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%	1.39B	Apr 2023	ZWB.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	6.15B	Oct 2009	ZWB.TO vs ZEB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	130.84M	Sep 2013	ZWB.TO vs HXF.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	ZWB.TO vs XUSF.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	1.06B	Oct 2020	ZWB.TO vs HCAL.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	97	—	Jul 2023	ZWB.TO vs HBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	97	6.15B	Oct 2009	ZWB.TO vs ZEB.TO

Top Performing ZWB.TO Alternatives (YTD)

ZWB.TO is at 26.23% YTD. There are 11 ETFs in the Financials Equities category with higher YTD returns, going as high as 43.47%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	43.47%	86.85M	Jun 2007	ZWB.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	41.95%	—	Feb 2022	ZWB.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	38.28%	1.06B	Oct 2020	ZWB.TO vs HCAL.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	37.19%	—	Jul 2023	ZWB.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	31.29%	485.97M	Oct 2017	ZWB.TO vs RBNK.TO

Lowest Volatility Alternatives to ZWB.TO

ZWB.TO has 11.51% 1-year volatility. There are 2 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.02%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.02%	1.40B	Apr 2010	ZWB.TO vs FIE.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.40%	348.36M	Aug 2010	ZWB.TO vs CIC.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.79%	419.44M	Feb 2008	ZWB.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.20%	2.28B	Mar 2001	ZWB.TO vs XFN.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	12.75%	197.22M	Jul 2023	ZWB.TO vs BKCL.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%	419.44M	Feb 2008	ZWB.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.40B	Apr 2010	ZWB.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.28B	Mar 2001	ZWB.TO vs XFN.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	130.84M	Sep 2013	ZWB.TO vs HXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	-8.23%	348.36M	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	1.09%	5.68B	Nov 2021	ZWB.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	11.86%	24.23B	Nov 2012	ZWB.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	79	13.48%	846.16M	Jan 2022	ZWB.TO vs ZEQT.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	81	11.25%	16.91B	May 2009	ZWB.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	41	14.60%	3.24B	Jan 2010	ZWB.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	20.44%	2.39B	Feb 2019	ZWB.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	45	6.82%	6.18B	Oct 2011	ZWB.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.97B	Jan 2010	ZWB.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	20.55%	1.83B	Oct 2011	ZWB.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	47	10.78%	1.30B	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	93	12.66%	2.35B	Feb 2017	ZWB.TO vs ZWC.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	24.99%	7.99B	Nov 2012	ZWB.TO vs VDY.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	72	11.93%	32.85B	Nov 2012	ZWB.TO vs VFV.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	21.65%	5.54B	Jun 2017	ZWB.TO vs XDIV.TO
SRU-UN.TO	SmartCentres Real Estate Investment Trust		90	19.72%	—	—	ZWB.TO vs SRU-UN.TO
ENB.TO	Enbridge Inc.		89	23.81%	—	—	ZWB.TO vs ENB.TO
XYLD	Global X S&P 500 Covered Call ETF	Derivative Income, S&P 500	78	4.54%	3.19B	Jun 2013	ZWB.TO vs XYLD
ZWT.TO	BMO Covered Call Technology ETF	Technology Equities, Derivative Income	54	15.43%	—	Jan 2021	ZWB.TO vs ZWT.TO
PFF	iShares Preferred and Income Securities ETF	Preferred Stock/Convertible Bonds	28	1.44%	13.45B	Mar 2007	ZWB.TO vs PFF
ZWU.TO	BMO Covered Call Utilities ETF	Utilities Equities, Derivative Income	75	12.39%	2.20B	Oct 2011	ZWB.TO vs ZWU.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	S&P 500	51	6.74%	15.52B	May 2001	ZWB.TO vs XSP.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	71	13.20%	319.94M	Jan 2020	ZWB.TO vs ZWG.TO
CBNK	Capital Bancorp, Inc.		48	22.32%	—	—	ZWB.TO vs CBNK
ZWE.TO	BMO Europe High Dividend Covered Call Hedged to CA...	Foreign Large Cap Equities	38	5.45%	764.75M	Sep 2015	ZWB.TO vs ZWE.TO
ZEO	Zeo Energy Corp		10	-34.36%	—	—	ZWB.TO vs ZEO
FALN	iShares Fallen Angels USD Bond ETF	High Yield Bonds	51	2.24%	1.62B	Jun 2016	ZWB.TO vs FALN
HPYB.TO	Harvest Premium Yield Canadian Bank ETF	Large Cap Blend Equities	—	—	—	Jan 2026	ZWB.TO vs HPYB.TO
ENB-PP.TO	Enbridge Inc.		97	9.86%	—	—	ZWB.TO vs ENB-PP.TO
IAU.TO	i-80 Gold Corp		82	0.00%	—	—	ZWB.TO vs IAU.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	28.03%	—	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.

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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