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BMO Covered Call Technology ETF (ZWT) and Evolve NASDAQ Technology Index Fund (QQQT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZWT focuses its top 3 sector exposures on Technology, Consumer Non-Cyclicals, and Business Services, while QQQT leans towards Technology, Business Services, and Finance. When evaluating costs, ZWT features a management fee (MER) of 0.65%, compared to 0.25% for QQQT. Performance-wise, ZWT has returned 16.11% year-to-date with -$5 M in net flows, whereas QQQT is at 25.93% 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
ZWT
QQQT
| AuM | $212.19 M | $153.99 M |
| Management Fees | 0.65% | 0.25% |
| Exp. ratio | 0.71% | 0.46% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWT | -1.01% | +0.93% | +16.11% | +23.03% | +120.60% |
QQQT | -0.45% | +1.78% | +25.93% | +37.40% | +147.52% | |
| Flows | ZWT | +$3 M | -$23 M | -$5 M | +$1 M | +$35 M |
QQQT | +$2 M | +$10 M | +$21 M | +$40 M | +$95 M |
ZWT vs QQQT exposure
Countries
ZWT
USA
99.05%
QQQT
USA
95.14%
Sectors
ZWT
Technology
89.26%
Consumer Non-Cyclicals
7.94%
QQQT
Technology
96.17%
As of September 8, 2026
Top 10 Holdings
ZWT
Apple, Inc.
9.60%
Microsoft Corp.
9.39%
Broadcom Inc.
8.13%
NVIDIA Corp.
8.00%
Amazon.com, Inc.
7.94%
Alphabet, Inc.
7.44%
Meta Platforms, Inc.
7.19%
Micron Technology, Inc.
6.39%
Advanced Micro Devices, Inc.
4.46%
Cisco Systems, Inc.
2.78%
QQQT
Microsoft Corp.
11.46%
Apple, Inc.
10.92%
NVIDIA Corp.
10.27%
Broadcom Inc.
9.26%
Meta Platforms, Inc.
7.29%
Alphabet, Inc.
5.33%
Micron Technology, Inc.
5.12%
Alphabet, Inc.
4.99%
Advanced Micro Devices, Inc.
4.51%
Intel Corp.
2.47%
Diversification
ZWT
Total weight of top 10 holdings out of 30 total
71.33%
QQQT
Total weight of top 10 holdings out of 47 total
71.61%
Characteristics
Compare
ZWT
QQQT
| Provider | BMO | Evolve ETFs |
| Management | Actively managed | Passively managed |
| Benchmark | - | Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index - USD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.04% | 0.24% |
| Meets ESG criteria | No | No |
| Inception Date | January 26, 2021 | July 11, 2023 |
Frequently asked questions about ZWT and QQQT
Which ETF has performed better year to date: ZWT or QQQT?
As of September 8, 2026, ZWT has returned 16.11% year to date, while QQQT has returned 25.93%. QQQT is ahead on YTD performance.
Which ETF is larger by assets under management: ZWT or QQQT?
As of September 8, 2026, ZWT manages $212.19 M in assets, while QQQT manages $153.99 M. ZWT is the larger fund by AUM.
How are ZWT and QQQT managed?
ZWT is actively managed by BMO. It does not track an index. QQQT is passively managed by Evolve ETFs. It tracks the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index - USD benchmark.
What sectors do ZWT and QQQT emphasize?
ZWT is most exposed to Technology, Consumer Non-Cyclicals, and Business Services. QQQT is most exposed to Technology, Business Services, and Finance.
Which ETF is attracting more investor flows: ZWT or QQQT?
Year to date, ZWT has seen -$4.71 M in net flows, compared with +$21.29 M for QQQT. QQQT has attracted more net investor money so far.
How do the fees of ZWT and QQQT compare?
ZWT has an expense ratio of 0.71%, while QQQT has an expense ratio of 0.46%.
What are the top holdings of ZWT and QQQT?
ZWT's largest holdings include Apple, Inc., Microsoft Corp., and Broadcom Inc.. QQQT's top holdings include Microsoft Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: ZWT or QQQT?
ZWT holds 30 securities, while QQQT holds 46. On holdings count, QQQT is the more diversified portfolio.
Recent articles about ZWT and QQQT
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