dividend yield for the trailing twelve months is around 1.11%, less than VTI's 1.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VTI Vanguard Total Stock Market ETF	1.17%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Drawdowns

ZDJ.TO vs. VTI - Drawdown Comparison

The maximum ZDJ.TO drawdown since its inception was -38.63%, which is greater than VTI's maximum drawdown of -28.73%. Use the drawdown chart below to compare losses from any high point for ZDJ.TO and VTI.

Drawdown Indicators

	ZDJ.TO	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-38.63%	-55.45%	+16.82%
Max Drawdown (1Y) Largest decline over 1 year	-10.55%	-12.30%	+1.75%
Max Drawdown (5Y) Largest decline over 5 years	-21.79%	-25.36%	+3.57%
Max Drawdown (10Y) Largest decline over 10 years	-38.63%	-35.00%	-3.63%
Current Drawdown Current decline from peak	-7.79%	-6.25%	-1.54%
Average Drawdown Average peak-to-trough decline	-3.82%	-8.08%	+4.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	2.58%	+0.41%

Volatility

ZDJ.TO vs. VTI - Volatility Comparison

The current volatility for BMO Dow Jones Industrial Average Hedged to CAD Index ETF (ZDJ.TO) is 5.09%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 5.40%. This indicates that ZDJ.TO experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZDJ.TO	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	5.40%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	9.80%	-0.21%
Volatility (1Y) Calculated over the trailing 1-year period	16.75%	18.80%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	15.43%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.83%	16.49%	+1.34%