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

ZZZD.TO vs. SPDG

Last updated Jul 17, 2026
Documentation

ZZZD.TO (BMO Tactical Dividend ETF Fund) and SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) are both Dividend funds. ZZZD.TO is actively managed, while SPDG is passively managed. Over the past year, ZZZD.TO returned 15.70% vs 24.57% for SPDG. At a 0.12 correlation, their price movements are largely independent.

Performance

ZZZD.TO vs. SPDG - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Tactical Dividend ETF Fund (ZZZD.TO) and SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ZZZD.TO is traded in CAD, while SPDG is traded in USD. To make them comparable, the SPDG values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZZZD.TO achieves a 11.41% return, which is significantly lower than SPDG's 16.93% 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*
—

SPDG

1D
0.77%
1M
-1.32%
6M
11.05%
YTD
16.93%
1Y
24.57%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZZZD.TO vs. SPDG - Yearly Performance Comparison

2026 (YTD)202520242023
ZZZD.TO
BMO Tactical Dividend ETF Fund		11.41%10.01%3.96%3.34%
SPDG
SPDR Portfolio S&P Sector Neutral Dividend ETF		16.93%6.56%30.40%5.31%

Correlation

The correlation between ZZZD.TO and SPDG 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 (All Time)
Calculated using the full available price history since Sep 12, 2023

0.12

ZZZD.TO vs. SPDG - Sectors Allocation Comparison

Sectors
ZZZD.TO
SPDG

Technology

16.4%
37.4%

Financial Services

16.3%
11.8%

Utilities

12.4%
2.4%

Healthcare

12.3%
9.0%

Communication Services

10.5%
8.8%

Energy

10.2%
3.8%

Industrials

7.6%
8.8%

Consumer Defensive

4.6%
5.1%

Basic Materials

4.4%
1.6%

Consumer Cyclical

4.2%
9.3%

Real Estate

1.2%
2.2%

Technology

ZZZD.TO
16.4%
SPDG
37.4%

Financial Services

ZZZD.TO
16.3%
SPDG
11.8%

Utilities

ZZZD.TO
12.4%
SPDG
2.4%

Healthcare

ZZZD.TO
12.3%
SPDG
9.0%

Communication Services

ZZZD.TO
10.5%
SPDG
8.8%

Energy

ZZZD.TO
10.2%
SPDG
3.8%

Industrials

ZZZD.TO
7.6%
SPDG
8.8%

Consumer Defensive

ZZZD.TO
4.6%
SPDG
5.1%

Basic Materials

ZZZD.TO
4.4%
SPDG
1.6%

Consumer Cyclical

ZZZD.TO
4.2%
SPDG
9.3%

Real Estate

ZZZD.TO
1.2%
SPDG
2.2%

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

SPDR Portfolio S&P Sector Neutral 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 SPDG:
SPDG vs. SCHDSPDG vs. DIVBSPDG vs. SVAIXSPDG vs. SPYSPDG vs. DGROSPDG vs. SCHGSPDG vs. TLT

Return for Risk

ZZZD.TO vs. SPDG — 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
SPDG
SPDG Risk / Return Rank: 6666
Overall Rank
SPDG Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
SPDG Sortino Ratio Rank: 7070
Sortino Ratio Rank
SPDG Omega Ratio Rank: 6565
Omega Ratio Rank
SPDG Calmar Ratio Rank: 6565
Calmar Ratio Rank
SPDG Martin Ratio Rank: 6262
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. SPDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Tactical Dividend ETF Fund (ZZZD.TO) and SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG). 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.TOSPDGDifference
Sharpe ratioReturn per unit of total volatility
1.86
1.87

-0.01

Sortino ratioReturn per unit of downside risk
2.80
2.73

+0.06

Omega ratioGain probability vs. loss probability

1.36

1.33

+0.03

Calmar ratioReturn relative to maximum drawdown

5.81

3.27

+2.53

Martin ratioReturn relative to average drawdown

18.85

11.53

+7.32

ZZZD.TO vs. SPDG - Sharpe Ratio Comparison

The current ZZZD.TO Sharpe Ratio is 1.86, which is comparable to the SPDG Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of ZZZD.TO and SPDG, 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. SPDG - Drawdown Comparison

The maximum ZZZD.TO drawdown since its inception was -22.28%, which is greater than SPDG's maximum drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and SPDG.

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Drawdown Indicators

ZZZD.TOSPDGDifference

Max Drawdown

Largest peak-to-trough decline

-22.28%

-16.25%

-6.03%

Max Drawdown (1Y)

Largest decline over 1 year

-2.72%

-7.54%

+4.82%

Max Drawdown (3Y)

Largest decline over 3 years

-9.21%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-14.72%

—

—

Current Drawdown

Current decline from peak

-0.40%

-2.85%

+2.45%

Average Drawdown

Average peak-to-trough decline

-4.66%

-2.50%

-2.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.83%

2.14%

-1.31%

Volatility

ZZZD.TO vs. SPDG - Volatility Comparison

The current volatility for BMO Tactical Dividend ETF Fund (ZZZD.TO) is 2.34%, while SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) has a volatility of 4.12%. This indicates that ZZZD.TO experiences smaller price fluctuations and is considered to be less risky than SPDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZZZD.TOSPDGDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.34%

4.12%

-1.78%

Volatility (6M)

Calculated over the trailing 6-month period

6.41%

10.44%

-4.03%

Volatility (1Y)

Calculated over the trailing 1-year period

8.47%

13.19%

-4.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.17%

14.86%

-3.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.63%

14.86%

-2.23%

Dividends

ZZZD.TO vs. SPDG - Dividend Comparison

ZZZD.TO's dividend yield for the trailing twelve months is around 3.72%, more than SPDG's 2.72% yield.

PositionTTM2025202420232022202120202019
SPDG
SPDR Portfolio S&P Sector Neutral Dividend ETF		2.72%2.87%2.61%0.90%0.00%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 SPDG 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 State Street.

Portfolio Optimizer

Find the right allocation for ZZZD.TO and SPDG

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