TSLY.TO vs. ZWC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO) and BMO CA High Dividend Covered Call ETF (ZWC.TO).

TSLY.TO and ZWC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLY.TO is an actively managed fund by Harvest. It was launched on Jan 14, 2025. ZWC.TO is an actively managed fund by BMO. It was launched on Feb 3, 2017.

Performance

TSLY.TO vs. ZWC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO) and BMO CA High Dividend Covered Call ETF (ZWC.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
TSLY.TO Harvest Tesla Enhanced High Income Shares ETF	-18.63%	-0.09%
ZWC.TO BMO CA High Dividend Covered Call ETF	6.38%	21.80%

Returns By Period

In the year-to-date period, TSLY.TO achieves a -18.63% return, which is significantly lower than ZWC.TO's 6.38% return.

TSLY.TO

• 1D: 1.65%
• 1M: -9.10%
• YTD: -18.63%
• 6M: -15.64%
• 1Y: 44.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZWC.TO

• 1D: 1.51%
• 1M: -1.96%
• YTD: 6.38%
• 6M: 12.84%
• 1Y: 27.26%
• 3Y*: 15.07%
• 5Y*: 11.59%
• 10Y*: —

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

TSLY.TO vs. ZWC.TO - Expense Ratio Comparison

TSLY.TO has a 0.40% expense ratio, which is lower than ZWC.TO's 0.91% expense ratio.

ZWC.TO

BMO CA High Dividend Covered Call ETF

TSLY.TO

Harvest Tesla Enhanced High Income Shares ETF

Return for Risk

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

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

TSLY.TO

TSLY.TO Risk / Return Rank: 52
TSLY.TO Sharpe Ratio Rank: 45
TSLY.TO Sortino Ratio Rank: 58
TSLY.TO Omega Ratio Rank: 48
TSLY.TO Calmar Ratio Rank: 67
TSLY.TO Martin Ratio Rank: 43

ZWC.TO

ZWC.TO Risk / Return Rank: 96
ZWC.TO Sharpe Ratio Rank: 97
ZWC.TO Sortino Ratio Rank: 97
ZWC.TO Omega Ratio Rank: 97
ZWC.TO Calmar Ratio Rank: 92
ZWC.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.

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

This table presents a comparison of risk-adjusted performance metrics for Harvest Tesla Enhanced High Income Shares ETF (TSLY.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.

	TSLY.TO	ZWC.TO	Difference
Sharpe ratio Return per unit of total volatility	0.79	2.70	-1.90
Sortino ratio Return per unit of downside risk	1.46	3.45	-1.99
Omega ratio Gain probability vs. loss probability	1.18	1.58	-0.40
Calmar ratio Return relative to maximum drawdown	1.63	3.15	-1.53
Martin ratio Return relative to average drawdown	3.90	16.47	-12.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current TSLY.TO Sharpe Ratio is 0.79, which is lower than the ZWC.TO Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of TSLY.TO and ZWC.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.

Sharpe Ratios by Period

	TSLY.TO	ZWC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	2.70	-1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	0.53	-0.78

Correlation

The correlation between TSLY.TO and ZWC.TO is 0.30, 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

TSLY.TO vs. ZWC.TO - Dividend Comparison

TSLY.TO's dividend yield for the trailing twelve months is around 40.35%, more than ZWC.TO's 5.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSLY.TO Harvest Tesla Enhanced High Income Shares ETF	40.35%	32.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZWC.TO BMO CA High Dividend Covered Call ETF	5.72%	5.92%	6.73%	7.62%	7.01%	6.60%	8.15%	6.92%	7.11%	5.46%

Drawdowns

TSLY.TO vs. ZWC.TO - Drawdown Comparison

The maximum TSLY.TO drawdown since its inception was -58.91%, 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 TSLY.TO and ZWC.TO.

Drawdown Indicators

	TSLY.TO	ZWC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-58.91%	-40.57%	-18.34%
Max Drawdown (1Y) Largest decline over 1 year	-26.25%	-8.93%	-17.32%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.43%	—
Current Drawdown Current decline from peak	-27.44%	-2.63%	-24.81%
Average Drawdown Average peak-to-trough decline	-27.81%	-4.76%	-23.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.93%	1.71%	+9.22%

Volatility

TSLY.TO vs. ZWC.TO - Volatility Comparison

Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO) has a higher volatility of 11.28% compared to BMO CA High Dividend Covered Call ETF (ZWC.TO) at 3.93%. This indicates that TSLY.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

	TSLY.TO	ZWC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.28%	3.93%	+7.35%
Volatility (6M) Calculated over the trailing 6-month period	29.49%	6.60%	+22.89%
Volatility (1Y) Calculated over the trailing 1-year period	56.76%	10.17%	+46.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.46%	10.09%	+52.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.46%	15.04%	+47.42%