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 0.71% annually. There are 11 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%	1.27B	Apr 2023	ZWB.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	5.16B	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%	121.72M	Sep 2013	ZWB.TO vs HXF.TO

Best Risk-Adjusted Alternatives to ZWB.TO

ZWB.TO has a PortfoliosLab risk / return rank of 95. There are 6 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	96	—	Feb 2022	ZWB.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	96	—	Jul 2023	ZWB.TO vs BNKL.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	96	5.16B	Oct 2009	ZWB.TO vs ZEB.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	96	—	Jul 2023	ZWB.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	96	1.27B	Apr 2023	ZWB.TO vs HEB.TO

Top Performing ZWB.TO Alternatives (YTD)

ZWB.TO is at 16.23% YTD. There are 9 ETFs in the Financials Equities category with higher YTD returns, going as high as 25.56%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	25.56%	—	Feb 2022	ZWB.TO vs CBNK.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	23.22%	77.00M	Jun 2007	ZWB.TO vs CFOU.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	20.92%	—	Jul 2023	ZWB.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	19.94%	454.41M	Oct 2017	ZWB.TO vs RBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	19.22%	5.16B	Oct 2009	ZWB.TO vs ZEB.TO

Lowest Volatility Alternatives to ZWB.TO

ZWB.TO has 11.31% 1-year volatility. There is 1 ETF in the Financials Equities category with lower 1-year volatility, going as low as 11.26%.

Symbol	Name	Volatility 1Y	AUM	Inception
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.26%	423.04M	Aug 2010	ZWB.TO vs CIC.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.61%	381.54M	Feb 2008	ZWB.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.07%	2.24B	Mar 2001	ZWB.TO vs XFN.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	12.59%	187.53M	Jul 2023	ZWB.TO vs BKCL.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	12.62%	5.16B	Oct 2009	ZWB.TO vs ZEB.TO

Lowest Drawdown Alternatives to ZWB.TO

ZWB.TO has a 1-year max drawdown of -7.82%. There are 2 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%	381.54M	Feb 2008	ZWB.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.24B	Mar 2001	ZWB.TO vs XFN.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	121.72M	Sep 2013	ZWB.TO vs HXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	-8.23%	423.04M	Aug 2010	ZWB.TO vs CIC.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	-8.44%	5.16B	Oct 2009	ZWB.TO vs ZEB.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	100	0.95%	5.70B	Nov 2021	ZWB.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZWB.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZWB.TO vs ZEQT.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZWB.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZWB.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZWB.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZWB.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZWB.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZWB.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	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	92	11.12%	2.30B	Feb 2017	ZWB.TO vs ZWC.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	ZWB.TO vs VDY.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	74	12.30%	32.85B	Nov 2012	ZWB.TO vs VFV.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	19.17%	5.25B	Jun 2017	ZWB.TO vs XDIV.TO
SRU-UN.TO	SmartCentres Real Estate Investment Trust		82	15.12%	—	—	ZWB.TO vs SRU-UN.TO
ENB.TO	Enbridge Inc.		81	21.23%	—	—	ZWB.TO vs ENB.TO
XYLD	Global X S&P 500 Covered Call ETF	Derivative Income, S&P 500	82	4.96%	3.17B	Jun 2013	ZWB.TO vs XYLD
ZWT.TO	BMO Covered Call Technology ETF	Technology Equities, Derivative Income	68	20.37%	—	Jan 2021	ZWB.TO vs ZWT.TO
PFF	iShares Preferred and Income Securities ETF	Preferred Stock/Convertible Bonds	36	2.93%	13.82B	Mar 2007	ZWB.TO vs PFF
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	96	23.54%	959.30M	Oct 2020	ZWB.TO vs HCAL.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	S&P 500	61	9.64%	15.61B	May 2001	ZWB.TO vs XSP.TO
ZWU.TO	BMO Covered Call Utilities ETF	Utilities Equities, Derivative Income	58	10.15%	2.17B	Oct 2011	ZWB.TO vs ZWU.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	64	11.46%	337.99M	Jan 2020	ZWB.TO vs ZWG.TO
CBNK	Capital Bancorp, Inc.		39	12.59%	—	—	ZWB.TO vs CBNK
FALN	iShares Fallen Angels USD Bond ETF	High Yield Bonds	54	1.56%	1.66B	Jun 2016	ZWB.TO vs FALN
ZEO	Zeo Energy Corp		12	-26.59%	—	—	ZWB.TO vs ZEO
ZWE.TO	BMO Europe High Dividend Covered Call Hedged to CA...	Foreign Large Cap Equities	30	3.89%	762.24M	Sep 2015	ZWB.TO vs ZWE.TO
HPYB.TO	Harvest Premium Yield Canadian Bank ETF	Large Cap Blend Equities	—	—	—	Jan 2026	ZWB.TO vs HPYB.TO
ENB-PP.TO	Enbridge Inc.		96	10.18%	—	—	ZWB.TO vs ENB-PP.TO
IAU.TO	i-80 Gold Corp		90	4.95%	—	—	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.

Explore ZWB.TO Diversifiers

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