ZZZD.TO vs. PDIV.TO
ZZZD.TO (BMO Tactical Dividend ETF Fund) and PDIV.TO (Purpose Enhanced Dividend Fund ETF) are both Dividend funds. Both are actively managed. Over the past 5 years, ZZZD.TO returned 7.17%/yr vs 7.87%/yr for PDIV.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
ZZZD.TO vs. PDIV.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 higher than PDIV.TO's 8.52% 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*
- —
PDIV.TO
- 1D
- 0.10%
- 1M
- 1.73%
- YTD
- 8.52%
- 6M
- 8.40%
- 1Y
- 19.23%
- 3Y*
- 11.54%
- 5Y*
- 7.87%
- 10Y*
- 9.10%
ZZZD.TO vs. PDIV.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% |
PDIV.TO Purpose Enhanced Dividend Fund ETF | 8.52% | 14.66% | 10.71% | 4.64% | -4.39% | 20.18% | -1.15% | 20.18% |
Correlation
The correlation between ZZZD.TO and PDIV.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 | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.17 |
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Return for Risk
ZZZD.TO vs. PDIV.TO — Risk / Return Rank
ZZZD.TO
PDIV.TO
ZZZD.TO vs. PDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Tactical Dividend ETF Fund (ZZZD.TO) and Purpose Enhanced Dividend Fund ETF (PDIV.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 | PDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.57 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 5.83 | 3.67 | +2.17 |
| Martin ratioReturn relative to average drawdown | 19.32 | 15.97 | +3.35 |
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Drawdowns
ZZZD.TO vs. PDIV.TO - Drawdown Comparison
The maximum ZZZD.TO drawdown since its inception was -22.28%, smaller than the maximum PDIV.TO drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and PDIV.TO.
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Drawdown Indicators
| ZZZD.TO | PDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -30.64% | +8.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -5.27% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -9.21% | -8.82% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -14.72% | -15.93% | +1.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.64% | — |
Current DrawdownCurrent decline from peak | -0.90% | 0.00% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -4.34% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.21% | -0.39% |
Volatility
ZZZD.TO vs. PDIV.TO - Volatility Comparison
BMO Tactical Dividend ETF Fund (ZZZD.TO) has a higher volatility of 2.75% compared to Purpose Enhanced Dividend Fund ETF (PDIV.TO) at 1.71%. This indicates that ZZZD.TO's price experiences larger fluctuations and is considered to be riskier than PDIV.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 | PDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 1.71% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 5.48% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 6.89% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.17% | 10.05% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.66% | 13.91% | -1.25% |
Dividends
ZZZD.TO vs. PDIV.TO - Dividend Comparison
ZZZD.TO's dividend yield for the trailing twelve months is around 3.74%, less than PDIV.TO's 11.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDIV.TO Purpose Enhanced Dividend Fund ETF | 11.81% | 11.23% | 12.35% | 11.84% | 6.38% | 5.59% | 6.33% | 5.85% | 6.80% | 25.71% | 5.38% | 8.10% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZZZD.TO and PDIV.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 Purpose Investments.
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