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

ZDM.TO vs. ZQQ.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO MSCI EAFE Hedged to CAD Index ETF (ZDM.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO).

ZDM.TO and ZQQ.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. ZQQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 19, 2010. Both ZDM.TO and ZQQ.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. ZQQ.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 BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020201920182017
ZDM.TO
BMO MSCI EAFE Hedged to CAD Index ETF		2.47%20.34%12.72%18.62%-5.78%18.93%0.25%23.21%-10.06%16.18%
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)		-6.55%18.38%24.00%52.52%-33.75%26.68%45.33%37.08%-2.29%31.51%

Returns By Period

In the year-to-date period, ZDM.TO achieves a 2.47% return, which is significantly higher than ZQQ.TO's -6.55% return. Over the past 10 years, ZDM.TO has underperformed ZQQ.TO with an annualized return of 10.59%, while ZQQ.TO has yielded a comparatively higher 17.14% annualized 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%

ZQQ.TO

1D
3.44%
1M
-5.14%
YTD
-6.55%
6M
-4.71%
1Y
20.77%
3Y*
20.23%
5Y*
11.19%
10Y*
17.14%
*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 MSCI EAFE Hedged to CAD Index ETF

BMO NASDAQ 100 Equity (CAD Hedged)

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ZDM.TO vs. ZQQ.TO - Expense Ratio Comparison

ZDM.TO has a 0.22% expense ratio, which is lower than ZQQ.TO's 0.39% expense ratio.

ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)
ZDM.TO
BMO MSCI EAFE Hedged to CAD Index ETF

Return for Risk

ZDM.TO vs. ZQQ.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: 6262
Overall Rank
ZDM.TO Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
ZDM.TO Sortino Ratio Rank: 6464
Sortino Ratio Rank
ZDM.TO Omega Ratio Rank: 6767
Omega Ratio Rank
ZDM.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
ZDM.TO Martin Ratio Rank: 6060
Martin Ratio Rank
ZQQ.TO
ZQQ.TO Risk / Return Rank: 6262
Overall Rank
ZQQ.TO Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
ZQQ.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
ZQQ.TO Omega Ratio Rank: 6161
Omega Ratio Rank
ZQQ.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
ZQQ.TO Martin Ratio Rank: 6262
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. ZQQ.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 (CAD Hedged) (ZQQ.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.TOZQQ.TODifference

Sharpe ratio

Return per unit of total volatility

1.12

0.94

+0.18

Sortino ratio

Return per unit of downside risk

1.64

1.49

+0.15

Omega ratio

Gain probability vs. loss probability

1.25

1.21

+0.03

Calmar ratio

Return relative to maximum drawdown

1.38

1.62

-0.24

Martin ratio

Return relative to average drawdown

5.96

5.71

+0.25

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

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

The current ZDM.TO Sharpe Ratio is 1.12, which is comparable to the ZQQ.TO Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of ZDM.TO and ZQQ.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.

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Sharpe Ratios by Period

ZDM.TOZQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.12

0.94

+0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.82

0.50

+0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.67

0.77

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.83

-0.33

Correlation

The correlation between ZDM.TO and ZQQ.TO is 0.65, 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. ZQQ.TO - Dividend Comparison

ZDM.TO's dividend yield for the trailing twelve months is around 2.04%, more than ZQQ.TO's 0.28% yield.

TTM20252024202320222021202020192018201720162015
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%
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)		0.28%0.27%0.37%0.32%0.45%0.14%0.41%0.51%0.64%0.57%1.60%0.81%

Drawdowns

ZDM.TO vs. ZQQ.TO - Drawdown Comparison

The maximum ZDM.TO drawdown since its inception was -33.13%, smaller than the maximum ZQQ.TO drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for ZDM.TO and ZQQ.TO.

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Drawdown Indicators

ZDM.TOZQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.13%

-36.39%

+3.26%

Max Drawdown (1Y)

Largest decline over 1 year

-11.25%

-12.86%

+1.61%

Max Drawdown (5Y)

Largest decline over 5 years

-15.63%

-36.39%

+20.76%

Max Drawdown (10Y)

Largest decline over 10 years

-33.13%

-36.39%

+3.26%

Current Drawdown

Current decline from peak

-5.97%

-9.86%

+3.89%

Average Drawdown

Average peak-to-trough decline

-5.16%

-5.41%

+0.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.75%

3.65%

-0.90%

Volatility

ZDM.TO vs. ZQQ.TO - Volatility Comparison

BMO MSCI EAFE Hedged to CAD Index ETF (ZDM.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) have volatilities of 6.56% and 6.59%, 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.TOZQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.56%

6.59%

-0.03%

Volatility (6M)

Calculated over the trailing 6-month period

9.79%

12.63%

-2.84%

Volatility (1Y)

Calculated over the trailing 1-year period

16.82%

22.20%

-5.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.63%

22.59%

-8.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.80%

22.36%

-6.56%