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ECHI.TO vs. ZWU.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ECHI.TO vs. ZWU.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO) and BMO Covered Call Utilities ETF (ZWU.TO).

ECHI.TO and ZWU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ECHI.TO is an actively managed fund by Ninepoint. It was launched on Aug 22, 2025. ZWU.TO is an actively managed fund by BMO. It was launched on Oct 20, 2011.

Performance

ECHI.TO vs. ZWU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO) and BMO Covered Call Utilities ETF (ZWU.TO). The values are adjusted to include any dividend payments, if applicable.

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ECHI.TO vs. ZWU.TO - Yearly Performance Comparison

2026 (YTD)2025
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF		10.27%20.01%
ZWU.TO
BMO Covered Call Utilities ETF		11.36%-0.45%

Returns By Period

In the year-to-date period, ECHI.TO achieves a 10.27% return, which is significantly lower than ZWU.TO's 11.36% return.

ECHI.TO

1D
0.33%
1M
-1.65%
YTD
10.27%
6M
22.42%
1Y
—
3Y*
—
5Y*
—
10Y*
—

ZWU.TO

1D
-0.33%
1M
0.08%
YTD
11.36%
6M
9.50%
1Y
16.65%
3Y*
10.49%
5Y*
7.10%
10Y*
6.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Ninepoint Enhanced Canadian HighShares ETF

BMO Covered Call Utilities ETF

Often compared with ECHI.TO:
ECHI.TO vs. HHIC.TOECHI.TO vs. HDIV.TOECHI.TO vs. HBTE.NEOECHI.TO vs. CDAY.NEOECHI.TO vs. INTY.TOECHI.TO vs. ENCL.TOECHI.TO vs. JEPI.TO
Often compared with ZWU.TO:
ZWU.TO vs. ZUT.TOZWU.TO vs. UMAX.TOZWU.TO vs. UTES.TOZWU.TO vs. ZWC.TOZWU.TO vs. PAYF.TOZWU.TO vs. SYLD.TOZWU.TO vs. VDY.TO

ECHI.TO vs. ZWU.TO - Expense Ratio Comparison

ECHI.TO has a 0.29% expense ratio, which is lower than ZWU.TO's 0.65% expense ratio.

ZWU.TO
BMO Covered Call Utilities ETF
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF

Return for Risk

ECHI.TO vs. ZWU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ECHI.TO
ZWU.TO
ZWU.TO Risk / Return Rank: 8484
Overall Rank
ZWU.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
ZWU.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
ZWU.TO Omega Ratio Rank: 8686
Omega Ratio Rank
ZWU.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
ZWU.TO Martin Ratio Rank: 8080
Martin Ratio Rank
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.

ECHI.TO vs. ZWU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO) and BMO Covered Call Utilities ETF (ZWU.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.

ECHI.TO vs. ZWU.TO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

ECHI.TOZWU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.84

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.69

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.46

—

Sharpe Ratio (All Time)

Calculated using the full available price history

3.20

0.43

+2.77

Correlation

The correlation between ECHI.TO and ZWU.TO is 0.03, 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

ECHI.TO vs. ZWU.TO - Dividend Comparison

ECHI.TO's dividend yield for the trailing twelve months is around 8.68%, more than ZWU.TO's 6.94% yield.

TTM20252024202320222021202020192018201720162015
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF		8.68%5.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZWU.TO
BMO Covered Call Utilities ETF		6.94%7.59%7.96%8.54%8.35%7.43%7.94%6.29%6.84%6.46%6.77%7.57%

Drawdowns

ECHI.TO vs. ZWU.TO - Drawdown Comparison

The maximum ECHI.TO drawdown since its inception was -6.84%, smaller than the maximum ZWU.TO drawdown of -37.41%. Use the drawdown chart below to compare losses from any high point for ECHI.TO and ZWU.TO.

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Drawdown Indicators

ECHI.TOZWU.TODifference

Max Drawdown

Largest peak-to-trough decline

-6.84%

-37.41%

+30.57%

Max Drawdown (1Y)

Largest decline over 1 year

—

-6.71%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.36%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.41%

—

Current Drawdown

Current decline from peak

-1.65%

-0.65%

-1.00%

Average Drawdown

Average peak-to-trough decline

-1.40%

-5.42%

+4.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.80%

—

Volatility

ECHI.TO vs. ZWU.TO - Volatility Comparison

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Volatility by Period

ECHI.TOZWU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

2.44%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

5.27%

—

Volatility (1Y)

Calculated over the trailing 1-year period

18.53%

9.11%

+9.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.53%

10.34%

+8.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.53%

14.15%

+4.38%