VS
iShares Canadian Fundamental Index ETF (CRQ) and BMO Canadian High Dividend Covered Call ETF (ZWC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CRQ focuses its top 3 sector exposures on Finance, Energy, and Non-Energy Materials, while ZWC leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, CRQ features a management fee (MER) of 0.65%, compared to 0.65% for ZWC. Performance-wise, CRQ has returned 21.54% year-to-date with +$14 M in net flows, whereas ZWC is at 15.06% with +$323 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CRQ
ZWC
| AuM | $154.20 M | $2,476.24 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.72% | 0.72% |
| Tracking Difference | -0.02% | - |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CRQ | -1.29% | +2.89% | +21.54% | +34.02% | +101.36% |
ZWC | -1.47% | +1.82% | +15.06% | +24.11% | +63.63% | |
| Flows | CRQ | +$4 M | +$4 M | +$14 M | +$14 M | +$0 M |
ZWC | +$23 M | +$111 M | +$323 M | +$369 M | +$290 M |
CRQ vs ZWC exposure
Countries
CRQ
Canada
98.14%
ZWC
Canada
98.15%
Sectors
CRQ
Finance
48.70%
Energy
23.07%
Non-Energy Materials
8.63%
Other
19.61%
ZWC
Finance
40.64%
Energy
22.76%
Non-Energy Materials
11.23%
Other
25.37%
As of September 14, 2026
Top 10 Holdings
CRQ
Royal Bank of Canada
8.88%
The Toronto-Dominion Bank
8.09%
The Bank of Nova Scotia
5.76%
Enbridge, Inc.
5.48%
Bank of Montreal
4.93%
Suncor Energy, Inc.
3.90%
Canadian Natural Resources Ltd.
3.86%
Canadian Imperial Bank of Commerce
3.85%
Manulife Financial Corp.
3.46%
Brookfield Corp.
2.82%
ZWC
Royal Bank of Canada
8.06%
The Toronto-Dominion Bank
6.27%
Canadian Imperial Bank of Commerce
5.85%
Canadian Natural Resources Ltd.
5.74%
The Bank of Nova Scotia
5.62%
Enbridge, Inc.
4.71%
Suncor Energy, Inc.
4.66%
TC Energy Corp.
4.03%
Bank of Montreal
3.82%
Nutrien Ltd.
3.17%
Diversification
CRQ
Total weight of top 10 holdings out of 101 total
51.03%
ZWC
Total weight of top 10 holdings out of 39 total
51.92%
Characteristics
Compare
CRQ
ZWC
| Provider | iShares | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | RAFI Fundamental Select Canada 100 Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.78% | 5.80% |
| Meets ESG criteria | No | No |
| Inception Date | February 22, 2006 | February 9, 2017 |
Frequently asked questions about CRQ and ZWC
Which ETF has performed better year to date: CRQ or ZWC?
As of September 14, 2026, CRQ has returned 21.54% year to date, while ZWC has returned 15.06%. CRQ is ahead on YTD performance.
Which ETF is larger by assets under management: CRQ or ZWC?
As of September 14, 2026, CRQ manages $154.20 M in assets, while ZWC manages $2.48 B. ZWC is the larger fund by AUM.
How are CRQ and ZWC managed?
CRQ is passively managed by iShares. It tracks the RAFI Fundamental Select Canada 100 Index - CAD benchmark. ZWC is actively managed by BMO. It does not track an index.
What sectors do CRQ and ZWC emphasize?
CRQ is most exposed to Finance, Energy, and Non-Energy Materials. ZWC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: CRQ or ZWC?
Year to date, CRQ has seen +$14.02 M in net flows, compared with +$323.07 M for ZWC. ZWC has attracted more net investor money so far.
How do the fees of CRQ and ZWC compare?
CRQ has an expense ratio of 0.72%, while ZWC has an expense ratio of 0.72%.
What are the top holdings of CRQ and ZWC?
CRQ's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and The Bank of Nova Scotia. ZWC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce.
Which ETF is more diversified: CRQ or ZWC?
CRQ holds 100 securities, while ZWC holds 39. On holdings count, CRQ is the more diversified portfolio.
Recent articles about CRQ and ZWC
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.