ZPH.TO Alternatives & Similar ETFs

BMO US Put Write Hedged to CAD ETF (ZPH.TO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZPH.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZPH.TO

ZPH.TO charges 0.65% annually. There are 38 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

Symbol	Name	Expense Ratio	AUM	Inception
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	ZPH.TO vs ECHI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	169.56M	Nov 2025	ZPH.TO vs EQLI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	ZPH.TO vs JEPQ.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	ZPH.TO vs JEPI.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	225.10M	Sep 2024	ZPH.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to ZPH.TO

ZPH.TO has a PortfoliosLab risk / return rank of 41. There are 65 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	98	186.23M	Jun 2022	ZPH.TO vs HLIF.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	ZPH.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	98	1.31B	Feb 2022	ZPH.TO vs BANK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	97	4.90B	Jan 2011	ZPH.TO vs ZWB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	201.68M	Jul 2023	ZPH.TO vs BKCL.TO

Top Performing ZPH.TO Alternatives (YTD)

ZPH.TO is at 2.20% YTD. There are 78 ETFs in the Derivative Income category with higher YTD returns, going as high as 44.75%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	44.75%	—	Feb 2022	ZPH.TO vs CBNK.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	38.67%	286.03M	Oct 2023	ZPH.TO vs ENCL.TO
HPF.TO	Harvest Energy Leaders Income ETF Class A CAD Hedg...	33.89%	67.16M	Oct 2014	ZPH.TO vs HPF.TO
CNQE.TO	Harvest CNQ Enhanced High Income Shares ETF	33.86%	—	Aug 2025	ZPH.TO vs CNQE.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	32.14%	1.31B	Feb 2022	ZPH.TO vs BANK.TO

Lowest Volatility Alternatives to ZPH.TO

ZPH.TO has 6.60% 1-year volatility. There are 4 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.77%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.77%	225.10M	Sep 2024	ZPH.TO vs HBIL.TO
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	1.93%	160.53M	Sep 2024	ZPH.TO vs HBIL-U.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.73%	258.82M	Jan 2024	ZPH.TO vs HPYM.TO
FCMI.TO	Fidelity Canadian Monthly High Income ETF	6.40%	12.40M	Jan 2020	ZPH.TO vs FCMI.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	7.14%	186.23M	Jun 2022	ZPH.TO vs HLIF.TO

Lowest Drawdown Alternatives to ZPH.TO

ZPH.TO has a 1-year max drawdown of -6.07%. There are 15 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-0.95%	225.10M	Sep 2024	ZPH.TO vs HBIL.TO
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	-1.07%	160.53M	Sep 2024	ZPH.TO vs HBIL-U.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	186.23M	Jun 2022	ZPH.TO vs HLIF.TO
FCMI.TO	Fidelity Canadian Monthly High Income ETF	-3.62%	12.40M	Jan 2020	ZPH.TO vs FCMI.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.87%	258.82M	Jan 2024	ZPH.TO vs HPYM.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 8 categories. AUM among these funds goes as high as $24B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	99	1.27%	5.76B	Nov 2021	ZPH.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.23%	23.77B	Nov 2012	ZPH.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	84	14.24%	890.17M	Jan 2022	ZPH.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	33.28%	7.49B	Oct 2009	ZPH.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.80%	17.36B	May 2009	ZPH.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	36	14.01%	2.97B	Jan 2010	ZPH.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	63	18.72%	2.24B	Feb 2019	ZPH.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	55	7.84%	6.32B	Oct 2011	ZPH.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	31	1.17%	13.16B	Jan 2010	ZPH.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.69%	1.90B	Oct 2011	ZPH.TO vs ZDV.TO

Often Compared With ZPH.TO

Investors most often compare ZPH.TO with ZPW.TO, ZWC.TO, UMAX.TO. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZPW.TO	BMO US Put Write ETF	Derivative Income	67	6.09%	104.52M	Sep 2015	ZPH.TO vs ZPW.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	96	14.78%	2.45B	Feb 2017	ZPH.TO vs ZWC.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	Derivative Income, Utilities Equities	83	10.39%	1.45B	Jun 2023	ZPH.TO vs UMAX.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	-22.28%	—	Sep 2025	ZPH.TO vs CRCY.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	61	26.94%	—	Jul 2025	ZPH.TO vs QDAY.NEO
EMCL.NEO	Global X Enhanced MSCI Emerging Markets Covered Ca...	Derivative Income	60	17.98%	6.79M	May 2024	ZPH.TO vs EMCL.NEO
FHI.TO	CI Health Care Giants Covered Call ETF	Derivative Income	48	3.34%	133.21M	Mar 2022	ZPH.TO vs FHI.TO
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	Derivative Income, Semiconductors	54	31.56%	—	Feb 2025	ZPH.TO vs YAVG.NEO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	96	19.59%	2.59B	Jan 2023	ZPH.TO vs HMAX.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	73	13.98%	1.30B	Feb 2022	ZPH.TO vs HYLD.TO
HBF.TO	Harvest US Equity Leaders Income ETF Class A (CAD ...	Derivative Income	57	5.21%	654.86M	Jul 2014	ZPH.TO vs HBF.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	Derivative Income	71	7.98%	—	Sep 2022	ZPH.TO vs DXQ.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	Derivative Income, Utilities Equities	51	12.17%	106.95M	Oct 2022	ZPH.TO vs HUTE.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	19.40%	1.76B	Jul 2021	ZPH.TO vs HDIV.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	93	30.58%	754.66M	Apr 2011	ZPH.TO vs ENCC.TO
MSTE.TO	Harvest Strategy Inc. Enhanced High Income Shares ...	Derivative Income	1	-38.32%	300.57M	Mar 2025	ZPH.TO vs MSTE.TO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	91	17.29%	1.09B	Oct 2023	ZPH.TO vs SMAX.TO
BIGY.TO	Evolve US Equity UltraYield ETF	Derivative Income	—	-11.38%	—	Sep 2025	ZPH.TO vs BIGY.TO
CCCB.TO	CIBC Canadian Banks Covered Call ETF	Derivative Income	—	28.08%	—	Aug 2025	ZPH.TO vs CCCB.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	84	14.02%	248.15M	Jul 2023	ZPH.TO vs USCL.TO

Compare ZPH.TO with Any Fund or Stock

Compare ZPH.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ZPH.TO with funds that move differently

BMO US Put Write Hedged to CAD ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZPH.TO.

Explore ZPH.TO Diversifiers

BMO US Put Write Hedged to CAD ETF (ZPH.TO) Alternatives