ZWH vs ZWC: Which ETF Is Better for Canadian Investors?

ZWH

BMO US High Dividend Covered Call ETF

ZWC

BMO Canadian High Dividend Covered Call ETF

Compare BMO US High Dividend Covered Call ETF (ZWH) vs BMO Canadian High Dividend Covered Call ETF (ZWC) to find the best fit for your portfolio. ZWH provides Technology, Finance, and Consumer Non-Cyclicals exposures, while ZWC is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, ZWH features a management fee (MER) of 0.65%, compared to 0.65% for ZWC. Performance-wise, ZWH has returned 11.88% year-to-date with -$18 M in net flows, whereas ZWC is at 15.51% with +$289 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

ZWC

AuM	$1,128.10 M	$2,464.84 M
Management Fees	0.65%	0.65%
Exp. ratio	0.71%	0.72%
Tracking Difference	-	-

How good is ZWH ETF? Find full ZWH data and analysis, plus professional ETF selection, comparison, and portfolio tools, on Trackinsight

How good is ZWC ETF? Find full ZWC data and analysis, plus professional ETF selection, comparison, and portfolio tools, on Trackinsight

Historical performance and flows

As of July 30, 2026

		1M	3M	YTD	1Y	3Y
Perf.	ZWH	-0.53%	+5.44%	+11.88%	+18.81%	+43.52%
Perf.	ZWC	+3.44%	+5.83%	+15.51%	+30.17%	+63.57%
Flows	ZWH	+$4 M	+$16 M	-$18 M	-$41 M	-$111 M
Flows	ZWC	+$43 M	+$136 M	+$289 M	+$350 M	+$299 M

ZWH vs ZWC exposure

Countries

ZWH

USA

98.42%

ZWC

Canada

97.69%

Sectors

ZWH

Technology

31.86%

Finance

16.93%

Consumer Non-Cyclicals

10.58%

Healthcare

9.68%

Energy

7.70%

Other

23.26%

ZWC

Finance

41.96%

Energy

21.33%

Non-Energy Materials

10.91%

Utilities

7.33%

Other

18.47%

As of July 30, 2026

More data on global ETFs and tools for fund selection at Trackinsight

Top 10 Holdings

ZWH

AbbVie, Inc.

5.33%

Apple, Inc.

4.48%

Merck & Co., Inc.

4.36%

Cisco Systems, Inc.

4.27%

JPMorgan Chase & Co.

4.06%

Broadcom Inc.

3.96%

Bank of America Corp.

3.89%

QUALCOMM, Inc.

3.28%

Chevron Corp.

3.26%

International Business Machines Corp.

3.04%

ZWC

Royal Bank of Canada

7.91%

The Toronto-Dominion Bank

6.64%

Canadian Imperial Bank of Commerce

6.04%

The Bank of Nova Scotia

5.86%

Enbridge, Inc.

5.16%

Canadian Natural Resources Ltd.

4.73%

TC Energy Corp.

4.30%

Bank of Montreal

4.01%

Suncor Energy, Inc.

3.92%

Fortis, Inc.

3.48%

Diversification

ZWH

Total weight of top 10 holdings out of 40 total

39.91%

ZWC

Total weight of top 10 holdings out of 40 total

52.05%

Characteristics

Compare

ZWH

ZWC

Provider	BMO	BMO
Management	Actively managed	Actively managed
Benchmark	-	-
Replication Method
Asset Class	Equity	Equity
Dividend Policy	Distributing	Distributing
Trailing 12m distribution yield	5.99%	5.66%
Meets ESG criteria	No	No
Inception Date	February 14, 2014	February 9, 2017

Frequently asked questions about ZWH and ZWC

Which ETF has performed better year to date: ZWH or ZWC?

As of July 30, 2026, ZWH has returned 11.88% year to date, while ZWC has returned 15.51%. ZWC is ahead on YTD performance.

Which ETF is larger by assets under management: ZWH or ZWC?

As of July 30, 2026, ZWH manages $1.13 B in assets, while ZWC manages $2.46 B. ZWC is the larger fund by AUM.

How are ZWH and ZWC managed?

ZWH is actively managed by BMO. It does not track an index. ZWC is actively managed by BMO. It does not track an index.

What sectors do ZWH and ZWC emphasize?

ZWH is most exposed to Technology, Finance, and Consumer Non-Cyclicals. ZWC is most exposed to Finance, Energy, and Non-Energy Materials.

Which ETF is attracting more investor flows: ZWH or ZWC?

Year to date, ZWH has seen -$18.34 M in net flows, compared with +$288.75 M for ZWC. ZWC has attracted more net investor money so far.

How do the fees of ZWH and ZWC compare?

ZWH has an expense ratio of 0.71%, while ZWC has an expense ratio of 0.72%.

What are the top holdings of ZWH and ZWC?

ZWH's largest holdings include AbbVie, Inc., Apple, Inc., and Merck & Co., Inc.. ZWC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce.

Which ETF is more diversified: ZWH or ZWC?

ZWH holds 40 securities, while ZWC holds 40. On holdings count, ZWH is the more diversified portfolio.

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ZWH vs ZWC ETF Comparison