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ZVC.TO vs. IDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZVC.TO vs. IDV

Last updated Jun 4, 2026

ZVC.TO (BMO MSCI Canada Value Index ETF) and IDV (iShares International Select Dividend ETF) are both exchange-traded funds - ZVC.TO is a Large Cap Value Equities fund tracking the MSCI Canada Enhanced Value Capped Index, while IDV is a Global Equities fund tracking the Dow Jones EPAC Select Dividend. Both are passively managed. Over the past 5 years, ZVC.TO returned 16.44%/yr vs 15.31%/yr for IDV. At a 0.37 correlation, their price movements are largely independent. ZVC.TO charges 0.40%/yr vs 0.49%/yr for IDV.

Performance

ZVC.TO vs. IDV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI Canada Value Index ETF (ZVC.TO) and iShares International Select Dividend ETF (IDV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ZVC.TO is traded in CAD, while IDV is traded in USD. To make them comparable, the IDV values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZVC.TO achieves a 16.23% return, which is significantly higher than IDV's 14.54% return.

ZVC.TO

1D
-0.32%
1M
4.99%
YTD
16.23%
6M
18.05%
1Y
43.80%
3Y*
23.40%
5Y*
16.44%
10Y*
—

IDV

1D
0.00%
1M
3.63%
YTD
14.54%
6M
15.56%
1Y
39.70%
3Y*
26.84%
5Y*
15.31%
10Y*
11.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZVC.TO vs. IDV - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ZVC.TO
BMO MSCI Canada Value Index ETF		16.23%30.30%15.38%11.07%2.23%31.46%-3.94%10.02%-5.80%
IDV
iShares International Select Dividend ETF		13.75%45.18%12.93%7.89%0.27%10.99%-7.53%17.48%-3.90%

Correlation

The correlation between ZVC.TO and IDV is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.54

Correlation (5Y)
Calculated over the trailing 5-year period

0.49

Correlation (All Time)
Calculated using the full available price history since Jan 10, 2018

0.37

The correlation between ZVC.TO and IDV shifts across timeframes, from 0.37 (all time) to 0.54 (3 years), reflecting how their relationship changes across market environments.

ZVC.TO vs. IDV - Sectors Allocation Comparison

Sectors
ZVC.TO
IDV

Financial Services

37.6%
30.1%

Energy

19.2%
15.6%

Basic Materials

15.5%
5.8%

Industrials

9.9%
6.7%

Technology

8.2%
0.9%

Consumer Cyclical

4.2%
9.6%

Consumer Defensive

2.5%
7.2%

Utilities

2.0%
11.8%

Communication Services

0.7%
10.0%

Real Estate

0.2%
2.4%

Healthcare

-

-

Financial Services

ZVC.TO
37.6%
IDV
30.1%

Energy

ZVC.TO
19.2%
IDV
15.6%

Basic Materials

ZVC.TO
15.5%
IDV
5.8%

Industrials

ZVC.TO
9.9%
IDV
6.7%

Technology

ZVC.TO
8.2%
IDV
0.9%

Consumer Cyclical

ZVC.TO
4.2%
IDV
9.6%

Consumer Defensive

ZVC.TO
2.5%
IDV
7.2%

Utilities

ZVC.TO
2.0%
IDV
11.8%

Communication Services

ZVC.TO
0.7%
IDV
10.0%

Real Estate

ZVC.TO
0.2%
IDV
2.4%

Healthcare

ZVC.TO

-

IDV

-

Compare stocks, funds, or ETFs

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BMO MSCI Canada Value Index ETF

iShares International Select Dividend ETF

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ZVC.TO vs. ZCN.TOZVC.TO vs. VCN.TOZVC.TO vs. ZLB.TOZVC.TO vs. XIC.TOZVC.TO vs. XCV.TOZVC.TO vs. VDY.TOZVC.TO vs. XCS.TO
Often compared with IDV:
IDV vs. SCHDIDV vs. LVHIIDV vs. VYMIIDV vs. IGROIDV vs. DIVOIDV vs. PIDIDV vs. DVY

Return for Risk

ZVC.TO vs. IDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZVC.TO
ZVC.TO Risk / Return Rank: 9696
Overall Rank
ZVC.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
ZVC.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
ZVC.TO Omega Ratio Rank: 9696
Omega Ratio Rank
ZVC.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
ZVC.TO Martin Ratio Rank: 9696
Martin Ratio Rank
IDV
IDV Risk / Return Rank: 8383
Overall Rank
IDV Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
IDV Sortino Ratio Rank: 8282
Sortino Ratio Rank
IDV Omega Ratio Rank: 8484
Omega Ratio Rank
IDV Calmar Ratio Rank: 8181
Calmar Ratio Rank
IDV Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZVC.TO vs. IDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI Canada Value Index ETF (ZVC.TO) and iShares International Select Dividend ETF (IDV). 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.

ZVC.TOIDVDifference
Sharpe ratioReturn per unit of total volatility
4.27
3.38

+0.89

Sortino ratioReturn per unit of downside risk
5.80
4.35

+1.44

Omega ratioGain probability vs. loss probability

1.82

1.63

+0.19

Calmar ratioReturn relative to maximum drawdown

7.20

4.86

+2.35

Martin ratioReturn relative to average drawdown

35.91

19.50

+16.41

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZVC.TO vs. IDV - Sharpe Ratio Comparison

The current ZVC.TO Sharpe Ratio is 4.27, which is comparable to the IDV Sharpe Ratio of 3.38. The chart below compares the historical Sharpe Ratios of ZVC.TO and IDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ZVC.TOIDVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.27

3.38

+0.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.23

1.24

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.74

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.70

0.00

Drawdowns

ZVC.TO vs. IDV - Drawdown Comparison

The maximum ZVC.TO drawdown since its inception was -41.00%, which is greater than IDV's maximum drawdown of -37.10%. Use the drawdown chart below to compare losses from any high point for ZVC.TO and IDV.

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Drawdown Indicators

ZVC.TOIDVDifference

Max Drawdown

Largest peak-to-trough decline

-41.00%

-37.10%

-3.90%

Max Drawdown (1Y)

Largest decline over 1 year

-6.11%

-8.21%

+2.10%

Max Drawdown (3Y)

Largest decline over 3 years

-13.34%

-12.21%

-1.13%

Max Drawdown (5Y)

Largest decline over 5 years

-16.17%

-22.87%

+6.70%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.10%

—

Current Drawdown

Current decline from peak

-0.32%

-1.28%

+0.96%

Average Drawdown

Average peak-to-trough decline

-4.92%

-5.27%

+0.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.22%

2.04%

-0.82%

Volatility

ZVC.TO vs. IDV - Volatility Comparison

The current volatility for BMO MSCI Canada Value Index ETF (ZVC.TO) is 3.20%, while iShares International Select Dividend ETF (IDV) has a volatility of 3.99%. This indicates that ZVC.TO experiences smaller price fluctuations and is considered to be less risky than IDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZVC.TOIDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.20%

3.99%

-0.79%

Volatility (6M)

Calculated over the trailing 6-month period

8.14%

9.90%

-1.76%

Volatility (1Y)

Calculated over the trailing 1-year period

10.32%

11.83%

-1.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.46%

12.42%

+1.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.30%

15.06%

+2.24%

ZVC.TO vs. IDV - Expense Ratio Comparison

ZVC.TO has a 0.40% expense ratio, which is lower than IDV's 0.49% expense ratio.

Dividends

ZVC.TO vs. IDV - Dividend Comparison

ZVC.TO's dividend yield for the trailing twelve months is around 1.95%, less than IDV's 4.45% yield.

PositionTTM20252024202320222021202020192018201720162015
IDV
iShares International Select Dividend ETF		4.45%4.94%6.46%6.51%7.33%5.78%5.47%5.15%5.93%4.52%4.69%5.08%
ZVC.TO
BMO MSCI Canada Value Index ETF		1.95%2.23%2.87%3.32%2.96%2.41%3.30%2.66%2.67%0.00%0.00%0.00%

Frequently Asked Questions

ZVC.TO and IDV have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ZVC.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ZVC.TO is cheaper with a 0.40% expense ratio, compared with 0.49% for IDV.

ZVC.TO is categorized as Large Cap Value Equities, while IDV is Global Equities. ZVC.TO tracks MSCI Canada Enhanced Value Capped Index, while IDV tracks Dow Jones EPAC Select Dividend. They also come from different issuers: BMO and iShares. Their fees differ too: 0.40% for ZVC.TO and 0.49% for IDV.

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