PLYY vs. ZWB.TO

Last updated Jun 24, 2026

PLYY (GraniteShares YieldBoost PLTR ETF) and ZWB.TO (BMO Covered Call Canadian Banks ETF) are both exchange-traded funds - PLYY is a Derivative Income fund actively managed by GraniteShares, while ZWB.TO is a Financials Equities fund actively managed by BMO. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. PLYY charges 1.07%/yr vs 0.72%/yr for ZWB.TO.

Performance

PLYY vs. ZWB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBoost PLTR ETF (PLYY) and BMO Covered Call Canadian Banks ETF (ZWB.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PLYY is traded in USD, while ZWB.TO is traded in CAD. To make them comparable, the ZWB.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PLYY achieves a -29.16% return, which is significantly lower than ZWB.TO's 22.09% return.

PLYY

• 1D: -0.56%
• 1M: -8.02%
• YTD: -29.16%
• 6M: -35.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZWB.TO

• 1D: 0.50%
• 1M: 4.60%
• YTD: 22.09%
• 6M: 22.38%
• 1Y: 56.65%
• 3Y*: 27.11%
• 5Y*: 12.55%
• 10Y*: 12.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PLYY vs. ZWB.TO - Yearly Performance Comparison

	2026 (YTD)	2025
PLYY GraniteShares YieldBoost PLTR ETF	-29.16%	-3.83%
ZWB.TO BMO Covered Call Canadian Banks ETF	22.09%	12.60%

Correlation

The correlation between PLYY and ZWB.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025	0.27

Return for Risk

PLYY vs. ZWB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLYY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ZWB.TO

ZWB.TO Risk / Return Rank: 97
ZWB.TO Sharpe Ratio Rank: 98
ZWB.TO Sortino Ratio Rank: 98
ZWB.TO Omega Ratio Rank: 98
ZWB.TO Calmar Ratio Rank: 95
ZWB.TO Martin Ratio Rank: 96

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.

PLYY vs. ZWB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBoost PLTR ETF (PLYY) 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.

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.

	PLYY	ZWB.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	4.68	—
Sortino ratio: Return per unit of downside risk	—	6.27	—
Omega ratio: Gain probability vs. loss probability	—	1.85	—
Calmar ratio: Return relative to maximum drawdown	—	6.37	—
Martin ratio: Return relative to average drawdown	—	28.81	—

Drawdowns

PLYY vs. ZWB.TO - Drawdown Comparison

The maximum PLYY drawdown since its inception was -38.49%, smaller than the maximum ZWB.TO drawdown of -44.77%. Use the drawdown chart below to compare losses from any high point for PLYY and ZWB.TO.

Drawdown Indicators

	PLYY	ZWB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-38.49%	-44.77%	+6.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.77%	—
Current Drawdown Current decline from peak	-38.49%	0.00%	-38.49%
Average Drawdown Average peak-to-trough decline	-19.20%	-9.34%	-9.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.97%	—

Volatility

Volatility by Period

	PLYY	ZWB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.07%	12.17%	+16.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.07%	14.43%	+14.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.07%	17.23%	+11.84%

PLYY vs. ZWB.TO - Expense Ratio Comparison

PLYY has a 1.07% expense ratio, which is higher than ZWB.TO's 0.72% expense ratio.

Dividends

PLYY vs. ZWB.TO - Dividend Comparison

PLYY's dividend yield for the trailing twelve months is around 126.49%, more than ZWB.TO's 4.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLYY GraniteShares YieldBoost PLTR ETF	126.49%	32.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZWB.TO BMO Covered Call Canadian Banks ETF	4.62%	5.38%	6.66%	7.62%	7.30%	5.46%	5.80%	5.53%	5.59%	4.80%	5.04%	5.64%

Frequently Asked Questions

Can I hold both PLYY and ZWB.TO in my portfolio?

PLYY and ZWB.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.

Which ETF is better, PLYY or ZWB.TO?

On fees, ZWB.TO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLYY or ZWB.TO?

ZWB.TO is cheaper with a 0.72% expense ratio, compared with 1.07% for PLYY.

What is the main difference between PLYY and ZWB.TO?

PLYY is categorized as Derivative Income, while ZWB.TO is Financials Equities. They also come from different issuers: GraniteShares and BMO. Their fees differ too: 1.07% for PLYY and 0.72% for ZWB.TO.