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

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to ZWE.TO

ZWE.TO charges 0.65% annually. Among ETFs in the Foreign Large Cap Equities category, these options have the lowest expense ratios among ZWE.TO alternatives.

Symbol	Name	Expense Ratio	Inception
QDX.TO	Mackenzie International Equity Index ETF	0.17%	Jan 24, 2018	ZWE.TO vs QDX.TO
XSEA.TO	iShares ESG Aware MSCI EAFE Index ETF	0.28%	Mar 18, 2019	ZWE.TO vs XSEA.TO
XDSR.TO	iShares ESG Advanced MSCI EAFE Index ETF	0.28%	Apr 15, 2020	ZWE.TO vs XDSR.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	0.31%	Aug 21, 2018	ZWE.TO vs VIDY.TO
ZLI.TO	BMO Low Volatility International Equity ETF	0.40%	Sep 2, 2015	ZWE.TO vs ZLI.TO

Best Risk-Adjusted Alternatives to ZWE.TO

Among ETFs in the Foreign Large Cap Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ZXM.TO	CI Morningstar International Momentum Index ETF Co...	91	Nov 13, 2014	ZWE.TO vs ZXM.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	89	Oct 22, 2014	ZWE.TO vs RIDH.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	87	Aug 21, 2018	ZWE.TO vs VIDY.TO
FCIV.TO	Fidelity International Value ETF	85	Jun 3, 2025	ZWE.TO vs FCIV.TO
TILV.TO	TD Q International Low Volatility ETF	81	May 7, 2019	ZWE.TO vs TILV.TO

Top Performing ZWE.TO Alternatives (YTD)

ZWE.TO alternatives from the Foreign Large Cap Equities category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
FCIV.TO	Fidelity International Value ETF	10.05%	Jun 3, 2025	ZWE.TO vs FCIV.TO
TILV.TO	TD Q International Low Volatility ETF	9.13%	May 7, 2019	ZWE.TO vs TILV.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	7.03%	Oct 22, 2014	ZWE.TO vs RIDH.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	6.94%	Aug 21, 2018	ZWE.TO vs VIDY.TO
FCIL.NEO	Fidelity International Low Volatility ETF	5.42%	Jan 18, 2019	ZWE.TO vs FCIL.NEO

Lowest Volatility Alternatives to ZWE.TO

ZWE.TO alternatives from the Foreign Large Cap Equities category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
TILV.TO	TD Q International Low Volatility ETF	11.51%	May 7, 2019	ZWE.TO vs TILV.TO
ZLI.TO	BMO Low Volatility International Equity ETF	11.89%	Sep 2, 2015	ZWE.TO vs ZLI.TO
FCRI.TO	Franklin International Core Equity Fund ETF Series	13.39%	Jan 13, 2026	ZWE.TO vs FCRI.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	15.84%	Aug 21, 2018	ZWE.TO vs VIDY.TO
FCIL.NEO	Fidelity International Low Volatility ETF	15.99%	Jan 18, 2019	ZWE.TO vs FCIL.NEO

Lowest Drawdown Alternatives to ZWE.TO

ZWE.TO alternatives from the Foreign Large Cap Equities category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
TILV.TO	TD Q International Low Volatility ETF	-7.21%	May 7, 2019	ZWE.TO vs TILV.TO
ZLI.TO	BMO Low Volatility International Equity ETF	-8.37%	Sep 2, 2015	ZWE.TO vs ZLI.TO
FCIL.NEO	Fidelity International Low Volatility ETF	-9.17%	Jan 18, 2019	ZWE.TO vs FCIL.NEO
ZXM.TO	CI Morningstar International Momentum Index ETF Co...	-10.36%	Nov 13, 2014	ZWE.TO vs ZXM.TO
QDX.TO	Mackenzie International Equity Index ETF	-11.30%	Jan 24, 2018	ZWE.TO vs QDX.TO

Other ETFs from BMO

Most popular BMO ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	100	0.57%	Nov 28, 2021	ZWE.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	47	-3.17%	Nov 14, 2012	ZWE.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	0.41%	Jan 24, 2022	ZWE.TO vs ZEQT.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	94	3.87%	May 29, 2009	ZWE.TO vs ZCN.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	98	1.92%	Oct 19, 2009	ZWE.TO vs ZEB.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Large Cap Growth Equities	62	-6.55%	Jan 19, 2010	ZWE.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Large Cap Blend Equities	54	-4.69%	Feb 11, 2019	ZWE.TO vs ZNQ.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	16	0.04%	Jan 19, 2010	ZWE.TO vs ZAG.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	82	1.42%	Oct 21, 2011	ZWE.TO vs ZLB.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	26	-2.48%	Nov 4, 2014	ZWE.TO vs ZUQ.TO

Often Compared With ZWE.TO

What investors most often compare with ZWE.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	96	6.38%	Feb 3, 2017	ZWE.TO vs ZWC.TO
VE.TO	Vanguard FTSE Developed Europe All Cap Index ETF	Europe Equities	55	0.12%	Jun 30, 2014	ZWE.TO vs VE.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	58	-4.60%	Jan 7, 2022	ZWE.TO vs EBNK.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	Global Equities	70	2.29%	Apr 10, 2013	ZWE.TO vs XEF.TO
IDV	iShares International Select Dividend ETF	Global Equities, Dividend	97	8.40%	Jun 11, 2007	ZWE.TO vs IDV
TEC.TO	TD Global Technology Leaders Index ETF	Technology Equities	44	-9.09%	Mar 29, 2022	ZWE.TO vs TEC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities	98	1.45%	Jan 9, 2024	ZWE.TO vs ZWB.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	97	13.91%	Apr 12, 2011	ZWE.TO vs XEI.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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BMO Europe High Dividend Covered Call Hedged to CAD ETF

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