ZPW.TO Alternatives & Similar ETFs

BMO US Put Write ETF (ZPW.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 ZPW.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZPW.TO

ZPW.TO charges 0.65% annually. There are 38 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	246.61M	Jul 2023	ZPW.TO vs USCL.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	ZPW.TO vs ECHI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	155.19M	Nov 2025	ZPW.TO vs EQLI.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	227.40M	Sep 2024	ZPW.TO vs HBIL.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	ZPW.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to ZPW.TO

ZPW.TO has a PortfoliosLab risk / return rank of 53. There are 43 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	—	Jun 2022	ZPW.TO vs HLIF.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	ZPW.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	97	1.20B	Feb 2022	ZPW.TO vs BANK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	97	4.68B	Jan 2011	ZPW.TO vs ZWB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	200.19M	Jul 2023	ZPW.TO vs BKCL.TO

Top Performing ZPW.TO Alternatives (YTD)

ZPW.TO is at 4.29% YTD. There are 68 ETFs in the Derivative Income category with higher YTD returns, going as high as 42.99%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	42.99%	—	Feb 2022	ZPW.TO vs CBNK.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	32.71%	—	Jul 2025	ZPW.TO vs QDAY.NEO
TXF.TO	CI Tech Giants Covered Call Common	29.94%	802.07M	Oct 2011	ZPW.TO vs TXF.TO
EMCL.NEO	Global X Enhanced MSCI Emerging Markets Covered Ca...	29.58%	7.25M	May 2024	ZPW.TO vs EMCL.NEO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	29.36%	1.20B	Feb 2022	ZPW.TO vs BANK.TO

Lowest Volatility Alternatives to ZPW.TO

ZPW.TO has 7.22% 1-year volatility. There are 5 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.63%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.63%	227.40M	Sep 2024	ZPW.TO vs HBIL.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.67%	230.93M	Jan 2024	ZPW.TO vs HPYM.TO
ZPH.TO	BMO US Put Write Hedged to CAD ETF	6.42%	—	Feb 2017	ZPW.TO vs ZPH.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	7.01%	1.40B	Jun 2023	ZPW.TO vs UMAX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	7.02%	—	Jun 2022	ZPW.TO vs HLIF.TO

Lowest Drawdown Alternatives to ZPW.TO

ZPW.TO has a 1-year max drawdown of -5.61%. There are 9 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%	227.40M	Sep 2024	ZPW.TO vs HBIL.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	—	Jun 2022	ZPW.TO vs HLIF.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.87%	230.93M	Jan 2024	ZPW.TO vs HPYM.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.25B	Oct 2011	ZPW.TO vs ZWU.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-5.11%	1.40B	Jun 2023	ZPW.TO vs UMAX.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	1.17%	5.76B	Nov 2021	ZPW.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	79	13.62%	23.98B	Nov 2012	ZPW.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.64%	852.71M	Jan 2022	ZPW.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	32.05%	6.36B	Oct 2009	ZPW.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	86	11.09%	17.03B	May 2009	ZPW.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	43	18.49%	3.09B	Jan 2010	ZPW.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	76	23.99%	2.30B	Feb 2019	ZPW.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	48	7.13%	6.32B	Oct 2011	ZPW.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	22	2.13%	13.01B	Jan 2010	ZPW.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	19.50%	1.83B	Oct 2011	ZPW.TO vs ZDV.TO

Compare ZPW.TO with Any Fund or Stock

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

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Diversifiers

Pair ZPW.TO with funds that move differently

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

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BMO US Put Write ETF (ZPW.TO) Alternatives