ZWU.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to ZWU.TO

ZWU.TO charges 0.65% annually. There are 3 ETFs in the Utilities Equities category with lower expense ratios, going as low as 0.50%.

Symbol	Name	Expense Ratio	AUM	Inception
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	0.50%	101.38M	Oct 2022	ZWU.TO vs HUTE.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	0.61%	495.96M	Apr 2011	ZWU.TO vs XUT.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	0.61%	844.73M	Jan 2010	ZWU.TO vs ZUT.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	0.65%	1.36B	Jun 2023	ZWU.TO vs UMAX.TO
HUTL.TO	Harvest Equal Weight Global Utilities Income ETF	0.67%	533.27M	Jan 2019	ZWU.TO vs HUTL.TO

Best Risk-Adjusted Alternatives to ZWU.TO

ZWU.TO has a PortfoliosLab risk / return rank of 75. There are 2 ETFs in the Utilities Equities category with higher risk-adjusted ranks, going as high as 94.

Symbol	Name	Risk / Return Rank	AUM	Inception
HUTS.TO	Hamilton Enhanced Utilities ETF	94	235.70M	Sep 2022	ZWU.TO vs HUTS.TO
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	92	—	Aug 2022	ZWU.TO vs UTIL.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	74	495.96M	Apr 2011	ZWU.TO vs XUT.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	74	844.73M	Jan 2010	ZWU.TO vs ZUT.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	74	1.36B	Jun 2023	ZWU.TO vs UMAX.TO

Top Performing ZWU.TO Alternatives (YTD)

ZWU.TO is at 12.39% YTD. There are 5 ETFs in the Utilities Equities category with higher YTD returns, going as high as 21.48%.

Symbol	Name	YTD Return	AUM	Inception
ZUT.TO	BMO Equal Weight Utilities Index ETF	21.48%	844.73M	Jan 2010	ZWU.TO vs ZUT.TO
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	20.07%	—	Aug 2022	ZWU.TO vs UTIL.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	19.95%	235.70M	Sep 2022	ZWU.TO vs HUTS.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	17.16%	495.96M	Apr 2011	ZWU.TO vs XUT.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	13.36%	101.38M	Oct 2022	ZWU.TO vs HUTE.TO

Lowest Volatility Alternatives to ZWU.TO

ZWU.TO has 7.68% 1-year volatility. There is 1 ETF in the Utilities Equities category with lower 1-year volatility, going as low as 6.88%.

Symbol	Name	Volatility 1Y	AUM	Inception
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	6.88%	1.36B	Jun 2023	ZWU.TO vs UMAX.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	8.79%	495.96M	Apr 2011	ZWU.TO vs XUT.TO
UMVP.TO	Hamilton Champions Utilities Index ETF	9.15%	—	Jan 2026	ZWU.TO vs UMVP.TO
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	9.58%	—	Aug 2022	ZWU.TO vs UTIL.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	9.72%	235.70M	Sep 2022	ZWU.TO vs HUTS.TO

Lowest Drawdown Alternatives to ZWU.TO

ZWU.TO has a 1-year max drawdown of -4.86%. There are 2 ETFs in the Utilities Equities category with shallower 1-year drawdowns, going as shallow as -4.49%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HUTL.TO	Harvest Equal Weight Global Utilities Income ETF	-4.49%	533.27M	Jan 2019	ZWU.TO vs HUTL.TO
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	-4.62%	—	Aug 2022	ZWU.TO vs UTIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-5.11%	1.36B	Jun 2023	ZWU.TO vs UMAX.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	-5.84%	235.70M	Sep 2022	ZWU.TO vs HUTS.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	-6.31%	101.38M	Oct 2022	ZWU.TO vs HUTE.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 8 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	99	1.09%	5.68B	Nov 2021	ZWU.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	11.86%	24.23B	Nov 2012	ZWU.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	79	13.48%	846.16M	Jan 2022	ZWU.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	97	30.69%	6.15B	Oct 2009	ZWU.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	81	11.25%	16.91B	May 2009	ZWU.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	41	14.60%	3.24B	Jan 2010	ZWU.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	20.44%	2.39B	Feb 2019	ZWU.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	45	6.82%	6.18B	Oct 2011	ZWU.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.97B	Jan 2010	ZWU.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	20.55%	1.83B	Oct 2011	ZWU.TO vs ZDV.TO

Often Compared With ZWU.TO

Investors most often compare ZWU.TO with UTES.TO, ZWC.TO, PAYF.TO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	86	14.78%	412.15M	Sep 2024	ZWU.TO vs UTES.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	93	12.66%	2.35B	Feb 2017	ZWU.TO vs ZWC.TO
PAYF.TO	Purpose Enhanced Premium Yield Fund		28	2.00%	82.20M	—	ZWU.TO vs PAYF.TO
SYLD.TO	Purpose Strategic Yield Fund		95	3.29%	512.00M	—	ZWU.TO vs SYLD.TO
VGG.TO	Vanguard U.S. Dividend Appreciation Index ETF	Dividend, Large Cap Blend Equities	70	10.93%	2.46B	Aug 2013	ZWU.TO vs VGG.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	24.99%	7.99B	Nov 2012	ZWU.TO vs VDY.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	97	26.23%	4.65B	Jan 2011	ZWU.TO vs ZWB.TO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income, Precious Metals	25	-7.81%	504.60M	Feb 2024	ZWU.TO vs AMAX.TO
CRT-UN.TO	CT Real Estate Investment Trust		83	13.54%	—	—	ZWU.TO vs CRT-UN.TO
ZWEN.TO	BMO Covered Call Energy ETF	Energy Equities	63	25.05%	128.30M	Jan 2023	ZWU.TO vs ZWEN.TO
ZWP.TO	BMO Covered Call Europe High Dividend ETF	Europe Equities, Derivative Income	40	5.98%	1.09B	Mar 2018	ZWU.TO vs ZWP.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	95	17.83%	2.47B	Jan 2023	ZWU.TO vs HMAX.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	93	18.72%	1.70B	Jul 2021	ZWU.TO vs HDIV.TO
EIT-UN.TO	Canoe EIT Income Fund	Diversified Portfolio	79	13.25%	—	Aug 1997	ZWU.TO vs EIT-UN.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	77	16.46%	732.86M	Sep 2011	ZWU.TO vs QQCC.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	23	4.33%	1.74B	Jan 2025	ZWU.TO vs HHIS.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	Energy Equities	62	26.92%	—	Mar 2025	ZWU.TO vs OILY.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	77	24.43%	708.27M	Apr 2011	ZWU.TO vs ENCC.TO
USCC.TO	Global X S&P 500 Covered Call ETF	Derivative Income, S&P 500	80	10.19%	561.57M	Sep 2011	ZWU.TO vs USCC.TO
QQQY.TO	Evolve NASDAQ Technology Enhanced Yield Index Fund	Nasdaq-100, Derivative Income	61	14.40%	133.42M	Oct 2025	ZWU.TO vs QQQY.TO

Compare ZWU.TO with Any Fund or Stock

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

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Diversifiers

Pair ZWU.TO with funds that move differently

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

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BMO Covered Call Utilities ETF (ZWU.TO) Alternatives