CRCY.TO vs. ZWP.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.TO) and BMO Covered Call Europe High Dividend ETF (ZWP.TO).

CRCY.TO and ZWP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRCY.TO is an actively managed fund by Harvest. It was launched on Sep 26, 2025. ZWP.TO is an actively managed fund by BMO. It was launched on Mar 1, 2018.

Performance

CRCY.TO vs. ZWP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.TO) and BMO Covered Call Europe High Dividend ETF (ZWP.TO). The values are adjusted to include any dividend payments, if applicable.

CRCY.TO vs. ZWP.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	1.83%	-45.43%
ZWP.TO BMO Covered Call Europe High Dividend ETF	-1.05%	3.00%

Returns By Period

In the year-to-date period, CRCY.TO achieves a 1.83% return, which is significantly higher than ZWP.TO's -1.05% return.

CRCY.TO

• 1D: -0.55%
• 1M: 4.02%
• YTD: 1.83%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZWP.TO

• 1D: 3.08%
• 1M: -6.60%
• YTD: -1.05%
• 6M: 3.22%
• 1Y: 10.36%
• 3Y*: 11.96%
• 5Y*: 10.64%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRCY.TO vs. ZWP.TO - Expense Ratio Comparison

ZWP.TO

BMO Covered Call Europe High Dividend ETF

Return for Risk

CRCY.TO vs. ZWP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZWP.TO

ZWP.TO Risk / Return Rank: 34
ZWP.TO Sharpe Ratio Rank: 35
ZWP.TO Sortino Ratio Rank: 35
ZWP.TO Omega Ratio Rank: 34
ZWP.TO Calmar Ratio Rank: 34
ZWP.TO Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRCY.TO vs. ZWP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.TO) and BMO Covered Call Europe High Dividend ETF (ZWP.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CRCY.TO	ZWP.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.67	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	0.43	-1.06

Correlation

The correlation between CRCY.TO and ZWP.TO is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CRCY.TO vs. ZWP.TO - Dividend Comparison

CRCY.TO's dividend yield for the trailing twelve months is around 26.84%, more than ZWP.TO's 6.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	26.84%	17.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZWP.TO BMO Covered Call Europe High Dividend ETF	6.39%	6.22%	7.13%	7.23%	7.04%	6.45%	7.28%	6.92%	6.45%

Drawdowns

CRCY.TO vs. ZWP.TO - Drawdown Comparison

The maximum CRCY.TO drawdown since its inception was -73.84%, which is greater than ZWP.TO's maximum drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for CRCY.TO and ZWP.TO.

Drawdown Indicators

	CRCY.TO	ZWP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-73.84%	-30.71%	-43.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.30%	—
Current Drawdown Current decline from peak	-53.95%	-7.08%	-46.87%
Average Drawdown Average peak-to-trough decline	-45.89%	-4.76%	-41.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.05%	—

Volatility

Volatility by Period

	CRCY.TO	ZWP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	111.28%	15.59%	+95.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.28%	13.95%	+97.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.28%	15.76%	+95.52%