ZWK.TO Alternatives & Similar ETFs

BMO Covered Call US Banks ETF (ZWK.TO) belongs to the Financials Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZWK.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZWK.TO

ZWK.TO charges 0.65% annually. There are 10 ETFs in the Financials Equities category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
HBNK.TO	Global X Equal Weight Banks Index ETF	0.09%	—	Jul 2023	ZWK.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	0.19%	1.27B	Apr 2023	ZWK.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	5.16B	Oct 2009	ZWK.TO vs ZEB.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	ZWK.TO vs XUSF.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	121.72M	Sep 2013	ZWK.TO vs HXF.TO

Best Risk-Adjusted Alternatives to ZWK.TO

ZWK.TO has a PortfoliosLab risk / return rank of 42. There are 14 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	96	—	Feb 2022	ZWK.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	96	—	Jul 2023	ZWK.TO vs BNKL.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	96	5.16B	Oct 2009	ZWK.TO vs ZEB.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	96	—	Jul 2023	ZWK.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	96	1.27B	Apr 2023	ZWK.TO vs HEB.TO

Top Performing ZWK.TO Alternatives (YTD)

ZWK.TO is at 3.97% YTD. There are 16 ETFs in the Financials Equities category with higher YTD returns, going as high as 25.56%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	25.56%	—	Feb 2022	ZWK.TO vs CBNK.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	23.22%	77.00M	Jun 2007	ZWK.TO vs CFOU.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	20.92%	—	Jul 2023	ZWK.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	19.94%	454.41M	Oct 2017	ZWK.TO vs RBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	19.22%	5.16B	Oct 2009	ZWK.TO vs ZEB.TO

Lowest Volatility Alternatives to ZWK.TO

ZWK.TO has 19.03% 1-year volatility. There are 17 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 11.26%.

Symbol	Name	Volatility 1Y	AUM	Inception
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.26%	423.04M	Aug 2010	ZWK.TO vs CIC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.31%	4.34B	Jan 2024	ZWK.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.61%	381.54M	Feb 2008	ZWK.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.07%	2.24B	Mar 2001	ZWK.TO vs XFN.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	12.59%	187.53M	Jul 2023	ZWK.TO vs BKCL.TO

Lowest Drawdown Alternatives to ZWK.TO

ZWK.TO has a 1-year max drawdown of -15.73%. There are 16 ETFs in the Financials Equities category with shallower 1-year drawdowns, going as shallow as -7.13%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	-7.13%	381.54M	Feb 2008	ZWK.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.24B	Mar 2001	ZWK.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.34B	Jan 2024	ZWK.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	121.72M	Sep 2013	ZWK.TO vs HXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	-8.23%	423.04M	Aug 2010	ZWK.TO vs CIC.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	ZWK.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZWK.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZWK.TO vs ZEQT.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZWK.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZWK.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZWK.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZWK.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZWK.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZWK.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZWK.TO vs ZUQ.TO

Often Compared With ZWK.TO

Investors most often compare ZWK.TO with CALL.TO, HBA.TO, ZDI.TO. These 7 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CALL.TO	Evolve US Banks Enhanced Yield Fund Hedged Units		31	1.20%	148.05M	—	ZWK.TO vs CALL.TO
HBA.TO	Hamilton Australian Bank Equal-Weight Index ETF	Financials Equities	15	-0.51%	132.00M	Jun 2020	ZWK.TO vs HBA.TO
ZDI.TO	BMO International Dividend ETF	International Equity	46	10.68%	847.71M	Nov 2014	ZWK.TO vs ZDI.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	ZWK.TO vs VDY.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Global Equities	44	10.01%	12.24B	Feb 2014	ZWK.TO vs ZEA.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	38	5.02%	140.46M	Jan 2022	ZWK.TO vs EBNK.TO
ZWH.TO	BMO US High Dividend Covered Call ETF	Derivative Income	85	13.86%	1.13B	Feb 2014	ZWK.TO vs ZWH.TO

Compare ZWK.TO with Any Fund or Stock

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

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Diversifiers

Pair ZWK.TO with funds that move differently

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

Explore ZWK.TO Diversifiers

BMO Covered Call US Banks ETF (ZWK.TO) Alternatives