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BMO Canadian Dividend ETF (ZDV.TO) ETF Analysis

ZDV.TO

Expense ratio 0.35% Yield 2.71% Assets CA$1.88B Since October 21, 2011 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$33.54

+CA$0.22 (+0.66%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ZDV.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+33.81%	+33.81%	CA$133.81	CA$401.43
3 years	+110.79%	+28.22%	CA$210.79	CA$632.37
5 years	+104.35%	+15.36%	CA$204.35	CA$613.04
10 years	+209.65%	+11.97%	CA$309.65	CA$928.94

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

ZDV.TO Return by Calendar Year

2016 and 2026 are partial years

−10.66%+28.82%+25.28%

2016*2017201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+25.28%
2025	+28.82%
2024	+16.83%
2023	+7.73%
2022	−1.66%
2021	+28.75%
2020	−3.51%
2019	+22.70%
2018	−10.66%
2017	+7.69%
2016 (partial year)	+0.60%

ZDV.TO Monthly Returns

−22%+13%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+3.2	+8.5	−1.2	+3.2	+2.9	+1.7	+3.1	+0.6	−2.0	+3.2	—	—
2025	+3.1	+0.7	+0.3	−0.3	+4.0	+1.5	+1.9	+4.2	+4.0	+0.3	+4.5	+1.6
2024	−0.2	+1.4	+3.6	−2.5	+3.8	−2.7	+6.1	+2.3	+3.3	+0.7	+3.9	−3.6
2023	+7.0	−2.2	−1.0	+3.8	−6.5	+2.6	+1.2	−2.1	−3.3	−2.7	+7.3	+4.5
2022	+2.7	+1.6	+4.4	−3.8	+0.5	−7.7	+3.6	−1.6	−4.6	+4.8	+4.3	−4.9
2021	+1.2	+2.6	+6.0	+2.0	+3.8	+1.3	+0.9	+2.1	−1.2	+4.2	−1.9	+4.7
2020	+1.7	−6.6	−21.9	+6.5	+2.1	+0.8	+2.5	+4.1	−0.4	−0.9	+12.6	+0.0
2019	+8.1	+3.6	+1.3	+3.0	−3.4	+1.6	+0.0	−0.2	+4.4	−1.5	+3.8	+0.6
2018	−3.0	−3.6	−0.7	+1.4	+1.3	+2.1	+1.3	+0.5	−1.4	−4.7	+1.5	−5.4
2017	+0.3	+0.3	+1.8	+0.5	−2.4	+1.2	+0.0	−0.4	+2.8	+3.1	+0.1	+0.3

Monthly total returns with dividends reinvested; each cell prints its signed value.

ZDV.TO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs

Annualized volatility: 14.95%
Beta (3y): 0.84
Best year: +28.82%
Worst year: −10.66%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

#	Symbol	Name	Weight
1	RY	Royal Bank of Canada	8.64%
2	TD	The Toronto-Dominion Bank	7.1%
3	BNS.TO	Bank of Nova Scotia	5.21%
4	CNQ.TO	Canadian Natural Resources Ltd	4.6%
5	CM.TO	Canadian Imperial Bank of Commerce	4.48%
6	ENB.TO	Enbridge Inc	4.14%
7	BMO.TO	Bank of Montreal	3.14%
8	AEM.TO	Agnico Eagle Mines Ltd	2.72%
9	ABX.TO	Barrick Mining Corp	2.68%
10	SU.TO	Suncor Energy Inc	2.26%

Analysis

Data-derived

Fund Overview

BMO Canadian Dividend ETF (ZDV.TO) is an exchange-traded fund. BMO Asset Management Inc is the fund family on file. The inception date on file is October 21, 2011. Total net assets stand at CA$1.88B. The expense ratio is 0.35%. On a CA$10,000 position that is CA$35.00 a year.

Its biggest positions are Royal Bank of Canada (RY), The Toronto-Dominion Bank (TD), and Bank of Nova Scotia (BNS.TO). Royal Bank of Canada alone accounts for 8.64% of the portfolio. The ten largest positions together make up 44.97% of the fund.

Performance Analysis

ZDV.TO last closed at CA$33.54 on October 21, 2026. The trailing one-year total return is +33.81%. Across 10 years the annualized return works out at +11.97%. The fund distributes at a trailing yield of 2.71%.

So far in 2026 the total return is +25.28%. The strongest complete calendar year on file is 2025 at +28.82%; the weakest is 2018 at −10.66%. Of the 9 complete calendar years on file, 6 finished higher.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$25.75 to CA$33.87. The latest close sits 30.25% above that 52-week low. Annualized volatility over the trailing 10 years is 14.95%. The reported beta is 0.84. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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