ZZZD.TO vs. IQD.TO
ZZZD.TO (BMO Tactical Dividend ETF Fund) and IQD.TO (CI International Quality Dividend Growth Index ETF) are both Dividend funds. Over the past 5 years, ZZZD.TO returned 7.30%/yr vs 6.85%/yr for IQD.TO. At a 0.28 correlation, their price movements are largely independent.
Performance
ZZZD.TO vs. IQD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZZZD.TO achieves a 11.51% return, which is significantly higher than IQD.TO's 8.73% return.
ZZZD.TO
- 1D
- 0.78%
- 1M
- 1.35%
- 6M
- 11.82%
- YTD
- 11.51%
- 1Y
- 16.01%
- 3Y*
- 10.47%
- 5Y*
- 7.30%
- 10Y*
- —
IQD.TO
- 1D
- 0.48%
- 1M
- 4.13%
- 6M
- 7.46%
- YTD
- 8.73%
- 1Y
- 16.68%
- 3Y*
- 10.48%
- 5Y*
- 6.85%
- 10Y*
- —
ZZZD.TO vs. IQD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZZZD.TO BMO Tactical Dividend ETF Fund | 11.51% | 10.01% | 3.96% | 10.10% | -0.86% | 5.24% | -9.74% | 9.67% |
IQD.TO CI International Quality Dividend Growth Index ETF | 8.73% | 12.84% | 4.33% | 18.05% | -12.63% | 18.47% | 9.12% | 26.80% |
Correlation
The correlation between ZZZD.TO and IQD.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 (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 | 0.28 |
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Return for Risk
ZZZD.TO vs. IQD.TO — Risk / Return Rank
ZZZD.TO
IQD.TO
ZZZD.TO vs. IQD.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 International Quality Dividend Growth Index ETF (IQD.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 | IQD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.92 | 1.67 | +4.25 |
| Martin ratioReturn relative to average drawdown | 19.54 | 5.96 | +13.58 |
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Drawdowns
ZZZD.TO vs. IQD.TO - Drawdown Comparison
The maximum ZZZD.TO drawdown since its inception was -22.28%, smaller than the maximum IQD.TO drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and IQD.TO.
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Drawdown Indicators
| ZZZD.TO | IQD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -30.69% | +8.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -10.31% | +7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -9.21% | -18.94% | +9.73% |
Max Drawdown (5Y)Largest decline over 5 years | -14.72% | -20.52% | +5.80% |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -4.13% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.88% | -2.06% |
Volatility
ZZZD.TO vs. IQD.TO - Volatility Comparison
The current volatility for BMO Tactical Dividend ETF Fund (ZZZD.TO) is 2.86%, while CI International Quality Dividend Growth Index ETF (IQD.TO) has a volatility of 4.32%. This indicates that ZZZD.TO experiences smaller price fluctuations and is considered to be less risky than IQD.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 | IQD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 4.32% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 6.54% | 12.53% | -5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 14.42% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.17% | 15.20% | -4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.66% | 15.40% | -2.74% |
Dividends
ZZZD.TO vs. IQD.TO - Dividend Comparison
ZZZD.TO's dividend yield for the trailing twelve months is around 3.72%, more than IQD.TO's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IQD.TO CI International Quality Dividend Growth Index ETF | 2.36% | 3.08% | 1.38% | 1.66% | 4.21% | 2.19% | 1.24% | 1.79% | 2.10% | 1.12% | 0.48% |
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% | 0.00% |
Frequently Asked Questions
ZZZD.TO and IQD.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 CI.
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