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%	103.07M	Oct 2022	ZWU.TO vs HUTE.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	0.61%	850.11M	Jan 2010	ZWU.TO vs ZUT.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	0.61%	647.15M	Apr 2011	ZWU.TO vs XUT.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	0.65%	1.41B	Jun 2023	ZWU.TO vs UMAX.TO
HUTL.TO	Harvest Equal Weight Global Utilities Income ETF	0.67%	538.42M	Jan 2019	ZWU.TO vs HUTL.TO

Best Risk-Adjusted Alternatives to ZWU.TO

ZWU.TO has a PortfoliosLab risk / return rank of 72. There are 6 ETFs in the Utilities Equities category with higher risk-adjusted ranks, going as high as 95.

Symbol	Name	Risk / Return Rank	AUM	Inception
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	95	—	Aug 2022	ZWU.TO vs UTIL.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	91	235.60M	Sep 2022	ZWU.TO vs HUTS.TO
CINF.TO	CI Global Infrastructure Private Pool	86	464.13M	May 2020	ZWU.TO vs CINF.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	82	647.15M	Apr 2011	ZWU.TO vs XUT.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	79	850.11M	Jan 2010	ZWU.TO vs ZUT.TO

Top Performing ZWU.TO Alternatives (YTD)

ZWU.TO is at 11.35% YTD. There are 6 ETFs in the Utilities Equities category with higher YTD returns, going as high as 22.07%.

Symbol	Name	YTD Return	AUM	Inception
ZUT.TO	BMO Equal Weight Utilities Index ETF	22.07%	850.11M	Jan 2010	ZWU.TO vs ZUT.TO
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	19.94%	—	Aug 2022	ZWU.TO vs UTIL.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	18.04%	647.15M	Apr 2011	ZWU.TO vs XUT.TO
CINF.TO	CI Global Infrastructure Private Pool	17.91%	464.13M	May 2020	ZWU.TO vs CINF.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	16.75%	235.60M	Sep 2022	ZWU.TO vs HUTS.TO

Lowest Volatility Alternatives to ZWU.TO

ZWU.TO has 8.12% 1-year volatility. There is 1 ETF in the Utilities Equities category with lower 1-year volatility, going as low as 7.36%.

Symbol	Name	Volatility 1Y	AUM	Inception
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	7.36%	1.41B	Jun 2023	ZWU.TO vs UMAX.TO
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	8.93%	647.15M	Apr 2011	ZWU.TO vs XUT.TO
CINF.TO	CI Global Infrastructure Private Pool	9.55%	464.13M	May 2020	ZWU.TO vs CINF.TO
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	9.65%	—	Aug 2022	ZWU.TO vs UTIL.TO
UMVP.TO	Hamilton Champions Utilities Index ETF	9.75%	300.40M	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%	538.42M	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%	1.41B	Jun 2023	ZWU.TO vs UMAX.TO
CINF.TO	CI Global Infrastructure Private Pool	-5.31%	464.13M	May 2020	ZWU.TO vs CINF.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	-5.87%	235.60M	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 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	1.25%	5.77B	Nov 2021	ZWU.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	77	13.48%	24.35B	Nov 2012	ZWU.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	82	14.20%	895.11M	Jan 2022	ZWU.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	34.83%	7.20B	Oct 2009	ZWU.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.66%	17.34B	May 2009	ZWU.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	39	15.76%	3.09B	Jan 2010	ZWU.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	20.26%	2.35B	Feb 2019	ZWU.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	49	7.40%	6.24B	Oct 2011	ZWU.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	27	1.02%	13.13B	Jan 2010	ZWU.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	21.69%	1.86B	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	75	12.01%	431.22M	Sep 2024	ZWU.TO vs UTES.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	95	14.02%	2.41B	Feb 2017	ZWU.TO vs ZWC.TO
PAYF.TO	Purpose Enhanced Premium Yield Fund		29	3.49%	83.70M	—	ZWU.TO vs PAYF.TO
SYLD.TO	Purpose Strategic Yield Fund		96	3.22%	521.60M	—	ZWU.TO vs SYLD.TO
VGG.TO	Vanguard U.S. Dividend Appreciation Index ETF	Dividend, Large Cap Blend Equities	73	11.13%	2.57B	Aug 2013	ZWU.TO vs VGG.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	28.26%	8.59B	Nov 2012	ZWU.TO vs VDY.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	98	30.20%	4.84B	Jan 2011	ZWU.TO vs ZWB.TO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income, Precious Metals	25	-12.33%	468.60M	Feb 2024	ZWU.TO vs AMAX.TO
CRT-UN.TO	CT Real Estate Investment Trust		90	17.09%	—	—	ZWU.TO vs CRT-UN.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	19.65%	1.74B	Jul 2021	ZWU.TO vs HDIV.TO
ZWEN.TO	BMO Covered Call Energy ETF	Energy Equities	79	30.55%	130.82M	Jan 2023	ZWU.TO vs ZWEN.TO
ZWP.TO	BMO Covered Call Europe High Dividend ETF	Europe Equities, Derivative Income	39	5.78%	1.08B	Mar 2018	ZWU.TO vs ZWP.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	96	20.57%	2.53B	Jan 2023	ZWU.TO vs HMAX.TO
EIT-UN.TO	Canoe EIT Income Fund	Diversified Portfolio	87	15.63%	—	Aug 1997	ZWU.TO vs EIT-UN.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	78	16.45%	709.55M	Sep 2011	ZWU.TO vs QQCC.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	Energy Equities	72	31.00%	—	Mar 2025	ZWU.TO vs OILY.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	89	27.97%	714.60M	Apr 2011	ZWU.TO vs ENCC.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	22	8.76%	1.87B	Jan 2025	ZWU.TO vs HHIS.TO
USCC.TO	Global X S&P 500 Covered Call ETF	Derivative Income, S&P 500	85	11.73%	563.51M	Sep 2011	ZWU.TO vs USCC.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	Derivative Income	73	8.79%	—	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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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