VS
BMO Canadian Dividend ETF (ZDV) and BMO Canadian High Dividend Covered Call ETF (ZWC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZDV focuses its top 3 sector exposures on Finance, Energy, and Non-Energy Materials, while ZWC leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, ZDV features a management fee (MER) of 0.35%, compared to 0.65% for ZWC. Performance-wise, ZDV has returned 22.86% year-to-date with +$173 M in net flows, whereas ZWC is at 15.07% with +$270 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
ZDV
ZWC
| AuM | $1,900.53 M | $2,449.79 M |
| Management Fees | 0.35% | 0.65% |
| Exp. ratio | 0.39% | 0.72% |
| Tracking Difference | - | - |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZDV | +2.14% | +8.88% | +22.86% | +41.74% | +94.82% |
ZWC | +2.30% | +6.54% | +15.07% | +29.93% | +65.89% | |
| Flows | ZDV | +$36 M | +$119 M | +$173 M | +$248 M | +$208 M |
ZWC | +$56 M | +$133 M | +$270 M | +$341 M | +$277 M |
ZDV vs ZWC exposure
Countries
ZDV
Canada
95.28%
ZWC
Canada
97.76%
Sectors
ZDV
Finance
39.98%
Energy
25.90%
Non-Energy Materials
11.08%
Utilities
7.98%
Other
15.06%
ZWC
Finance
39.70%
Energy
22.52%
Non-Energy Materials
12.29%
Other
25.49%
As of July 17, 2026
Top 10 Holdings
ZDV
Royal Bank of Canada
7.80%
The Toronto-Dominion Bank
6.97%
Enbridge, Inc.
5.06%
The Bank of Nova Scotia
4.67%
Canadian Imperial Bank of Commerce
4.65%
Canadian Natural Resources Ltd.
4.40%
Bank of Montreal
3.02%
Suncor Energy, Inc.
2.86%
TC Energy Corp.
2.55%
Brookfield Infrastructure Partners LP
2.45%
ZWC
Royal Bank of Canada
7.48%
The Toronto-Dominion Bank
6.16%
Canadian Imperial Bank of Commerce
5.67%
Canadian Natural Resources Ltd.
5.44%
The Bank of Nova Scotia
5.32%
Enbridge, Inc.
5.04%
Suncor Energy, Inc.
4.53%
TC Energy Corp.
4.14%
Bank of Montreal
3.80%
Fortis, Inc.
3.29%
Diversification
ZDV
Total weight of top 10 holdings out of 65 total
44.41%
ZWC
Total weight of top 10 holdings out of 39 total
50.88%
Characteristics
Frequently asked questions about ZDV and ZWC
Which ETF has performed better year to date: ZDV or ZWC?
As of July 17, 2026, ZDV has returned 22.86% year to date, while ZWC has returned 15.07%. ZDV is ahead on YTD performance.
Which ETF is larger by assets under management: ZDV or ZWC?
As of July 17, 2026, ZDV manages $1.90 B in assets, while ZWC manages $2.45 B. ZWC is the larger fund by AUM.
How are ZDV and ZWC managed?
ZDV is actively managed by BMO. It does not track an index. ZWC is actively managed by BMO. It does not track an index.
What sectors do ZDV and ZWC emphasize?
ZDV is most exposed to Finance, Energy, and Non-Energy Materials. ZWC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZDV or ZWC?
Year to date, ZDV has seen +$172.77 M in net flows, compared with +$270.44 M for ZWC. ZWC has attracted more net investor money so far.
How do the fees of ZDV and ZWC compare?
ZDV has an expense ratio of 0.39%, while ZWC has an expense ratio of 0.72%.
What are the top holdings of ZDV and ZWC?
ZDV's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Enbridge, Inc.. ZWC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce.
Which ETF is more diversified: ZDV or ZWC?
ZDV holds 65 securities, while ZWC holds 39. On holdings count, ZDV is the more diversified portfolio.
Recent articles about ZDV and ZWC
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