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FTN.TO vs. ZWC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FTN.TO vs. ZWC.TO

Last updated Jun 4, 2026

FTN.TO (Financial 15 Split Corp.) is a stock, while ZWC.TO (BMO CA High Dividend Covered Call ETF) is Derivative Income fund actively managed by BMO. Over the past 5 years, FTN.TO returned 22.69%/yr vs 11.09%/yr for ZWC.TO. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

FTN.TO vs. ZWC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Financial 15 Split Corp. (FTN.TO) and BMO CA High Dividend Covered Call ETF (ZWC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FTN.TO achieves a 13.74% return, which is significantly higher than ZWC.TO's 11.12% return.

FTN.TO

1D
-0.19%
1M
9.04%
YTD
13.74%
6M
25.07%
1Y
79.50%
3Y*
39.55%
5Y*
22.69%
10Y*
11.79%

ZWC.TO

1D
-0.27%
1M
2.71%
YTD
11.12%
6M
12.78%
1Y
28.05%
3Y*
17.17%
5Y*
11.09%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FTN.TO vs. ZWC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FTN.TO
Financial 15 Split Corp.		13.74%66.59%42.36%1.60%-6.61%37.15%-40.97%44.12%-34.57%11.01%
ZWC.TO
BMO CA High Dividend Covered Call ETF		11.12%22.79%12.00%7.54%-3.54%25.39%-6.92%17.32%-10.05%7.34%

Correlation

The correlation between FTN.TO and ZWC.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Feb 13, 2017

0.56

The correlation between FTN.TO and ZWC.TO shifts across timeframes, from 0.44 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Financial 15 Split Corp.

BMO CA High Dividend Covered Call ETF

Often compared with FTN.TO:
FTN.TO vs. FFN.TOFTN.TO vs. DFN.TOFTN.TO vs. BK.TOFTN.TO vs. FIE.TOFTN.TO vs. LBS.TOFTN.TO vs. DF.TOFTN.TO vs. DRIP
Often compared with ZWC.TO:
ZWC.TO vs. ZWB.TOZWC.TO vs. VDY.TOZWC.TO vs. HDIV.TOZWC.TO vs. XEI.TOZWC.TO vs. ZDV.TOZWC.TO vs. ZWH.TOZWC.TO vs. HMAX.TO

Return for Risk

FTN.TO vs. ZWC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTN.TO
FTN.TO Risk / Return Rank: 9595
Overall Rank
FTN.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
FTN.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
FTN.TO Omega Ratio Rank: 9898
Omega Ratio Rank
FTN.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
FTN.TO Martin Ratio Rank: 9696
Martin Ratio Rank
ZWC.TO
ZWC.TO Risk / Return Rank: 9292
Overall Rank
ZWC.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
ZWC.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
ZWC.TO Omega Ratio Rank: 9494
Omega Ratio Rank
ZWC.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
ZWC.TO Martin Ratio Rank: 9292
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.

FTN.TO vs. ZWC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Financial 15 Split Corp. (FTN.TO) and BMO CA High Dividend Covered Call ETF (ZWC.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.

FTN.TOZWC.TODifference
Sharpe ratioReturn per unit of total volatility
3.83
3.61

+0.22

Sortino ratioReturn per unit of downside risk
4.60
5.11

-0.51

Omega ratioGain probability vs. loss probability

1.82

1.69

+0.13

Calmar ratioReturn relative to maximum drawdown

4.64

4.71

-0.06

Martin ratioReturn relative to average drawdown

21.65

23.23

-1.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTN.TO vs. ZWC.TO - Sharpe Ratio Comparison

The current FTN.TO Sharpe Ratio is 3.83, which is comparable to the ZWC.TO Sharpe Ratio of 3.61. The chart below compares the historical Sharpe Ratios of FTN.TO and ZWC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FTN.TOZWC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.83

3.61

+0.22

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

1.10

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.34

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.56

-0.31

Drawdowns

FTN.TO vs. ZWC.TO - Drawdown Comparison

The maximum FTN.TO drawdown since its inception was -84.76%, which is greater than ZWC.TO's maximum drawdown of -40.57%. Use the drawdown chart below to compare losses from any high point for FTN.TO and ZWC.TO.

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Drawdown Indicators

FTN.TOZWC.TODifference

Max Drawdown

Largest peak-to-trough decline

-84.76%

-40.57%

-44.19%

Max Drawdown (1Y)

Largest decline over 1 year

-17.21%

-5.99%

-11.22%

Max Drawdown (3Y)

Largest decline over 3 years

-37.44%

-9.09%

-28.35%

Max Drawdown (5Y)

Largest decline over 5 years

-41.26%

-16.43%

-24.83%

Max Drawdown (10Y)

Largest decline over 10 years

-69.69%

—

—

Current Drawdown

Current decline from peak

-1.06%

-0.97%

-0.09%

Average Drawdown

Average peak-to-trough decline

-21.16%

-4.69%

-16.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.68%

1.21%

+2.47%

Volatility

FTN.TO vs. ZWC.TO - Volatility Comparison

Financial 15 Split Corp. (FTN.TO) has a higher volatility of 4.18% compared to BMO CA High Dividend Covered Call ETF (ZWC.TO) at 2.40%. This indicates that FTN.TO's price experiences larger fluctuations and is considered to be riskier than ZWC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FTN.TOZWC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.18%

2.40%

+1.78%

Volatility (6M)

Calculated over the trailing 6-month period

18.13%

6.77%

+11.36%

Volatility (1Y)

Calculated over the trailing 1-year period

20.86%

7.80%

+13.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.49%

10.13%

+13.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.09%

14.94%

+20.15%

Dividends

FTN.TO vs. ZWC.TO - Dividend Comparison

FTN.TO's dividend yield for the trailing twelve months is around 12.21%, more than ZWC.TO's 5.64% yield.

PositionTTM20252024202320222021202020192018201720162015
FTN.TO
Financial 15 Split Corp.		12.21%11.96%16.83%19.39%16.38%14.62%8.94%19.74%23.69%14.69%15.67%15.51%
ZWC.TO
BMO CA High Dividend Covered Call ETF		5.64%5.92%6.73%7.62%7.01%6.60%8.15%6.92%7.11%5.46%0.00%0.00%

Frequently Asked Questions

FTN.TO and ZWC.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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