VS
Compare BMO Canadian High Dividend Covered Call ETF (ZWC) vs Harvest Canadian Equity Income Leaders ETF (HLIF) to find the best fit for your portfolio. ZWC and HLIF provide the same top sector exposures: Financials, Energy, and Materials. When evaluating costs, ZWC features a management fee (MER) of 0.65%, compared to 0.65% for HLIF. Performance-wise, ZWC has returned 10.88% year-to-date with +$208 M in net flows, whereas HLIF is at 15.37% with +$21 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 | $2,311.21 M | $171.79 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.72% | 0.79% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWC | +1.23% | +4.53% | +10.88% | +28.02% | +61.44% |
HLIF | +2.02% | +7.77% | +15.37% | +36.15% | +73.52% | |
| Flows | ZWC | +$40 M | +$129 M | +$208 M | +$282 M | +$219 M |
HLIF | +$7 M | +$12 M | +$21 M | +$17 M | +$31 M |
ZWC vs HLIF exposure
Countries
ZWC
Canada
98.39%
HLIF
Canada
93.00%
Sectors
ZWC
Financials
37.04%
Energy
23.02%
Materials
10.11%
Utilities
8.89%
Other
7.10%
Other
13.85%
HLIF
Financials
33.20%
Energy
19.80%
Materials
10.50%
Other
10.30%
Utilities
9.80%
Other
16.40%
As of June 10, 2026
Top 10 Holdings
ZWC
ROYAL BK CANADA
7.17%
CDN IMPERIAL BK
5.89%
TORONTO DOMINION
5.89%
CDN NATURAL RESOURCE
5.70%
BNS
5.13%
SUNCOR ENERGY
5.00%
ENBRIDGE
4.93%
TC ENERGY CORP
3.99%
BANK OF MONTREAL
3.55%
FORTIS
3.36%
HLIF
BARRICK GOLD
3.60%
LUNDIN GOLD INC
3.60%
MAGNA INTERNATIONAL
3.50%
POWER CORPORATION OF CANADA
3.40%
SUNCOR ENERGY
3.40%
IGM FINANCIAL
3.40%
CENOVUS ENERGY
3.40%
TORONTO DOMINION
3.40%
ENBRIDGE
3.30%
GREAT WEST LIFECO
3.30%
Diversification
ZWC
Total weight of top 10 holdings out of 39 total
50.60%
HLIF
Total weight of top 10 holdings out of 28 total
34.30%
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 | 5.65% | 6.09% |
| 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 June 10, 2026, ZWC has returned 10.88% year to date, while HLIF has returned 15.37%. HLIF is ahead on YTD performance.
Which ETF is larger by assets under management: ZWC or HLIF?
As of June 10, 2026, ZWC manages $2.31 B in assets, while HLIF manages $171.79 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 Financials, Energy, and Materials. HLIF is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: ZWC or HLIF?
Year to date, ZWC has seen +$207.58 M in net flows, compared with +$21.14 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 BK CANADA and CDN IMPERIAL BK. HLIF's top holdings include BARRICK GOLD, LUNDIN GOLD INC, and MAGNA INTERNATIONAL.
Which ETF is more diversified: ZWC or HLIF?
ZWC holds 34 securities, while HLIF holds 28. On holdings count, ZWC is the more diversified portfolio.
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