VS
Compare Harvest Canadian Dividend Leaders Income ETF (HLIF) vs BMO Canadian High Dividend Covered Call ETF (ZWC) to find the best fit for your portfolio. HLIF provides Finance, Energy, and Utilities exposures, while ZWC is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, HLIF features a management fee (MER) of 0.65%, compared to 0.65% for ZWC. Performance-wise, HLIF has returned 19.21% year-to-date with +$47 M in net flows, whereas ZWC is at 14.67% with +$321 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
HLIF
ZWC
| AuM | $199.91 M | $2,465.72 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.79% | 0.72% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HLIF | -0.66% | +3.33% | +19.21% | +30.28% | +81.28% |
ZWC | -0.08% | +3.42% | +14.67% | +24.21% | +66.56% | |
| Flows | HLIF | +$6 M | +$26 M | +$47 M | +$49 M | +$54 M |
ZWC | +$23 M | +$113 M | +$321 M | +$369 M | +$289 M |
HLIF vs ZWC exposure
Countries
HLIF
Canada
90.40%
USA
9.47%
ZWC
Canada
98.15%
Sectors
HLIF
Finance
40.32%
Energy
23.67%
Utilities
12.64%
Other
23.37%
ZWC
Finance
40.64%
Energy
22.76%
Non-Energy Materials
11.23%
Other
25.37%
As of September 10, 2026
Top 10 Holdings
HLIF
Thomson Reuters Corp.
4.09%
Suncor Energy, Inc.
3.83%
Canadian Natural Resources Ltd.
3.65%
IGM Financial, Inc.
3.61%
Nutrien Ltd.
3.54%
Manulife Financial Corp.
3.52%
Power Corp of Canada
3.49%
Canadian Utilities Ltd.
3.43%
Sun Life Financial, Inc.
3.40%
Brookfield Asset Management Ltd.
3.37%
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
HLIF
Total weight of top 10 holdings out of 30 total
35.92%
ZWC
Total weight of top 10 holdings out of 39 total
51.92%
Characteristics
Compare
HLIF
ZWC
| Provider | Harvest Portfolios Group | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.27% | 5.82% |
| Meets ESG criteria | No | No |
| Inception Date | June 13, 2022 | February 9, 2017 |
Frequently asked questions about HLIF and ZWC
Which ETF has performed better year to date: HLIF or ZWC?
As of September 10, 2026, HLIF has returned 19.21% year to date, while ZWC has returned 14.67%. HLIF is ahead on YTD performance.
Which ETF is larger by assets under management: HLIF or ZWC?
As of September 10, 2026, HLIF manages $199.91 M in assets, while ZWC manages $2.47 B. ZWC is the larger fund by AUM.
How are HLIF and ZWC managed?
HLIF is actively managed by Harvest Portfolios Group. It does not track an index. ZWC is actively managed by BMO. It does not track an index.
What sectors do HLIF and ZWC emphasize?
HLIF is most exposed to Finance, Energy, and Utilities. ZWC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: HLIF or ZWC?
Year to date, HLIF has seen +$46.87 M in net flows, compared with +$320.80 M for ZWC. ZWC has attracted more net investor money so far.
How do the fees of HLIF and ZWC compare?
HLIF has an expense ratio of 0.79%, while ZWC has an expense ratio of 0.72%.
What are the top holdings of HLIF and ZWC?
HLIF's largest holdings include Thomson Reuters Corp., Suncor Energy, Inc., and Canadian Natural Resources Ltd.. ZWC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce.
Which ETF is more diversified: HLIF or ZWC?
HLIF holds 30 securities, while ZWC holds 39. On holdings count, ZWC is the more diversified portfolio.
Recent articles about HLIF and ZWC
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