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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 Telecommunications exposures, while ZWC is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, ZWU features a management fee (MER) of 0.65%, compared to 0.65% for ZWC. Performance-wise, ZWU has returned 6% year-to-date with +$188 M in net flows, whereas ZWC is at 14.99% with +$321 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
ZWU
ZWC
| AuM | $2,158.37 M | $2,472.55 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.71% | 0.72% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWU | -2.27% | -4.72% | +6.00% | +6.38% | +37.31% |
ZWC | -0.15% | +2.78% | +14.99% | +23.86% | +67.02% | |
| Flows | ZWU | +$39 M | +$105 M | +$188 M | +$304 M | +$337 M |
ZWC | +$23 M | +$113 M | +$321 M | +$367 M | +$289 M |
ZWU vs ZWC exposure
Countries
ZWU
Canada
56.27%
USA
38.93%
ZWC
Canada
98.15%
Sectors
ZWU
Utilities
48.37%
Energy
26.85%
Telecommunications
20.39%
ZWC
Finance
40.64%
Energy
22.76%
Non-Energy Materials
11.23%
Other
25.37%
As of September 11, 2026
Top 10 Holdings
ZWU
Fortis, Inc.
5.53%
Hydro One Ltd.
5.47%
TC Energy Corp.
5.24%
Enbridge, Inc.
5.15%
Pembina Pipeline Corp.
5.00%
Verizon Communications, Inc.
4.74%
Emera, Inc.
4.57%
The Williams Cos., Inc.
4.40%
AT&T, Inc.
4.22%
The Southern Co.
3.93%
ZWC
Royal Bank of Canada
8.06%
The Toronto-Dominion Bank
6.27%
Canadian Imperial Bank of Commerce
5.85%
Canadian Natural Resources Ltd.
5.74%
The Bank of Nova Scotia
5.62%
Enbridge, Inc.
4.71%
Suncor Energy, Inc.
4.66%
TC Energy Corp.
4.03%
Bank of Montreal
3.82%
Nutrien Ltd.
3.17%
Diversification
ZWU
Total weight of top 10 holdings out of 30 total
48.25%
ZWC
Total weight of top 10 holdings out of 39 total
51.92%
Characteristics
Frequently asked questions about ZWU and ZWC
Which ETF has performed better year to date: ZWU or ZWC?
As of September 11, 2026, ZWU has returned 6.00% year to date, while ZWC has returned 14.99%. ZWC is ahead on YTD performance.
Which ETF is larger by assets under management: ZWU or ZWC?
As of September 11, 2026, ZWU manages $2.16 B in assets, while ZWC manages $2.47 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 Telecommunications. ZWC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZWU or ZWC?
Year to date, ZWU has seen +$188.40 M in net flows, compared with +$320.80 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 Fortis, Inc., Hydro One Ltd., and TC Energy Corp.. ZWC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Canadian Imperial Bank of Commerce.
Which ETF is more diversified: ZWU or ZWC?
ZWU holds 30 securities, while ZWC holds 39. On holdings count, ZWC is the more diversified portfolio.
Recent articles about ZWU and ZWC
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