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 14 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%	1.72B	Jan 2018	ZWE.TO vs QDX.TO
ZEA.TO	BMO MSCI EAFE Index ETF	0.22%	13.26B	Feb 2014	ZWE.TO vs ZEA.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	0.23%	22.53B	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%	967.06M	Apr 2020	ZWE.TO vs XDSR.TO

Best Risk-Adjusted Alternatives to ZWE.TO

ZWE.TO has a PortfoliosLab risk / return rank of 45. There are 17 ETFs in the Foreign Large Cap Equities category with higher risk-adjusted ranks, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	93	156.05M	Oct 2014	ZWE.TO vs RIDH.TO
FCIV.TO	Fidelity International Value ETF	88	2.31B	Jun 2025	ZWE.TO vs FCIV.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	88	2.00B	Aug 2018	ZWE.TO vs VIDY.TO
ZXM.TO	CI Morningstar International Momentum Index ETF Co...	83	150.80M	Nov 2014	ZWE.TO vs ZXM.TO
FCRI.TO	Franklin International Core Equity Fund ETF Series	80	—	Jan 2026	ZWE.TO vs FCRI.TO

Top Performing ZWE.TO Alternatives (YTD)

ZWE.TO is at 6.03% YTD. There are 17 ETFs in the Foreign Large Cap Equities category with higher YTD returns, going as high as 18.43%.

Symbol	Name	YTD Return	AUM	Inception
FCIV.TO	Fidelity International Value ETF	18.43%	2.31B	Jun 2025	ZWE.TO vs FCIV.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	16.63%	2.00B	Aug 2018	ZWE.TO vs VIDY.TO
XDSR.TO	iShares ESG Advanced MSCI EAFE Index ETF	15.63%	967.06M	Apr 2020	ZWE.TO vs XDSR.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	15.46%	156.05M	Oct 2014	ZWE.TO vs RIDH.TO
ZXM.TO	CI Morningstar International Momentum Index ETF Co...	15.31%	150.80M	Nov 2014	ZWE.TO vs ZXM.TO

Lowest Volatility Alternatives to ZWE.TO

ZWE.TO has 11.08% 1-year volatility. There are 2 ETFs in the Foreign Large Cap Equities category with lower 1-year volatility, going as low as 8.45%.

Symbol	Name	Volatility 1Y	AUM	Inception
ZLD.TO	BMO Low Volatility International Equity Hedged to ...	8.45%	32.94M	Feb 2016	ZWE.TO vs ZLD.TO
ZLI.TO	BMO Low Volatility International Equity ETF	10.40%	284.95M	Sep 2015	ZWE.TO vs ZLI.TO
TILV.TO	TD Q International Low Volatility ETF	11.29%	130.72M	May 2019	ZWE.TO vs TILV.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	12.02%	156.05M	Oct 2014	ZWE.TO vs RIDH.TO
FCIL.NEO	Fidelity International Low Volatility ETF	12.32%	—	Jan 2019	ZWE.TO vs FCIL.NEO

Lowest Drawdown Alternatives to ZWE.TO

ZWE.TO has a 1-year max drawdown of -9.56%. There are 6 ETFs in the Foreign Large Cap Equities category with shallower 1-year drawdowns, going as shallow as -7.09%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ZLD.TO	BMO Low Volatility International Equity Hedged to ...	-7.09%	32.94M	Feb 2016	ZWE.TO vs ZLD.TO
TILV.TO	TD Q International Low Volatility ETF	-7.11%	130.72M	May 2019	ZWE.TO vs TILV.TO
ZLI.TO	BMO Low Volatility International Equity ETF	-8.37%	284.95M	Sep 2015	ZWE.TO vs ZLI.TO
FCIV.TO	Fidelity International Value ETF	-8.59%	2.31B	Jun 2025	ZWE.TO vs FCIV.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	-8.67%	156.05M	Oct 2014	ZWE.TO vs RIDH.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	1.25%	5.77B	Nov 2021	ZWE.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.65%	24.35B	Nov 2012	ZWE.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.44%	895.11M	Jan 2022	ZWE.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	36.93%	7.20B	Oct 2009	ZWE.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.95%	17.34B	May 2009	ZWE.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	38	15.43%	3.09B	Jan 2010	ZWE.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	64	19.67%	2.35B	Feb 2019	ZWE.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	53	7.89%	6.24B	Oct 2011	ZWE.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	33	1.25%	13.13B	Jan 2010	ZWE.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.62%	1.86B	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	96	14.98%	2.41B	Feb 2017	ZWE.TO vs ZWC.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	67	14.59%	147.56M	Jan 2022	ZWE.TO vs EBNK.TO
VE.TO	Vanguard FTSE Developed Europe All Cap Index ETF	Europe Equities	49	10.86%	670.66M	Jun 2014	ZWE.TO vs VE.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	98	31.96%	4.84B	Jan 2011	ZWE.TO vs ZWB.TO
IDV	iShares International Select Dividend ETF	Global Equities, Dividend	84	11.88%	8.08B	Jun 2007	ZWE.TO vs IDV
TEC.TO	TD Global Technology Leaders Index ETF	Technology Equities	48	15.77%	5.05B	May 2019	ZWE.TO vs TEC.TO
XSEA.TO	iShares ESG Aware MSCI EAFE Index ETF	Foreign Large Cap Equities	49	13.47%	368.09M	Mar 2019	ZWE.TO vs XSEA.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	27.27%	4.25B	Apr 2011	ZWE.TO vs XEI.TO
EACC.NEO	Global X MSCI EAFE Covered Call ETF	Derivative Income, Foreign Large Cap Equities	50	11.16%	—	May 2024	ZWE.TO vs EACC.NEO
BASE.TO	Evolve Global Materials & Mining Enhanced Yield In...	Materials	59	17.63%	100.24M	Jun 2019	ZWE.TO vs BASE.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	71	12.68%	323.65M	Jan 2020	ZWE.TO vs ZWG.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	26.60%	5.78B	Jun 2017	ZWE.TO vs XDIV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	54	13.18%	1.32B	Nov 2014	ZWE.TO vs ZUQ.TO
CPD.TO	iShares S&P/TSX Canadian Preferred Share Index ETF	Preferred Stock/Convertible Bonds	94	5.58%	1.08B	Apr 2007	ZWE.TO vs CPD.TO
ZDI.TO	BMO International Dividend ETF	International Equity	60	14.64%	881.02M	Nov 2014	ZWE.TO vs ZDI.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	Canada Equities	65	13.05%	1.26B	Sep 2006	ZWE.TO vs CDZ.TO
ESGE.TO	BMO MSCI EAFE Selection Equity Index ETF	Foreign Large Cap Equities	59	13.32%	126.95M	Jan 2020	ZWE.TO vs ESGE.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	79	13.67%	34.09B	Nov 2012	ZWE.TO vs VFV.TO
CMR.TO	iShares Premium Money Market ETF	Money Market	100	1.23%	2.63B	Feb 2008	ZWE.TO vs CMR.TO
FCID.TO	Fidelity International High Dividend ETF	Dividend	83	14.03%	347.90M	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