ZZZD.TO vs. RUDH.TO
ZZZD.TO (BMO Tactical Dividend ETF Fund) and RUDH.TO (RBC Quant U.S. Dividend Leaders CAD Hedged ETF) are both Dividend funds. Both are actively managed. Over the past 5 years, ZZZD.TO returned 7.00%/yr vs 8.48%/yr for RUDH.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
ZZZD.TO vs. RUDH.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 higher than RUDH.TO's 8.17% 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*
- —
RUDH.TO
- 1D
- 0.37%
- 1M
- 0.94%
- 6M
- 6.88%
- YTD
- 8.17%
- 1Y
- 14.84%
- 3Y*
- 14.29%
- 5Y*
- 8.48%
- 10Y*
- 12.84%
ZZZD.TO vs. RUDH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZZZD.TO BMO Tactical Dividend ETF Fund | 11.41% | 10.01% | 3.96% | 10.10% | -0.86% | 5.24% | -9.74% | 9.67% |
RUDH.TO RBC Quant U.S. Dividend Leaders CAD Hedged ETF | 8.17% | 8.78% | 5.71% | 36.05% | -20.27% | 46.37% | 0.96% | 36.29% |
Correlation
The correlation between ZZZD.TO and RUDH.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
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. RUDH.TO — Risk / Return Rank
ZZZD.TO
RUDH.TO
ZZZD.TO vs. RUDH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Tactical Dividend ETF Fund (ZZZD.TO) and RBC Quant U.S. Dividend Leaders CAD Hedged ETF (RUDH.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 | RUDH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.20 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.81 | 1.11 | +4.69 |
| Martin ratioReturn relative to average drawdown | 18.85 | 2.78 | +16.07 |
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Drawdowns
ZZZD.TO vs. RUDH.TO - Drawdown Comparison
The maximum ZZZD.TO drawdown since its inception was -22.28%, smaller than the maximum RUDH.TO drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and RUDH.TO.
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Drawdown Indicators
| ZZZD.TO | RUDH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -50.85% | +28.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -13.38% | +10.66% |
Max Drawdown (3Y)Largest decline over 3 years | -9.21% | -34.44% | +25.23% |
Max Drawdown (5Y)Largest decline over 5 years | -14.72% | -50.85% | +36.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.85% | — |
Current DrawdownCurrent decline from peak | -0.40% | -15.38% | +14.98% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -16.27% | +11.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 5.35% | -4.52% |
Volatility
ZZZD.TO vs. RUDH.TO - Volatility Comparison
The current volatility for BMO Tactical Dividend ETF Fund (ZZZD.TO) is 2.34%, while RBC Quant U.S. Dividend Leaders CAD Hedged ETF (RUDH.TO) has a volatility of 2.86%. This indicates that ZZZD.TO experiences smaller price fluctuations and is considered to be less risky than RUDH.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 | RUDH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 2.86% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 8.74% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.47% | 17.95% | -9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.17% | 92.45% | -81.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.63% | 88.21% | -75.58% |
Dividends
ZZZD.TO vs. RUDH.TO - Dividend Comparison
ZZZD.TO's dividend yield for the trailing twelve months is around 3.72%, more than RUDH.TO's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RUDH.TO RBC Quant U.S. Dividend Leaders CAD Hedged ETF | 1.56% | 1.47% | 2.78% | 3.26% | 4.27% | 2.36% | 3.68% | 4.01% | 4.96% | 4.03% | 4.32% | 4.94% |
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% | 0.00% |
Frequently Asked Questions
ZZZD.TO and RUDH.TO have a correlation of 0.13, 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 RBC.
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