BMO US High Dividend Covered Call Hedged to CAD ETF (ZWS.TO)

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The chart shows the growth of an initial investment of CA$10,000 in BMO US High Dividend Covered Call Hedged to CAD ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

BMO US High Dividend Covered Call Hedged to CAD ETF (ZWS.TO) has returned 1.31% so far this year and 20.88% over the past 12 months.

Based on dividend-adjusted daily data since Mar 7, 2018, ZWS.TO's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, your investment would double in approximately 8.4 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +13.9%, while the worst month was Mar 2020 at -16.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, ZWS.TO closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +10.3%, while the worst single day was Mar 16, 2020 at -11.8%.

BMO US High Dividend Covered Call Hedged to CAD ETF has an annualized alpha of -0.90%, beta of 0.77, and R² of 0.57 versus S&P 500 Index. Calculated based on daily prices since March 08, 2018.

• This ETF participated in 96.68% of S&P 500 Index downside but only 80.44% of its upside — more exposed to losses than it benefited from rallies.

ZWS.TO has an expense ratio of 0.65%, placing it in the medium range.

ZWS.TO ranks 37 for risk / return — below 37% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for BMO US High Dividend Covered Call Hedged to CAD ETF (ZWS.TO) and compare them to a chosen benchmark (S&P 500 Index).

BMO US High Dividend Covered Call Hedged to CAD ETF provided a 6.08% dividend yield over the last twelve months, with an annual payout of CA$1.26 per share.

The table displays the monthly dividend distributions for BMO US High Dividend Covered Call Hedged to CAD ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BMO US High Dividend Covered Call Hedged to CAD ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BMO US High Dividend Covered Call Hedged to CAD ETF was 40.04%, occurring on Mar 23, 2020. Recovery took 198 trading sessions.

The current BMO US High Dividend Covered Call Hedged to CAD ETF drawdown is 4.70%.

The chart below shows the rolling one-month volatility.