ZZZD.TO vs. CLSA.TO
ZZZD.TO (BMO Tactical Dividend ETF Fund) and CLSA.TO (Brompton Split Corp. Enhanced Equity Income ETF) are both Dividend funds. Both are actively managed. Over the past year, ZZZD.TO returned 15.46% vs 86.40% for CLSA.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
ZZZD.TO vs. CLSA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZZZD.TO achieves a 11.82% return, which is significantly lower than CLSA.TO's 41.36% return.
ZZZD.TO
- 1D
- 0.65%
- 1M
- 1.13%
- 6M
- 10.25%
- YTD
- 11.82%
- 1Y
- 15.46%
- 3Y*
- 10.23%
- 5Y*
- 7.12%
- 10Y*
- —
- ALL TIME*
- 5.10%
CLSA.TO
- 1D
- 0.81%
- 1M
- 5.82%
- 6M
- 39.25%
- YTD
- 41.36%
- 1Y
- 86.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 81.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$412.76K | CA$362.20K | CA$278.07K | |
| CA$78.14K | CA$68.11K | CA$32.35K |
ZZZD.TO vs. CLSA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZZZD.TO BMO Tactical Dividend ETF Fund | 11.82% | 4.30% |
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF | 41.36% | 57.14% |
Correlation
The correlation between ZZZD.TO and CLSA.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025 | 0.26 |
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Return for Risk
ZZZD.TO vs. CLSA.TO — Risk / Return Rank
ZZZD.TO
CLSA.TO
ZZZD.TO vs. CLSA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Tactical Dividend ETF Fund (ZZZD.TO) and Brompton Split Corp. Enhanced Equity Income ETF (CLSA.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.
| ZZZD.TO | CLSA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.13 | ||
| Sortino ratioReturn per unit of downside risk | -4.05 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.14 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | 5.72 | 8.06 | -2.34 |
| Martin ratioReturn relative to average drawdown | 18.33 | 35.07 | -16.74 |
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Drawdowns
ZZZD.TO vs. CLSA.TO - Drawdown Comparison
The maximum ZZZD.TO drawdown since its inception was -22.28%, which is greater than CLSA.TO's maximum drawdown of -11.73%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and CLSA.TO.
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Drawdown Indicators
| ZZZD.TO | CLSA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -11.73% | -10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -10.78% | +8.06% |
Max Drawdown (3Y)Largest decline over 3 years | -9.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.72% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -1.01% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -1.25% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.47% | -1.62% |
Volatility
ZZZD.TO vs. CLSA.TO - Volatility Comparison
The current volatility for BMO Tactical Dividend ETF Fund (ZZZD.TO) is 2.44%, while Brompton Split Corp. Enhanced Equity Income ETF (CLSA.TO) has a volatility of 4.08%. This indicates that ZZZD.TO experiences smaller price fluctuations and is considered to be less risky than CLSA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZZZD.TO | CLSA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 4.08% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 12.82% | -6.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.51% | 14.59% | -6.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.16% | 16.24% | -5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.62% | 16.24% | -3.62% |
Dividends
ZZZD.TO vs. CLSA.TO - Dividend Comparison
ZZZD.TO's dividend yield for the trailing twelve months is around 3.71%, less than CLSA.TO's 9.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF | 9.71% | 7.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 3.71% | 4.07% | 4.29% | 4.28% | 4.51% | 4.27% | 4.09% | 3.11% |
Frequently Asked Questions
ZZZD.TO and CLSA.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and Brompton Funds.
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