ZZZD.TO vs. TBNK.TO
ZZZD.TO (BMO Tactical Dividend ETF Fund) and TBNK.TO (TD Canadian Bank Dividend Index ETF) are both Dividend funds. ZZZD.TO is actively managed, while TBNK.TO is passively managed. Over the past 3 years, ZZZD.TO returned 10.20%/yr vs 35.65%/yr for TBNK.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
ZZZD.TO vs. TBNK.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 lower than TBNK.TO's 32.04% 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*
- —
TBNK.TO
- 1D
- 0.86%
- 1M
- 11.21%
- YTD
- 32.04%
- 6M
- 31.50%
- 1Y
- 69.10%
- 3Y*
- 35.65%
- 5Y*
- —
- 10Y*
- —
ZZZD.TO vs. TBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZZZD.TO BMO Tactical Dividend ETF Fund | 10.86% | 10.01% | 3.96% | 1.56% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 32.04% | 44.62% | 20.33% | 7.99% |
Correlation
The correlation between ZZZD.TO and TBNK.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.18 |
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Return for Risk
ZZZD.TO vs. TBNK.TO — Risk / Return Rank
ZZZD.TO
TBNK.TO
ZZZD.TO vs. TBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Tactical Dividend ETF Fund (ZZZD.TO) and TD Canadian Bank Dividend Index ETF (TBNK.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 | TBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.53 | ||
| Sortino ratioReturn per unit of downside risk | -4.62 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.99 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | 5.83 | 8.42 | -2.59 |
| Martin ratioReturn relative to average drawdown | 19.32 | 36.53 | -17.21 |
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Drawdowns
ZZZD.TO vs. TBNK.TO - Drawdown Comparison
The maximum ZZZD.TO drawdown since its inception was -22.28%, which is greater than TBNK.TO's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and TBNK.TO.
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Drawdown Indicators
| ZZZD.TO | TBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -15.03% | -7.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -8.25% | +5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -9.21% | -15.03% | +5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -14.72% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | 0.00% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -2.39% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.90% | -1.08% |
Volatility
ZZZD.TO vs. TBNK.TO - Volatility Comparison
The current volatility for BMO Tactical Dividend ETF Fund (ZZZD.TO) is 2.75%, while TD Canadian Bank Dividend Index ETF (TBNK.TO) has a volatility of 2.97%. This indicates that ZZZD.TO experiences smaller price fluctuations and is considered to be less risky than TBNK.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 | TBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 2.97% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 11.25% | -4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 12.87% | -4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.17% | 12.80% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.66% | 12.80% | -0.14% |
Dividends
ZZZD.TO vs. TBNK.TO - Dividend Comparison
ZZZD.TO's dividend yield for the trailing twelve months is around 3.74%, more than TBNK.TO's 2.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TBNK.TO TD Canadian Bank Dividend Index ETF | 2.22% | 2.89% | 4.03% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% |
ZZZD.TO BMO Tactical Dividend ETF Fund | 3.74% | 4.07% | 4.29% | 4.28% | 4.51% | 4.27% | 4.09% | 3.11% |
Frequently Asked Questions
ZZZD.TO and TBNK.TO have a correlation of 0.20, 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 TD.
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