VS
Purpose Core Dividend Fund ETF (PDF) and BMO Canadian High Dividend Covered Call ETF (ZWC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that PDF focuses its top 3 sector exposures on Finance, Energy, and Healthcare, while ZWC leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, PDF features a management fee (MER) of 0.55%, compared to 0.65% for ZWC. Performance-wise, PDF has returned 19.79% year-to-date with -$36 M in net flows, whereas ZWC is at 15.59% with +$325 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
PDF
ZWC
| AuM | $250.16 M | $2,489.85 M |
| Management Fees | 0.55% | 0.65% |
| Exp. ratio | 0.66% | 0.72% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PDF | -1.01% | +3.11% | +19.79% | +27.11% | +68.82% |
ZWC | -0.77% | +3.13% | +15.59% | +24.89% | +64.55% | |
| Flows | PDF | -$0 M | +$1 M | -$36 M | +$9 M | +$8 M |
ZWC | +$23 M | +$109 M | +$325 M | +$371 M | +$296 M |
PDF vs ZWC exposure
Countries
PDF
Canada
70.83%
USA
21.43%
Other
7.75%
ZWC
Canada
98.15%
Sectors
PDF
Finance
36.43%
Energy
13.65%
Other
7.75%
Healthcare
7.52%
Other
34.65%
ZWC
Finance
40.64%
Energy
22.76%
Non-Energy Materials
11.23%
Other
25.37%
As of September 18, 2026
Top 10 Holdings
PDF
The Bank of Nova Scotia
5.46%
Royal Bank of Canada
5.29%
Canadian Imperial Bank of Commerce
4.91%
Manulife Financial Corp.
4.52%
Enbridge, Inc.
3.62%
Power Corp of Canada
3.61%
TC Energy Corp.
3.44%
Bank of Montreal
3.02%
Great-West Lifeco, Inc.
2.83%
Pembina Pipeline Corp.
2.83%
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
PDF
Total weight of top 10 holdings out of 52 total
39.53%
ZWC
Total weight of top 10 holdings out of 39 total
51.92%
Characteristics
Compare
PDF
ZWC
| Provider | Purpose Investments | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.57% | 5.77% |
| Meets ESG criteria | No | No |
| Inception Date | September 3, 2013 | February 9, 2017 |
Frequently asked questions about PDF and ZWC
Which ETF has performed better year to date: PDF or ZWC?
As of September 18, 2026, PDF has returned 19.79% year to date, while ZWC has returned 15.59%. PDF is ahead on YTD performance.
Which ETF is larger by assets under management: PDF or ZWC?
As of September 18, 2026, PDF manages $250.16 M in assets, while ZWC manages $2.49 B. ZWC is the larger fund by AUM.
How are PDF and ZWC managed?
PDF is actively managed by Purpose Investments. It does not track an index. ZWC is actively managed by BMO. It does not track an index.
What sectors do PDF and ZWC emphasize?
PDF is most exposed to Finance, Energy, and Healthcare. ZWC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: PDF or ZWC?
Year to date, PDF has seen -$36.31 M in net flows, compared with +$325.33 M for ZWC. ZWC has attracted more net investor money so far.
How do the fees of PDF and ZWC compare?
PDF has an expense ratio of 0.66%, while ZWC has an expense ratio of 0.72%.
What are the top holdings of PDF and ZWC?
PDF's largest holdings include The Bank of Nova Scotia, Royal Bank of Canada, and Canadian Imperial Bank of Commerce. ZWC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce.
Which ETF is more diversified: PDF or ZWC?
PDF holds 52 securities, while ZWC holds 39. On holdings count, PDF is the more diversified portfolio.
Recent articles about PDF 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.