GOGY.TO vs. ZPW.TO
GOGY.TO (Harvest Alphabet Enhanced High Income Shares ETF Class A Units) and ZPW.TO (BMO US Put Write ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GOGY.TO returned 106.80% vs 13.06% for ZPW.TO. At a 0.42 correlation, their price movements are largely independent. GOGY.TO charges 0.40%/yr vs 0.65%/yr for ZPW.TO.
Performance
GOGY.TO vs. ZPW.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GOGY.TO achieves a 15.45% return, which is significantly higher than ZPW.TO's 6.23% return.
GOGY.TO
- 1D
- -1.53%
- 1M
- -0.00%
- 6M
- 7.65%
- YTD
- 15.45%
- 1Y
- 106.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPW.TO
- 1D
- 0.25%
- 1M
- 3.28%
- 6M
- 4.63%
- YTD
- 6.23%
- 1Y
- 13.06%
- 3Y*
- 11.79%
- 5Y*
- 9.35%
- 10Y*
- 6.17%
GOGY.TO vs. ZPW.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOGY.TO Harvest Alphabet Enhanced High Income Shares ETF Class A Units | 15.45% | 81.34% |
ZPW.TO BMO US Put Write ETF | 6.23% | 5.25% |
Correlation
The correlation between GOGY.TO and ZPW.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.42 |
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Return for Risk
GOGY.TO vs. ZPW.TO — Risk / Return Rank
GOGY.TO
ZPW.TO
GOGY.TO vs. ZPW.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.TO) and BMO US Put Write ETF (ZPW.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.
| GOGY.TO | ZPW.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.34 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.33 | 2.34 | +2.99 |
| Martin ratioReturn relative to average drawdown | 17.51 | 6.61 | +10.90 |
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Drawdowns
GOGY.TO vs. ZPW.TO - Drawdown Comparison
The maximum GOGY.TO drawdown since its inception was -20.87%, smaller than the maximum ZPW.TO drawdown of -23.77%. Use the drawdown chart below to compare losses from any high point for GOGY.TO and ZPW.TO.
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Drawdown Indicators
| GOGY.TO | ZPW.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -23.77% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -20.14% | -5.61% | -14.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.77% | — |
Current DrawdownCurrent decline from peak | -9.69% | 0.00% | -9.69% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -4.05% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 1.98% | +4.14% |
Volatility
GOGY.TO vs. ZPW.TO - Volatility Comparison
Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.TO) has a higher volatility of 12.13% compared to BMO US Put Write ETF (ZPW.TO) at 2.85%. This indicates that GOGY.TO's price experiences larger fluctuations and is considered to be riskier than ZPW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOGY.TO | ZPW.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.13% | 2.85% | +9.28% |
Volatility (6M)Calculated over the trailing 6-month period | 23.82% | 6.17% | +17.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.33% | 7.31% | +25.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.00% | 10.61% | +24.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.00% | 11.72% | +23.28% |
GOGY.TO vs. ZPW.TO - Expense Ratio Comparison
GOGY.TO has a 0.40% expense ratio, which is lower than ZPW.TO's 0.65% expense ratio.
Dividends
GOGY.TO vs. ZPW.TO - Dividend Comparison
GOGY.TO's dividend yield for the trailing twelve months is around 13.69%, more than ZPW.TO's 9.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOGY.TO Harvest Alphabet Enhanced High Income Shares ETF Class A Units | 13.69% | 8.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZPW.TO BMO US Put Write ETF | 9.45% | 9.55% | 9.18% | 7.57% | 8.20% | 7.24% | 7.61% | 7.17% | 6.61% | 6.82% | 7.32% | 2.32% |
Frequently Asked Questions
GOGY.TO and ZPW.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GOGY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOGY.TO is cheaper with a 0.40% expense ratio, compared with 0.65% for ZPW.TO.
They also come from different issuers: Harvest and BMO. Their fees differ too: 0.40% for GOGY.TO and 0.65% for ZPW.TO.
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