ZMID.TO vs. DXZ.TO
ZMID.TO (BMO S&P US Mid Cap Index ETF) and DXZ.TO (Dynamic Active U.S. Mid-Cap ETF) are both Mid Cap Blend Equities funds. Over the past 5 years, ZMID.TO returned 10.66%/yr vs 4.82%/yr for DXZ.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
ZMID.TO vs. DXZ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZMID.TO achieves a 17.28% return, which is significantly higher than DXZ.TO's 11.05% return.
ZMID.TO
- 1D
- -0.35%
- 1M
- -0.01%
- 6M
- 9.02%
- YTD
- 17.28%
- 1Y
- 20.75%
- 3Y*
- 14.71%
- 5Y*
- 10.66%
- 10Y*
- —
DXZ.TO
- 1D
- 1.43%
- 1M
- 3.66%
- 6M
- 5.20%
- YTD
- 11.05%
- 1Y
- 10.20%
- 3Y*
- 9.27%
- 5Y*
- 4.82%
- 10Y*
- —
ZMID.TO vs. DXZ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZMID.TO BMO S&P US Mid Cap Index ETF | 17.28% | 0.83% | 23.12% | 14.42% | -8.41% | 21.96% | 11.85% |
DXZ.TO Dynamic Active U.S. Mid-Cap ETF | 11.05% | -6.29% | 19.70% | 7.48% | -8.39% | 23.29% | 7.13% |
Correlation
The correlation between ZMID.TO and DXZ.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2020 | 0.40 |
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Return for Risk
ZMID.TO vs. DXZ.TO — Risk / Return Rank
ZMID.TO
DXZ.TO
ZMID.TO vs. DXZ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO S&P US Mid Cap Index ETF (ZMID.TO) and Dynamic Active U.S. Mid-Cap ETF (DXZ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZMID.TO | DXZ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.14 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.16 | +1.22 |
| Martin ratioReturn relative to average drawdown | 9.15 | 3.07 | +6.08 |
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Drawdowns
ZMID.TO vs. DXZ.TO - Drawdown Comparison
The maximum ZMID.TO drawdown since its inception was -24.51%, smaller than the maximum DXZ.TO drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for ZMID.TO and DXZ.TO.
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Drawdown Indicators
| ZMID.TO | DXZ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.51% | -27.44% | +2.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -8.80% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -23.53% | -17.53% | -6.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.53% | -23.95% | +0.42% |
Current DrawdownCurrent decline from peak | -3.31% | -2.22% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -6.70% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.33% | -1.06% |
Volatility
ZMID.TO vs. DXZ.TO - Volatility Comparison
BMO S&P US Mid Cap Index ETF (ZMID.TO) has a higher volatility of 4.56% compared to Dynamic Active U.S. Mid-Cap ETF (DXZ.TO) at 3.65%. This indicates that ZMID.TO's price experiences larger fluctuations and is considered to be riskier than DXZ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZMID.TO | DXZ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 3.65% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 12.43% | 10.42% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 14.52% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.11% | 15.57% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 22.21% | -2.82% |
Dividends
ZMID.TO vs. DXZ.TO - Dividend Comparison
ZMID.TO's dividend yield for the trailing twelve months is around 0.91%, more than DXZ.TO's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DXZ.TO Dynamic Active U.S. Mid-Cap ETF | 0.29% | 0.32% | 0.43% | 0.63% | 0.07% | 0.36% | 0.85% | 0.45% | 0.35% |
ZMID.TO BMO S&P US Mid Cap Index ETF | 0.91% | 1.08% | 1.14% | 1.67% | 1.39% | 1.03% | 1.24% | 0.00% | 0.00% |
Frequently Asked Questions
ZMID.TO and DXZ.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and Dynamic.
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