HBA.TO vs. ZWB.TO
Compare and contrast key facts about Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) and BMO Covered Call Canadian Banks ETF (ZWB.TO).
HBA.TO and ZWB.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HBA.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Australian Bank Equal-Weight Index. It was launched on Jun 26, 2020. ZWB.TO is an actively managed fund by BMO. It was launched on Jan 9, 2024.
Performance
HBA.TO vs. ZWB.TO - Performance Comparison
Loading graphics...
HBA.TO vs. ZWB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HBA.TO Hamilton Australian Bank Equal-Weight Index ETF | 0.36% | 13.01% | 30.43% | 12.29% | -0.55% | 32.18% | 20.11% |
ZWB.TO BMO Covered Call Canadian Banks ETF | 1.45% | 34.91% | 19.41% | 6.67% | -11.00% | 30.81% | 22.30% |
Returns By Period
In the year-to-date period, HBA.TO achieves a 0.36% return, which is significantly lower than ZWB.TO's 1.45% return.
HBA.TO
- 1D
- -0.07%
- 1M
- -8.86%
- YTD
- 0.36%
- 6M
- 0.66%
- 1Y
- 18.74%
- 3Y*
- 19.43%
- 5Y*
- 13.44%
- 10Y*
- —
ZWB.TO
- 1D
- 2.55%
- 1M
- -3.53%
- YTD
- 1.45%
- 6M
- 13.31%
- 1Y
- 42.34%
- 3Y*
- 19.89%
- 5Y*
- 12.56%
- 10Y*
- 11.23%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HBA.TO vs. ZWB.TO - Expense Ratio Comparison
Return for Risk
HBA.TO vs. ZWB.TO — Risk / Return Rank
HBA.TO
ZWB.TO
HBA.TO vs. ZWB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) and BMO Covered Call Canadian Banks ETF (ZWB.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.
| HBA.TO | ZWB.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 3.44 | -2.44 |
Sortino ratioReturn per unit of downside risk | 1.42 | 4.46 | -3.04 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.70 | -0.52 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 5.30 | -3.45 |
Martin ratioReturn relative to average drawdown | 4.60 | 21.45 | -16.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HBA.TO | ZWB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 3.44 | -2.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.02 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.68 | +0.33 |
Correlation
The correlation between HBA.TO and ZWB.TO is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HBA.TO vs. ZWB.TO - Dividend Comparison
HBA.TO's dividend yield for the trailing twelve months is around 3.07%, less than ZWB.TO's 5.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBA.TO Hamilton Australian Bank Equal-Weight Index ETF | 3.07% | 4.11% | 4.45% | 6.67% | 8.56% | 5.81% | 2.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZWB.TO BMO Covered Call Canadian Banks ETF | 5.49% | 5.38% | 6.66% | 7.62% | 7.30% | 5.46% | 5.80% | 5.53% | 5.59% | 4.80% | 5.04% | 5.64% |
Drawdowns
HBA.TO vs. ZWB.TO - Drawdown Comparison
The maximum HBA.TO drawdown since its inception was -21.15%, smaller than the maximum ZWB.TO drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for HBA.TO and ZWB.TO.
Loading graphics...
Drawdown Indicators
| HBA.TO | ZWB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.15% | -39.36% | +18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -8.10% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -25.26% | +4.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.36% | — |
Current DrawdownCurrent decline from peak | -10.17% | -5.09% | -5.08% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -5.61% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 2.00% | +2.08% |
Volatility
HBA.TO vs. ZWB.TO - Volatility Comparison
The current volatility for Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) is 4.78%, while BMO Covered Call Canadian Banks ETF (ZWB.TO) has a volatility of 5.80%. This indicates that HBA.TO experiences smaller price fluctuations and is considered to be less risky than ZWB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HBA.TO | ZWB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 5.80% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 9.17% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 12.37% | +6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 12.43% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 15.62% | +2.55% |