VS
CI U.S. Minimum Downside Volatility Index ETF (CUDV) and BMO US High Dividend Covered Call ETF (ZWH) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CUDV focuses its top 3 sector exposures on Industrials, Consumer Staples, and Health Care, while ZWH leans towards Information Technology, Health Care, and Financials. When evaluating costs, CUDV features a management fee (MER) of 0.3%, compared to 0.65% for ZWH. Performance-wise, CUDV has returned 0.95% year-to-date with +$0 M in net flows, whereas ZWH is at 11.5% with -$25 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
CUDV
ZWH
| AuM | $6.39 M | $1,129.37 M |
| Management Fees | 0.30% | 0.65% |
| Exp. ratio | 0.34% | 0.71% |
| Tracking Difference | 0.08% | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CUDV | +0.99% | -6.78% | -0.95% | +3.90% | +34.29% |
ZWH | +3.55% | +9.04% | +11.50% | +23.25% | +47.86% | |
| Flows | CUDV | +$0 M | +$0 M | +$0 M | +$0 M | -$2 M |
ZWH | +$3 M | +$3 M | -$25 M | -$39 M | -$84 M |
CUDV vs ZWH exposure
Countries
CUDV
USA
94.88%
ZWH
USA
98.37%
Sectors
CUDV
Industrials
20.97%
Consumer Staples
13.32%
Health Care
13.24%
Communication Services
12.68%
Information Technology
11.76%
Financials
10.20%
Other
17.83%
ZWH
Information Technology
29.76%
Health Care
12.94%
Financials
10.21%
Consumer Staples
9.46%
Energy
9.32%
Other
28.31%
As of June 11, 2026
Top 10 Holdings
CUDV
JOHNSON&JOHNSON
5.88%
WASTE MANAGEMENT
5.13%
L3 HARRIS TECHNOLOGIES
5.07%
RAYTHEON TECHNOLOGIES CORPORD
5.07%
ELECTRONIC ARTS
4.91%
LOCKHEED MARTIN
4.89%
AMERISOURCEBERGEN
4.81%
WALMART INC
4.69%
VERIZON COMMUNICATIONS
4.50%
BERKSHIRE HATHWAY
4.03%
ZWH
BROADCOM LIMITED
4.68%
ABBVIE
4.38%
JPMORGAN CHASE
3.90%
EXXON
3.89%
MERCK & CO INC
3.83%
CHEVRON TEXACO
3.82%
CISCO-T
3.70%
BK OF AMERICA CO
3.64%
INTL BUSINESS MACHINES CORP
3.33%
APPLE
3.32%
Diversification
CUDV
Total weight of top 10 holdings out of 125 total
48.97%
ZWH
Total weight of top 10 holdings out of 40 total
38.48%
Characteristics
Compare
CUDV
ZWH
| Provider | CI | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive US Minimum Downside Volatility Hedged to CAD Index NTR - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.34% | 5.88% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2023 | February 14, 2014 |
Frequently asked questions about CUDV and ZWH
Which ETF has performed better year to date: CUDV or ZWH?
As of June 11, 2026, CUDV has returned -0.95% year to date, while ZWH has returned 11.50%. ZWH is ahead on YTD performance.
Which ETF is larger by assets under management: CUDV or ZWH?
As of June 11, 2026, CUDV manages $6.39 M in assets, while ZWH manages $1.13 B. ZWH is the larger fund by AUM.
How are CUDV and ZWH managed?
CUDV is passively managed by CI. It tracks the Solactive US Minimum Downside Volatility Hedged to CAD Index NTR - CAD benchmark. ZWH is actively managed by BMO. It does not track an index.
What sectors do CUDV and ZWH emphasize?
CUDV is most exposed to Industrials, Consumer Staples, and Health Care. ZWH is most exposed to Information Technology, Health Care, and Financials.
Which ETF is attracting more investor flows: CUDV or ZWH?
Year to date, CUDV has seen +$0.00 M in net flows, compared with -$25.08 M for ZWH. CUDV has attracted more net investor money so far.
How do the fees of CUDV and ZWH compare?
CUDV has an expense ratio of 0.34%, while ZWH has an expense ratio of 0.71%.
What are the top holdings of CUDV and ZWH?
CUDV's largest holdings include JOHNSON&JOHNSON, WASTE MANAGEMENT, and L3 HARRIS TECHNOLOGIES. ZWH's top holdings include BROADCOM LIMITED, ABBVIE, and JPMORGAN CHASE.
Which ETF is more diversified: CUDV or ZWH?
CUDV holds 119 securities, while ZWH holds 40. On holdings count, CUDV is the more diversified portfolio.
Recent articles about CUDV and ZWH
Unleashing the Potential of Covered Call ETFs
Here's all you need to know about covered call ETFs as a Canadian investor.
Posted on 6/7/2023 by Tony Dong inStock Market
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.