ETF Market Canada › ETF Comparison › ZWU vs ZWC

ZWU vs ZWC ETF Comparison

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ZWU
BMO Covered Call Utilities ETF
Full ZWU fund page
VS
ZWC
BMO Canadian High Dividend Covered Call ETF
Full ZWC fund page

Compare BMO Covered Call Utilities ETF (ZWU) vs BMO Canadian High Dividend Covered Call ETF (ZWC) to find the best fit for your portfolio. ZWU provides Utilities, Energy, and Communication Services exposures, while ZWC is primarily weighted in Financials, Energy, and Materials. When evaluating costs, ZWU features a management fee (MER) of 0.65%, compared to 0.65% for ZWC. Performance-wise, ZWU has returned 11.9% year-to-date with +$84 M in net flows, whereas ZWC is at 12.7% with +$212 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-1.0-0.50.00.51.01.52.02.5%May 12May 20May 27Jun 3Jun 10

Key Data

Historical performance and flows

As of June 12, 2026
1M3MYTD1Y3Y
Perf.
ZWU
+1.43%+1.09%+11.90%+17.00%+37.99%
ZWC
+2.22%+6.78%+12.70%+29.29%+64.10%
Flows
ZWU
+$20 M+$90 M+$84 M+$201 M+$184 M
ZWC
+$42 M+$136 M+$212 M+$284 M+$224 M

ZWU vs ZWC exposure

Countries

ZWU
Canada
55.91%
USA
39.82%
ZWC
Canada
98.39%

Sectors

ZWU
Utilities
54.84%
Energy
23.24%
Communication Services
21.40%
ZWC
Financials
37.04%
Energy
23.02%
Materials
10.11%
Utilities
8.89%
Other
7.10%
Other
13.85%
As of June 12, 2026

Top 10 Holdings

ZWU
HYDRO ONE
5.55%
FORTIS
5.48%
TC ENERGY CORP
5.20%
ENBRIDGE
4.99%
VERIZON COMMUNICATIONS
4.70%
PEMBINA PIPELINE
4.62%
AT&T
4.60%
WILLIAMS
4.58%
EMERA
4.49%
NEXTERA ENERGY
4.10%
ZWC
ROYAL BK CANADA
7.17%
CDN IMPERIAL BK
5.89%
TORONTO DOMINION
5.89%
CDN NATURAL RESOURCE
5.70%
BNS
5.13%
SUNCOR ENERGY
5.00%
ENBRIDGE
4.93%
TC ENERGY CORP
3.99%
BANK OF MONTREAL
3.55%
FORTIS
3.36%

Diversification

ZWU
Total weight of top 10 holdings out of 30 total
48.31%
ZWC
Total weight of top 10 holdings out of 39 total
50.60%

Characteristics

Compare
ZWU
ZWC
ProviderBMOBMO
ManagementActively managedActively managed
Benchmark--
Replication Method
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield6.99%5.56%
Meets ESG criteriaNoNo
Inception DateOctober 27, 2011February 9, 2017

Frequently asked questions about ZWU and ZWC

Which ETF has performed better year to date: ZWU or ZWC?
As of June 12, 2026, ZWU has returned 11.90% year to date, while ZWC has returned 12.70%. ZWC is ahead on YTD performance.
Which ETF is larger by assets under management: ZWU or ZWC?
As of June 12, 2026, ZWU manages $2.21 B in assets, while ZWC manages $2.35 B. ZWC is the larger fund by AUM.
How are ZWU and ZWC managed?
ZWU 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 ZWU and ZWC emphasize?
ZWU is most exposed to Utilities, Energy, and Communication Services. ZWC is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: ZWU or ZWC?
Year to date, ZWU has seen +$84.15 M in net flows, compared with +$212.10 M for ZWC. ZWC has attracted more net investor money so far.
How do the fees of ZWU and ZWC compare?
ZWU has an expense ratio of 0.71%, while ZWC has an expense ratio of 0.72%.
What are the top holdings of ZWU and ZWC?
ZWU's largest holdings include HYDRO ONE, FORTIS, and TC ENERGY CORP. ZWC's top holdings include ROYAL BK CANADA and CDN IMPERIAL BK.
Which ETF is more diversified: ZWU or ZWC?
ZWU holds 30 securities, while ZWC holds 34. On holdings count, ZWC is the more diversified portfolio.

Recent articles about ZWU and ZWC

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