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Compare Purpose Premium Yield Fund ETF (PYF) vs BMO Canadian High Dividend Covered Call ETF (ZWC) to find the best fit for your portfolio. PYF provides Technology, Consumer Non-Cyclicals, and Sovereign exposures, while ZWC is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, PYF features a management fee (MER) of 0.6%, compared to 0.65% for ZWC. Performance-wise, PYF has returned 3.69% year-to-date with -$80 M in net flows, whereas ZWC is at 16.69% 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
PYF
ZWC
| AuM | $311.56 M | $2,509.14 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% |
ZWC | +1.64% | +3.95% | +16.69% | +26.85% | +68.13% | |
| Flows | PYF | -$36 M | -$61 M | -$80 M | +$16 M | +$209 M |
ZWC | +$32 M | +$120 M | +$321 M | +$370 M | +$293 M |
PYF vs ZWC exposure
Countries
PYF
Other
86.39%
USA
11.86%
ZWC
Canada
98.15%
Sectors
PYF
Other
86.39%
Other
13.61%
ZWC
Finance
40.64%
Energy
22.76%
Non-Energy Materials
11.23%
Other
25.37%
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%
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
PYF
Total weight of top 10 holdings out of 350 total
93.58%
ZWC
Total weight of top 10 holdings out of 39 total
51.92%
Characteristics
Compare
PYF
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 | 6.28% | 5.72% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2016 | February 9, 2017 |
Frequently asked questions about PYF and ZWC
Which ETF has performed better year to date: PYF or ZWC?
As of September 3, 2026, PYF has returned 3.69% year to date, while ZWC has returned 16.69%. ZWC is ahead on YTD performance.
Which ETF is larger by assets under management: PYF or ZWC?
As of September 3, 2026, PYF manages $311.56 M in assets, while ZWC manages $2.51 B. ZWC is the larger fund by AUM.
How are PYF and ZWC managed?
PYF 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 PYF and ZWC emphasize?
PYF is most exposed to Technology, Consumer Non-Cyclicals, and Sovereign. ZWC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: PYF or ZWC?
Year to date, PYF has seen -$79.57 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 PYF and ZWC compare?
PYF has an expense ratio of 0.71%, while ZWC has an expense ratio of 0.72%.
What are the top holdings of PYF and ZWC?
PYF's largest holdings include Microsoft Corp. and Procter & Gamble Co.. ZWC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce.
Which ETF is more diversified: PYF or ZWC?
PYF holds 350 securities, while ZWC holds 39. On holdings count, PYF is the more diversified portfolio.
Recent articles about PYF and ZWC
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