VS
BMO Canadian High Dividend Covered Call ETF (ZWC) and BMO MSCI Canada Value Index ETF (ZVC) 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 ZVC leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, ZWC features a management fee (MER) of 0.65%, compared to 0.35% for ZVC. Performance-wise, ZWC has returned 14.99% year-to-date with +$321 M in net flows, whereas ZVC is at 21.93% with +$7 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
ZVC
| AuM | $2,472.55 M | $57.79 M |
| Management Fees | 0.65% | 0.35% |
| Exp. ratio | 0.72% | 0.40% |
| Tracking Difference | - | -0.61% |
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% |
ZVC | +0.83% | +5.45% | +21.93% | +35.54% | +89.74% | |
| Flows | ZWC | +$23 M | +$113 M | +$321 M | +$367 M | +$289 M |
ZVC | +$2 M | +$2 M | +$7 M | +$9 M | +$16 M |
ZWC vs ZVC exposure
Countries
ZWC
Canada
98.15%
ZVC
Canada
99.59%
Sectors
ZWC
Finance
40.64%
Energy
22.76%
Non-Energy Materials
11.23%
Other
25.37%
ZVC
Finance
41.53%
Energy
18.27%
Non-Energy Materials
13.84%
Industrials
8.49%
Technology
7.81%
Other
10.05%
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%
ZVC
The Toronto-Dominion Bank
7.89%
The Bank of Nova Scotia
7.14%
Bank of Montreal
6.25%
Manulife Financial Corp.
6.15%
Suncor Energy, Inc.
5.81%
CGI, Inc.
4.98%
Barrick Mining Corp.
4.78%
Canadian Natural Resources Ltd.
4.44%
Canadian Pacific Kansas City Ltd.
4.26%
Canadian Imperial Bank of Commerce
3.87%
Diversification
ZWC
Total weight of top 10 holdings out of 39 total
51.92%
ZVC
Total weight of top 10 holdings out of 50 total
55.56%
Characteristics
Compare
ZWC
ZVC
| Provider | BMO | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI Canada Enhanced Value Capped Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.80% | 1.88% |
| Meets ESG criteria | No | No |
| Inception Date | February 9, 2017 | October 4, 2017 |
Frequently asked questions about ZWC and ZVC
Which ETF has performed better year to date: ZWC or ZVC?
As of September 11, 2026, ZWC has returned 14.99% year to date, while ZVC has returned 21.93%. ZVC is ahead on YTD performance.
Which ETF is larger by assets under management: ZWC or ZVC?
As of September 11, 2026, ZWC manages $2.47 B in assets, while ZVC manages $57.79 M. ZWC is the larger fund by AUM.
How are ZWC and ZVC managed?
ZWC is actively managed by BMO. It does not track an index. ZVC is passively managed by BMO. It tracks the MSCI Canada Enhanced Value Capped Index - CAD benchmark.
What sectors do ZWC and ZVC emphasize?
ZWC is most exposed to Finance, Energy, and Non-Energy Materials. ZVC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZWC or ZVC?
Year to date, ZWC has seen +$320.80 M in net flows, compared with +$6.53 M for ZVC. ZWC has attracted more net investor money so far.
How do the fees of ZWC and ZVC compare?
ZWC has an expense ratio of 0.72%, while ZVC has an expense ratio of 0.40%.
What are the top holdings of ZWC and ZVC?
ZWC's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce. ZVC's top holdings include The Toronto-Dominion Bank, The Bank of Nova Scotia, and Bank of Montreal.
Which ETF is more diversified: ZWC or ZVC?
ZWC holds 39 securities, while ZVC holds 50. On holdings count, ZVC is the more diversified portfolio.
Recent articles about ZWC and ZVC
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