VS
Compare Evolve S&P/TSX 60 Enhanced Yield Fund ETF (ETSX) vs BMO Covered Call Canadian Banks ETF (ZWB) to find the best fit for your portfolio. ETSX provides Financials, Materials, and Energy exposures, while ZWB is primarily weighted in Financials. When evaluating costs, ETSX features a management fee (MER) of 0.6%, compared to 0.65% for ZWB. Performance-wise, ETSX has returned 4.91% year-to-date with +$23 M in net flows, whereas ZWB is at 10.55% with +$10 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
ETSX
ZWB
| AuM | $114.05 M | $4,148.33 M |
| Management Fees | 0.60% | 0.65% |
| Exp. ratio | 0.69% | 0.72% |
| Tracking Difference | - | - |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ETSX | +5.05% | +2.49% | +4.91% | +28.37% | +54.64% |
ZWB | +9.56% | +9.84% | +10.55% | +54.48% | +83.66% | |
| Flows | ETSX | +$4 M | +$17 M | +$23 M | +$56 M | +$96 M |
ZWB | -$9 M | +$2 M | +$10 M | -$45 M | -$148 M |
ETSX vs ZWB exposure
Countries
ETSX
Canada
87.44%
Other
11.98%
ZWB
Canada
100.12%
Sectors
ETSX
Financials
31.38%
Other
17.27%
Materials
14.51%
Energy
14.36%
Information Technology
8.47%
Other
14.02%
ZWB
Financials
100.12%
As of April 24, 2026
Top 10 Holdings
ETSX
ROYAL BK CANADA
7.98%
TORONTO DOMINION
5.58%
SHOPIFY SUBORDINATE VOTING
5.35%
ENBRIDGE
4.15%
AGNICO EAGLE MINES LTD
3.70%
BANK OF MONTREAL
3.42%
CA11271J1075
3.21%
CDN IMPERIAL BK
3.13%
BNS
3.03%
SUNCOR ENERGY
2.72%
ZWB
TORONTO DOMINION
16.89%
ROYAL BK CANADA
16.86%
BNS
16.70%
BANK OF MONTREAL
16.61%
NATIONAL BANK OF CANADA
16.60%
CDN IMPERIAL BK
16.45%
Diversification
ETSX
Total weight of top 10 holdings out of 57 total
42.27%
ZWB
Total weight of top 10 holdings out of 6 total
100.12%
Characteristics
Compare
ETSX
ZWB
| Provider | Evolve ETFs | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 7.75% | 5.04% |
| Meets ESG criteria | No | No |
| Inception Date | January 9, 2023 | January 28, 2011 |
Frequently asked questions about ETSX and ZWB
Which ETF has performed better year to date: ETSX or ZWB?
As of April 24, 2026, ETSX has returned 4.91% year to date, while ZWB has returned 10.55%. ZWB is ahead on YTD performance.
Which ETF is larger by assets under management: ETSX or ZWB?
As of April 24, 2026, ETSX manages $114.05 M in assets, while ZWB manages $4.15 B. ZWB is the larger fund by AUM.
How are ETSX and ZWB managed?
ETSX is actively managed by Evolve ETFs. It does not track an index. ZWB is actively managed by BMO. It does not track an index.
What sectors do ETSX and ZWB emphasize?
ETSX is most exposed to Financials, Materials, and Energy. ZWB is most exposed to Financials.
Which ETF is attracting more investor flows: ETSX or ZWB?
Year to date, ETSX has seen +$22.86 M in net flows, compared with +$10.50 M for ZWB. ETSX has attracted more net investor money so far.
How do the fees of ETSX and ZWB compare?
ETSX has an expense ratio of 0.69%, while ZWB has an expense ratio of 0.72%.
What are the top holdings of ETSX and ZWB?
ETSX's largest holdings include ROYAL BK CANADA, TORONTO DOMINION, and SHOPIFY SUBORDINATE VOTING. ZWB's top holdings include TORONTO DOMINION, ROYAL BK CANADA, and BNS.
Which ETF is more diversified: ETSX or ZWB?
ETSX holds 55 securities, while ZWB holds 6. On holdings count, ETSX is the more diversified portfolio.
Recent articles about ETSX and ZWB
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
3 Ways to Invest in Canadian Banks with ETFs
ETFs are a very capital-efficient way of gaining exposure to top Canadian bank stocks.
Posted on 2/20/2023 by Tony Dong inBanks
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.