ZWC.TO vs. VDY.TO
Compare and contrast key facts about BMO CA High Dividend Covered Call ETF (ZWC.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).
ZWC.TO and VDY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZWC.TO is an actively managed fund by BMO. It was launched on Feb 3, 2017. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZWC.TO or VDY.TO.
Correlation
The correlation between ZWC.TO and VDY.TO is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ZWC.TO vs. VDY.TO - Performance Comparison
Key characteristics
ZWC.TO:
1.76
VDY.TO:
2.54
ZWC.TO:
2.50
VDY.TO:
3.51
ZWC.TO:
1.31
VDY.TO:
1.47
ZWC.TO:
2.80
VDY.TO:
4.29
ZWC.TO:
7.66
VDY.TO:
12.16
ZWC.TO:
1.77%
VDY.TO:
1.78%
ZWC.TO:
7.69%
VDY.TO:
8.52%
ZWC.TO:
-40.57%
VDY.TO:
-39.21%
ZWC.TO:
-1.63%
VDY.TO:
-2.16%
Returns By Period
In the year-to-date period, ZWC.TO achieves a 1.99% return, which is significantly higher than VDY.TO's 1.03% return.
ZWC.TO
1.99%
0.02%
5.98%
13.36%
6.20%
N/A
VDY.TO
1.03%
-1.33%
9.85%
21.39%
11.08%
9.27%
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ZWC.TO vs. VDY.TO - Expense Ratio Comparison
ZWC.TO has a 0.91% expense ratio, which is higher than VDY.TO's 0.22% expense ratio.
Risk-Adjusted Performance
ZWC.TO vs. VDY.TO — Risk-Adjusted Performance Rank
ZWC.TO
VDY.TO
ZWC.TO vs. VDY.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO CA High Dividend Covered Call ETF (ZWC.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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.
Dividends
ZWC.TO vs. VDY.TO - Dividend Comparison
ZWC.TO's dividend yield for the trailing twelve months is around 6.64%, more than VDY.TO's 4.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZWC.TO BMO CA High Dividend Covered Call ETF | 6.64% | 6.73% | 7.62% | 7.01% | 6.60% | 8.15% | 6.92% | 7.11% | 5.46% | 0.00% | 0.00% | 0.00% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.36% | 4.39% | 4.63% | 4.41% | 3.57% | 4.58% | 4.24% | 4.42% | 3.80% | 3.23% | 4.11% | 3.24% |
Drawdowns
ZWC.TO vs. VDY.TO - Drawdown Comparison
The maximum ZWC.TO drawdown since its inception was -40.57%, roughly equal to the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for ZWC.TO and VDY.TO. For additional features, visit the drawdowns tool.
Volatility
ZWC.TO vs. VDY.TO - Volatility Comparison
BMO CA High Dividend Covered Call ETF (ZWC.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) have volatilities of 2.30% and 2.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.