VS
BMO Canadian High Dividend Covered Call ETF (ZWC) and iShares Canadian Fundamental Index ETF (CRQ) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZWC focuses its top 3 sector exposures on Finance, Energy, and Non-Energy Materials, while CRQ leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, ZWC features a management fee (MER) of 0.65%, compared to 0.65% for CRQ. Performance-wise, ZWC has returned 14.99% year-to-date with +$321 M in net flows, whereas CRQ is at 21.16% with +$12 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
ZWC
CRQ
| AuM | $2,472.55 M | $151.79 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.72% | 0.72% |
| Tracking Difference | - | -0.02% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWC | -0.15% | +2.78% | +14.99% | +23.86% | +67.02% |
CRQ | -0.62% | +3.42% | +21.16% | +33.72% | +105.03% | |
| Flows | ZWC | +$23 M | +$113 M | +$321 M | +$367 M | +$289 M |
CRQ | +$2 M | +$2 M | +$12 M | +$12 M | -$2 M |
ZWC vs CRQ exposure
Countries
ZWC
Canada
98.15%
CRQ
Canada
98.14%
Sectors
ZWC
Finance
40.64%
Energy
22.76%
Non-Energy Materials
11.23%
Other
25.37%
CRQ
Finance
48.70%
Energy
23.07%
Non-Energy Materials
8.63%
Other
19.61%
As of September 11, 2026
Top 10 Holdings
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%
CRQ
Royal Bank of Canada
8.88%
The Toronto-Dominion Bank
8.09%
The Bank of Nova Scotia
5.76%
Enbridge, Inc.
5.48%
Bank of Montreal
4.93%
Suncor Energy, Inc.
3.90%
Canadian Natural Resources Ltd.
3.86%
Canadian Imperial Bank of Commerce
3.85%
Manulife Financial Corp.
3.46%
Brookfield Corp.
2.82%
Diversification
ZWC
Total weight of top 10 holdings out of 39 total
51.92%
CRQ
Total weight of top 10 holdings out of 101 total
51.03%
Characteristics
Compare
ZWC
CRQ
| Provider | BMO | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | RAFI Fundamental Select Canada 100 Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.80% | 1.79% |
| Meets ESG criteria | No | No |
| Inception Date | February 9, 2017 | February 22, 2006 |
Frequently asked questions about ZWC and CRQ
Which ETF has performed better year to date: ZWC or CRQ?
As of September 11, 2026, ZWC has returned 14.99% year to date, while CRQ has returned 21.16%. CRQ is ahead on YTD performance.
Which ETF is larger by assets under management: ZWC or CRQ?
As of September 11, 2026, ZWC manages $2.47 B in assets, while CRQ manages $151.79 M. ZWC is the larger fund by AUM.
How are ZWC and CRQ managed?
ZWC is actively managed by BMO. It does not track an index. CRQ is passively managed by iShares. It tracks the RAFI Fundamental Select Canada 100 Index - CAD benchmark.
What sectors do ZWC and CRQ emphasize?
ZWC is most exposed to Finance, Energy, and Non-Energy Materials. CRQ is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZWC or CRQ?
Year to date, ZWC has seen +$320.80 M in net flows, compared with +$12.10 M for CRQ. ZWC has attracted more net investor money so far.
How do the fees of ZWC and CRQ compare?
ZWC has an expense ratio of 0.72%, while CRQ has an expense ratio of 0.72%.
What are the top holdings of ZWC and CRQ?
ZWC's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce. CRQ's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and The Bank of Nova Scotia.
Which ETF is more diversified: ZWC or CRQ?
ZWC holds 39 securities, while CRQ holds 100. On holdings count, CRQ is the more diversified portfolio.
Recent articles about ZWC and CRQ
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