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 13 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%	1.67B	Jan 2018	ZWE.TO vs QDX.TO
ZEA.TO	BMO MSCI EAFE Index ETF	0.22%	13.21B	Feb 2014	ZWE.TO vs ZEA.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	0.23%	22.44B	Apr 2013	ZWE.TO vs XEF.TO
FLUR.NEO	Franklin International Equity Index ETF	0.27%	—	Feb 2019	ZWE.TO vs FLUR.NEO
XSEA.TO	iShares ESG Aware MSCI EAFE Index ETF	0.28%	366.74M	Mar 2019	ZWE.TO vs XSEA.TO

Best Risk-Adjusted Alternatives to ZWE.TO

ZWE.TO has a PortfoliosLab risk / return rank of 43. There are 12 ETFs in the Foreign Large Cap Equities category with higher risk-adjusted ranks, going as high as 90.

Symbol	Name	Risk / Return Rank	AUM	Inception
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	90	149.91M	Oct 2014	ZWE.TO vs RIDH.TO
ZXM.TO	CI Morningstar International Momentum Index ETF Co...	82	155.25M	Nov 2014	ZWE.TO vs ZXM.TO
FCIV.TO	Fidelity International Value ETF	77	2.19B	Jun 2025	ZWE.TO vs FCIV.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	75	1.90B	Aug 2018	ZWE.TO vs VIDY.TO
FLUR.NEO	Franklin International Equity Index ETF	56	—	Feb 2019	ZWE.TO vs FLUR.NEO

Top Performing ZWE.TO Alternatives (YTD)

ZWE.TO is at 5.54% YTD. There are 14 ETFs in the Foreign Large Cap Equities category with higher YTD returns, going as high as 16.04%.

Symbol	Name	YTD Return	AUM	Inception
ZXM.TO	CI Morningstar International Momentum Index ETF Co...	16.04%	155.25M	Nov 2014	ZWE.TO vs ZXM.TO
FCIV.TO	Fidelity International Value ETF	14.83%	2.19B	Jun 2025	ZWE.TO vs FCIV.TO
XDSR.TO	iShares ESG Advanced MSCI EAFE Index ETF	14.81%	382.27M	Apr 2020	ZWE.TO vs XDSR.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	13.09%	1.90B	Aug 2018	ZWE.TO vs VIDY.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	13.07%	149.91M	Oct 2014	ZWE.TO vs RIDH.TO

Lowest Volatility Alternatives to ZWE.TO

ZWE.TO has 11.14% 1-year volatility. There is 1 ETF in the Foreign Large Cap Equities category with lower 1-year volatility, going as low as 10.46%.

Symbol	Name	Volatility 1Y	AUM	Inception
ZLI.TO	BMO Low Volatility International Equity ETF	10.46%	291.46M	Sep 2015	ZWE.TO vs ZLI.TO
TILV.TO	TD Q International Low Volatility ETF	11.37%	135.17M	May 2019	ZWE.TO vs TILV.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	12.12%	149.91M	Oct 2014	ZWE.TO vs RIDH.TO
FCIL.NEO	Fidelity International Low Volatility ETF	12.23%	—	Jan 2019	ZWE.TO vs FCIL.NEO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	13.36%	1.90B	Aug 2018	ZWE.TO vs VIDY.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%	135.17M	May 2019	ZWE.TO vs TILV.TO
ZLI.TO	BMO Low Volatility International Equity ETF	-8.37%	291.46M	Sep 2015	ZWE.TO vs ZLI.TO
FCIV.TO	Fidelity International Value ETF	-8.59%	2.19B	Jun 2025	ZWE.TO vs FCIV.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	-8.67%	149.91M	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 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	1.11%	5.68B	Nov 2021	ZWE.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	73	11.92%	24.23B	Nov 2012	ZWE.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	80	13.34%	846.16M	Jan 2022	ZWE.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	30.07%	6.15B	Oct 2009	ZWE.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	83	10.54%	16.91B	May 2009	ZWE.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	39	14.23%	3.24B	Jan 2010	ZWE.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	68	20.05%	2.39B	Feb 2019	ZWE.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	51	7.81%	6.18B	Oct 2011	ZWE.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	24	2.21%	12.97B	Jan 2010	ZWE.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	19.41%	1.83B	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 17 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	94	11.81%	2.35B	Feb 2017	ZWE.TO vs ZWC.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	52	8.74%	146.10M	Jan 2022	ZWE.TO vs EBNK.TO
VE.TO	Vanguard FTSE Developed Europe All Cap Index ETF	Europe Equities	42	9.49%	649.53M	Jun 2014	ZWE.TO vs VE.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	97	25.65%	4.65B	Jan 2011	ZWE.TO vs ZWB.TO
IDV	iShares International Select Dividend ETF	Global Equities, Dividend	73	8.04%	8.22B	Jun 2007	ZWE.TO vs IDV
TEC.TO	TD Global Technology Leaders Index ETF	Technology Equities	46	12.98%	4.93B	May 2019	ZWE.TO vs TEC.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	97	23.00%	4.13B	Apr 2011	ZWE.TO vs XEI.TO
EACC.NEO	Global X MSCI EAFE Covered Call ETF	Derivative Income, Foreign Large Cap Equities	45	10.08%	—	May 2024	ZWE.TO vs EACC.NEO
FCRI.TO	Franklin International Core Equity Fund ETF Series	Foreign Large Cap Equities	—	10.13%	—	Jan 2026	ZWE.TO vs FCRI.TO
BASE.TO	Evolve Global Materials & Mining Enhanced Yield In...	Materials	64	17.88%	109.53M	Jun 2019	ZWE.TO vs BASE.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	20.61%	5.54B	Jun 2017	ZWE.TO vs XDIV.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	73	13.42%	319.94M	Jan 2020	ZWE.TO vs ZWG.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	47	10.92%	1.30B	Nov 2014	ZWE.TO vs ZUQ.TO
CPD.TO	iShares S&P/TSX Canadian Preferred Share Index ETF	Preferred Stock/Convertible Bonds	93	4.02%	1.07B	Apr 2007	ZWE.TO vs CPD.TO
ZDI.TO	BMO International Dividend ETF	International Equity	47	12.33%	873.50M	Nov 2014	ZWE.TO vs ZDI.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	Canada Equities	52	8.97%	1.23B	Sep 2006	ZWE.TO vs CDZ.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	74	11.92%	32.85B	Nov 2012	ZWE.TO vs VFV.TO
CMR.TO	iShares Premium Money Market ETF	Money Market	100	1.11%	2.60B	Feb 2008	ZWE.TO vs CMR.TO
VEE.TO	Vanguard FTSE Emerging Markets All Cap Index ETF	Emerging Markets Equities	56	13.66%	4.23B	Nov 2011	ZWE.TO vs VEE.TO
FCID.TO	Fidelity International High Dividend ETF	Dividend	67	9.68%	347.00M	Sep 2018	ZWE.TO vs FCID.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