ZWE.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to ZWE.TO

ZWE.TO charges 0.65% annually. There are 12 ETFs in the Foreign Large Cap Equities category with lower expense ratios, going as low as 0.17%.

Symbol	Name	Expense Ratio	AUM	Inception
QDX.TO	Mackenzie International Equity Index ETF	0.17%	1.52B	Jan 2018	ZWE.TO vs QDX.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	0.23%	21.46B	Apr 2013	ZWE.TO vs XEF.TO
FLUR.NEO	Franklin International Equity Index ETF	0.27%	—	Feb 2019	ZWE.TO vs FLUR.NEO
XDSR.TO	iShares ESG Advanced MSCI EAFE Index ETF	0.28%	357.29M	Apr 2020	ZWE.TO vs XDSR.TO
XSEA.TO	iShares ESG Aware MSCI EAFE Index ETF	0.28%	351.13M	Mar 2019	ZWE.TO vs XSEA.TO

Best Risk-Adjusted Alternatives to ZWE.TO

ZWE.TO has a PortfoliosLab risk / return rank of 30. There are 11 ETFs in the Foreign Large Cap Equities category with higher risk-adjusted ranks, going as high as 81.

Symbol	Name	Risk / Return Rank	AUM	Inception
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	81	145.76M	Oct 2014	ZWE.TO vs RIDH.TO
ZXM.TO	CI Morningstar International Momentum Index ETF Co...	71	124.79M	Nov 2014	ZWE.TO vs ZXM.TO
FCIV.TO	Fidelity International Value ETF	64	2.08B	Jun 2025	ZWE.TO vs FCIV.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	59	1.90B	Aug 2018	ZWE.TO vs VIDY.TO
QDX.TO	Mackenzie International Equity Index ETF	48	1.52B	Jan 2018	ZWE.TO vs QDX.TO

Top Performing ZWE.TO Alternatives (YTD)

ZWE.TO is at 3.89% YTD. There are 13 ETFs in the Foreign Large Cap Equities category with higher YTD returns, going as high as 12.33%.

Symbol	Name	YTD Return	AUM	Inception
ZXM.TO	CI Morningstar International Momentum Index ETF Co...	12.33%	124.79M	Nov 2014	ZWE.TO vs ZXM.TO
FCIV.TO	Fidelity International Value ETF	12.00%	2.08B	Jun 2025	ZWE.TO vs FCIV.TO
XDSR.TO	iShares ESG Advanced MSCI EAFE Index ETF	11.94%	357.29M	Apr 2020	ZWE.TO vs XDSR.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	11.50%	145.76M	Oct 2014	ZWE.TO vs RIDH.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	10.45%	1.90B	Aug 2018	ZWE.TO vs VIDY.TO

Lowest Volatility Alternatives to ZWE.TO

ZWE.TO has 11.00% 1-year volatility. There is 1 ETF in the Foreign Large Cap Equities category with lower 1-year volatility, going as low as 10.30%.

Symbol	Name	Volatility 1Y	AUM	Inception
ZLI.TO	BMO Low Volatility International Equity ETF	10.30%	284.99M	Sep 2015	ZWE.TO vs ZLI.TO
TILV.TO	TD Q International Low Volatility ETF	11.13%	133.63M	May 2019	ZWE.TO vs TILV.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	11.91%	145.76M	Oct 2014	ZWE.TO vs RIDH.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	13.21%	1.90B	Aug 2018	ZWE.TO vs VIDY.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	13.85%	21.46B	Apr 2013	ZWE.TO vs XEF.TO

Lowest Drawdown Alternatives to ZWE.TO

ZWE.TO has a 1-year max drawdown of -9.56%. There are 5 ETFs in the Foreign Large Cap Equities category with shallower 1-year drawdowns, going as shallow as -7.11%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
TILV.TO	TD Q International Low Volatility ETF	-7.11%	133.63M	May 2019	ZWE.TO vs TILV.TO
ZLI.TO	BMO Low Volatility International Equity ETF	-8.37%	284.99M	Sep 2015	ZWE.TO vs ZLI.TO
FCIV.TO	Fidelity International Value ETF	-8.59%	2.08B	Jun 2025	ZWE.TO vs FCIV.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	-8.67%	145.76M	Oct 2014	ZWE.TO vs RIDH.TO
FCIL.NEO	Fidelity International Low Volatility ETF	-9.17%	—	Jan 2019	ZWE.TO vs FCIL.NEO

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	ZWE.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZWE.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZWE.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZWE.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZWE.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZWE.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZWE.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZWE.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZWE.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZWE.TO vs ZDV.TO

Often Compared With ZWE.TO

Investors most often compare ZWE.TO with ZWC.TO, EBNK.TO, VE.TO. These 20 comparison targets span 16 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	ZWE.TO vs ZWC.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	38	5.02%	140.46M	Jan 2022	ZWE.TO vs EBNK.TO
VE.TO	Vanguard FTSE Developed Europe All Cap Index ETF	Europe Equities	34	6.65%	649.53M	Jun 2014	ZWE.TO vs VE.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities	95	16.23%	4.34B	Jan 2024	ZWE.TO vs ZWB.TO
IDV	iShares International Select Dividend ETF	Global Equities, Dividend	83	12.32%	8.61B	Jun 2007	ZWE.TO vs IDV
TEC.TO	TD Global Technology Leaders Index ETF	Technology Equities	58	17.96%	5.04B	May 2019	ZWE.TO vs TEC.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	22.21%	4.02B	Apr 2011	ZWE.TO vs XEI.TO
EACC.NEO	Global X MSCI EAFE Covered Call ETF	Derivative Income, Foreign Large Cap Equities	38	7.82%	—	May 2024	ZWE.TO vs EACC.NEO
FCRI.TO	Franklin International Core Equity Fund ETF Series	Foreign Large Cap Equities	—	6.96%	—	Jan 2026	ZWE.TO vs FCRI.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZWE.TO vs ZUQ.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	19.17%	5.25B	Jun 2017	ZWE.TO vs XDIV.TO
BASE.TO	Evolve Global Materials & Mining Enhanced Yield In...	Materials	79	29.75%	106.42M	Jun 2019	ZWE.TO vs BASE.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	64	11.46%	337.99M	Jan 2020	ZWE.TO vs ZWG.TO
CPD.TO	iShares S&P/TSX Canadian Preferred Share Index ETF	Preferred Stock/Convertible Bonds	93	3.57%	1.07B	Apr 2007	ZWE.TO vs CPD.TO
CMR.TO	iShares Premium Money Market ETF	Money Market	99	0.97%	2.67B	Feb 2008	ZWE.TO vs CMR.TO
ZDI.TO	BMO International Dividend ETF	International Equity	46	10.68%	847.71M	Nov 2014	ZWE.TO vs ZDI.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	Canada Equities	84	13.46%	1.22B	Sep 2006	ZWE.TO vs CDZ.TO
FCID.TO	Fidelity International High Dividend ETF	Dividend	64	10.23%	326.60M	Sep 2018	ZWE.TO vs FCID.TO
REET	iShares Global REIT ETF	REIT	28	8.07%	4.77B	Jul 2014	ZWE.TO vs REET
VEE.TO	Vanguard FTSE Emerging Markets All Cap Index ETF	Emerging Markets Equities	60	13.54%	4.23B	Nov 2011	ZWE.TO vs VEE.TO

Compare ZWE.TO with Any Fund or Stock

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

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Pair ZWE.TO with funds that move differently

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

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BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE.TO) Alternatives