BMO Covered Call Utilities ETF (ZWU.TO) Alternatives

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to ZWU.TO

ZWU.TO charges 0.65% annually. Among ETFs in the Utilities Equities category, these options have the lowest expense ratios among ZWU.TO alternatives.

Symbol	Name	Expense Ratio	Inception
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	0.50%	Oct 25, 2022	ZWU.TO vs HUTE.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	0.61%	Jan 19, 2010	ZWU.TO vs ZUT.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	0.61%	Apr 12, 2011	ZWU.TO vs XUT.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	0.65%	Jun 14, 2023	ZWU.TO vs UMAX.TO
HUTL.TO	Harvest Equal Weight Global Utilities Income ETF	0.67%	Jan 10, 2019	ZWU.TO vs HUTL.TO

Best Risk-Adjusted Alternatives to ZWU.TO

Among ETFs in the Utilities Equities 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
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	95	Aug 9, 2022	ZWU.TO vs UTIL.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	92	Jan 19, 2010	ZWU.TO vs ZUT.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	90	Apr 12, 2011	ZWU.TO vs XUT.TO
HUTL.TO	Harvest Equal Weight Global Utilities Income ETF	81	Jan 10, 2019	ZWU.TO vs HUTL.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	81	Oct 25, 2022	ZWU.TO vs HUTE.TO

Top Performing ZWU.TO Alternatives (YTD)

ZWU.TO alternatives from the Utilities Equities category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
ZUT.TO	BMO Equal Weight Utilities Index ETF	15.64%	Jan 19, 2010	ZWU.TO vs ZUT.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	12.55%	Oct 25, 2022	ZWU.TO vs HUTE.TO
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	11.63%	Aug 9, 2022	ZWU.TO vs UTIL.TO
HUTL.TO	Harvest Equal Weight Global Utilities Income ETF	11.42%	Jan 10, 2019	ZWU.TO vs HUTL.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	11.15%	Apr 12, 2011	ZWU.TO vs XUT.TO

Lowest Volatility Alternatives to ZWU.TO

ZWU.TO alternatives from the Utilities Equities category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	7.81%	Jun 14, 2023	ZWU.TO vs UMAX.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	9.95%	Apr 12, 2011	ZWU.TO vs XUT.TO
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	10.07%	Aug 9, 2022	ZWU.TO vs UTIL.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	11.83%	Jan 19, 2010	ZWU.TO vs ZUT.TO
HUTL.TO	Harvest Equal Weight Global Utilities Income ETF	13.62%	Jan 10, 2019	ZWU.TO vs HUTL.TO

Lowest Drawdown Alternatives to ZWU.TO

ZWU.TO alternatives from the Utilities Equities category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-6.23%	Jun 14, 2023	ZWU.TO vs UMAX.TO
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	-6.55%	Aug 9, 2022	ZWU.TO vs UTIL.TO
HUTL.TO	Harvest Equal Weight Global Utilities Income ETF	-7.22%	Jan 10, 2019	ZWU.TO vs HUTL.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	-7.66%	Apr 12, 2011	ZWU.TO vs XUT.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	-8.96%	Jan 19, 2010	ZWU.TO vs ZUT.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	ZWU.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	47	-3.17%	Nov 14, 2012	ZWU.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	0.41%	Jan 24, 2022	ZWU.TO vs ZEQT.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	94	3.87%	May 29, 2009	ZWU.TO vs ZCN.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	98	1.92%	Oct 19, 2009	ZWU.TO vs ZEB.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Large Cap Growth Equities	62	-6.55%	Jan 19, 2010	ZWU.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Large Cap Blend Equities	54	-4.69%	Feb 11, 2019	ZWU.TO vs ZNQ.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	16	0.04%	Jan 19, 2010	ZWU.TO vs ZAG.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	82	1.42%	Oct 21, 2011	ZWU.TO vs ZLB.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	26	-2.48%	Nov 4, 2014	ZWU.TO vs ZUQ.TO

Often Compared With ZWU.TO

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	89	9.57%	Sep 3, 2024	ZWU.TO vs UTES.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	96	6.38%	Feb 3, 2017	ZWU.TO vs ZWC.TO
PAYF.TO	Purpose Enhanced Premium Yield Fund		26	-2.86%	—	ZWU.TO vs PAYF.TO
SYLD.TO	Purpose Strategic Yield Fund		94	0.15%	—	ZWU.TO vs SYLD.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	97	9.07%	Nov 2, 2012	ZWU.TO vs VDY.TO
VGG.TO	Vanguard U.S. Dividend Appreciation Index ETF	Dividend, Large Cap Blend Equities	34	-0.67%	Aug 2, 2013	ZWU.TO vs VGG.TO
CRT-UN.TO	CT Real Estate Investment Trust		83	2.62%	—	ZWU.TO vs CRT-UN.TO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income	84	4.61%	Feb 6, 2024	ZWU.TO vs AMAX.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities	98	1.45%	Jan 9, 2024	ZWU.TO vs ZWB.TO
ZWP.TO	BMO Covered Call Europe High Dividend ETF	Europe Equities, Derivative Income	34	-1.05%	Mar 1, 2018	ZWU.TO vs ZWP.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	Energy Equities	73	30.30%	Mar 26, 2025	ZWU.TO vs OILY.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Large Cap Growth Equities	93	3.05%	Sep 28, 1999	ZWU.TO vs XIU.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	41	-14.58%	Jan 16, 2025	ZWU.TO vs HHIS.TO
ZWEN.TO	BMO Covered Call Energy ETF	Energy Equities	67	31.77%	Jan 23, 2023	ZWU.TO vs ZWEN.TO
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	3.20%	Jul 19, 2021	ZWU.TO vs HDIV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	97	13.91%	Apr 12, 2011	ZWU.TO vs XEI.TO
EIT-UN.TO	Canoe EIT Income Fund	Diversified Portfolio	88	8.56%	Aug 6, 1997	ZWU.TO vs EIT-UN.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Derivative Income	48	-3.61%	Sep 13, 2011	ZWU.TO vs QQCC.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	27	-15.25%	Oct 25, 2023	ZWU.TO vs QMAX.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	Derivative Income	—	9.91%	Aug 22, 2025	ZWU.TO vs ECHI.TO

Compare ZWU.TO with Any Fund or Stock

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

Symbol name

BMO Covered Call Utilities ETF

Symbol name