BMO Covered Call Canadian Banks ETF (ZWB.TO)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO Covered Call Canadian Banks ETF (ZWB.TO) returned 4.33% year-to-date (YTD) and 20.06% over the past 12 months. Over the past 10 years, ZWB.TO returned 8.35% annually, underperforming the S&P 500 benchmark at 10.82%.

The table below presents the monthly returns of ZWB.TO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

With an overall rank of 91, ZWB.TO is among the top 9% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The charts below present risk-adjusted performance metrics for BMO Covered Call Canadian Banks ETF (ZWB.TO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

BMO Covered Call Canadian Banks ETF Sharpe ratios as of May 29, 2025 (values are recalculated daily):

• 1-Year: 2.05
• 5-Year: 1.11
• 10-Year: 0.52
• All Time: 0.57

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of BMO Covered Call Canadian Banks ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

BMO Covered Call Canadian Banks ETF provided a 7.07% dividend yield over the last twelve months, with an annual payout of CA$1.43 per share.

The table displays the monthly dividend distributions for BMO Covered Call Canadian Banks ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BMO Covered Call Canadian Banks ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BMO Covered Call Canadian Banks ETF was 39.36%, occurring on Mar 23, 2020. Recovery took 198 trading sessions.

The chart below shows the rolling one-month volatility.