ZWB.TO Alternatives & Similar ETFs

BMO Covered Call Canadian Banks ETF (ZWB.TO) belongs to the Financials Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZWB.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZWB.TO

ZWB.TO charges 0.72% annually. There are 12 ETFs in the Financials Equities category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
HBNK.TO	Global X Equal Weight Banks Index ETF	0.09%	—	Jul 2023	ZWB.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	0.19%	1.44B	Apr 2023	ZWB.TO vs HEB.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	ZWB.TO vs XUSF.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	132.91M	Sep 2013	ZWB.TO vs HXF.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	7.20B	Oct 2009	ZWB.TO vs ZEB.TO

Best Risk-Adjusted Alternatives to ZWB.TO

ZWB.TO has a PortfoliosLab risk / return rank of 97. There are 7 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	ZWB.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	98	—	Jul 2023	ZWB.TO vs BNKL.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	98	1.09B	Oct 2020	ZWB.TO vs HCAL.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	98	—	Jul 2023	ZWB.TO vs HBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	98	7.20B	Oct 2009	ZWB.TO vs ZEB.TO

Top Performing ZWB.TO Alternatives (YTD)

ZWB.TO is at 29.10% YTD. There are 11 ETFs in the Financials Equities category with higher YTD returns, going as high as 49.68%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	49.68%	86.75M	Jun 2007	ZWB.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	45.98%	—	Feb 2022	ZWB.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	42.24%	1.09B	Oct 2020	ZWB.TO vs HCAL.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	41.88%	—	Jul 2023	ZWB.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	34.39%	508.88M	Oct 2017	ZWB.TO vs RBNK.TO

Lowest Volatility Alternatives to ZWB.TO

ZWB.TO has 11.96% 1-year volatility. There are 3 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.15%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.15%	1.44B	Apr 2010	ZWB.TO vs FIE.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.85%	358.67M	Aug 2010	ZWB.TO vs CIC.TO
HPYB.TO	Harvest Premium Yield Canadian Bank ETF	11.92%	—	Jan 2026	ZWB.TO vs HPYB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	12.01%	435.32M	Feb 2008	ZWB.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.41%	2.34B	Mar 2001	ZWB.TO vs XFN.TO

Lowest Drawdown Alternatives to ZWB.TO

ZWB.TO has a 1-year max drawdown of -7.82%. There are 3 ETFs in the Financials Equities category with shallower 1-year drawdowns, going as shallow as -7.13%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	-7.13%	435.32M	Feb 2008	ZWB.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.44B	Apr 2010	ZWB.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.34B	Mar 2001	ZWB.TO vs XFN.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	132.91M	Sep 2013	ZWB.TO vs HXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	-8.23%	358.67M	Aug 2010	ZWB.TO vs CIC.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 7 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	1.23%	5.77B	Nov 2021	ZWB.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.73%	24.35B	Nov 2012	ZWB.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.24%	895.11M	Jan 2022	ZWB.TO vs ZEQT.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.42%	17.34B	May 2009	ZWB.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	38	14.55%	3.09B	Jan 2010	ZWB.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	19.68%	2.35B	Feb 2019	ZWB.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	7.77%	6.24B	Oct 2011	ZWB.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	27	1.10%	13.13B	Jan 2010	ZWB.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	21.35%	1.86B	Oct 2011	ZWB.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	57	13.81%	1.32B	Nov 2014	ZWB.TO vs ZUQ.TO

Often Compared With ZWB.TO

Investors most often compare ZWB.TO with ZWC.TO, VDY.TO, VFV.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	95	13.92%	2.41B	Feb 2017	ZWB.TO vs ZWC.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	27.73%	8.59B	Nov 2012	ZWB.TO vs VDY.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	79	13.78%	34.09B	Nov 2012	ZWB.TO vs VFV.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	25.10%	5.78B	Jun 2017	ZWB.TO vs XDIV.TO
SRU-UN.TO	SmartCentres Real Estate Investment Trust		93	21.81%	—	—	ZWB.TO vs SRU-UN.TO
ENB.TO	Enbridge Inc.		91	21.84%	—	—	ZWB.TO vs ENB.TO
XYLD	Global X S&P 500 Covered Call ETF	Derivative Income, S&P 500	89	6.88%	3.22B	Jun 2013	ZWB.TO vs XYLD
ZWT.TO	BMO Covered Call Technology ETF	Technology Equities, Derivative Income	54	16.64%	—	Jan 2021	ZWB.TO vs ZWT.TO
PFF	iShares Preferred and Income Securities ETF	Preferred Stock/Convertible Bonds	15	0.49%	13.39B	Mar 2007	ZWB.TO vs PFF
ZWU.TO	BMO Covered Call Utilities ETF	Utilities Equities, Derivative Income	74	11.45%	2.21B	Oct 2011	ZWB.TO vs ZWU.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	S&P 500	56	8.96%	15.74B	May 2001	ZWB.TO vs XSP.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	75	14.16%	323.65M	Jan 2020	ZWB.TO vs ZWG.TO
CBNK	Capital Bancorp, Inc.		47	26.64%	—	—	ZWB.TO vs CBNK
ZWE.TO	BMO Europe High Dividend Covered Call Hedged to CA...	Foreign Large Cap Equities	40	5.15%	765.75M	Sep 2015	ZWB.TO vs ZWE.TO
FALN	iShares Fallen Angels USD Bond ETF	High Yield Bonds	54	2.18%	1.64B	Jun 2016	ZWB.TO vs FALN
ZEO	Zeo Energy Corp		9	-44.85%	—	—	ZWB.TO vs ZEO
ENB-PP.TO	Enbridge Inc.		97	12.83%	—	—	ZWB.TO vs ENB-PP.TO
IAU.TO	i-80 Gold Corp		85	-6.44%	—	—	ZWB.TO vs IAU.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	98	30.92%	1.26B	Feb 2022	ZWB.TO vs BANK.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	32.04%	—	Dec 2025	ZWB.TO vs SIXY.TO

Compare ZWB.TO with Any Fund or Stock

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

Symbol name

Diversifiers

Pair ZWB.TO with funds that move differently

BMO Covered Call Canadian Banks ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZWB.TO.

Explore ZWB.TO Diversifiers

BMO Covered Call Canadian Banks ETF (ZWB.TO) Alternatives