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 91 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.21%.

Symbol	Name	Expense Ratio	AUM	Inception
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	0.21%	63.79M	Aug 2024	ZWC.TO vs QQCI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	169.56M	Nov 2025	ZWC.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	ZWC.TO vs ECHI.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	ZWC.TO vs JEPI.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	214.20M	Sep 2024	ZWC.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to ZWC.TO

ZWC.TO has a PortfoliosLab risk / return rank of 96. There are 9 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	195.83M	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	1.33B	Feb 2022	ZWC.TO vs BANK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	97	4.77B	Jan 2011	ZWC.TO vs ZWB.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	97	405.23M	May 2011	ZWC.TO vs BKCC.TO

Top Performing ZWC.TO Alternatives (YTD)

ZWC.TO is at 15.08% YTD. There are 29 ETFs in the Derivative Income category with higher YTD returns, going as high as 44.23%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	44.23%	—	Feb 2022	ZWC.TO vs CBNK.TO
CNQE.TO	Harvest CNQ Enhanced High Income Shares ETF	41.00%	—	Aug 2025	ZWC.TO vs CNQE.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	39.90%	295.63M	Oct 2023	ZWC.TO vs ENCL.TO
HPF.TO	Harvest Energy Leaders Income ETF – Class A Units	37.52%	69.39M	Oct 2014	ZWC.TO vs HPF.TO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	34.00%	140.96M	Feb 2015	ZWC.TO vs NXF.TO

Lowest Volatility Alternatives to ZWC.TO

ZWC.TO has 8.35% 1-year volatility. There are 13 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.80%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.80%	214.20M	Sep 2024	ZWC.TO vs HBIL.TO
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	1.97%	152.80M	Sep 2024	ZWC.TO vs HBIL-U.TO
PYF.TO	Purpose Premium Yield Fund Series ETF	3.28%	682.20M	Nov 2018	ZWC.TO vs PYF.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.70%	249.28M	Jan 2024	ZWC.TO vs HPYM.TO
PINC.TO	Purpose Multi-Asset Income Fund	6.37%	108.20M	Apr 2018	ZWC.TO vs PINC.TO

Lowest Drawdown Alternatives to ZWC.TO

ZWC.TO has a 1-year max drawdown of -5.99%. There are 17 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%	214.20M	Sep 2024	ZWC.TO vs HBIL.TO
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	-1.32%	152.80M	Sep 2024	ZWC.TO vs HBIL-U.TO
PYF.TO	Purpose Premium Yield Fund Series ETF	-2.11%	682.20M	Nov 2018	ZWC.TO vs PYF.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	195.83M	Jun 2022	ZWC.TO vs HLIF.TO
PINC.TO	Purpose Multi-Asset Income Fund	-3.59%	108.20M	Apr 2018	ZWC.TO vs PINC.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	ZWC.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	71	12.26%	24.00B	Nov 2012	ZWC.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	13.75%	924.58M	Jan 2022	ZWC.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	32.90%	7.10B	Oct 2009	ZWC.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.49%	17.51B	May 2009	ZWC.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	32	10.75%	2.90B	Jan 2010	ZWC.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	50	14.56%	2.26B	Feb 2019	ZWC.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities, Low Volatility	58	7.74%	6.27B	Oct 2011	ZWC.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	29	0.79%	13.09B	Jan 2010	ZWC.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	23.19%	1.91B	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 17 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	28.99%	8.59B	Nov 2012	ZWC.TO vs VDY.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	18.30%	1.79B	Jul 2021	ZWC.TO vs HDIV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	28.07%	4.38B	Apr 2011	ZWC.TO vs XEI.TO
ZWH.TO	BMO US High Dividend Covered Call ETF	Derivative Income	86	11.77%	1.13B	Feb 2014	ZWC.TO vs ZWH.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	97	19.57%	2.58B	Jan 2023	ZWC.TO vs HMAX.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	93	13.52%	24.26B	Sep 1999	ZWC.TO vs XIU.TO
CVD.TO	iShares Convertible Bond Index ETF	Convertible Bonds	44	5.77%	127.53M	Jun 2011	ZWC.TO vs CVD.TO
ZWU.TO	BMO Covered Call Utilities ETF	Utilities Equities, Derivative Income	67	10.50%	2.20B	Oct 2011	ZWC.TO vs ZWU.TO
ZWE.TO	BMO Europe High Dividend Covered Call Hedged to CA...	Europe Equities, Derivative Income, Dividend	63	8.05%	781.38M	Sep 2015	ZWC.TO vs ZWE.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	Utilities Equities, Equal Weight	79	21.53%	852.96M	Jan 2010	ZWC.TO vs ZUT.TO
ZDI.TO	BMO International Dividend ETF	Foreign Large Cap Equities, Dividend	77	16.78%	917.56M	Nov 2014	ZWC.TO vs ZDI.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	83	13.24%	317.70M	Jan 2020	ZWC.TO vs ZWG.TO
EIT-UN.TO	Canoe EIT Income Fund	Diversified Portfolio	95	17.08%	—	Aug 1997	ZWC.TO vs EIT-UN.TO
COW.TO	iShares Global Agriculture Index ETF	Large Cap Blend Equities	10	12.92%	273.50M	Dec 2007	ZWC.TO vs COW.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Quality Factor, Dividend, Large Cap Value Equities	98	29.20%	6.16B	Jun 2017	ZWC.TO vs XDIV.TO
ENB-PP.TO	Enbridge Inc.		96	13.74%	—	—	ZWC.TO vs ENB-PP.TO
PAYF.TO	Purpose Enhanced Premium Yield Fund	Derivative Income, Options Trading, Actively Managed	36	3.92%	85.30M	Apr 2019	ZWC.TO vs PAYF.TO
ZEM.TO	BMO MSCI Emerging Markets Index ETF	Emerging Markets Equities	63	19.92%	3.37B	Oct 2009	ZWC.TO vs ZEM.TO
LIFE.TO	Evolve Global Healthcare Enhanced Yield Fund	Health & Biotech Equities, Derivative Income, Options Trading, Global Equities	28	-1.47%	345.82M	Oct 2017	ZWC.TO vs LIFE.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	74	16.75%	0.00	Jul 2025	ZWC.TO vs SDAY.NEO

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.

Explore ZWC.TO Diversifiers

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