VS
Compare BMO Canadian High Dividend Covered Call ETF (ZWC) vs Harvest Canadian Dividend Leaders Income ETF (HLIF) to find the best fit for your portfolio. ZWC provides Finance, Energy, and Non-Energy Materials exposures, while HLIF is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, ZWC features a management fee (MER) of 0.65%, compared to 0.65% for HLIF. Performance-wise, ZWC has returned 15.06% year-to-date with +$323 M in net flows, whereas HLIF is at 19.88% with +$50 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
HLIF
| AuM | $2,476.24 M | $204.54 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.72% | 0.79% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWC | -1.47% | +1.82% | +15.06% | +24.11% | +63.63% |
HLIF | -1.87% | +2.03% | +19.88% | +30.36% | +79.15% | |
| Flows | ZWC | +$23 M | +$111 M | +$323 M | +$369 M | +$290 M |
HLIF | +$10 M | +$29 M | +$50 M | +$53 M | +$57 M |
ZWC vs HLIF exposure
Countries
ZWC
Canada
98.15%
HLIF
Canada
90.40%
USA
9.47%
Sectors
ZWC
Finance
40.64%
Energy
22.76%
Non-Energy Materials
11.23%
Other
25.37%
HLIF
Finance
40.32%
Energy
23.67%
Utilities
12.64%
Other
23.37%
As of September 14, 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%
HLIF
Thomson Reuters Corp.
4.09%
Suncor Energy, Inc.
3.83%
Canadian Natural Resources Ltd.
3.65%
IGM Financial, Inc.
3.61%
Nutrien Ltd.
3.54%
Manulife Financial Corp.
3.52%
Power Corp of Canada
3.49%
Canadian Utilities Ltd.
3.43%
Sun Life Financial, Inc.
3.40%
Brookfield Asset Management Ltd.
3.37%
Diversification
ZWC
Total weight of top 10 holdings out of 39 total
51.92%
HLIF
Total weight of top 10 holdings out of 30 total
35.92%
Characteristics
Compare
ZWC
HLIF
| Provider | BMO | Harvest Portfolios Group |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.80% | 6.23% |
| Meets ESG criteria | No | No |
| Inception Date | February 9, 2017 | June 13, 2022 |
Frequently asked questions about ZWC and HLIF
Which ETF has performed better year to date: ZWC or HLIF?
As of September 14, 2026, ZWC has returned 15.06% year to date, while HLIF has returned 19.88%. HLIF is ahead on YTD performance.
Which ETF is larger by assets under management: ZWC or HLIF?
As of September 14, 2026, ZWC manages $2.48 B in assets, while HLIF manages $204.54 M. ZWC is the larger fund by AUM.
How are ZWC and HLIF managed?
ZWC is actively managed by BMO. It does not track an index. HLIF is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do ZWC and HLIF emphasize?
ZWC is most exposed to Finance, Energy, and Non-Energy Materials. HLIF is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: ZWC or HLIF?
Year to date, ZWC has seen +$323.07 M in net flows, compared with +$50.36 M for HLIF. ZWC has attracted more net investor money so far.
How do the fees of ZWC and HLIF compare?
ZWC has an expense ratio of 0.72%, while HLIF has an expense ratio of 0.79%.
What are the top holdings of ZWC and HLIF?
ZWC's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce. HLIF's top holdings include Thomson Reuters Corp., Suncor Energy, Inc., and Canadian Natural Resources Ltd..
Which ETF is more diversified: ZWC or HLIF?
ZWC holds 39 securities, while HLIF holds 30. On holdings count, ZWC is the more diversified portfolio.
Recent articles about ZWC and HLIF
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