ZWC
BMO Canadian High Dividend Covered Call ETF

Full ZWC fund page
VS
HDIV
Hamilton Enhanced Multi-Sector Covered Call ETF

Full HDIV fund page

BMO Canadian High Dividend Covered Call ETF (ZWC) and Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV) 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 HDIV leans towards Finance, Energy, and Technology. When evaluating costs, ZWC features a management fee (MER) of 0.65%, compared to 0.65% for HDIV. Performance-wise, ZWC has returned 15.73% year-to-date with +$280 M in net flows, whereas HDIV is at 18.79% with +$454 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-1.00.01.02.03.04.0%Jun 29Jul 7Jul 14Jul 21Jul 28

Key Data

Historical performance and flows

As of July 28, 2026
1M3MYTD1Y3Y
Perf.
ZWC
+3.51%+7.38%+15.73%+30.50%+64.52%
HDIV
+0.47%+8.84%+18.79%+41.09%+105.10%
Flows
ZWC
+$36 M+$130 M+$280 M+$344 M+$288 M
HDIV
+$63 M+$188 M+$454 M+$695 M+$1,042 M

ZWC vs HDIV exposure

Countries

ZWC
Canada
97.69%
HDIV
Other
35.14%
Canada
33.76%
USA
28.21%

Sectors

ZWC
Finance
41.96%
Energy
21.33%
Non-Energy Materials
10.91%
Utilities
7.33%
Other
18.47%
HDIV
Other
35.14%
Finance
19.76%
Energy
14.11%
Technology
11.05%
Non-Energy Materials
11.04%
Other
8.89%
As of July 28, 2026

Top 10 Holdings

ZWC
Royal Bank of Canada
7.91%
The Toronto-Dominion Bank
6.64%
Canadian Imperial Bank of Commerce
6.04%
The Bank of Nova Scotia
5.86%
Enbridge, Inc.
5.16%
Canadian Natural Resources Ltd.
4.73%
TC Energy Corp.
4.30%
Bank of Montreal
4.01%
Suncor Energy, Inc.
3.92%
Fortis, Inc.
3.48%
HDIV
CA4073641082
20.20%
CA40736C1005
6.60%
Royal Bank of Canada
4.44%
CA40737J1049
3.55%
The Toronto-Dominion Bank
3.08%
Bank of Montreal
1.90%
CA40736A1049
1.75%
The Bank of Nova Scotia
1.64%
Canadian Imperial Bank of Commerce
1.63%
Brookfield Corp.
1.60%

Diversification

ZWC
Total weight of top 10 holdings out of 40 total
52.05%
HDIV
Total weight of top 10 holdings out of 94 total
46.40%

Characteristics

Compare
ZWC
HDIV
ProviderBMOHamilton ETFs
ManagementActively managedActively managed
Benchmark--
Replication Method
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield5.53%9.30%
Meets ESG criteriaNoNo
Inception DateFebruary 9, 2017July 19, 2021

Frequently asked questions about ZWC and HDIV

Which ETF has performed better year to date: ZWC or HDIV?
As of July 28, 2026, ZWC has returned 15.73% year to date, while HDIV has returned 18.79%. HDIV is ahead on YTD performance.
Which ETF is larger by assets under management: ZWC or HDIV?
As of July 28, 2026, ZWC manages $2.47 B in assets, while HDIV manages $1.78 B. ZWC is the larger fund by AUM.
How are ZWC and HDIV managed?
ZWC is actively managed by BMO. It does not track an index. HDIV is actively managed by Hamilton ETFs. It does not track an index.
What sectors do ZWC and HDIV emphasize?
ZWC is most exposed to Finance, Energy, and Non-Energy Materials. HDIV is most exposed to Finance, Energy, and Technology.
Which ETF is attracting more investor flows: ZWC or HDIV?
Year to date, ZWC has seen +$279.61 M in net flows, compared with +$454.15 M for HDIV. HDIV has attracted more net investor money so far.
How do the fees of ZWC and HDIV compare?
ZWC has an expense ratio of 0.72%, while HDIV has an expense ratio of 2.55%.
What are the top holdings of ZWC and HDIV?
ZWC's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce. HDIV's top holdings include Royal Bank of Canada and The Toronto-Dominion Bank.
Which ETF is more diversified: ZWC or HDIV?
ZWC holds 40 securities, while HDIV holds 90. On holdings count, HDIV is the more diversified portfolio.

Recent articles about ZWC and HDIV

CboeTrackinsight
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.

All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
diamonds