ZDV.TO
BMO Canadian Dividend ETF
Canadian
EQUITY
Active
MANAGEMENT STYLE
$ 1.7 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Oct 21, 2011 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL BANK OF CANADA | 7.7 % |
| TORONTO-DOMINION BANK | 6.7 % |
| ENBRIDGE INC | 5.1 % |
| CAN IMPERIAL BK OF COMMERCE | 4.8 % |
| CANADIAN NATURAL RESOURCES | 4.6 % |
| BANK OF NOVA SCOTIA | 4.6 % |
| SUNCOR ENERGY INC | 3.1 % |
| BANK OF MONTREAL | 2.9 % |
| TRANSCANADA CORP | 2.6 % |
| AGNICO-EAGLE MINES LTD | 2.5 % |
Constituent Breakdown
| Number of holdings | 65 |
| Herfindahl-Hirschman Index | 304 |
| Wgt avg mkt cap (mns) | $64,561 |
| Large cap (>$10bn) | 73.9% |
| Mid cap ($2-10bn) | 19.3% |
| Small cap (<$2bn) | 3.6% |
| Developed mkts. | 97.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 93.1 % |
 |
BERMUDA | 4.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.1% | 35.8% | 24.6% | 19.2% | 11.2% | 7.3% | -- | 5.1% |
| Dividend Yield | 1.2% | 4.0% | 4.3% | 4.5% | 4.4% | 4.7% | -- | 4.7% |
| Total Returns | 17.2% | 39.8% | 28.9% | 23.8% | 15.7% | 12.0% | -- | 9.8% | Ann. Volatility | 10.6% | 8.4% | 9.6% | 10.0% | 10.6% | 15.0% | -- | 14.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.36 | 25% |
| MSCI EAFE | 0.34 | 36% |
| MSCI Emg Mkts | 0.20 | 22% |
Liquidity Measures
| Avg. volume (000) | 47 |
| ADV traded (mns) | $2 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $31.16 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 0.38/0.38 |
| Bollinger Bands (Upper/Lower) | $32.27/$30.47 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ZDV.TO |
Expenses vs. ZDV.TO |
ALTAR Score™ vs. ZDV.TO |
|---|---|---|---|---|
| XEI.TO | iShares S&P/TSX Composite High Dividend Index ETF | 63.8% | -13 bp | +0.7% |
| VDY.TO | Vanguard FTSE Canadian High Dividend Yield Index ETF | 59.6% | -15 bp | +0.7% |
| ZIU.TO | BMO S&P/TSX 60 Index ETF | 57.7% | -22 bp | +0.1% |
| CNDX.TO | Global X S&P/TSX 60 Index ETF | 57.7% | -26 bp | +0.2% |
| XIU.TO | iShares S&P/TSX 60 Index ETF | 57.7% | -20 bp | +0.2% |
| PXC.TO | Invesco RAFI Canadian Index ETF | 56.9% | +10 bp | +0.8% |
| QCE.TO | Mackenzie Canadian Large Cap Equity Index ETF | 56.6% | -31 bp | +0.1% |
| VCE.TO | Vanguard FTSE Canada Index ETF | 56.5% | -30 bp | +0.2% |
| FCCD.TO | Fidelity Canadian High Dividend ETF | 56.4% | 0 bp | +1.0% |
| TQCD.TO | TD Q Canadian Dividend ETF | 55.8% | 0 bp | +0.3% |
Risk and Returns: ZDV.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
5.5%
ALTAR SCORE™
39th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. ZDV.TO's ALTAR Score™ is approximately -0.3 standard
deviations above the category average. This places ZDV.TO in the 39th percentile
among funds in the category.
Sell-Side Consensus
$32.73
PRICE TARGET
+2.0%
UPSIDE