ZZZD.TO vs. FCCD.TO
ZZZD.TO (BMO Tactical Dividend ETF Fund) and FCCD.TO (Fidelity Canadian High Dividend Index ETF) are both Dividend funds. ZZZD.TO is actively managed, while FCCD.TO is passively managed. Over the past 5 years, ZZZD.TO returned 7.17%/yr vs 11.80%/yr for FCCD.TO. At a 0.31 correlation, their price movements are largely independent.
Performance
ZZZD.TO vs. FCCD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZZZD.TO achieves a 10.86% return, which is significantly lower than FCCD.TO's 13.97% return.
ZZZD.TO
- 1D
- -0.90%
- 1M
- 0.59%
- YTD
- 10.86%
- 6M
- 10.11%
- 1Y
- 15.77%
- 3Y*
- 10.20%
- 5Y*
- 7.17%
- 10Y*
- —
FCCD.TO
- 1D
- 0.00%
- 1M
- 1.02%
- YTD
- 13.97%
- 6M
- 13.36%
- 1Y
- 30.99%
- 3Y*
- 19.54%
- 5Y*
- 11.80%
- 10Y*
- —
ZZZD.TO vs. FCCD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZZZD.TO BMO Tactical Dividend ETF Fund | 10.86% | 10.01% | 3.96% | 10.10% | -0.86% | 5.24% | -9.74% | 9.67% |
FCCD.TO Fidelity Canadian High Dividend Index ETF | 13.97% | 25.05% | 16.92% | 3.35% | -4.04% | 29.46% | -8.44% | 15.59% |
Correlation
The correlation between ZZZD.TO and FCCD.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.31 |
The correlation between ZZZD.TO and FCCD.TO shifts across timeframes, from 0.20 (3 years) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZZZD.TO vs. FCCD.TO — Risk / Return Rank
ZZZD.TO
FCCD.TO
ZZZD.TO vs. FCCD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Tactical Dividend ETF Fund (ZZZD.TO) and Fidelity Canadian High Dividend Index ETF (FCCD.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 | FCCD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.67 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.83 | 5.49 | +0.34 |
| Martin ratioReturn relative to average drawdown | 19.32 | 25.50 | -6.18 |
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Drawdowns
ZZZD.TO vs. FCCD.TO - Drawdown Comparison
The maximum ZZZD.TO drawdown since its inception was -22.28%, smaller than the maximum FCCD.TO drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and FCCD.TO.
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Drawdown Indicators
| ZZZD.TO | FCCD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -43.53% | +21.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -5.67% | +2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -9.21% | -9.94% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -14.72% | -19.24% | +4.52% |
Current DrawdownCurrent decline from peak | -0.90% | -1.41% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -6.33% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.22% | -0.40% |
Volatility
ZZZD.TO vs. FCCD.TO - Volatility Comparison
BMO Tactical Dividend ETF Fund (ZZZD.TO) and Fidelity Canadian High Dividend Index ETF (FCCD.TO) have volatilities of 2.75% and 2.71%, 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.
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Volatility by Period
| ZZZD.TO | FCCD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 2.71% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 7.01% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 8.60% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.17% | 11.52% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.66% | 17.03% | -4.37% |
Dividends
ZZZD.TO vs. FCCD.TO - Dividend Comparison
ZZZD.TO's dividend yield for the trailing twelve months is around 3.74%, more than FCCD.TO's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FCCD.TO Fidelity Canadian High Dividend Index ETF | 3.03% | 3.56% | 4.27% | 4.65% | 4.01% | 3.02% | 4.74% | 3.80% | 0.16% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 3.74% | 4.07% | 4.29% | 4.28% | 4.51% | 4.27% | 4.09% | 3.11% | 0.00% |
Frequently Asked Questions
ZZZD.TO and FCCD.TO have a correlation of 0.21, 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 Fidelity.
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