ZVC.TO vs. ZDY.TO
Compare and contrast key facts about BMO MSCI Canada Value Index ETF (ZVC.TO) and BMO US Dividend ETF (CAD) (ZDY.TO).
ZVC.TO and ZDY.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. ZDY.TO is an actively managed fund by BMO. It was launched on Mar 19, 2013.
Performance
ZVC.TO vs. ZDY.TO - Performance Comparison
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ZVC.TO vs. ZDY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
ZDY.TO BMO US Dividend ETF (CAD) | 5.49% | 4.45% | 26.22% | 4.58% | 1.64% | 22.92% | -5.18% | 16.96% | 2.70% |
Returns By Period
In the year-to-date period, ZVC.TO achieves a 6.62% return, which is significantly higher than ZDY.TO's 5.49% 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*
- —
ZDY.TO
- 1D
- 1.82%
- 1M
- -1.54%
- YTD
- 5.49%
- 6M
- 1.28%
- 1Y
- 8.26%
- 3Y*
- 13.56%
- 5Y*
- 11.27%
- 10Y*
- 10.01%
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ZVC.TO vs. ZDY.TO - Expense Ratio Comparison
ZVC.TO has a 0.40% expense ratio, which is higher than ZDY.TO's 0.30% expense ratio.
Return for Risk
ZVC.TO vs. ZDY.TO — Risk / Return Rank
ZVC.TO
ZDY.TO
ZVC.TO vs. ZDY.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 US Dividend ETF (CAD) (ZDY.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.TO | ZDY.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.76 | 0.52 | +2.23 |
Sortino ratioReturn per unit of downside risk | 3.52 | 0.77 | +2.75 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.12 | +0.46 |
Calmar ratioReturn relative to maximum drawdown | 3.60 | 0.85 | +2.75 |
Martin ratioReturn relative to average drawdown | 19.04 | 2.71 | +16.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZVC.TO | ZDY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 0.52 | +2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 0.94 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.90 | -0.26 |
Correlation
The correlation between ZVC.TO and ZDY.TO is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ZVC.TO vs. ZDY.TO - Dividend Comparison
ZVC.TO's dividend yield for the trailing twelve months is around 2.13%, more than ZDY.TO's 1.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZDY.TO BMO US Dividend ETF (CAD) | 1.61% | 1.72% | 1.97% | 2.43% | 2.48% | 2.33% | 3.65% | 3.02% | 2.80% | 2.63% | 2.46% | 2.54% |
Drawdowns
ZVC.TO vs. ZDY.TO - Drawdown Comparison
The maximum ZVC.TO drawdown since its inception was -41.00%, which is greater than ZDY.TO's maximum drawdown of -33.01%. Use the drawdown chart below to compare losses from any high point for ZVC.TO and ZDY.TO.
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Drawdown Indicators
| ZVC.TO | ZDY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.00% | -33.01% | -7.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -11.38% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -15.32% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.01% | — |
Current DrawdownCurrent decline from peak | -1.82% | -1.98% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -3.33% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 3.71% | -1.63% |
Volatility
ZVC.TO vs. ZDY.TO - Volatility Comparison
BMO MSCI Canada Value Index ETF (ZVC.TO) has a higher volatility of 4.38% compared to BMO US Dividend ETF (CAD) (ZDY.TO) at 3.97%. This indicates that ZVC.TO's price experiences larger fluctuations and is considered to be riskier than ZDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZVC.TO | ZDY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 3.97% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 8.43% | 9.35% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 15.92% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.54% | 12.05% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 15.13% | +2.29% |