Correlation
The correlation between ZDY.TO and ZDV.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.
ZDY.TO vs. ZDV.TO
Compare and contrast key facts about BMO US Dividend ETF (CAD) (ZDY.TO) and BMO Canadian Dividend ETF (ZDV.TO).
ZDY.TO and ZDV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZDY.TO is an actively managed fund by BMO. It was launched on Mar 19, 2013. 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: ZDY.TO or ZDV.TO.
Performance
ZDY.TO vs. ZDV.TO - Performance Comparison
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Key characteristics
ZDY.TO:
0.80
ZDV.TO:
1.88
ZDY.TO:
1.15
ZDV.TO:
2.63
ZDY.TO:
1.18
ZDV.TO:
1.40
ZDY.TO:
0.80
ZDV.TO:
2.32
ZDY.TO:
2.61
ZDV.TO:
10.22
ZDY.TO:
4.73%
ZDV.TO:
2.05%
ZDY.TO:
15.45%
ZDV.TO:
10.63%
ZDY.TO:
-32.99%
ZDV.TO:
-43.20%
ZDY.TO:
-8.92%
ZDV.TO:
-0.04%
Returns By Period
In the year-to-date period, ZDY.TO achieves a -3.40% return, which is significantly lower than ZDV.TO's 7.97% return. Over the past 10 years, ZDY.TO has outperformed ZDV.TO with an annualized return of 9.98%, while ZDV.TO has yielded a comparatively lower 7.81% annualized return.
ZDY.TO
-3.40%
2.73%
-5.38%
12.33%
10.58%
12.06%
9.98%
ZDV.TO
7.97%
3.99%
4.06%
19.84%
8.38%
15.63%
7.81%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZDY.TO vs. ZDV.TO - Expense Ratio Comparison
ZDY.TO has a 0.30% expense ratio, which is lower than ZDV.TO's 0.39% expense ratio.
Risk-Adjusted Performance
ZDY.TO vs. ZDV.TO — Risk-Adjusted Performance Rank
ZDY.TO
ZDV.TO
ZDY.TO vs. ZDV.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO US Dividend ETF (CAD) (ZDY.TO) and BMO Canadian Dividend ETF (ZDV.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.
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Dividends
ZDY.TO vs. ZDV.TO - Dividend Comparison
ZDY.TO's dividend yield for the trailing twelve months is around 2.10%, less than ZDV.TO's 3.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZDY.TO BMO US Dividend ETF (CAD) | 2.10% | 2.08% | 2.56% | 2.62% | 2.46% | 3.85% | 3.19% | 2.95% | 2.77% | 2.60% | 2.68% | 2.68% |
ZDV.TO BMO Canadian Dividend ETF | 3.59% | 3.82% | 4.39% | 4.38% | 3.88% | 4.79% | 4.39% | 5.41% | 4.24% | 4.11% | 4.95% | 4.28% |
Drawdowns
ZDY.TO vs. ZDV.TO - Drawdown Comparison
The maximum ZDY.TO drawdown since its inception was -32.99%, smaller than the maximum ZDV.TO drawdown of -43.20%. Use the drawdown chart below to compare losses from any high point for ZDY.TO and ZDV.TO.
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Volatility
ZDY.TO vs. ZDV.TO - Volatility Comparison
BMO US Dividend ETF (CAD) (ZDY.TO) has a higher volatility of 4.98% compared to BMO Canadian Dividend ETF (ZDV.TO) at 1.58%. This indicates that ZDY.TO's price experiences larger fluctuations and is considered to be riskier than ZDV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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