ZDM.TO vs. ZNQ.TO
Compare and contrast key facts about BMO MSCI EAFE Hedged to CAD Index ETF (ZDM.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.TO).
ZDM.TO and ZNQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZDM.TO is a passively managed fund by BMO that tracks the performance of the MSCI EAFE 100% Hedged to CAD Index. It was launched on Oct 20, 2009. ZNQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Feb 11, 2019. Both ZDM.TO and ZNQ.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
ZDM.TO vs. ZNQ.TO - Performance Comparison
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ZDM.TO vs. ZNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZDM.TO BMO MSCI EAFE Hedged to CAD Index ETF | 2.47% | 20.34% | 12.72% | 18.62% | -5.78% | 18.93% | 0.25% | 15.16% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | -4.69% | 14.60% | 35.84% | 51.32% | -28.06% | 26.59% | 44.65% | 22.90% |
Returns By Period
In the year-to-date period, ZDM.TO achieves a 2.47% return, which is significantly higher than ZNQ.TO's -4.69% return.
ZDM.TO
- 1D
- 2.49%
- 1M
- -5.42%
- YTD
- 2.47%
- 6M
- 7.97%
- 1Y
- 18.63%
- 3Y*
- 14.85%
- 5Y*
- 11.11%
- 10Y*
- 10.59%
ZNQ.TO
- 1D
- 3.23%
- 1M
- -2.99%
- YTD
- -4.69%
- 6M
- -4.08%
- 1Y
- 19.05%
- 3Y*
- 23.10%
- 5Y*
- 14.86%
- 10Y*
- —
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ZDM.TO vs. ZNQ.TO - Expense Ratio Comparison
ZDM.TO has a 0.22% expense ratio, which is lower than ZNQ.TO's 0.39% expense ratio.
Return for Risk
ZDM.TO vs. ZNQ.TO — Risk / Return Rank
ZDM.TO
ZNQ.TO
ZDM.TO vs. ZNQ.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 BMO NASDAQ 100 Equity Index ETF (ZNQ.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.
| ZDM.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.85 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.30 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.49 | -0.11 |
Martin ratioReturn relative to average drawdown | 5.96 | 4.40 | +1.56 |
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
| ZDM.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.85 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.72 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.89 | -0.39 |
Correlation
The correlation between ZDM.TO and ZNQ.TO is 0.53, 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
ZDM.TO vs. ZNQ.TO - Dividend Comparison
ZDM.TO's dividend yield for the trailing twelve months is around 2.04%, more than ZNQ.TO's 0.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZDM.TO BMO MSCI EAFE Hedged to CAD Index ETF | 2.04% | 2.13% | 2.71% | 2.97% | 3.20% | 2.38% | 2.80% | 2.90% | 3.21% | 2.41% | 3.23% | 2.46% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | 0.26% | 0.25% | 0.30% | 0.35% | 0.23% | 0.12% | 0.47% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZDM.TO vs. ZNQ.TO - Drawdown Comparison
The maximum ZDM.TO drawdown since its inception was -33.13%, roughly equal to the maximum ZNQ.TO drawdown of -32.09%. Use the drawdown chart below to compare losses from any high point for ZDM.TO and ZNQ.TO.
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Drawdown Indicators
| ZDM.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -32.09% | -1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.25% | -13.03% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -15.63% | -32.09% | +16.46% |
Max Drawdown (10Y)Largest decline over 10 years | -33.13% | — | — |
Current DrawdownCurrent decline from peak | -5.97% | -9.67% | +3.70% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -6.76% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 4.42% | -1.67% |
Volatility
ZDM.TO vs. ZNQ.TO - Volatility Comparison
BMO MSCI EAFE Hedged to CAD Index ETF (ZDM.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) have volatilities of 6.56% and 6.36%, 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.
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Volatility by Period
| ZDM.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 6.36% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.79% | 12.64% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 22.57% | -5.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.63% | 20.84% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.80% | 22.46% | -6.66% |