ZDV.TO vs. ENB.TO
Compare and contrast key facts about BMO Canadian Dividend ETF (ZDV.TO) and Enbridge Inc. (ENB.TO).
ZDV.TO is an actively managed fund by BMO. It was launched on Oct 21, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZDV.TO or ENB.TO.
Correlation
The correlation between ZDV.TO and ENB.TO is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ZDV.TO vs. ENB.TO - Performance Comparison
Key characteristics
ZDV.TO:
2.38
ENB.TO:
2.98
ZDV.TO:
3.34
ENB.TO:
4.05
ZDV.TO:
1.44
ENB.TO:
1.53
ZDV.TO:
3.78
ENB.TO:
2.81
ZDV.TO:
10.50
ENB.TO:
16.78
ZDV.TO:
1.86%
ENB.TO:
2.28%
ZDV.TO:
8.20%
ENB.TO:
12.84%
ZDV.TO:
-43.20%
ENB.TO:
-48.19%
ZDV.TO:
-0.93%
ENB.TO:
-6.01%
Returns By Period
In the year-to-date period, ZDV.TO achieves a 3.03% return, which is significantly higher than ENB.TO's 0.15% return. Over the past 10 years, ZDV.TO has outperformed ENB.TO with an annualized return of 7.26%, while ENB.TO has yielded a comparatively lower 5.98% annualized return.
ZDV.TO
3.03%
0.64%
9.30%
19.38%
8.82%
7.26%
ENB.TO
0.15%
-6.01%
16.72%
36.74%
9.00%
5.98%
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Risk-Adjusted Performance
ZDV.TO vs. ENB.TO — Risk-Adjusted Performance Rank
ZDV.TO
ENB.TO
ZDV.TO vs. ENB.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Canadian Dividend ETF (ZDV.TO) and Enbridge Inc. (ENB.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.
Dividends
ZDV.TO vs. ENB.TO - Dividend Comparison
ZDV.TO's dividend yield for the trailing twelve months is around 3.72%, less than ENB.TO's 6.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZDV.TO BMO Canadian Dividend ETF | 3.72% | 3.82% | 4.39% | 4.38% | 3.88% | 4.79% | 4.39% | 5.41% | 4.24% | 4.11% | 4.95% | 4.28% |
ENB.TO Enbridge Inc. | 6.12% | 6.00% | 7.45% | 6.50% | 6.76% | 7.96% | 5.72% | 6.33% | 4.91% | 3.75% | 4.04% | 2.34% |
Drawdowns
ZDV.TO vs. ENB.TO - Drawdown Comparison
The maximum ZDV.TO drawdown since its inception was -43.20%, smaller than the maximum ENB.TO drawdown of -48.19%. Use the drawdown chart below to compare losses from any high point for ZDV.TO and ENB.TO. For additional features, visit the drawdowns tool.
Volatility
ZDV.TO vs. ENB.TO - Volatility Comparison
The current volatility for BMO Canadian Dividend ETF (ZDV.TO) is 2.26%, while Enbridge Inc. (ENB.TO) has a volatility of 5.86%. This indicates that ZDV.TO experiences smaller price fluctuations and is considered to be less risky than ENB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.