ZEQ.TO vs. ZDI.TO
Compare and contrast key facts about BMO MSCI Europe High Quality Hedged to CAD Index ETF (ZEQ.TO) and BMO International Dividend ETF (ZDI.TO).
ZEQ.TO and ZDI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZEQ.TO is a passively managed fund by BMO that tracks the performance of the MSCI Europe Quality 100% Hedged to CAD Index. It was launched on Feb 10, 2014. ZDI.TO is an actively managed fund by BMO. It was launched on Nov 5, 2014.
Performance
ZEQ.TO vs. ZDI.TO - Performance Comparison
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ZEQ.TO vs. ZDI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZEQ.TO BMO MSCI Europe High Quality Hedged to CAD Index ETF | -2.07% | 7.89% | 2.54% | 15.35% | -12.26% | 25.16% | 6.22% | 33.21% | -7.10% | 15.45% |
ZDI.TO BMO International Dividend ETF | 6.64% | 22.48% | 10.57% | 17.05% | 0.31% | 12.87% | -6.21% | 12.96% | -6.84% | 15.07% |
Returns By Period
In the year-to-date period, ZEQ.TO achieves a -2.07% return, which is significantly lower than ZDI.TO's 6.64% return. Over the past 10 years, ZEQ.TO has underperformed ZDI.TO with an annualized return of 8.42%, while ZDI.TO has yielded a comparatively higher 9.14% annualized return.
ZEQ.TO
- 1D
- 1.91%
- 1M
- -7.56%
- YTD
- -2.07%
- 6M
- 0.87%
- 1Y
- 1.48%
- 3Y*
- 4.02%
- 5Y*
- 5.26%
- 10Y*
- 8.42%
ZDI.TO
- 1D
- 2.56%
- 1M
- -4.38%
- YTD
- 6.64%
- 6M
- 9.28%
- 1Y
- 18.85%
- 3Y*
- 16.10%
- 5Y*
- 12.61%
- 10Y*
- 9.14%
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ZEQ.TO vs. ZDI.TO - Expense Ratio Comparison
ZEQ.TO has a 0.45% expense ratio, which is higher than ZDI.TO's 0.44% expense ratio.
Return for Risk
ZEQ.TO vs. ZDI.TO — Risk / Return Rank
ZEQ.TO
ZDI.TO
ZEQ.TO vs. ZDI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI Europe High Quality Hedged to CAD Index ETF (ZEQ.TO) and BMO International Dividend ETF (ZDI.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.
| ZEQ.TO | ZDI.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | 1.22 | -1.13 |
Sortino ratioReturn per unit of downside risk | 0.25 | 1.70 | -1.45 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.25 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 1.64 | -1.58 |
Martin ratioReturn relative to average drawdown | 0.19 | 6.45 | -6.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZEQ.TO | ZDI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 1.22 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.98 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.58 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.52 | +0.01 |
Correlation
The correlation between ZEQ.TO and ZDI.TO is 0.67, 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
ZEQ.TO vs. ZDI.TO - Dividend Comparison
ZEQ.TO's dividend yield for the trailing twelve months is around 3.14%, which matches ZDI.TO's 3.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZEQ.TO BMO MSCI Europe High Quality Hedged to CAD Index ETF | 3.14% | 3.10% | 2.04% | 2.50% | 2.62% | 1.78% | 1.94% | 2.04% | 3.21% | 2.07% | 2.01% | 2.06% |
ZDI.TO BMO International Dividend ETF | 3.15% | 3.34% | 3.94% | 4.15% | 3.99% | 3.72% | 4.96% | 4.92% | 5.23% | 4.23% | 4.62% | 4.26% |
Drawdowns
ZEQ.TO vs. ZDI.TO - Drawdown Comparison
The maximum ZEQ.TO drawdown since its inception was -29.13%, smaller than the maximum ZDI.TO drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for ZEQ.TO and ZDI.TO.
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Drawdown Indicators
| ZEQ.TO | ZDI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.13% | -33.89% | +4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -11.30% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.54% | -18.97% | -1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -29.13% | -33.89% | +4.76% |
Current DrawdownCurrent decline from peak | -7.93% | -4.76% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -4.31% | -4.89% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.87% | +0.69% |
Volatility
ZEQ.TO vs. ZDI.TO - Volatility Comparison
The current volatility for BMO MSCI Europe High Quality Hedged to CAD Index ETF (ZEQ.TO) is 5.72%, while BMO International Dividend ETF (ZDI.TO) has a volatility of 6.83%. This indicates that ZEQ.TO experiences smaller price fluctuations and is considered to be less risky than ZDI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZEQ.TO | ZDI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 6.83% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 9.99% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 15.48% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.02% | 12.92% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 15.74% | -0.30% |