LFE.TO vs. ZWC.TO
LFE.TO (Canadian Life Companies 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, LFE.TO returned 38.24%/yr vs 11.75%/yr for ZWC.TO. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
LFE.TO vs. ZWC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LFE.TO achieves a 35.63% return, which is significantly higher than ZWC.TO's 13.92% return.
LFE.TO
- 1D
- -0.22%
- 1M
- 18.51%
- 6M
- 30.48%
- YTD
- 35.63%
- 1Y
- 79.61%
- 3Y*
- 70.90%
- 5Y*
- 38.24%
- 10Y*
- 23.39%
ZWC.TO
- 1D
- 0.40%
- 1M
- 1.12%
- 6M
- 12.33%
- YTD
- 13.92%
- 1Y
- 28.83%
- 3Y*
- 17.87%
- 5Y*
- 11.75%
- 10Y*
- —
LFE.TO vs. ZWC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LFE.TO Canadian Life Companies Split Corp. | 35.63% | 30.06% | 122.13% | 59.50% | -33.42% | 69.95% | -36.94% | 97.81% | -62.69% | 22.64% |
ZWC.TO BMO CA High Dividend Covered Call ETF | 13.92% | 22.79% | 12.00% | 7.54% | -3.53% | 25.39% | -6.92% | 17.32% | -10.05% | 7.34% |
Correlation
The correlation between LFE.TO and ZWC.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2017 | 0.60 |
Over the past year, the correlation between LFE.TO and ZWC.TO has dropped to 0.27 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
LFE.TO vs. ZWC.TO — Risk / Return Rank
LFE.TO
ZWC.TO
LFE.TO vs. ZWC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Life Companies Split Corp. (LFE.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.
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.
| LFE.TO | ZWC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.66 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 4.84 | -0.44 |
| Martin ratioReturn relative to average drawdown | 17.00 | 23.22 | -6.22 |
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Drawdowns
LFE.TO vs. ZWC.TO - Drawdown Comparison
The maximum LFE.TO drawdown since its inception was -92.80%, 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 LFE.TO and ZWC.TO.
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Drawdown Indicators
| LFE.TO | ZWC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.80% | -40.57% | -52.23% |
Max Drawdown (1Y)Largest decline over 1 year | -18.20% | -5.99% | -12.21% |
Max Drawdown (3Y)Largest decline over 3 years | -39.13% | -9.09% | -30.04% |
Max Drawdown (5Y)Largest decline over 5 years | -57.46% | -16.43% | -41.03% |
Max Drawdown (10Y)Largest decline over 10 years | -80.38% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | 0.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -65.48% | -4.64% | -60.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 1.25% | +3.45% |
Volatility
LFE.TO vs. ZWC.TO - Volatility Comparison
Canadian Life Companies Split Corp. (LFE.TO) has a higher volatility of 4.27% compared to BMO CA High Dividend Covered Call ETF (ZWC.TO) at 1.94%. This indicates that LFE.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
| LFE.TO | ZWC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 1.94% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 16.08% | 7.01% | +9.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 8.17% | +9.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.39% | 10.15% | +32.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.08% | 14.87% | +34.21% |
Dividends
LFE.TO vs. ZWC.TO - Dividend Comparison
LFE.TO's dividend yield for the trailing twelve months is around 13.02%, more than ZWC.TO's 5.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LFE.TO Canadian Life Companies Split Corp. | 13.02% | 16.33% | 9.45% | 0.00% | 4.13% | 1.45% | 6.94% | 2.69% | 4.94% | 14.49% | 4.16% | 2.85% |
ZWC.TO BMO CA High Dividend Covered Call ETF | 5.62% | 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
LFE.TO and ZWC.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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