ZWC
BMO Canadian High Dividend Covered Call ETF

Full ZWC fund page
VS
ZWB
BMO Covered Call Canadian Banks ETF

Full ZWB fund page

Compare BMO Canadian High Dividend Covered Call ETF (ZWC) vs BMO Covered Call Canadian Banks ETF (ZWB) to find the best fit for your portfolio. ZWC provides Financials, Energy, and Materials exposures, while ZWB is primarily weighted in Financials. When evaluating costs, ZWC features a management fee (MER) of 0.65%, compared to 0.65% for ZWB. Performance-wise, ZWC has returned 7.81% year-to-date with +$148 M in net flows, whereas ZWB is at 10.55% with +$10 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-20246810%Mar 24Mar 31Apr 8Apr 15Apr 22

Key Data

Historical performance and flows

As of April 24, 2026
1M3MYTD1Y3Y
Perf.
ZWC
+3.34%+4.91%+7.81%+30.78%+49.39%
ZWB
+9.56%+9.84%+10.55%+54.48%+83.66%
Flows
ZWC
+$61 M+$127 M+$148 M+$233 M+$193 M
ZWB
-$9 M+$2 M+$10 M-$45 M-$148 M

ZWC vs ZWB exposure

Countries

ZWC
Canada
98.30%
ZWB
Canada
100.12%

Sectors

ZWC
Financials
34.20%
Energy
24.08%
Materials
10.84%
Utilities
9.26%
Other
7.17%
Communication Services
7.14%
Other
7.30%
ZWB
Financials
100.12%
As of April 24, 2026

Top 10 Holdings

ZWC
ROYAL BK CANADA
6.76%
CDN NATURAL RESOURCE
6.22%
TORONTO DOMINION
5.41%
CDN IMPERIAL BK
5.31%
ENBRIDGE
5.23%
SUNCOR ENERGY
5.13%
BNS
4.81%
TC ENERGY CORP
4.10%
AGNICO EAGLE MINES LTD
3.63%
NUTRIEN LTD
3.57%
ZWB
TORONTO DOMINION
16.89%
ROYAL BK CANADA
16.86%
BNS
16.70%
BANK OF MONTREAL
16.61%
NATIONAL BANK OF CANADA
16.60%
CDN IMPERIAL BK
16.45%

Diversification

ZWC
Total weight of top 10 holdings out of 39 total
50.18%
ZWB
Total weight of top 10 holdings out of 6 total
100.12%

Characteristics

Compare
ZWC
ZWB
ProviderBMOBMO
ManagementActively managedActively managed
Benchmark--
Replication Method
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield5.64%5.04%
Meets ESG criteriaNoNo
Inception DateFebruary 9, 2017January 28, 2011

Frequently asked questions about ZWC and ZWB

Which ETF has performed better year to date: ZWC or ZWB?
As of April 24, 2026, ZWC has returned 7.81% year to date, while ZWB has returned 10.55%. ZWB is ahead on YTD performance.
Which ETF is larger by assets under management: ZWC or ZWB?
As of April 24, 2026, ZWC manages $2.21 B in assets, while ZWB manages $4.15 B. ZWB is the larger fund by AUM.
How are ZWC and ZWB managed?
ZWC is actively managed by BMO. It does not track an index. ZWB is actively managed by BMO. It does not track an index.
What sectors do ZWC and ZWB emphasize?
ZWC is most exposed to Financials, Energy, and Materials. ZWB is most exposed to Financials.
Which ETF is attracting more investor flows: ZWC or ZWB?
Year to date, ZWC has seen +$147.89 M in net flows, compared with +$10.50 M for ZWB. ZWC has attracted more net investor money so far.
How do the fees of ZWC and ZWB compare?
ZWC has an expense ratio of 0.72%, while ZWB has an expense ratio of 0.72%.
What are the top holdings of ZWC and ZWB?
ZWC's largest holdings include ROYAL BK CANADA and CDN NATURAL RESOURCE. ZWB's top holdings include TORONTO DOMINION, ROYAL BK CANADA, and BNS.
Which ETF is more diversified: ZWC or ZWB?
ZWC holds 34 securities, while ZWB holds 6. On holdings count, ZWC is the more diversified portfolio.

Recent articles about ZWC and ZWB

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