ZUD.TO vs. XDUH.TO
ZUD.TO (BMO US Dividend Hedged to CAD ETF) and XDUH.TO (iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)) are both exchange-traded funds - ZUD.TO is a Dividend fund managed by BMO, while XDUH.TO is a Large Cap Value Equities fund tracking the Morningstar US Market TR CAD. Over the past 5 years, ZUD.TO returned 10.22%/yr vs 6.96%/yr for XDUH.TO. A 0.59 correlation means they provide meaningful diversification when combined. ZUD.TO charges 0.30%/yr vs 0.16%/yr for XDUH.TO.
Performance
ZUD.TO vs. XDUH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZUD.TO achieves a 14.29% return, which is significantly higher than XDUH.TO's 9.55% return.
ZUD.TO
- 1D
- 0.18%
- 1M
- -0.75%
- YTD
- 14.29%
- 6M
- 13.68%
- 1Y
- 21.33%
- 3Y*
- 15.49%
- 5Y*
- 10.22%
- 10Y*
- 9.32%
XDUH.TO
- 1D
- -0.38%
- 1M
- 0.60%
- YTD
- 9.55%
- 6M
- 9.55%
- 1Y
- 13.84%
- 3Y*
- 10.80%
- 5Y*
- 6.96%
- 10Y*
- —
ZUD.TO vs. XDUH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZUD.TO BMO US Dividend Hedged to CAD ETF | 14.29% | 11.69% | 15.31% | 6.36% | -7.23% | 25.80% | -5.27% | 21.08% | -5.69% | 8.88% |
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) | 9.55% | 8.08% | 9.51% | 5.63% | -6.27% | 22.61% | -2.02% | 21.45% | -5.70% | 8.34% |
Correlation
The correlation between ZUD.TO and XDUH.TO is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2017 | 0.59 |
The correlation between ZUD.TO and XDUH.TO has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
ZUD.TO vs. XDUH.TO — Risk / Return Rank
ZUD.TO
XDUH.TO
ZUD.TO vs. XDUH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO US Dividend Hedged to CAD ETF (ZUD.TO) and iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.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.
| ZUD.TO | XDUH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 2.29 | +1.49 |
| Martin ratioReturn relative to average drawdown | 12.14 | 6.06 | +6.08 |
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Drawdowns
ZUD.TO vs. XDUH.TO - Drawdown Comparison
The maximum ZUD.TO drawdown since its inception was -40.60%, which is greater than XDUH.TO's maximum drawdown of -34.91%. Use the drawdown chart below to compare losses from any high point for ZUD.TO and XDUH.TO.
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Drawdown Indicators
| ZUD.TO | XDUH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -34.91% | -5.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -6.08% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | -14.35% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -17.33% | -0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -40.60% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -1.14% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -4.42% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 2.29% | -0.53% |
Volatility
ZUD.TO vs. XDUH.TO - Volatility Comparison
BMO US Dividend Hedged to CAD ETF (ZUD.TO) has a higher volatility of 3.42% compared to iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) at 2.73%. This indicates that ZUD.TO's price experiences larger fluctuations and is considered to be riskier than XDUH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZUD.TO | XDUH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 2.73% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 6.97% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.46% | 11.63% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 13.56% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 16.44% | +0.55% |
ZUD.TO vs. XDUH.TO - Expense Ratio Comparison
ZUD.TO has a 0.30% expense ratio, which is higher than XDUH.TO's 0.16% expense ratio.
Dividends
ZUD.TO vs. XDUH.TO - Dividend Comparison
ZUD.TO's dividend yield for the trailing twelve months is around 1.47%, less than XDUH.TO's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) | 2.28% | 2.46% | 2.67% | 2.55% | 2.40% | 2.62% | 2.67% | 2.36% | 2.75% | 0.76% | 0.00% | 0.00% |
ZUD.TO BMO US Dividend Hedged to CAD ETF | 1.47% | 1.68% | 2.17% | 2.54% | 2.77% | 2.50% | 3.76% | 3.13% | 3.11% | 2.69% | 2.61% | 2.97% |
Frequently Asked Questions
ZUD.TO and XDUH.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDUH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDUH.TO is cheaper with a 0.16% expense ratio, compared with 0.30% for ZUD.TO.
ZUD.TO is categorized as Dividend, while XDUH.TO is Large Cap Value Equities. They also come from different issuers: BMO and iShares. Their fees differ too: 0.30% for ZUD.TO and 0.16% for XDUH.TO.
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