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Compare Purpose Premium Yield Fund ETF (PYF) vs BMO Covered Call Canadian Banks ETF (ZWB) to find the best fit for your portfolio. PYF provides Technology, Consumer Non-Cyclicals, and Sovereign exposures, while ZWB is primarily weighted in Finance. When evaluating costs, PYF features a management fee (MER) of 0.6%, compared to 0.65% for ZWB. Performance-wise, PYF has returned 3.69% year-to-date with -$80 M in net flows, whereas ZWB is at 27.95% with +$46 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
PYF
ZWB
| AuM | $311.56 M | $4,715.57 M |
| Management Fees | 0.60% | 0.65% |
| Exp. ratio | 0.71% | 0.72% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PYF | +0.42% | +2.69% | +3.69% | +3.05% | +20.39% |
ZWB | -0.33% | +10.12% | +27.95% | +47.85% | +120.28% | |
| Flows | PYF | -$36 M | -$61 M | -$80 M | +$16 M | +$209 M |
ZWB | -$11 M | +$24 M | +$46 M | +$46 M | -$223 M |
PYF vs ZWB exposure
Countries
PYF
Other
86.39%
USA
11.86%
ZWB
Canada
100.03%
Sectors
PYF
Other
86.39%
Other
13.61%
ZWB
Finance
100.03%
As of September 3, 2026
Top 10 Holdings
PYF
CA74643B1031
85.04%
Microsoft Corp.
1.79%
Procter & Gamble Co.
1.24%
The Home Depot, Inc.
1.21%
Booking Holdings, Inc.
1.14%
Salesforce, Inc.
0.87%
Oracle Corp.
0.67%
NextEra Energy, Inc.
0.65%
ServiceNow, Inc.
0.52%
Alphabet, Inc.
0.45%
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
PYF
Total weight of top 10 holdings out of 350 total
93.58%
ZWB
Total weight of top 10 holdings out of 6 total
100.03%
Characteristics
Compare
PYF
ZWB
| Provider | Purpose Investments | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.28% | 5.15% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2016 | January 28, 2011 |
Frequently asked questions about PYF and ZWB
Which ETF has performed better year to date: PYF or ZWB?
As of September 3, 2026, PYF has returned 3.69% year to date, while ZWB has returned 27.95%. ZWB is ahead on YTD performance.
Which ETF is larger by assets under management: PYF or ZWB?
As of September 3, 2026, PYF manages $311.56 M in assets, while ZWB manages $4.72 B. ZWB is the larger fund by AUM.
How are PYF and ZWB managed?
PYF is actively managed by Purpose Investments. It does not track an index. ZWB is actively managed by BMO. It does not track an index.
What sectors do PYF and ZWB emphasize?
PYF is most exposed to Technology, Consumer Non-Cyclicals, and Sovereign. ZWB is most exposed to Finance.
Which ETF is attracting more investor flows: PYF or ZWB?
Year to date, PYF has seen -$79.57 M in net flows, compared with +$45.69 M for ZWB. ZWB has attracted more net investor money so far.
How do the fees of PYF and ZWB compare?
PYF has an expense ratio of 0.71%, while ZWB has an expense ratio of 0.72%.
What are the top holdings of PYF and ZWB?
PYF's largest holdings include Microsoft Corp. and Procter & Gamble Co.. ZWB's top holdings include Bank of Montreal, Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: PYF or ZWB?
PYF holds 350 securities, while ZWB holds 6. On holdings count, PYF is the more diversified portfolio.
Recent articles about PYF and ZWB
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