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 17 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%	1.45B	Apr 2023	ZWB.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	7.10B	Oct 2009	ZWB.TO vs ZEB.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%	134.24M	Sep 2013	ZWB.TO vs HXF.TO

Best Risk-Adjusted Alternatives to ZWB.TO

ZWB.TO has a PortfoliosLab risk / return rank of 97. There are 8 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	98	—	Jul 2023	ZWB.TO vs BNKL.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	ZWB.TO vs CBNK.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	7.10B	Oct 2009	ZWB.TO vs ZEB.TO

Top Performing ZWB.TO Alternatives (YTD)

ZWB.TO is at 28.37% YTD. There are 11 ETFs in the Financials Equities category with higher YTD returns, going as high as 48.45%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	48.45%	88.65M	Jun 2007	ZWB.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	44.23%	—	Feb 2022	ZWB.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	41.35%	—	Jul 2023	ZWB.TO vs BNKL.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	41.03%	1.09B	Oct 2020	ZWB.TO vs HCAL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	33.54%	518.88M	Oct 2017	ZWB.TO vs RBNK.TO

Lowest Volatility Alternatives to ZWB.TO

ZWB.TO has 12.90% 1-year volatility. There are 5 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.59%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.59%	1.43B	Apr 2010	ZWB.TO vs FIE.TO
HPYB.TO	Harvest Premium Yield Canadian Bank ETF	11.92%	—	Jan 2026	ZWB.TO vs HPYB.TO
DXF.TO	Dynamic Active Global Financial Services ETF	12.43%	11.95M	Sep 2017	ZWB.TO vs DXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	12.67%	353.44M	Aug 2010	ZWB.TO vs CIC.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	12.79%	438.68M	Feb 2008	ZWB.TO vs CEW.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%	438.68M	Feb 2008	ZWB.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.43B	Apr 2010	ZWB.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.30B	Mar 2001	ZWB.TO vs XFN.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	134.24M	Sep 2013	ZWB.TO vs HXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	-8.23%	353.44M	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 9 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	1.36%	5.83B	Nov 2021	ZWB.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	71	12.26%	24.00B	Nov 2012	ZWB.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	13.75%	924.58M	Jan 2022	ZWB.TO vs ZEQT.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.49%	17.51B	May 2009	ZWB.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	32	10.75%	2.90B	Jan 2010	ZWB.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	50	14.56%	2.26B	Feb 2019	ZWB.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities, Low Volatility	58	7.74%	6.27B	Oct 2011	ZWB.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	29	0.79%	13.09B	Jan 2010	ZWB.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	23.19%	1.91B	Oct 2011	ZWB.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Quality Factor, Large Cap Blend Equities	50	11.98%	1.29B	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 11 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	96	15.08%	2.45B	Feb 2017	ZWB.TO vs ZWC.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	28.99%	8.59B	Nov 2012	ZWB.TO vs VDY.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	72	12.34%	34.09B	Nov 2012	ZWB.TO vs VFV.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Quality Factor, Dividend, Large Cap Value Equities	98	29.20%	6.16B	Jun 2017	ZWB.TO vs XDIV.TO
SRU-UN.TO	SmartCentres Real Estate Investment Trust		92	19.21%	—	—	ZWB.TO vs SRU-UN.TO
ENB.TO	Enbridge Inc.		87	19.20%	—	—	ZWB.TO vs ENB.TO
XYLD	Global X S&P 500 Covered Call ETF	Derivative Income, S&P 500	93	8.05%	3.24B	Jun 2013	ZWB.TO vs XYLD
ZWT.TO	BMO Covered Call Technology ETF	Technology Equities, Derivative Income	41	12.17%	—	Jan 2021	ZWB.TO vs ZWT.TO
PFF	iShares Preferred and Income Securities ETF	Preferred Stock	20	0.89%	13.15B	Mar 2007	ZWB.TO vs PFF
ZWU.TO	BMO Covered Call Utilities ETF	Utilities Equities, Derivative Income	67	10.50%	2.20B	Oct 2011	ZWB.TO vs ZWU.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	83	13.24%	317.70M	Jan 2020	ZWB.TO vs ZWG.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	S&P 500	55	8.43%	15.62B	May 2001	ZWB.TO vs XSP.TO
CBNK	Capital Bancorp, Inc.		66	33.51%	—	—	ZWB.TO vs CBNK
ZWE.TO	BMO Europe High Dividend Covered Call Hedged to CA...	Europe Equities, Derivative Income, Dividend	63	8.05%	781.38M	Sep 2015	ZWB.TO vs ZWE.TO
FALN	iShares Fallen Angels USD Bond ETF	High Yield Bonds	55	1.86%	1.61B	Jun 2016	ZWB.TO vs FALN
ZEO	Zeo Energy Corp		6	-54.07%	—	—	ZWB.TO vs ZEO
ENB-PP.TO	Enbridge Inc.		96	13.74%	—	—	ZWB.TO vs ENB-PP.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	30.61%	—	Dec 2025	ZWB.TO vs SIXY.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	98	33.28%	1.33B	Feb 2022	ZWB.TO vs BANK.TO
IAU.TO	i-80 Gold Corp		89	-9.90%	—	—	ZWB.TO vs IAU.TO

Compare ZWB.TO with Any Fund or Stock

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

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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.

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