PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ZVC.TO vs. ZDV.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZVC.TO vs. ZDV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO MSCI Canada Value Index ETF (ZVC.TO) and BMO Canadian Dividend ETF (ZDV.TO).

ZVC.TO and ZDV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZVC.TO is a passively managed fund by BMO that tracks the performance of the MSCI Canada Enhanced Value Capped Index. It was launched on Oct 4, 2017. ZDV.TO is an actively managed fund by BMO. It was launched on Oct 21, 2011.

Performance

ZVC.TO vs. ZDV.TO - 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 BMO Canadian Dividend ETF (ZDV.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

ZVC.TO vs. ZDV.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ZVC.TO
BMO MSCI Canada Value Index ETF		6.62%30.30%15.38%11.07%2.23%31.46%-3.94%10.02%-5.80%
ZDV.TO
BMO Canadian Dividend ETF		10.62%20.17%16.52%7.83%-1.93%28.40%-3.84%22.34%-10.65%

Returns By Period

In the year-to-date period, ZVC.TO achieves a 6.62% return, which is significantly lower than ZDV.TO's 10.62% return.

ZVC.TO

1D
1.29%
1M
-1.60%
YTD
6.62%
6M
15.16%
1Y
38.14%
3Y*
19.91%
5Y*
16.42%
10Y*
—

ZDV.TO

1D
1.59%
1M
-1.16%
YTD
10.62%
6M
9.99%
1Y
27.72%
3Y*
17.29%
5Y*
13.61%
10Y*
10.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO MSCI Canada Value Index ETF

BMO Canadian Dividend ETF

Often compared with ZVC.TO:
ZVC.TO vs. XIC.TOZVC.TO vs. VCN.TOZVC.TO vs. ZLB.TOZVC.TO vs. ZCN.TOZVC.TO vs. XCV.TOZVC.TO vs. XCS.TOZVC.TO vs. XUS.TO
Often compared with ZDV.TO:
ZDV.TO vs. VDY.TOZDV.TO vs. XEI.TOZDV.TO vs. XDIV.TOZDV.TO vs. ZWC.TOZDV.TO vs. XDV.TOZDV.TO vs. ZCN.TOZDV.TO vs. ZDY.TO

ZVC.TO vs. ZDV.TO - Expense Ratio Comparison

ZVC.TO has a 0.40% expense ratio, which is higher than ZDV.TO's 0.39% expense ratio.

ZVC.TO
BMO MSCI Canada Value Index ETF
ZDV.TO
BMO Canadian Dividend ETF

Return for Risk

ZVC.TO vs. ZDV.TO — 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: 9797
Sharpe Ratio Rank
ZVC.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
ZVC.TO Omega Ratio Rank: 9797
Omega Ratio Rank
ZVC.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
ZVC.TO Martin Ratio Rank: 9797
Martin Ratio Rank
ZDV.TO
ZDV.TO Risk / Return Rank: 9494
Overall Rank
ZDV.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
ZDV.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
ZDV.TO Omega Ratio Rank: 9696
Omega Ratio Rank
ZDV.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
ZDV.TO Martin Ratio Rank: 9393
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. ZDV.TO - Risk-Adjusted Trends Comparison

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

ZVC.TOZDV.TODifference

Sharpe ratio

Return per unit of total volatility

2.76

2.25

+0.50

Sortino ratio

Return per unit of downside risk

3.52

2.61

+0.91

Omega ratio

Gain probability vs. loss probability

1.58

1.52

+0.07

Calmar ratio

Return relative to maximum drawdown

3.60

3.19

+0.41

Martin ratio

Return relative to average drawdown

19.04

13.36

+5.69

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. ZDV.TO - Sharpe Ratio Comparison

The current ZVC.TO Sharpe Ratio is 2.76, which is comparable to the ZDV.TO Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of ZVC.TO and ZDV.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

ZVC.TOZDV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.76

2.25

+0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.22

1.26

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.72

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.65

-0.01

Correlation

The correlation between ZVC.TO and ZDV.TO is 0.52, 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

ZVC.TO vs. ZDV.TO - Dividend Comparison

ZVC.TO's dividend yield for the trailing twelve months is around 2.13%, less than ZDV.TO's 2.83% yield.

TTM20252024202320222021202020192018201720162015
ZVC.TO
BMO MSCI Canada Value Index ETF		2.13%2.23%2.87%3.32%2.96%2.41%3.30%2.66%2.67%0.00%0.00%0.00%
ZDV.TO
BMO Canadian Dividend ETF		2.83%3.07%3.57%4.10%4.10%3.63%4.48%4.11%5.06%3.96%3.84%4.63%

Drawdowns

ZVC.TO vs. ZDV.TO - Drawdown Comparison

The maximum ZVC.TO drawdown since its inception was -41.00%, smaller than the maximum ZDV.TO drawdown of -43.21%. Use the drawdown chart below to compare losses from any high point for ZVC.TO and ZDV.TO.

Loading graphics...

Drawdown Indicators

ZVC.TOZDV.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.00%

-43.21%

+2.21%

Max Drawdown (1Y)

Largest decline over 1 year

-11.03%

-9.04%

-1.99%

Max Drawdown (5Y)

Largest decline over 5 years

-16.17%

-16.72%

+0.55%

Max Drawdown (10Y)

Largest decline over 10 years

—

-43.21%

—

Current Drawdown

Current decline from peak

-1.82%

-1.71%

-0.11%

Average Drawdown

Average peak-to-trough decline

-5.02%

-5.18%

+0.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.08%

2.16%

-0.08%

Volatility

ZVC.TO vs. ZDV.TO - Volatility Comparison

BMO MSCI Canada Value Index ETF (ZVC.TO) has a higher volatility of 4.38% compared to BMO Canadian Dividend ETF (ZDV.TO) at 4.14%. This indicates that ZVC.TO's price experiences larger fluctuations and is considered to be riskier than ZDV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

ZVC.TOZDV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.38%

4.14%

+0.24%

Volatility (6M)

Calculated over the trailing 6-month period

8.43%

9.73%

-1.30%

Volatility (1Y)

Calculated over the trailing 1-year period

13.94%

12.39%

+1.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.54%

10.90%

+2.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.42%

15.11%

+2.31%