SBC.TO vs. ZWC.TO

Last updated Jun 4, 2026

SBC.TO (Brompton Split Banc 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, SBC.TO returned 23.81%/yr vs 11.09%/yr for ZWC.TO. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

SBC.TO vs. ZWC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brompton Split Banc Corp. (SBC.TO) and BMO CA High Dividend Covered Call ETF (ZWC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBC.TO achieves a 32.35% return, which is significantly higher than ZWC.TO's 11.12% return.

SBC.TO

• 1D: 0.65%
• 1M: 8.67%
• YTD: 32.35%
• 6M: 42.96%
• 1Y: 114.91%
• 3Y*: 45.26%
• 5Y*: 23.81%
• 10Y*: 20.70%

ZWC.TO

• 1D: -0.27%
• 1M: 2.71%
• YTD: 11.12%
• 6M: 12.78%
• 1Y: 28.05%
• 3Y*: 17.17%
• 5Y*: 11.09%
• 10Y*: —

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

SBC.TO vs. ZWC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBC.TO Brompton Split Banc Corp.	32.35%	73.30%	21.93%	-7.95%	-3.13%	70.49%	-7.21%	24.33%	-12.84%	13.21%
ZWC.TO BMO CA High Dividend Covered Call ETF	11.12%	22.79%	12.00%	7.54%	-3.54%	25.39%	-6.92%	17.32%	-10.05%	7.34%

Correlation

The correlation between SBC.TO and ZWC.TO is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Feb 13, 2017	0.60

The correlation between SBC.TO and ZWC.TO has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.

Return for Risk

SBC.TO vs. ZWC.TO — Risk / Return Rank

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

SBC.TO

SBC.TO Risk / Return Rank: 97
SBC.TO Sharpe Ratio Rank: 99
SBC.TO Sortino Ratio Rank: 99
SBC.TO Omega Ratio Rank: 98
SBC.TO Calmar Ratio Rank: 95
SBC.TO Martin Ratio Rank: 97

ZWC.TO

ZWC.TO Risk / Return Rank: 92
ZWC.TO Sharpe Ratio Rank: 93
ZWC.TO Sortino Ratio Rank: 95
ZWC.TO Omega Ratio Rank: 94
ZWC.TO Calmar Ratio Rank: 85
ZWC.TO Martin Ratio Rank: 92

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.

SBC.TO vs. ZWC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brompton Split Banc Corp. (SBC.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.

	SBC.TO	ZWC.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.24	3.61	+1.63
Sortino ratio: Return per unit of downside risk	5.84	5.11	+0.73
Omega ratio: Gain probability vs. loss probability	1.82	1.69	+0.13
Calmar ratio: Return relative to maximum drawdown	6.86	4.71	+2.16
Martin ratio: Return relative to average drawdown	26.92	23.23	+3.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBC.TO vs. ZWC.TO - Sharpe Ratio Comparison

The current SBC.TO Sharpe Ratio is 5.24, which is higher than the ZWC.TO Sharpe Ratio of 3.61. The chart below compares the historical Sharpe Ratios of SBC.TO and ZWC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SBC.TO	ZWC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.24	3.61	+1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.11	1.10	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.56	-0.15

Drawdowns

SBC.TO vs. ZWC.TO - Drawdown Comparison

The maximum SBC.TO drawdown since its inception was -78.75%, 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 SBC.TO and ZWC.TO.

Drawdown Indicators

	SBC.TO	ZWC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-78.75%	-40.57%	-38.18%
Max Drawdown (1Y) Largest decline over 1 year	-16.84%	-5.99%	-10.85%
Max Drawdown (3Y) Largest decline over 3 years	-26.85%	-9.09%	-17.76%
Max Drawdown (5Y) Largest decline over 5 years	-41.43%	-16.43%	-25.00%
Max Drawdown (10Y) Largest decline over 10 years	-66.79%	—	—
Current Drawdown Current decline from peak	-4.34%	-0.97%	-3.37%
Average Drawdown Average peak-to-trough decline	-11.83%	-4.69%	-7.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.28%	1.21%	+3.07%

Volatility

SBC.TO vs. ZWC.TO - Volatility Comparison

Brompton Split Banc Corp. (SBC.TO) has a higher volatility of 7.44% compared to BMO CA High Dividend Covered Call ETF (ZWC.TO) at 2.40%. This indicates that SBC.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.

Volatility by Period

	SBC.TO	ZWC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	2.40%	+5.04%
Volatility (6M) Calculated over the trailing 6-month period	17.20%	6.77%	+10.43%
Volatility (1Y) Calculated over the trailing 1-year period	22.07%	7.80%	+14.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.60%	10.13%	+11.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.15%	14.94%	+13.21%

Dividends

SBC.TO vs. ZWC.TO - Dividend Comparison

SBC.TO's dividend yield for the trailing twelve months is around 7.25%, more than ZWC.TO's 5.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBC.TO Brompton Split Banc Corp.	7.25%	8.08%	12.03%	12.89%	10.45%	8.97%	11.32%	9.20%	10.43%	8.11%	7.74%	10.48%
ZWC.TO BMO CA High Dividend Covered Call ETF	5.64%	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

Can I hold both SBC.TO and ZWC.TO in my portfolio?

SBC.TO and ZWC.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.