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BMO Covered Call Technology ETF (ZWT) and Evolve NASDAQ Technology Enhanced Yield Index Fund ETF (QQQY) 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 QQQY leans towards Technology, Business Services, and Finance. When evaluating costs, ZWT features a management fee (MER) of 0.65%, compared to 2% for QQQY. Performance-wise, ZWT has returned 16.11% year-to-date with -$5 M in net flows, whereas QQQY is at 16.82% with +$17 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
QQQY
| AuM | $212.19 M | $131.68 M |
| Management Fees | 0.65% | 2.00% |
| Exp. ratio | 0.71% | 0.74% |
| 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% |
QQQY | -0.07% | +1.24% | +16.82% | +24.49% | - | |
| Flows | ZWT | +$3 M | -$23 M | -$5 M | +$1 M | +$35 M |
QQQY | +$1 M | +$7 M | +$17 M | +$21 M | - |
ZWT vs QQQY exposure
Countries
ZWT
USA
99.05%
QQQY
USA
94.06%
Sectors
ZWT
Technology
89.26%
Consumer Non-Cyclicals
7.94%
QQQY
Technology
95.07%
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%
QQQY
Microsoft Corp.
11.32%
Apple, Inc.
10.78%
NVIDIA Corp.
10.15%
Broadcom Inc.
9.17%
Meta Platforms, Inc.
7.21%
Alphabet, Inc.
5.27%
Micron Technology, Inc.
5.06%
Alphabet, Inc.
4.94%
Advanced Micro Devices, Inc.
4.46%
Intel Corp.
2.44%
Diversification
ZWT
Total weight of top 10 holdings out of 30 total
71.33%
QQQY
Total weight of top 10 holdings out of 48 total
70.81%
Characteristics
Compare
ZWT
QQQY
| Provider | BMO | Evolve ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.04% | 10.93% |
| Meets ESG criteria | No | No |
| Inception Date | January 26, 2021 | October 13, 2023 |
Frequently asked questions about ZWT and QQQY
Which ETF has performed better year to date: ZWT or QQQY?
As of September 8, 2026, ZWT has returned 16.11% year to date, while QQQY has returned 16.82%. QQQY is ahead on YTD performance.
Which ETF is larger by assets under management: ZWT or QQQY?
As of September 8, 2026, ZWT manages $212.19 M in assets, while QQQY manages $131.68 M. ZWT is the larger fund by AUM.
How are ZWT and QQQY managed?
ZWT is actively managed by BMO. It does not track an index. QQQY is actively managed by Evolve ETFs. It does not track an index.
What sectors do ZWT and QQQY emphasize?
ZWT is most exposed to Technology, Consumer Non-Cyclicals, and Business Services. QQQY is most exposed to Technology, Business Services, and Finance.
Which ETF is attracting more investor flows: ZWT or QQQY?
Year to date, ZWT has seen -$4.71 M in net flows, compared with +$17.18 M for QQQY. QQQY has attracted more net investor money so far.
How do the fees of ZWT and QQQY compare?
ZWT has an expense ratio of 0.71%, while QQQY has an expense ratio of 0.74%.
What are the top holdings of ZWT and QQQY?
ZWT's largest holdings include Apple, Inc., Microsoft Corp., and Broadcom Inc.. QQQY's top holdings include Microsoft Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: ZWT or QQQY?
ZWT holds 30 securities, while QQQY holds 47. On holdings count, QQQY is the more diversified portfolio.
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