ZWC.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to ZWC.TO

ZWC.TO charges 0.91% annually. There are 72 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

Symbol	Name	Expense Ratio	AUM	Inception
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	ZWC.TO vs ECHI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	169.56M	Nov 2025	ZWC.TO vs EQLI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	ZWC.TO vs JEPQ.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	224.00M	Sep 2024	ZWC.TO vs HBIL.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	ZWC.TO vs JEPI.TO

Best Risk-Adjusted Alternatives to ZWC.TO

ZWC.TO has a PortfoliosLab risk / return rank of 95. There are 8 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	98	180.28M	Jun 2022	ZWC.TO vs HLIF.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	ZWC.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	98	1.26B	Feb 2022	ZWC.TO vs BANK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	97	4.84B	Jan 2011	ZWC.TO vs ZWB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	198.10M	Jul 2023	ZWC.TO vs BKCL.TO

Top Performing ZWC.TO Alternatives (YTD)

ZWC.TO is at 13.92% YTD. There are 41 ETFs in the Derivative Income category with higher YTD returns, going as high as 45.98%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	45.98%	—	Feb 2022	ZWC.TO vs CBNK.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	35.30%	271.10M	Oct 2023	ZWC.TO vs ENCL.TO
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	30.97%	—	Feb 2025	ZWC.TO vs YAVG.NEO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	30.92%	1.26B	Feb 2022	ZWC.TO vs BANK.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	29.97%	198.10M	Jul 2023	ZWC.TO vs BKCL.TO

Lowest Volatility Alternatives to ZWC.TO

ZWC.TO has 8.17% 1-year volatility. There are 8 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.76%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.76%	224.00M	Sep 2024	ZWC.TO vs HBIL.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.74%	259.21M	Jan 2024	ZWC.TO vs HPYM.TO
ZPH.TO	BMO US Put Write Hedged to CAD ETF	6.54%	35.29M	Feb 2017	ZWC.TO vs ZPH.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	7.06%	180.28M	Jun 2022	ZWC.TO vs HLIF.TO
ZPW.TO	BMO US Put Write ETF	7.31%	105.45M	Sep 2015	ZWC.TO vs ZPW.TO

Lowest Drawdown Alternatives to ZWC.TO

ZWC.TO has a 1-year max drawdown of -5.99%. There are 11 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-0.95%	224.00M	Sep 2024	ZWC.TO vs HBIL.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	180.28M	Jun 2022	ZWC.TO vs HLIF.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.87%	259.21M	Jan 2024	ZWC.TO vs HPYM.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.21B	Oct 2011	ZWC.TO vs ZWU.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-5.11%	1.41B	Jun 2023	ZWC.TO vs UMAX.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 8 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	ZWC.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.73%	24.35B	Nov 2012	ZWC.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.24%	895.11M	Jan 2022	ZWC.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	33.86%	7.20B	Oct 2009	ZWC.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.42%	17.34B	May 2009	ZWC.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	38	14.55%	3.09B	Jan 2010	ZWC.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	19.68%	2.35B	Feb 2019	ZWC.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	7.77%	6.24B	Oct 2011	ZWC.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	27	1.10%	13.13B	Jan 2010	ZWC.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	21.35%	1.86B	Oct 2011	ZWC.TO vs ZDV.TO

Often Compared With ZWC.TO

Investors most often compare ZWC.TO with VDY.TO, HDIV.TO, XEI.TO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	27.73%	8.59B	Nov 2012	ZWC.TO vs VDY.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	19.24%	1.74B	Jul 2021	ZWC.TO vs HDIV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	26.42%	4.25B	Apr 2011	ZWC.TO vs XEI.TO
ZWH.TO	BMO US High Dividend Covered Call ETF	Derivative Income	85	13.57%	1.15B	Feb 2014	ZWC.TO vs ZWH.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	96	19.85%	2.53B	Jan 2023	ZWC.TO vs HMAX.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	92	13.48%	23.77B	Sep 1999	ZWC.TO vs XIU.TO
CVD.TO	iShares Convertible Bond Index ETF	High Yield Bonds	41	5.33%	126.14M	Jun 2011	ZWC.TO vs CVD.TO
ZWE.TO	BMO Europe High Dividend Covered Call Hedged to CA...	Foreign Large Cap Equities	40	5.15%	765.75M	Sep 2015	ZWC.TO vs ZWE.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	Utilities Equities, Equal Weight	80	21.46%	850.11M	Jan 2010	ZWC.TO vs ZUT.TO
ZDI.TO	BMO International Dividend ETF	International Equity	54	13.44%	881.02M	Nov 2014	ZWC.TO vs ZDI.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	75	14.16%	323.65M	Jan 2020	ZWC.TO vs ZWG.TO
EIT-UN.TO	Canoe EIT Income Fund	Diversified Portfolio	88	15.56%	—	Aug 1997	ZWC.TO vs EIT-UN.TO
COW.TO	iShares Global Agriculture Index ETF	Large Cap Blend Equities	14	17.05%	289.23M	Dec 2007	ZWC.TO vs COW.TO
ENB-PP.TO	Enbridge Inc.		97	12.83%	—	—	ZWC.TO vs ENB-PP.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	25.10%	5.78B	Jun 2017	ZWC.TO vs XDIV.TO
ZEM.TO	BMO MSCI Emerging Markets Index ETF	Emerging Markets Equities	72	22.30%	3.45B	Oct 2009	ZWC.TO vs ZEM.TO
PAYF.TO	Purpose Enhanced Premium Yield Fund		30	3.44%	83.70M	—	ZWC.TO vs PAYF.TO
LIFE.TO	Evolve Global Healthcare Enhanced Yield Fund		18	-2.79%	336.78M	—	ZWC.TO vs LIFE.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	17.83%	0.00	Jul 2025	ZWC.TO vs SDAY.NEO
SYLD.TO	Purpose Strategic Yield Fund		96	3.33%	521.60M	—	ZWC.TO vs SYLD.TO

Compare ZWC.TO with Any Fund or Stock

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

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Diversifiers

Pair ZWC.TO with funds that move differently

BMO CA High Dividend Covered Call ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZWC.TO.

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BMO CA High Dividend Covered Call ETF (ZWC.TO) Alternatives