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

ZZZD.TO vs. UMVP.TO

Last updated Jul 25, 2026
Documentation

ZZZD.TO (BMO Tactical Dividend ETF Fund) and UMVP.TO (Hamilton Champions Utilities Index ETF) are both exchange-traded funds - ZZZD.TO is a Dividend fund actively managed by BMO, while UMVP.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index. ZZZD.TO is actively managed, while UMVP.TO is passively managed. At a correlation of -0.07, they often move in opposite directions.

Performance

ZZZD.TO vs. UMVP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Tactical Dividend ETF Fund (ZZZD.TO) and Hamilton Champions Utilities Index ETF (UMVP.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

ZZZD.TO

1D
0.65%
1M
1.13%
6M
10.25%
YTD
11.82%
1Y
15.46%
3Y*
10.23%
5Y*
7.12%
10Y*
—
ALL TIME*
5.10%

UMVP.TO

1D
0.61%
1M
0.49%
6M
15.20%
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

UMVP.TO

Hamilton Champions Utilities Index ETF
CA$30.94KCA$48.86KCA$53.41K

ZZZD.TO

BMO Tactical Dividend ETF Fund
CA$78.14KCA$68.11KCA$32.35K

ZZZD.TO vs. UMVP.TO - Yearly Performance Comparison

2026 (YTD)
ZZZD.TO
BMO Tactical Dividend ETF Fund		10.92%
UMVP.TO
Hamilton Champions Utilities Index ETF		15.91%

Correlation

The correlation between ZZZD.TO and UMVP.TO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jan 21, 2026

-0.07

ZZZD.TO vs. UMVP.TO - Sectors Allocation Comparison

Sectors
ZZZD.TO
UMVP.TO

Technology

16.3%

-

Financial Services

16.3%

-

Healthcare

12.6%

-

Utilities

12.2%
43.6%

Communication Services

10.2%
22.8%

Energy

9.8%
33.6%

Industrials

7.7%

-

Consumer Defensive

5.3%

-

Consumer Cyclical

4.2%

-

Basic Materials

4.2%

-

Real Estate

1.2%

-

Technology

ZZZD.TO
16.3%
UMVP.TO

-

Financial Services

ZZZD.TO
16.3%
UMVP.TO

-

Healthcare

ZZZD.TO
12.6%
UMVP.TO

-

Utilities

ZZZD.TO
12.2%
UMVP.TO
43.6%

Communication Services

ZZZD.TO
10.2%
UMVP.TO
22.8%

Energy

ZZZD.TO
9.8%
UMVP.TO
33.6%

Industrials

ZZZD.TO
7.7%
UMVP.TO

-

Consumer Defensive

ZZZD.TO
5.3%
UMVP.TO

-

Consumer Cyclical

ZZZD.TO
4.2%
UMVP.TO

-

Basic Materials

ZZZD.TO
4.2%
UMVP.TO

-

Real Estate

ZZZD.TO
1.2%
UMVP.TO

-

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

Hamilton Champions Utilities Index ETF

Often compared with ZZZD.TO:
ZZZD.TO vs. CWIN.TOZZZD.TO vs. ICAE.TOZZZD.TO vs. CDIV.TOZZZD.TO vs. ZUD.TOZZZD.TO vs. DGR.TOZZZD.TO vs. FCID.TOZZZD.TO vs. IQD.TO
Often compared with UMVP.TO:
UMVP.TO vs. UTIL.TOUMVP.TO vs. FMAX.TOUMVP.TO vs. HBA.TOUMVP.TO vs. HYLD-U.TOUMVP.TO vs. ZUT.TOUMVP.TO vs. LMAX.TOUMVP.TO vs. HEB.TO

Return for Risk

ZZZD.TO vs. UMVP.TO — 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: 8787
Overall Rank
ZZZD.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
ZZZD.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
ZZZD.TO Omega Ratio Rank: 8383
Omega Ratio Rank
ZZZD.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
ZZZD.TO Martin Ratio Rank: 9494
Martin Ratio Rank
UMVP.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. UMVP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Tactical Dividend ETF Fund (ZZZD.TO) and Hamilton Champions Utilities Index ETF (UMVP.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.TOUMVP.TODifference
Sharpe ratioReturn per unit of total volatility
1.83

—

—

Sortino ratioReturn per unit of downside risk
2.74

—

—

Omega ratioGain probability vs. loss probability

1.36

—

—

Calmar ratioReturn relative to maximum drawdown

5.72

—

—

Martin ratioReturn relative to average drawdown

18.33

—

—

ZZZD.TO vs. UMVP.TO - Sharpe Ratio Comparison

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Drawdowns

ZZZD.TO vs. UMVP.TO - Drawdown Comparison

The maximum ZZZD.TO drawdown since its inception was -22.28%, which is greater than UMVP.TO's maximum drawdown of -4.86%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and UMVP.TO.

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Drawdown Indicators

ZZZD.TOUMVP.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.28%

-4.86%

-17.42%

Max Drawdown (1Y)

Largest decline over 1 year

-2.72%

—

—

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

-0.03%

-0.49%

+0.46%

Average Drawdown

Average peak-to-trough decline

-4.65%

-1.09%

-3.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.85%

—

—

Volatility

ZZZD.TO vs. UMVP.TO - Volatility Comparison

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Volatility by Period

ZZZD.TOUMVP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.44%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

6.38%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

8.51%

9.70%

-1.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.16%

9.70%

+1.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.62%

9.70%

+2.92%

Dividends

ZZZD.TO vs. UMVP.TO - Dividend Comparison

ZZZD.TO's dividend yield for the trailing twelve months is around 3.71%, more than UMVP.TO's 1.80% yield.

PositionTTM2025202420232022202120202019
UMVP.TO
Hamilton Champions Utilities Index ETF		1.80%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZZZD.TO
BMO Tactical Dividend ETF Fund		3.71%4.07%4.29%4.28%4.51%4.27%4.09%3.11%

Frequently Asked Questions

ZZZD.TO and UMVP.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ZZZD.TO is categorized as Dividend, while UMVP.TO is Utilities Equities. They also come from different issuers: BMO and Hamilton.

Portfolio Optimizer

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