BMO Global High Dividend Covered Call ETF (ZWG.TO) Alternatives

BMO Global High Dividend Covered Call ETF (ZWG.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 ZWG.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 ZWG.TO

ZWG.TO charges 0.65% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among ZWG.TO alternatives.

Symbol	Name	Expense Ratio	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	Jul 5, 2023	ZWG.TO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	Nov 6, 2025	ZWG.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	Aug 22, 2025	ZWG.TO vs ECHI.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	Sep 27, 2024	ZWG.TO vs JEPI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	Sep 27, 2024	ZWG.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to ZWG.TO

Among ETFs in the Derivative Income 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
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	97	Jun 8, 2022	ZWG.TO vs HLIF.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	Jul 5, 2023	ZWG.TO vs BKCL.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	97	May 16, 2011	ZWG.TO vs BKCC.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	Feb 1, 2022	ZWG.TO vs BANK.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	95	Feb 3, 2017	ZWG.TO vs ZWC.TO

Top Performing ZWG.TO Alternatives (YTD)

ZWG.TO alternatives from the Derivative Income category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	28.41%	Feb 6, 2024	ZWG.TO vs EMAX.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	25.17%	Oct 10, 2023	ZWG.TO vs ENCL.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	19.85%	Apr 11, 2011	ZWG.TO vs ENCC.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	13.43%	Oct 25, 2022	ZWG.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	11.36%	Oct 20, 2011	ZWG.TO vs ZWU.TO

Lowest Volatility Alternatives to ZWG.TO

ZWG.TO alternatives from the Derivative Income category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.85%	Sep 12, 2024	ZWG.TO vs HBIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	7.74%	Jun 14, 2023	ZWG.TO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	9.11%	Oct 20, 2011	ZWG.TO vs ZWU.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	9.53%	May 30, 2024	ZWG.TO vs HPYT.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	9.54%	Jun 8, 2022	ZWG.TO vs HLIF.TO

Lowest Drawdown Alternatives to ZWG.TO

ZWG.TO alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-1.30%	Sep 12, 2024	ZWG.TO vs HBIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-6.23%	Jun 14, 2023	ZWG.TO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	-6.71%	Oct 20, 2011	ZWG.TO vs ZWU.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	-7.71%	May 16, 2011	ZWG.TO vs BKCC.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	-7.76%	May 30, 2024	ZWG.TO vs HPYT.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	ZWG.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	41	-2.67%	Nov 14, 2012	ZWG.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	71	1.00%	Jan 24, 2022	ZWG.TO vs ZEQT.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	93	4.54%	May 29, 2009	ZWG.TO vs ZCN.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	98	3.26%	Oct 19, 2009	ZWG.TO vs ZEB.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Large Cap Growth Equities	58	-5.43%	Jan 19, 2010	ZWG.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Large Cap Blend Equities	50	-3.70%	Feb 11, 2019	ZWG.TO vs ZNQ.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	12	-0.11%	Jan 19, 2010	ZWG.TO vs ZAG.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	78	1.94%	Oct 21, 2011	ZWG.TO vs ZLB.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	25	-1.91%	Nov 4, 2014	ZWG.TO vs ZUQ.TO

Often Compared With ZWG.TO

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	94	-0.48%	Jan 20, 2023	ZWG.TO vs HMAX.TO
ZDI.TO	BMO International Dividend ETF	International Equity	69	8.08%	Nov 5, 2014	ZWG.TO vs ZDI.TO
ZDJ.TO	BMO Dow Jones Industrial Average Hedged to CAD Ind...	Large Cap Blend Equities	34	-3.79%	Feb 3, 2011	ZWG.TO vs ZDJ.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities	98	2.72%	Jan 9, 2024	ZWG.TO vs ZWB.TO
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	Gold	85	11.93%	Mar 8, 2024	ZWG.TO vs ZGLD.TO
IDVO	Amplify International Enhanced Dividend Income ETF	Foreign Large Cap Equities, Dividend, Actively Managed	91	8.39%	Sep 8, 2022	ZWG.TO vs IDVO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	89	10.78%	Sep 3, 2024	ZWG.TO vs UTES.TO

Compare ZWG.TO with Any Fund or Stock

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

Symbol name

BMO Global High Dividend Covered Call ETF

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