ZZZD.TO vs. IDIV-B.TO
ZZZD.TO (BMO Tactical Dividend ETF Fund) and IDIV-B.TO (Manulife Smart International Dividend ETF Unhedged Units) are both Dividend funds. Both are actively managed. Over the past 3 years, ZZZD.TO returned 10.75%/yr vs 19.73%/yr for IDIV-B.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
ZZZD.TO vs. IDIV-B.TO - Performance Comparison
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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 IDIV-B.TO's 15.39% 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*
- —
IDIV-B.TO
- 1D
- -0.44%
- 1M
- 0.53%
- 6M
- 10.61%
- YTD
- 15.39%
- 1Y
- 23.83%
- 3Y*
- 19.73%
- 5Y*
- —
- 10Y*
- —
ZZZD.TO vs. IDIV-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZZZD.TO BMO Tactical Dividend ETF Fund | 11.41% | 10.01% | 3.96% | 10.10% | 6.12% |
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units | 15.39% | 30.89% | 11.95% | 12.28% | 7.59% |
Correlation
The correlation between ZZZD.TO and IDIV-B.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2022 | 0.12 |
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Return for Risk
ZZZD.TO vs. IDIV-B.TO — Risk / Return Rank
ZZZD.TO
IDIV-B.TO
ZZZD.TO vs. IDIV-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Tactical Dividend ETF Fund (ZZZD.TO) and Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.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 | IDIV-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 5.81 | 2.39 | +3.42 |
| Martin ratioReturn relative to average drawdown | 18.85 | 9.22 | +9.63 |
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Drawdowns
ZZZD.TO vs. IDIV-B.TO - Drawdown Comparison
The maximum ZZZD.TO drawdown since its inception was -22.28%, which is greater than IDIV-B.TO's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and IDIV-B.TO.
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Drawdown Indicators
| ZZZD.TO | IDIV-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -13.62% | -8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -10.03% | +7.31% |
Max Drawdown (3Y)Largest decline over 3 years | -9.21% | -13.62% | +4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -14.72% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -1.25% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -1.77% | -2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 2.59% | -1.76% |
Volatility
ZZZD.TO vs. IDIV-B.TO - Volatility Comparison
The current volatility for BMO Tactical Dividend ETF Fund (ZZZD.TO) is 2.34%, while Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) has a volatility of 3.33%. This indicates that ZZZD.TO experiences smaller price fluctuations and is considered to be less risky than IDIV-B.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 | IDIV-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 3.33% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 13.17% | -6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.47% | 16.36% | -7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.17% | 14.32% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.63% | 14.32% | -1.69% |
Dividends
ZZZD.TO vs. IDIV-B.TO - Dividend Comparison
ZZZD.TO's dividend yield for the trailing twelve months is around 3.72%, more than IDIV-B.TO's 2.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units | 2.93% | 3.12% | 3.52% | 1.73% | 0.20% | 0.00% | 0.00% | 0.00% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 3.72% | 4.07% | 4.29% | 4.28% | 4.51% | 4.27% | 4.09% | 3.11% |
Frequently Asked Questions
ZZZD.TO and IDIV-B.TO have a correlation of 0.19, 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 Manulife.
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