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 5 ETFs in the Utilities Equities category with lower expense ratios, going as low as 0.10%.

Symbol	Name	Expense Ratio	AUM	Inception
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	0.10%	—	Aug 2022	ZWU.TO vs UTIL.TO
UMVP.TO	Hamilton Champions Utilities Index ETF	0.19%	314.00M	Jan 2026	ZWU.TO vs UMVP.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	0.50%	104.38M	Oct 2022	ZWU.TO vs HUTE.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	0.61%	708.57M	Apr 2011	ZWU.TO vs XUT.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	0.61%	852.96M	Jan 2010	ZWU.TO vs ZUT.TO

Best Risk-Adjusted Alternatives to ZWU.TO

ZWU.TO has a PortfoliosLab risk / return rank of 53. There are 6 ETFs in the Utilities Equities category with higher risk-adjusted ranks, going as high as 92.

Symbol	Name	Risk / Return Rank	AUM	Inception
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	92	—	Aug 2022	ZWU.TO vs UTIL.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	86	247.40M	Sep 2022	ZWU.TO vs HUTS.TO
CINF.TO	CI Global Infrastructure Private Pool	79	457.10M	May 2020	ZWU.TO vs CINF.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	75	708.57M	Apr 2011	ZWU.TO vs XUT.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	75	852.96M	Jan 2010	ZWU.TO vs ZUT.TO

Top Performing ZWU.TO Alternatives (YTD)

ZWU.TO is at 9.75% YTD. There are 7 ETFs in the Utilities Equities category with higher YTD returns, going as high as 21.32%.

Symbol	Name	YTD Return	AUM	Inception
ZUT.TO	BMO Equal Weight Utilities Index ETF	21.32%	852.96M	Jan 2010	ZWU.TO vs ZUT.TO
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	18.89%	—	Aug 2022	ZWU.TO vs UTIL.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	17.46%	708.57M	Apr 2011	ZWU.TO vs XUT.TO
CINF.TO	CI Global Infrastructure Private Pool	16.87%	457.10M	May 2020	ZWU.TO vs CINF.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	15.96%	247.40M	Sep 2022	ZWU.TO vs HUTS.TO

Lowest Volatility Alternatives to ZWU.TO

ZWU.TO has 8.38% 1-year volatility. There is 1 ETF in the Utilities Equities category with lower 1-year volatility, going as low as 7.74%.

Symbol	Name	Volatility 1Y	AUM	Inception
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	7.74%	1.45B	Jun 2023	ZWU.TO vs UMAX.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	9.22%	708.57M	Apr 2011	ZWU.TO vs XUT.TO
CINF.TO	CI Global Infrastructure Private Pool	9.71%	457.10M	May 2020	ZWU.TO vs CINF.TO
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	9.96%	—	Aug 2022	ZWU.TO vs UTIL.TO
UMVP.TO	Hamilton Champions Utilities Index ETF	10.16%	314.00M	Jan 2026	ZWU.TO vs UMVP.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 -4.54%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HUTL.TO	Harvest Equal Weight Global Utilities Income ETF	-4.54%	548.36M	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%	1.45B	Jun 2023	ZWU.TO vs UMAX.TO
CINF.TO	CI Global Infrastructure Private Pool	-5.31%	457.10M	May 2020	ZWU.TO vs CINF.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	-5.87%	247.40M	Sep 2022	ZWU.TO vs HUTS.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 9 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	1.38%	5.83B	Nov 2021	ZWU.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	83	16.41%	24.00B	Nov 2012	ZWU.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	86	16.71%	924.58M	Jan 2022	ZWU.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	32.74%	7.10B	Oct 2009	ZWU.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	91	14.28%	17.51B	May 2009	ZWU.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	41	16.30%	2.90B	Jan 2010	ZWU.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	64	20.89%	2.26B	Feb 2019	ZWU.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities, Low Volatility	55	8.36%	6.27B	Oct 2011	ZWU.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	27	1.31%	13.09B	Jan 2010	ZWU.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	23.19%	1.91B	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 17 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...	Utilities Equities, Derivative Income, Leveraged Equities	52	9.53%	445.34M	Sep 2024	ZWU.TO vs UTES.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	96	14.83%	2.45B	Feb 2017	ZWU.TO vs ZWC.TO
PAYF.TO	Purpose Enhanced Premium Yield Fund	Derivative Income, Options Trading, Actively Managed	41	5.82%	85.30M	Apr 2019	ZWU.TO vs PAYF.TO
SYLD.TO	Purpose Strategic Yield Fund	High Yield Bonds, Corporate Bonds	96	3.57%	541.50M	Apr 2018	ZWU.TO vs SYLD.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	28.23%	8.59B	Nov 2012	ZWU.TO vs VDY.TO
VGG.TO	Vanguard U.S. Dividend Appreciation Index ETF	Dividend, Large Cap Blend Equities	84	14.29%	2.57B	Aug 2013	ZWU.TO vs VGG.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	97	28.33%	4.77B	Jan 2011	ZWU.TO vs ZWB.TO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income, Precious Metals	29	-9.75%	481.30M	Feb 2024	ZWU.TO vs AMAX.TO
CRT-UN.TO	CT Real Estate Investment Trust		90	15.32%	—	—	ZWU.TO vs CRT-UN.TO
ZWEN.TO	BMO Covered Call Energy ETF	Energy Equities	87	33.70%	132.94M	Jan 2023	ZWU.TO vs ZWEN.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	20.75%	1.79B	Jul 2021	ZWU.TO vs HDIV.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	97	20.10%	2.58B	Jan 2023	ZWU.TO vs HMAX.TO
ZWP.TO	BMO Covered Call Europe High Dividend ETF	Europe Equities, Derivative Income	58	9.57%	1.10B	Mar 2018	ZWU.TO vs ZWP.TO
EIT-UN.TO	Canoe EIT Income Fund	Diversified Portfolio	97	18.14%	—	Aug 1997	ZWU.TO vs EIT-UN.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	68	16.67%	683.57M	Sep 2011	ZWU.TO vs QQCC.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	25	8.57%	1.82B	Jan 2025	ZWU.TO vs HHIS.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	Energy Equities	76	33.48%	—	Mar 2025	ZWU.TO vs OILY.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	89	29.35%	784.46M	Apr 2011	ZWU.TO vs ENCC.TO
USCC.TO	Global X S&P 500 Covered Call ETF	Derivative Income, S&P 500	87	13.88%	558.31M	Sep 2011	ZWU.TO vs USCC.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	Derivative Income	72	10.27%	—	Sep 2022	ZWU.TO vs DXQ.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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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