ZZZD.TO vs. DGRC.TO

Last updated Jul 17, 2026

ZZZD.TO (BMO Tactical Dividend ETF Fund) and DGRC.TO (CI Canada Quality Dividend Growth Index ETF) are both Dividend funds. Over the past 5 years, ZZZD.TO returned 7.00%/yr vs 13.71%/yr for DGRC.TO. At a 0.31 correlation, their price movements are largely independent.

Performance

ZZZD.TO vs. DGRC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Tactical Dividend ETF Fund (ZZZD.TO) and CI Canada Quality Dividend Growth Index ETF (DGRC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZZZD.TO achieves a 11.41% return, which is significantly lower than DGRC.TO's 18.54% return.

ZZZD.TO

• 1D: 0.16%
• 1M: 0.47%
• 6M: 9.44%
• YTD: 11.41%
• 1Y: 15.70%
• 3Y*: 10.75%
• 5Y*: 7.00%
• 10Y*: —

DGRC.TO

• 1D: 0.83%
• 1M: 2.63%
• 6M: 14.58%
• YTD: 18.54%
• 1Y: 34.86%
• 3Y*: 20.77%
• 5Y*: 13.71%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZZZD.TO vs. DGRC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ZZZD.TO BMO Tactical Dividend ETF Fund	11.41%	10.01%	3.96%	10.10%	-0.86%	5.24%	-9.74%	9.67%
DGRC.TO CI Canada Quality Dividend Growth Index ETF	18.54%	27.20%	12.36%	7.79%	-1.70%	20.84%	7.22%	14.11%

Correlation

The correlation between ZZZD.TO and DGRC.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019	0.31

The correlation between ZZZD.TO and DGRC.TO shifts across timeframes, from 0.13 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

ZZZD.TO vs. DGRC.TO - Sectors Allocation Comparison

Sectors	ZZZD.TO	DGRC.TO
Technology	16.4%	1.3%
Financial Services	16.3%	24.8%
Utilities	12.4%	-
Healthcare	12.3%	-
Communication Services	10.5%	2.0%
Energy	10.2%	26.6%
Industrials	7.6%	15.9%
Consumer Defensive	4.6%	10.7%
Basic Materials	4.4%	8.3%
Consumer Cyclical	4.2%	10.3%
Real Estate	1.2%	0.1%

Return for Risk

ZZZD.TO vs. DGRC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZZZD.TO

ZZZD.TO Risk / Return Rank: 83
ZZZD.TO Sharpe Ratio Rank: 72
ZZZD.TO Sortino Ratio Rank: 77
ZZZD.TO Omega Ratio Rank: 77
ZZZD.TO Calmar Ratio Rank: 95
ZZZD.TO Martin Ratio Rank: 93

DGRC.TO

DGRC.TO Risk / Return Rank: 95
DGRC.TO Sharpe Ratio Rank: 95
DGRC.TO Sortino Ratio Rank: 94
DGRC.TO Omega Ratio Rank: 94
DGRC.TO Calmar Ratio Rank: 95
DGRC.TO Martin Ratio Rank: 95

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.

ZZZD.TO vs. DGRC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Tactical Dividend ETF Fund (ZZZD.TO) and CI Canada Quality Dividend Growth Index ETF (DGRC.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	DGRC.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.99	-1.12
Sortino ratio: Return per unit of downside risk	2.80	4.06	-1.26
Omega ratio: Gain probability vs. loss probability	1.36	1.54	-0.17
Calmar ratio: Return relative to maximum drawdown	5.81	5.84	-0.04
Martin ratio: Return relative to average drawdown	18.85	22.02	-3.17

ZZZD.TO vs. DGRC.TO - Sharpe Ratio Comparison

The current ZZZD.TO Sharpe Ratio is 1.86, which is lower than the DGRC.TO Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of ZZZD.TO and DGRC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ZZZD.TO vs. DGRC.TO - Drawdown Comparison

The maximum ZZZD.TO drawdown since its inception was -22.28%, smaller than the maximum DGRC.TO drawdown of -36.59%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and DGRC.TO.

Drawdown Indicators

	ZZZD.TO	DGRC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.28%	-36.59%	+14.31%
Max Drawdown (1Y) Largest decline over 1 year	-2.72%	-5.99%	+3.27%
Max Drawdown (3Y) Largest decline over 3 years	-9.21%	-12.90%	+3.69%
Max Drawdown (5Y) Largest decline over 5 years	-14.72%	-15.39%	+0.67%
Current Drawdown Current decline from peak	-0.40%	0.00%	-0.40%
Average Drawdown Average peak-to-trough decline	-4.66%	-3.19%	-1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	1.59%	-0.76%

Volatility

ZZZD.TO vs. DGRC.TO - Volatility Comparison

The current volatility for BMO Tactical Dividend ETF Fund (ZZZD.TO) is 2.34%, while CI Canada Quality Dividend Growth Index ETF (DGRC.TO) has a volatility of 2.58%. This indicates that ZZZD.TO experiences smaller price fluctuations and is considered to be less risky than DGRC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZZZD.TO	DGRC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	2.58%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	6.41%	9.08%	-2.67%
Volatility (1Y) Calculated over the trailing 1-year period	8.47%	11.73%	-3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.17%	12.53%	-1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.63%	14.65%	-2.02%

Dividends

ZZZD.TO vs. DGRC.TO - Dividend Comparison

ZZZD.TO's dividend yield for the trailing twelve months is around 3.72%, more than DGRC.TO's 2.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRC.TO CI Canada Quality Dividend Growth Index ETF	2.28%	2.58%	2.46%	2.56%	2.48%	1.87%	3.06%	2.20%	1.79%	0.23%
ZZZD.TO BMO Tactical Dividend ETF Fund	3.72%	4.07%	4.29%	4.28%	4.51%	4.27%	4.09%	3.11%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZZZD.TO and DGRC.TO in my portfolio?

ZZZD.TO and DGRC.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between ZZZD.TO and DGRC.TO?

They also come from different issuers: BMO and CI Investments.