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ZDM.TO vs. FINT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZDM.TO vs. FINT.TO

Last updated Jul 16, 2026
Documentation

ZDM.TO (BMO MSCI EAFE Hedged to CAD Index ETF) and FINT.TO (First Trust International Capital Strength ETF) are both International Equity funds - ZDM.TO tracks the MSCI EAFE 100% Hedged to CAD Index while FINT.TO tracks the Nasdaq International Capital Strength Index. Both are passively managed. Over the past 5 years, ZDM.TO returned 12.50%/yr vs 8.29%/yr for FINT.TO. At a 0.18 correlation, their price movements are largely independent.

Performance

ZDM.TO vs. FINT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI EAFE Hedged to CAD Index ETF (ZDM.TO) and First Trust International Capital Strength ETF (FINT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with ZDM.TO having a 12.44% return and FINT.TO slightly higher at 12.84%.

ZDM.TO

1D
0.13%
1M
1.16%
6M
7.93%
YTD
12.44%
1Y
24.57%
3Y*
17.15%
5Y*
12.50%
10Y*
10.86%

FINT.TO

1D
0.14%
1M
-2.99%
6M
7.55%
YTD
12.84%
1Y
25.05%
3Y*
16.53%
5Y*
8.29%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZDM.TO vs. FINT.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ZDM.TO
BMO MSCI EAFE Hedged to CAD Index ETF		12.44%20.34%12.72%18.62%-5.78%18.93%0.25%20.03%-11.10%
FINT.TO
First Trust International Capital Strength ETF		12.84%28.55%6.00%11.49%-14.84%12.52%14.71%31.52%-19.50%

Correlation

The correlation between ZDM.TO and FINT.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2018

0.18

The correlation between ZDM.TO and FINT.TO shifts across timeframes, from 0.18 (3 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.

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BMO MSCI EAFE Hedged to CAD Index ETF

First Trust International Capital Strength ETF

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Return for Risk

ZDM.TO vs. FINT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZDM.TO
ZDM.TO Risk / Return Rank: 6969
Overall Rank
ZDM.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
ZDM.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
ZDM.TO Omega Ratio Rank: 7373
Omega Ratio Rank
ZDM.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
ZDM.TO Martin Ratio Rank: 7171
Martin Ratio Rank
FINT.TO
FINT.TO Risk / Return Rank: 5555
Overall Rank
FINT.TO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
FINT.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
FINT.TO Omega Ratio Rank: 5858
Omega Ratio Rank
FINT.TO Calmar Ratio Rank: 5151
Calmar Ratio Rank
FINT.TO Martin Ratio Rank: 5555
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.

ZDM.TO vs. FINT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI EAFE Hedged to CAD Index ETF (ZDM.TO) and First Trust International Capital Strength ETF (FINT.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ZDM.TOFINT.TODifference
Sharpe ratioReturn per unit of total volatility
1.81
1.52

+0.29

Sortino ratioReturn per unit of downside risk
2.58
2.25

+0.32

Omega ratioGain probability vs. loss probability

1.34

1.29

+0.05

Calmar ratioReturn relative to maximum drawdown

2.51

2.13

+0.38

Martin ratioReturn relative to average drawdown

10.36

7.67

+2.69

ZDM.TO vs. FINT.TO - Sharpe Ratio Comparison

The current ZDM.TO Sharpe Ratio is 1.81, which is comparable to the FINT.TO Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of ZDM.TO and FINT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ZDM.TO vs. FINT.TO - Drawdown Comparison

The maximum ZDM.TO drawdown since its inception was -33.45%, which is greater than FINT.TO's maximum drawdown of -29.12%. Use the drawdown chart below to compare losses from any high point for ZDM.TO and FINT.TO.

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Drawdown Indicators

ZDM.TOFINT.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.45%

-29.12%

-4.33%

Max Drawdown (1Y)

Largest decline over 1 year

-9.82%

-11.82%

+2.00%

Max Drawdown (3Y)

Largest decline over 3 years

-14.07%

-14.37%

+0.30%

Max Drawdown (5Y)

Largest decline over 5 years

-15.63%

-28.43%

+12.80%

Max Drawdown (10Y)

Largest decline over 10 years

-33.45%

—

—

Current Drawdown

Current decline from peak

-1.13%

-5.05%

+3.92%

Average Drawdown

Average peak-to-trough decline

-5.14%

-7.12%

+1.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.38%

3.27%

-0.89%

Volatility

ZDM.TO vs. FINT.TO - Volatility Comparison

The current volatility for BMO MSCI EAFE Hedged to CAD Index ETF (ZDM.TO) is 3.18%, while First Trust International Capital Strength ETF (FINT.TO) has a volatility of 5.12%. This indicates that ZDM.TO experiences smaller price fluctuations and is considered to be less risky than FINT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZDM.TOFINT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.18%

5.12%

-1.94%

Volatility (6M)

Calculated over the trailing 6-month period

11.46%

13.87%

-2.41%

Volatility (1Y)

Calculated over the trailing 1-year period

13.61%

16.53%

-2.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.88%

15.14%

-1.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.63%

17.42%

-1.79%

Dividends

ZDM.TO vs. FINT.TO - Dividend Comparison

ZDM.TO's dividend yield for the trailing twelve months is around 1.90%, less than FINT.TO's 1.93% yield.

PositionTTM20252024202320222021202020192018201720162015
FINT.TO
First Trust International Capital Strength ETF		1.93%2.00%1.42%2.00%1.26%0.00%0.25%1.18%0.00%0.00%0.00%0.00%
ZDM.TO
BMO MSCI EAFE Hedged to CAD Index ETF		1.90%2.13%2.71%2.97%3.20%2.38%2.80%2.97%3.29%2.47%3.30%2.53%

Frequently Asked Questions

ZDM.TO and FINT.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ZDM.TO tracks MSCI EAFE 100% Hedged to CAD Index, while FINT.TO tracks Nasdaq International Capital Strength Index. They also come from different issuers: BMO and First Trust.

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