ZUD.TO vs. ZZZD.TO
ZUD.TO (BMO US Dividend Hedged to CAD ETF) and ZZZD.TO (BMO Tactical Dividend ETF Fund) are both Dividend funds from BMO. Over the past 5 years, ZUD.TO returned 10.22%/yr vs 7.17%/yr for ZZZD.TO. At a 0.27 correlation, their price movements are largely independent.
Performance
ZUD.TO vs. ZZZD.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 ZZZD.TO's 10.86% 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%
ZZZD.TO
- 1D
- -0.90%
- 1M
- 0.59%
- YTD
- 10.86%
- 6M
- 10.11%
- 1Y
- 15.77%
- 3Y*
- 10.20%
- 5Y*
- 7.17%
- 10Y*
- —
ZUD.TO vs. ZZZD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZUD.TO BMO US Dividend Hedged to CAD ETF | 14.29% | 11.69% | 15.31% | 6.36% | -7.23% | 25.80% | -5.27% | 17.42% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 10.86% | 10.01% | 3.96% | 10.10% | -0.86% | 5.24% | -9.74% | 9.67% |
Correlation
The correlation between ZUD.TO and ZZZD.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.27 |
The correlation between ZUD.TO and ZZZD.TO shifts across timeframes, from 0.16 (3 years) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZUD.TO vs. ZZZD.TO — Risk / Return Rank
ZUD.TO
ZZZD.TO
ZUD.TO vs. ZZZD.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 BMO Tactical Dividend ETF Fund (ZZZD.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 | ZZZD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 5.83 | -2.05 |
| Martin ratioReturn relative to average drawdown | 12.14 | 19.32 | -7.18 |
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Drawdowns
ZUD.TO vs. ZZZD.TO - Drawdown Comparison
The maximum ZUD.TO drawdown since its inception was -40.60%, which is greater than ZZZD.TO's maximum drawdown of -22.28%. Use the drawdown chart below to compare losses from any high point for ZUD.TO and ZZZD.TO.
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Drawdown Indicators
| ZUD.TO | ZZZD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -22.28% | -18.32% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -2.72% | -2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | -9.21% | -5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -14.72% | -2.93% |
Max Drawdown (10Y)Largest decline over 10 years | -40.60% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -0.90% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -4.69% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 0.82% | +0.94% |
Volatility
ZUD.TO vs. ZZZD.TO - Volatility Comparison
BMO US Dividend Hedged to CAD ETF (ZUD.TO) has a higher volatility of 3.42% compared to BMO Tactical Dividend ETF Fund (ZZZD.TO) at 2.75%. This indicates that ZUD.TO's price experiences larger fluctuations and is considered to be riskier than ZZZD.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 | ZZZD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 2.75% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 6.55% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.46% | 8.44% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 11.17% | +4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 12.66% | +4.33% |
Dividends
ZUD.TO vs. ZZZD.TO - Dividend Comparison
ZUD.TO's dividend yield for the trailing twelve months is around 1.47%, less than ZZZD.TO's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 3.74% | 4.07% | 4.29% | 4.28% | 4.51% | 4.27% | 4.09% | 3.11% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZUD.TO and ZZZD.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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