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ZZZD.TO vs. FCUD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZZZD.TO vs. FCUD.TO

Last updated Jul 17, 2026
Documentation

ZZZD.TO (BMO Tactical Dividend ETF Fund) and FCUD.TO (Fidelity U.S. High Dividend ETF) are both Dividend funds. Both are actively managed. Over the past 5 years, ZZZD.TO returned 7.00%/yr vs 10.12%/yr for FCUD.TO. At a 0.27 correlation, their price movements are largely independent.

Performance

ZZZD.TO vs. FCUD.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 Fidelity U.S. High Dividend ETF (FCUD.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ZZZD.TO achieves a 11.41% return, which is significantly lower than FCUD.TO's 15.45% 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*
—

FCUD.TO

1D
0.61%
1M
1.19%
6M
10.71%
YTD
15.45%
1Y
6.61%
3Y*
11.93%
5Y*
10.12%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
ZZZD.TO
BMO Tactical Dividend ETF Fund		11.41%10.01%3.96%10.10%-0.86%5.24%-9.74%9.67%
FCUD.TO
Fidelity U.S. High Dividend ETF		15.45%-5.65%22.63%8.12%0.48%31.54%-4.76%15.23%

Correlation

The correlation between ZZZD.TO and FCUD.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Jan 11, 2019

0.27

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO Tactical Dividend ETF Fund

Fidelity U.S. High Dividend ETF

Often compared with ZZZD.TO:
ZZZD.TO vs. CWIN.TOZZZD.TO vs. ICAE.TOZZZD.TO vs. ZUD.TOZZZD.TO vs. XDU.TOZZZD.TO vs. ZNQ.TOZZZD.TO vs. ZSP.TOZZZD.TO vs. DGR.TO
Often compared with FCUD.TO:
FCUD.TO vs. FCMO.NEOFCUD.TO vs. FGRO.NEOFCUD.TO vs. BLOV.TOFCUD.TO vs. CWIN.TOFCUD.TO vs. DXU.TOFCUD.TO vs. FBAL.NEOFCUD.TO vs. FBTC.TO

Return for Risk

ZZZD.TO vs. FCUD.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: 8383
Overall Rank
ZZZD.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ZZZD.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
ZZZD.TO Omega Ratio Rank: 7777
Omega Ratio Rank
ZZZD.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
ZZZD.TO Martin Ratio Rank: 9393
Martin Ratio Rank
FCUD.TO
FCUD.TO Risk / Return Rank: 1818
Overall Rank
FCUD.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
FCUD.TO Sortino Ratio Rank: 1717
Sortino Ratio Rank
FCUD.TO Omega Ratio Rank: 2121
Omega Ratio Rank
FCUD.TO Calmar Ratio Rank: 1616
Calmar Ratio Rank
FCUD.TO Martin Ratio Rank: 1616
Martin Ratio Rank
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. FCUD.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 U.S. High Dividend ETF (FCUD.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.TOFCUD.TODifference
Sharpe ratioReturn per unit of total volatility
1.86
0.54

+1.33

Sortino ratioReturn per unit of downside risk
2.80
0.72

+2.08

Omega ratioGain probability vs. loss probability

1.36

1.12

+0.24

Calmar ratioReturn relative to maximum drawdown

5.81

0.47

+5.34

Martin ratioReturn relative to average drawdown

18.85

1.08

+17.77

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

The current ZZZD.TO Sharpe Ratio is 1.86, which is higher than the FCUD.TO Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of ZZZD.TO and FCUD.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.

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Drawdowns

ZZZD.TO vs. FCUD.TO - Drawdown Comparison

The maximum ZZZD.TO drawdown since its inception was -22.28%, smaller than the maximum FCUD.TO drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and FCUD.TO.

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Drawdown Indicators

ZZZD.TOFCUD.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.28%

-38.79%

+16.51%

Max Drawdown (1Y)

Largest decline over 1 year

-2.72%

-14.19%

+11.47%

Max Drawdown (3Y)

Largest decline over 3 years

-9.21%

-16.13%

+6.92%

Max Drawdown (5Y)

Largest decline over 5 years

-14.72%

-16.13%

+1.41%

Current Drawdown

Current decline from peak

-0.40%

-0.94%

+0.54%

Average Drawdown

Average peak-to-trough decline

-4.66%

-4.69%

+0.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.83%

6.12%

-5.29%

Volatility

ZZZD.TO vs. FCUD.TO - Volatility Comparison

BMO Tactical Dividend ETF Fund (ZZZD.TO) has a higher volatility of 2.34% compared to Fidelity U.S. High Dividend ETF (FCUD.TO) at 1.90%. This indicates that ZZZD.TO's price experiences larger fluctuations and is considered to be riskier than FCUD.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.TOFCUD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.34%

1.90%

+0.44%

Volatility (6M)

Calculated over the trailing 6-month period

6.41%

6.36%

+0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

8.47%

12.39%

-3.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.17%

13.10%

-1.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.63%

17.82%

-5.19%

Dividends

ZZZD.TO vs. FCUD.TO - Dividend Comparison

ZZZD.TO's dividend yield for the trailing twelve months is around 3.72%, more than FCUD.TO's 2.44% yield.

PositionTTM20252024202320222021202020192018
FCUD.TO
Fidelity U.S. High Dividend ETF		2.44%3.13%2.15%2.45%2.72%2.16%4.10%2.90%1.01%
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%

Frequently Asked Questions

ZZZD.TO and FCUD.TO have a correlation of 0.27, 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.

Portfolio Optimizer

Find the right allocation for ZZZD.TO and FCUD.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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