EDGF.TO vs. ZWP.TO
EDGF.TO (Brompton European Dividend Growth ETF) and ZWP.TO (BMO Covered Call Europe High Dividend ETF) are both Europe Equities funds. Both are actively managed. Over the past 5 years, EDGF.TO returned 6.72%/yr vs 10.80%/yr for ZWP.TO. At a 0.41 correlation, their price movements are largely independent.
Performance
EDGF.TO vs. ZWP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EDGF.TO achieves a 4.20% return, which is significantly lower than ZWP.TO's 6.14% return.
EDGF.TO
- 1D
- 0.09%
- 1M
- -1.31%
- 6M
- 0.47%
- YTD
- 4.20%
- 1Y
- 9.16%
- 3Y*
- 13.08%
- 5Y*
- 6.72%
- 10Y*
- —
ZWP.TO
- 1D
- 0.34%
- 1M
- -0.33%
- 6M
- 3.58%
- YTD
- 6.14%
- 1Y
- 16.78%
- 3Y*
- 13.74%
- 5Y*
- 10.80%
- 10Y*
- —
EDGF.TO vs. ZWP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EDGF.TO Brompton European Dividend Growth ETF | 4.20% | 17.25% | 14.32% | 12.04% | -19.33% | 24.90% | 0.85% | 34.25% | -8.22% |
ZWP.TO BMO Covered Call Europe High Dividend ETF | 6.14% | 22.37% | 8.60% | 16.33% | -0.97% | 12.69% | -3.55% | 13.15% | -8.57% |
Correlation
The correlation between EDGF.TO and ZWP.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018 | 0.41 |
The correlation between EDGF.TO and ZWP.TO shifts across timeframes, from 0.33 (3 years) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EDGF.TO vs. ZWP.TO — Risk / Return Rank
EDGF.TO
ZWP.TO
EDGF.TO vs. ZWP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brompton European Dividend Growth ETF (EDGF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EDGF.TO | ZWP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.24 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.58 | -0.82 |
| Martin ratioReturn relative to average drawdown | 2.15 | 5.36 | -3.20 |
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Drawdowns
EDGF.TO vs. ZWP.TO - Drawdown Comparison
The maximum EDGF.TO drawdown since its inception was -38.93%, 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 EDGF.TO and ZWP.TO.
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Drawdown Indicators
| EDGF.TO | ZWP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -30.71% | -8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -10.68% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -16.15% | -14.04% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -28.97% | -19.30% | -9.67% |
Current DrawdownCurrent decline from peak | -4.07% | -2.21% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -4.69% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 3.14% | +1.12% |
Volatility
EDGF.TO vs. ZWP.TO - Volatility Comparison
Brompton European Dividend Growth ETF (EDGF.TO) has a higher volatility of 3.75% compared to BMO Covered Call Europe High Dividend ETF (ZWP.TO) at 2.87%. This indicates that EDGF.TO's price experiences larger fluctuations and is considered to be riskier than ZWP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDGF.TO | ZWP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 2.87% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 10.90% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 13.13% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 14.14% | +4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.90% | 15.69% | +5.21% |
Dividends
EDGF.TO vs. ZWP.TO - Dividend Comparison
EDGF.TO's dividend yield for the trailing twelve months is around 6.30%, more than ZWP.TO's 6.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EDGF.TO Brompton European Dividend Growth ETF | 6.30% | 5.70% | 5.66% | 5.71% | 5.74% | 4.16% | 4.97% | 4.75% | 6.06% | 2.13% |
ZWP.TO BMO Covered Call Europe High Dividend ETF | 6.10% | 6.22% | 7.13% | 7.23% | 7.04% | 6.45% | 7.28% | 6.92% | 6.45% | 0.00% |
Frequently Asked Questions
EDGF.TO and ZWP.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Brompton and BMO.
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