ZWH.TO Alternatives & Similar ETFs

BMO US High Dividend Covered Call ETF (ZWH.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 ZWH.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZWH.TO

ZWH.TO charges 0.65% annually. There are 37 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	249.48M	Jul 2023	ZWH.TO vs USCL.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	ZWH.TO vs ECHI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	155.19M	Nov 2025	ZWH.TO vs EQLI.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	235.30M	Sep 2024	ZWH.TO vs HBIL.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	ZWH.TO vs JEPI.TO

Best Risk-Adjusted Alternatives to ZWH.TO

ZWH.TO has a PortfoliosLab risk / return rank of 85. There are 14 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	98	—	Jun 2022	ZWH.TO vs HLIF.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	96	—	Feb 2022	ZWH.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	1.08B	Feb 2022	ZWH.TO vs BANK.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	95	187.53M	Jul 2023	ZWH.TO vs BKCL.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	94	370.01M	May 2011	ZWH.TO vs BKCC.TO

Top Performing ZWH.TO Alternatives (YTD)

ZWH.TO is at 13.86% YTD. There are 30 ETFs in the Derivative Income category with higher YTD returns, going as high as 59.96%.

Symbol	Name	YTD Return	AUM	Inception
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	59.96%	—	Feb 2025	ZWH.TO vs YAVG.NEO
AVGY.TO	Harvest Broadcom Enhanced High Income Shares ETF -...	42.92%	—	Mar 2025	ZWH.TO vs AVGY.TO
CNQE.TO	Harvest CNQ Enhanced High Income Shares ETF	39.35%	—	Aug 2025	ZWH.TO vs CNQE.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	36.58%	286.32M	Oct 2023	ZWH.TO vs ENCL.TO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	32.43%	116.31M	Feb 2015	ZWH.TO vs NXF.TO

Lowest Volatility Alternatives to ZWH.TO

ZWH.TO has 9.91% 1-year volatility. There are 15 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.66%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.66%	235.30M	Sep 2024	ZWH.TO vs HBIL.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.53%	226.83M	Jan 2024	ZWH.TO vs HPYM.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	6.65%	1.34B	Jun 2023	ZWH.TO vs UMAX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	6.85%	—	Jun 2022	ZWH.TO vs HLIF.TO
ZWU.TO	BMO Covered Call Utilities ETF	7.59%	2.17B	Oct 2011	ZWH.TO vs ZWU.TO

Lowest Drawdown Alternatives to ZWH.TO

ZWH.TO has a 1-year max drawdown of -5.69%. There are 10 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-0.95%	235.30M	Sep 2024	ZWH.TO vs HBIL.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	—	Jun 2022	ZWH.TO vs HLIF.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.85%	226.83M	Jan 2024	ZWH.TO vs HPYM.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	-4.57%	97.17M	Oct 2022	ZWH.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.17B	Oct 2011	ZWH.TO vs ZWU.TO

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

Often Compared With ZWH.TO

Investors most often compare ZWH.TO with ZWC.TO, JEPI, XEI.TO. These 20 comparison targets span 9 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	ZWH.TO vs ZWC.TO
JEPI	JPMorgan Equity Premium Income ETF	Dividend, Derivative Income	26	0.15%	44.59B	May 2020	ZWH.TO vs JEPI
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	22.21%	4.02B	Apr 2011	ZWH.TO vs XEI.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	19.17%	5.25B	Jun 2017	ZWH.TO vs XDIV.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	91	11.17%	2.34B	Jan 2023	ZWH.TO vs HMAX.TO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	80	19.01%	94.95B	Oct 2011	ZWH.TO vs SCHD
PDF.TO	Purpose Core Dividend Fund Series ETF		92	13.72%	436.60M	—	ZWH.TO vs PDF.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	74	12.30%	32.85B	Nov 2012	ZWH.TO vs VFV.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Canada Equities	93	8.54%	1.34B	Apr 2010	ZWH.TO vs FIE.TO
XUH.TO	iShares Core S&P U.S. Total Market Index ETF (CAD-...	Large Cap Blend Equities	59	9.59%	509.72M	Feb 2015	ZWH.TO vs XUH.TO
APR-UN.TO	Automotive Properties Real Estate Investment Trust		75	12.38%	—	—	ZWH.TO vs APR-UN.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	3.77%	—	Sep 2025	ZWH.TO vs CRCY.TO
TGED.TO	TD Active Global Enhanced Dividend ETF	Global Equity Income	55	18.74%	1.73B	Mar 2022	ZWH.TO vs TGED.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	9.14%	—	Jul 2025	ZWH.TO vs SDAY.NEO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	ZWH.TO vs VDY.TO
HYLD	High Yield ETF	High Yield Bonds	—	—	95.91M	Nov 2010	ZWH.TO vs HYLD
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	92	16.21%	1.63B	Jul 2021	ZWH.TO vs HDIV.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	Nasdaq-100, Derivative Income	78	11.09%	136.22M	Sep 2024	ZWH.TO vs JEPQ.TO
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	ZWH.TO vs VOO
XDU.TO	iShares Core MSCI US Quality Dividend Index ETF	Large Cap Value Equities, Dividend	47	11.82%	286.82M	Jun 2017	ZWH.TO vs XDU.TO

Compare ZWH.TO with Any Fund or Stock

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

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Diversifiers

Pair ZWH.TO with funds that move differently

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

Explore ZWH.TO Diversifiers

BMO US High Dividend Covered Call ETF (ZWH.TO) Alternatives