PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
OILY.TO vs. ZWU.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

OILY.TO vs. ZWU.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) and BMO Covered Call Utilities ETF (ZWU.TO).

OILY.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. OILY.TO is a passively managed fund by Evolve that tracks the performance of the Solactive Canada Energy Top 10 Index. It was launched on Mar 26, 2025. ZWU.TO is an actively managed fund by BMO. It was launched on Oct 20, 2011.

Performance

OILY.TO vs. ZWU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) and BMO Covered Call Utilities ETF (ZWU.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

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

2026 (YTD)2025
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund ETF		30.30%3.96%
ZWU.TO
BMO Covered Call Utilities ETF		11.68%5.70%

Returns By Period

In the year-to-date period, OILY.TO achieves a 30.30% return, which is significantly higher than ZWU.TO's 11.68% return.

OILY.TO

1D
-2.08%
1M
9.89%
YTD
30.30%
6M
31.31%
1Y
36.97%
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)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Evolve Canadian Energy Enhanced Yield Index Fund ETF

BMO Covered Call Utilities ETF

Often compared with OILY.TO:
OILY.TO vs. ENCC.TOOILY.TO vs. ENCL.TOOILY.TO vs. HXE.TOOILY.TO vs. CANY.TOOILY.TO vs. HISA.NEOOILY.TO vs. XBM.TOOILY.TO vs. EBNK.TO
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

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

OILY.TO has a 0.60% expense ratio, which is lower than ZWU.TO's 0.65% expense ratio.

ZWU.TO
BMO Covered Call Utilities ETF
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OILY.TO
OILY.TO Risk / Return Rank: 7373
Overall Rank
OILY.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
OILY.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
OILY.TO Omega Ratio Rank: 8181
Omega Ratio Rank
OILY.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
OILY.TO Martin Ratio Rank: 6161
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.

OILY.TO vs. ZWU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.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.

OILY.TOZWU.TODifference

Sharpe ratio

Return per unit of total volatility

1.51

1.89

-0.38

Sortino ratio

Return per unit of downside risk

1.94

2.43

-0.50

Omega ratio

Gain probability vs. loss probability

1.32

1.37

-0.05

Calmar ratio

Return relative to maximum drawdown

1.68

2.66

-0.98

Martin ratio

Return relative to average drawdown

6.06

9.91

-3.85

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

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

The current OILY.TO Sharpe Ratio is 1.51, which is comparable to the ZWU.TO Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of OILY.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.

Loading graphics...

Sharpe Ratios by Period

OILY.TOZWU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.51

1.89

-0.38

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

1.43

0.43

+1.00

Correlation

The correlation between OILY.TO and ZWU.TO is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

OILY.TO vs. ZWU.TO - Dividend Comparison

OILY.TO's dividend yield for the trailing twelve months is around 11.26%, more than ZWU.TO's 6.92% yield.

TTM20252024202320222021202020192018201720162015
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund ETF		11.26%11.50%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

OILY.TO vs. ZWU.TO - Drawdown Comparison

The maximum OILY.TO drawdown since its inception was -22.70%, smaller than the maximum ZWU.TO drawdown of -37.41%. Use the drawdown chart below to compare losses from any high point for OILY.TO and ZWU.TO.

Loading graphics...

Drawdown Indicators

OILY.TOZWU.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.70%

-37.41%

+14.71%

Max Drawdown (1Y)

Largest decline over 1 year

-22.70%

-6.71%

-15.99%

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

-2.40%

-0.37%

-2.03%

Average Drawdown

Average peak-to-trough decline

-4.52%

-5.42%

+0.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.29%

1.80%

+4.49%

Volatility

OILY.TO vs. ZWU.TO - Volatility Comparison

Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) has a higher volatility of 4.79% compared to BMO Covered Call Utilities ETF (ZWU.TO) at 2.41%. This indicates that OILY.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.

Loading graphics...

Volatility by Period

OILY.TOZWU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.79%

2.41%

+2.38%

Volatility (6M)

Calculated over the trailing 6-month period

13.41%

5.28%

+8.13%

Volatility (1Y)

Calculated over the trailing 1-year period

24.63%

9.12%

+15.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.66%

10.34%

+14.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.66%

14.15%

+10.51%