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

GOGY.TO vs. ZWU.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.TO) and BMO Covered Call Utilities ETF (ZWU.TO).

GOGY.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. GOGY.TO is an actively managed fund by Harvest. It was launched on Mar 3, 2025. ZWU.TO is an actively managed fund by BMO. It was launched on Oct 20, 2011.

Performance

GOGY.TO vs. ZWU.TO - Performance Comparison

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

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

2026 (YTD)2025
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF Class A Units		-8.54%80.98%
ZWU.TO
BMO Covered Call Utilities ETF		11.68%8.83%

Returns By Period

In the year-to-date period, GOGY.TO achieves a -8.54% return, which is significantly lower than ZWU.TO's 11.68% return.

GOGY.TO

1D
4.28%
1M
-8.15%
YTD
-8.54%
6M
19.07%
1Y
85.41%
3Y*
—
5Y*
—
10Y*
—

ZWU.TO

1D
0.04%
1M
0.62%
YTD
11.68%
6M
9.62%
1Y
17.09%
3Y*
10.60%
5Y*
7.16%
10Y*
6.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Harvest Alphabet Enhanced High Income Shares ETF Class A Units

BMO Covered Call Utilities ETF

Often compared with GOGY.TO:
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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

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

GOGY.TO has a 0.40% expense ratio, which is lower than ZWU.TO's 0.65% expense ratio.

ZWU.TO
BMO Covered Call Utilities ETF
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF Class A Units

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GOGY.TO
GOGY.TO Risk / Return Rank: 9595
Overall Rank
GOGY.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
GOGY.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
GOGY.TO Omega Ratio Rank: 9292
Omega Ratio Rank
GOGY.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
GOGY.TO Martin Ratio Rank: 9595
Martin Ratio Rank
ZWU.TO
ZWU.TO Risk / Return Rank: 8888
Overall Rank
ZWU.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
ZWU.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
ZWU.TO Omega Ratio Rank: 9090
Omega Ratio Rank
ZWU.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
ZWU.TO Martin Ratio Rank: 8787
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.

GOGY.TO vs. ZWU.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 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.

GOGY.TOZWU.TODifference

Sharpe ratio

Return per unit of total volatility

2.53

1.89

+0.65

Sortino ratio

Return per unit of downside risk

3.38

2.43

+0.94

Omega ratio

Gain probability vs. loss probability

1.41

1.37

+0.04

Calmar ratio

Return relative to maximum drawdown

4.29

2.66

+1.63

Martin ratio

Return relative to average drawdown

16.00

9.91

+6.09

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

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

The current GOGY.TO Sharpe Ratio is 2.53, which is higher than the ZWU.TO Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of GOGY.TO and ZWU.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

GOGY.TOZWU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.53

1.89

+0.65

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.70

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.46

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.76

0.43

+1.33

Correlation

The correlation between GOGY.TO and ZWU.TO is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

GOGY.TO vs. ZWU.TO - Dividend Comparison

GOGY.TO's dividend yield for the trailing twelve months is around 11.57%, more than ZWU.TO's 6.92% yield.

TTM20252024202320222021202020192018201720162015
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF Class A Units		11.57%8.04%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		6.92%7.59%7.96%8.54%8.35%7.43%7.94%6.29%6.84%6.46%6.77%7.57%

Drawdowns

GOGY.TO vs. ZWU.TO - Drawdown Comparison

The maximum GOGY.TO drawdown since its inception was -20.87%, smaller than the maximum ZWU.TO drawdown of -37.41%. Use the drawdown chart below to compare losses from any high point for GOGY.TO and ZWU.TO.

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Drawdown Indicators

GOGY.TOZWU.TODifference

Max Drawdown

Largest peak-to-trough decline

-20.87%

-37.41%

+16.54%

Max Drawdown (1Y)

Largest decline over 1 year

-20.14%

-6.71%

-13.43%

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

-16.73%

-0.37%

-16.36%

Average Drawdown

Average peak-to-trough decline

-5.39%

-5.42%

+0.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.40%

1.80%

+3.60%

Volatility

GOGY.TO vs. ZWU.TO - Volatility Comparison

Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.TO) has a higher volatility of 9.11% compared to BMO Covered Call Utilities ETF (ZWU.TO) at 2.41%. This indicates that GOGY.TO's price experiences larger fluctuations and is considered to be riskier than ZWU.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.TOZWU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.11%

2.41%

+6.70%

Volatility (6M)

Calculated over the trailing 6-month period

21.37%

5.28%

+16.09%

Volatility (1Y)

Calculated over the trailing 1-year period

33.90%

9.12%

+24.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.44%

10.34%

+24.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.44%

14.15%

+20.29%