ZZZD.TO vs. XDIV.TO
ZZZD.TO (BMO Tactical Dividend ETF Fund) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both Dividend funds. ZZZD.TO is actively managed, while XDIV.TO is passively managed. Over the past 5 years, ZZZD.TO returned 7.17%/yr vs 17.49%/yr for XDIV.TO. At a 0.30 correlation, their price movements are largely independent.
Performance
ZZZD.TO vs. XDIV.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 XDIV.TO's 21.29% 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*
- —
XDIV.TO
- 1D
- 0.09%
- 1M
- 3.48%
- YTD
- 21.29%
- 6M
- 21.03%
- 1Y
- 38.50%
- 3Y*
- 23.81%
- 5Y*
- 17.49%
- 10Y*
- —
ZZZD.TO vs. XDIV.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% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 21.29% | 25.04% | 19.84% | 11.95% | 0.49% | 33.31% | -7.53% | 19.87% |
Correlation
The correlation between ZZZD.TO and XDIV.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.30 |
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Return for Risk
ZZZD.TO vs. XDIV.TO — Risk / Return Rank
ZZZD.TO
XDIV.TO
ZZZD.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Tactical Dividend ETF Fund (ZZZD.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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 | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.94 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 5.83 | 13.93 | -8.10 |
| Martin ratioReturn relative to average drawdown | 19.32 | 46.25 | -26.93 |
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Drawdowns
ZZZD.TO vs. XDIV.TO - Drawdown Comparison
The maximum ZZZD.TO drawdown since its inception was -22.28%, smaller than the maximum XDIV.TO drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and XDIV.TO.
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Drawdown Indicators
| ZZZD.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -41.29% | +19.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.78% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -9.21% | -10.53% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -14.72% | -17.33% | +2.61% |
Current DrawdownCurrent decline from peak | -0.90% | -2.23% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -4.38% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.84% | -0.02% |
Volatility
ZZZD.TO vs. XDIV.TO - Volatility Comparison
The current volatility for BMO Tactical Dividend ETF Fund (ZZZD.TO) is 2.75%, while iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) has a volatility of 3.61%. This indicates that ZZZD.TO experiences smaller price fluctuations and is considered to be less risky than XDIV.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 | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 3.61% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 6.61% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 8.46% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.17% | 10.56% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.66% | 16.32% | -3.66% |
Dividends
ZZZD.TO vs. XDIV.TO - Dividend Comparison
ZZZD.TO's dividend yield for the trailing twelve months is around 3.74%, more than XDIV.TO's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.27% | 3.90% | 4.50% | 4.42% | 4.15% | 3.76% | 4.85% | 4.24% | 5.13% | 1.92% |
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% |
Frequently Asked Questions
ZZZD.TO and XDIV.TO have a correlation of 0.25, 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 iShares.
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