VS
BMO US High Dividend Covered Call ETF (ZWH) and CI Invesco RAFI U.S. Index ETF II (PXS) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZWH focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while PXS leans towards Technology, Finance, and Healthcare. When evaluating costs, ZWH features a management fee (MER) of 0.65%, compared to 0.44% for PXS. Performance-wise, ZWH has returned 12.91% year-to-date with -$1 M in net flows, whereas PXS is at 21.39% with +$8 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
ZWH
PXS
| AuM | $1,149.87 M | $55.66 M |
| Management Fees | 0.65% | 0.44% |
| Exp. ratio | 0.71% | 0.45% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWH | -0.21% | +0.30% | +12.91% | +16.27% | +44.66% |
PXS | -0.37% | +2.25% | +21.39% | +25.91% | +82.25% | |
| Flows | ZWH | +$8 M | +$21 M | -$1 M | -$10 M | -$95 M |
PXS | +$0 M | +$1 M | +$8 M | +$8 M | -$16 M |
ZWH vs PXS exposure
Countries
ZWH
USA
98.33%
PXS
USA
97.37%
Sectors
ZWH
Technology
31.11%
Finance
17.44%
Consumer Non-Cyclicals
10.70%
Healthcare
9.64%
Energy
8.52%
Other
22.58%
PXS
Technology
24.48%
Finance
19.58%
Healthcare
12.50%
Consumer Non-Cyclicals
9.64%
Industrials
8.06%
Energy
7.97%
Other
17.77%
As of September 18, 2026
Top 10 Holdings
ZWH
AbbVie, Inc.
5.32%
Apple, Inc.
5.27%
Merck & Co., Inc.
4.32%
JPMorgan Chase & Co.
4.29%
Bank of America Corp.
4.14%
Broadcom Inc.
4.13%
Cisco Systems, Inc.
4.12%
Chevron Corp.
3.73%
ExxonMobil Holdings Corp.
3.26%
CVS Health Corp.
3.02%
PXS
Apple, Inc.
4.79%
Alphabet, Inc.
3.49%
Microsoft Corp.
2.23%
Amazon.com, Inc.
1.97%
ExxonMobil Holdings Corp.
1.89%
Berkshire Hathaway, Inc.
1.83%
JPMorgan Chase & Co.
1.69%
Intel Corp.
1.62%
Meta Platforms, Inc.
1.46%
UnitedHealth Group, Inc.
1.36%
Diversification
ZWH
Total weight of top 10 holdings out of 40 total
41.61%
PXS
Total weight of top 10 holdings out of 999 total
22.33%
Characteristics
Compare
ZWH
PXS
| Provider | BMO | CI |
| Management | Actively managed | Passively managed |
| Benchmark | - | RAFI Fundamental Select US 1000 Index - USD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.01% | 1.19% |
| Meets ESG criteria | No | No |
| Inception Date | February 14, 2014 | April 14, 2015 |
Frequently asked questions about ZWH and PXS
Which ETF has performed better year to date: ZWH or PXS?
As of September 18, 2026, ZWH has returned 12.91% year to date, while PXS has returned 21.39%. PXS is ahead on YTD performance.
Which ETF is larger by assets under management: ZWH or PXS?
As of September 18, 2026, ZWH manages $1.15 B in assets, while PXS manages $55.66 M. ZWH is the larger fund by AUM.
How are ZWH and PXS managed?
ZWH is actively managed by BMO. It does not track an index. PXS is passively managed by CI. It tracks the RAFI Fundamental Select US 1000 Index - USD benchmark.
What sectors do ZWH and PXS emphasize?
ZWH is most exposed to Technology, Finance, and Consumer Non-Cyclicals. PXS is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: ZWH or PXS?
Year to date, ZWH has seen -$0.97 M in net flows, compared with +$7.72 M for PXS. PXS has attracted more net investor money so far.
How do the fees of ZWH and PXS compare?
ZWH has an expense ratio of 0.71%, while PXS has an expense ratio of 0.45%.
What are the top holdings of ZWH and PXS?
ZWH's largest holdings include AbbVie, Inc., Apple, Inc., and Merck & Co., Inc.. PXS's top holdings include Apple, Inc., Alphabet, Inc., and Microsoft Corp..
Which ETF is more diversified: ZWH or PXS?
ZWH holds 40 securities, while PXS holds 999. On holdings count, PXS is the more diversified portfolio.
Recent articles about ZWH and PXS
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