PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ZZZD.TO vs. ZDY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZZZD.TO vs. ZDY.TO

Last updated Jul 17, 2026
Documentation

ZZZD.TO (BMO Tactical Dividend ETF Fund) and ZDY.TO (BMO US Dividend ETF (CAD)) are both Dividend funds from BMO. Both are actively managed. Over the past 5 years, ZZZD.TO returned 7.00%/yr vs 11.14%/yr for ZDY.TO. At a 0.26 correlation, their price movements are largely independent.

Performance

ZZZD.TO vs. ZDY.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 BMO US Dividend ETF (CAD) (ZDY.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ZZZD.TO achieves a 11.41% return, which is significantly lower than ZDY.TO's 17.05% 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*
—

ZDY.TO

1D
0.02%
1M
-0.66%
6M
12.86%
YTD
17.05%
1Y
14.32%
3Y*
15.59%
5Y*
11.14%
10Y*
9.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
ZZZD.TO
BMO Tactical Dividend ETF Fund		11.41%10.01%3.96%10.10%-0.86%5.24%-9.74%9.67%
ZDY.TO
BMO US Dividend ETF (CAD)		17.05%-0.87%26.24%4.58%1.64%22.92%-5.18%16.39%

Correlation

The correlation between ZZZD.TO and ZDY.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (All Time)
Calculated using the full available price history since Jan 11, 2019

0.26

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

Sectors
ZZZD.TO
ZDY.TO

Technology

16.4%
33.1%

Financial Services

16.3%
9.9%

Utilities

12.4%
6.0%

Healthcare

12.3%
12.6%

Communication Services

10.5%
6.2%

Energy

10.2%
6.2%

Industrials

7.6%
4.5%

Consumer Defensive

4.6%
7.6%

Basic Materials

4.4%
1.5%

Consumer Cyclical

4.2%
4.9%

Real Estate

1.2%
5.6%

Technology

ZZZD.TO
16.4%
ZDY.TO
33.1%

Financial Services

ZZZD.TO
16.3%
ZDY.TO
9.9%

Utilities

ZZZD.TO
12.4%
ZDY.TO
6.0%

Healthcare

ZZZD.TO
12.3%
ZDY.TO
12.6%

Communication Services

ZZZD.TO
10.5%
ZDY.TO
6.2%

Energy

ZZZD.TO
10.2%
ZDY.TO
6.2%

Industrials

ZZZD.TO
7.6%
ZDY.TO
4.5%

Consumer Defensive

ZZZD.TO
4.6%
ZDY.TO
7.6%

Basic Materials

ZZZD.TO
4.4%
ZDY.TO
1.5%

Consumer Cyclical

ZZZD.TO
4.2%
ZDY.TO
4.9%

Real Estate

ZZZD.TO
1.2%
ZDY.TO
5.6%

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

BMO US Dividend ETF (CAD)

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 ZDY.TO:
ZDY.TO vs. VDY.TOZDY.TO vs. ZDV.TOZDY.TO vs. SCHDZDY.TO vs. ZLU.TOZDY.TO vs. VIGZDY.TO vs. ZGRO.TOZDY.TO vs. XEI.TO

Return for Risk

ZZZD.TO vs. ZDY.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: 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
ZDY.TO
ZDY.TO Risk / Return Rank: 3434
Overall Rank
ZDY.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
ZDY.TO Sortino Ratio Rank: 3333
Sortino Ratio Rank
ZDY.TO Omega Ratio Rank: 4141
Omega Ratio Rank
ZDY.TO Calmar Ratio Rank: 3030
Calmar Ratio Rank
ZDY.TO Martin Ratio Rank: 2929
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. ZDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Tactical Dividend ETF Fund (ZZZD.TO) and BMO US Dividend ETF (CAD) (ZDY.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.TOZDY.TODifference
Sharpe ratioReturn per unit of total volatility
1.86
1.12

+0.75

Sortino ratioReturn per unit of downside risk
2.80
1.47

+1.33

Omega ratioGain probability vs. loss probability

1.36

1.22

+0.14

Calmar ratioReturn relative to maximum drawdown

5.81

1.25

+4.56

Martin ratioReturn relative to average drawdown

18.85

3.19

+15.66

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

The current ZZZD.TO Sharpe Ratio is 1.86, which is higher than the ZDY.TO Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of ZZZD.TO and ZDY.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

ZZZD.TO vs. ZDY.TO - Drawdown Comparison

The maximum ZZZD.TO drawdown since its inception was -22.28%, smaller than the maximum ZDY.TO drawdown of -32.99%. Use the drawdown chart below to compare losses from any high point for ZZZD.TO and ZDY.TO.

Loading charts...

Drawdown Indicators

ZZZD.TOZDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.28%

-32.99%

+10.71%

Max Drawdown (1Y)

Largest decline over 1 year

-2.72%

-11.53%

+8.81%

Max Drawdown (3Y)

Largest decline over 3 years

-9.21%

-15.33%

+6.12%

Max Drawdown (5Y)

Largest decline over 5 years

-14.72%

-15.33%

+0.61%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.99%

—

Current Drawdown

Current decline from peak

-0.40%

-2.12%

+1.72%

Average Drawdown

Average peak-to-trough decline

-4.66%

-3.40%

-1.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.83%

4.49%

-3.66%

Volatility

ZZZD.TO vs. ZDY.TO - Volatility Comparison

BMO Tactical Dividend ETF Fund (ZZZD.TO) has a higher volatility of 2.34% compared to BMO US Dividend ETF (CAD) (ZDY.TO) at 2.20%. This indicates that ZZZD.TO's price experiences larger fluctuations and is considered to be riskier than ZDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ZZZD.TOZDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.34%

2.20%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

6.41%

8.65%

-2.24%

Volatility (1Y)

Calculated over the trailing 1-year period

8.47%

12.88%

-4.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.17%

12.44%

-1.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.63%

15.27%

-2.64%

Dividends

ZZZD.TO vs. ZDY.TO - Dividend Comparison

ZZZD.TO's dividend yield for the trailing twelve months is around 3.72%, more than ZDY.TO's 1.51% yield.

PositionTTM20252024202320222021202020192018201720162015
ZDY.TO
BMO US Dividend ETF (CAD)		1.51%1.80%1.97%2.43%2.48%2.33%3.65%3.02%2.80%2.63%2.46%2.54%
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 ZDY.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for ZZZD.TO and ZDY.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer