VS
BMO Long Short US Equity ETF (ZLSU) and BMO Canadian High Dividend Covered Call ETF (ZWC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZLSU focuses its top 3 sector exposures on Sovereign, Technology, and Finance, while ZWC leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, ZLSU features a management fee (MER) of 0.73%, compared to 0.65% for ZWC. Performance-wise, ZLSU has returned 10.24% year-to-date with +$113 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
ZLSU
ZWC
| AuM | $220.98 M | $2,509.14 M |
| Management Fees | 0.73% | 0.65% |
| Exp. ratio | 0.72% | 0.72% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLSU | -1.18% | +1.80% | +10.24% | +8.17% | - |
ZWC | +1.64% | +3.95% | +16.69% | +26.85% | +68.13% | |
| Flows | ZLSU | -$1 M | +$19 M | +$113 M | +$114 M | - |
ZWC | +$32 M | +$120 M | +$321 M | +$370 M | +$293 M |
ZLSU vs ZWC exposure
Countries
ZLSU
USA
97.51%
ZWC
Canada
98.15%
Sectors
ZLSU
Sovereign
49.29%
Technology
22.36%
Finance
10.88%
Consumer Non-Cyclicals
8.17%
Other
9.30%
ZWC
Finance
40.64%
Energy
22.76%
Non-Energy Materials
11.23%
Other
25.37%
As of September 4, 2026
Top 10 Holdings
ZLSU
Apple, Inc.
5.58%
USA, Bills 0% 13may2027, USD (364D)
4.61%
USA, Bills 0% 18mar2027, USD (364D)
4.24%
USA, Bills 0% 15apr2027, USD (364D)
4.22%
USA, Bills 0% 10jun2027, USD (364D)
3.58%
USA, Bills 0% 21jan2027, USD (364D)
3.55%
USA, Bills 0% 18feb2027, USD (364D)
3.24%
NVIDIA Corp.
3.12%
USA, Bills 0% 11aug2026, USD (119D)
2.93%
USA, Bills 0% 1oct2026, USD (364D)
2.81%
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
ZLSU
Total weight of top 10 holdings out of 209 total
37.87%
ZWC
Total weight of top 10 holdings out of 39 total
51.92%
Characteristics
Frequently asked questions about ZLSU and ZWC
Which ETF has performed better year to date: ZLSU or ZWC?
As of September 4, 2026, ZLSU has returned 10.24% year to date, while ZWC has returned 16.69%. ZWC is ahead on YTD performance.
Which ETF is larger by assets under management: ZLSU or ZWC?
As of September 4, 2026, ZLSU manages $220.98 M in assets, while ZWC manages $2.51 B. ZWC is the larger fund by AUM.
How are ZLSU and ZWC managed?
ZLSU 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 ZLSU and ZWC emphasize?
ZLSU is most exposed to Sovereign, Technology, and Finance. ZWC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZLSU or ZWC?
Year to date, ZLSU has seen +$113.49 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 ZLSU and ZWC compare?
ZLSU has an expense ratio of 0.72%, while ZWC has an expense ratio of 0.72%.
What are the top holdings of ZLSU and ZWC?
ZLSU's largest holdings include Apple, Inc., USA, Bills 0% 13may2027, USD (364D), and USA, Bills 0% 18mar2027, USD (364D). ZWC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce.
Which ETF is more diversified: ZLSU or ZWC?
ZLSU holds 208 securities, while ZWC holds 39. On holdings count, ZLSU is the more diversified portfolio.
Recent articles about ZLSU and ZWC
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