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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 Finance, Energy, and Non-Energy Materials exposures, while ZWB is primarily weighted in Finance. When evaluating costs, ETSX features a management fee (MER) of 0.6%, compared to 0.65% for ZWB. Performance-wise, ETSX has returned 9.99% year-to-date with +$40 M in net flows, whereas ZWB is at 25.86% with +$38 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 | $131.69 M | $4,631.10 M |
| Management Fees | 0.60% | 0.65% |
| Exp. ratio | 0.69% | 0.72% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ETSX | -2.70% | +2.84% | +9.99% | +18.07% | +65.91% |
ZWB | -2.07% | +4.46% | +25.86% | +43.03% | +118.51% | |
| Flows | ETSX | +$4 M | +$11 M | +$40 M | +$53 M | +$107 M |
ZWB | -$20 M | +$28 M | +$38 M | +$35 M | -$244 M |
ETSX vs ZWB exposure
Countries
ETSX
Canada
96.92%
ZWB
Canada
100.03%
Sectors
ETSX
Finance
46.83%
Energy
17.64%
Non-Energy Materials
11.66%
Other
23.88%
ZWB
Finance
100.03%
As of September 10, 2026
Top 10 Holdings
ETSX
Royal Bank of Canada
9.92%
The Toronto-Dominion Bank
6.78%
Shopify, Inc.
4.84%
Bank of Montreal
4.25%
Enbridge, Inc.
4.06%
Canadian Imperial Bank of Commerce
3.76%
The Bank of Nova Scotia
3.64%
Canadian Natural Resources Ltd.
3.50%
Brookfield Corp.
3.11%
Suncor Energy, Inc.
2.77%
ZWB
Bank of Montreal
17.17%
Royal Bank of Canada
17.06%
The Toronto-Dominion Bank
16.82%
The Bank of Nova Scotia
16.57%
National Bank of Canada
16.29%
Canadian Imperial Bank of Commerce
16.13%
Diversification
ETSX
Total weight of top 10 holdings out of 60 total
46.64%
ZWB
Total weight of top 10 holdings out of 6 total
100.03%
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 | 8.44% | 5.24% |
| 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 September 10, 2026, ETSX has returned 9.99% year to date, while ZWB has returned 25.86%. ZWB is ahead on YTD performance.
Which ETF is larger by assets under management: ETSX or ZWB?
As of September 10, 2026, ETSX manages $131.69 M in assets, while ZWB manages $4.63 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 Finance, Energy, and Non-Energy Materials. ZWB is most exposed to Finance.
Which ETF is attracting more investor flows: ETSX or ZWB?
Year to date, ETSX has seen +$39.59 M in net flows, compared with +$38.08 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 Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc.. ZWB's top holdings include Bank of Montreal, Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: ETSX or ZWB?
ETSX holds 60 securities, while ZWB holds 6. On holdings count, ETSX is the more diversified portfolio.
Recent articles about ETSX and ZWB
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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.