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XUH.TO vs. ZWH.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XUH.TO vs. ZWH.TO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) and BMO US High Dividend Covered Call ETF (ZWH.TO).

XUH.TO and ZWH.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XUH.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on Feb 17, 2015. ZWH.TO is an actively managed fund by BMO. It was launched on Feb 9, 2014.

Performance

XUH.TO vs. ZWH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) and BMO US High Dividend Covered Call ETF (ZWH.TO). The values are adjusted to include any dividend payments, if applicable.

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XUH.TO vs. ZWH.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)		-4.25%15.11%22.45%24.06%-20.19%26.19%15.53%28.46%-7.51%20.10%
ZWH.TO
BMO US High Dividend Covered Call ETF		2.93%6.40%19.30%5.04%-0.57%24.20%0.19%17.18%0.10%5.95%

Returns By Period

In the year-to-date period, XUH.TO achieves a -4.25% return, which is significantly lower than ZWH.TO's 2.93% return. Over the past 10 years, XUH.TO has outperformed ZWH.TO with an annualized return of 11.93%, while ZWH.TO has yielded a comparatively lower 8.96% annualized return.

XUH.TO

1D
0.94%
1M
-4.45%
YTD
-4.25%
6M
-2.50%
1Y
15.74%
3Y*
16.16%
5Y*
9.32%
10Y*
11.93%

ZWH.TO

1D
-0.56%
1M
-3.05%
YTD
2.93%
6M
3.42%
1Y
9.53%
3Y*
10.58%
5Y*
9.46%
10Y*
8.96%
*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.

iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)

BMO US High Dividend Covered Call ETF

Often compared with XUH.TO:
XUH.TO vs. XUU.TOXUH.TO vs. XUU-U.TOXUH.TO vs. VFV.TOXUH.TO vs. XSU.TOXUH.TO vs. IUSGXUH.TO vs. VSP.TOXUH.TO vs. VYM
Often compared with ZWH.TO:
ZWH.TO vs. ZWC.TOZWH.TO vs. JEPIZWH.TO vs. XEI.TOZWH.TO vs. XDIV.TOZWH.TO vs. SCHDZWH.TO vs. PDF.TOZWH.TO vs. HMAX.TO

XUH.TO vs. ZWH.TO - Expense Ratio Comparison

XUH.TO has a 0.08% expense ratio, which is lower than ZWH.TO's 0.65% expense ratio.

ZWH.TO
BMO US High Dividend Covered Call ETF
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)

Return for Risk

XUH.TO vs. ZWH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUH.TO
XUH.TO Risk / Return Rank: 4949
Overall Rank
XUH.TO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
XUH.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
XUH.TO Omega Ratio Rank: 5050
Omega Ratio Rank
XUH.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
XUH.TO Martin Ratio Rank: 5858
Martin Ratio Rank
ZWH.TO
ZWH.TO Risk / Return Rank: 3131
Overall Rank
ZWH.TO Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
ZWH.TO Sortino Ratio Rank: 3131
Sortino Ratio Rank
ZWH.TO Omega Ratio Rank: 3434
Omega Ratio Rank
ZWH.TO Calmar Ratio Rank: 2727
Calmar Ratio Rank
ZWH.TO Martin Ratio Rank: 2828
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.

XUH.TO vs. ZWH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) and BMO US High Dividend Covered Call ETF (ZWH.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.

XUH.TOZWH.TODifference

Sharpe ratio

Return per unit of total volatility

0.86

0.67

+0.19

Sortino ratio

Return per unit of downside risk

1.34

0.98

+0.36

Omega ratio

Gain probability vs. loss probability

1.20

1.15

+0.05

Calmar ratio

Return relative to maximum drawdown

1.32

0.70

+0.62

Martin ratio

Return relative to average drawdown

6.05

2.30

+3.74

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

XUH.TO vs. ZWH.TO - Sharpe Ratio Comparison

The current XUH.TO Sharpe Ratio is 0.86, which is comparable to the ZWH.TO Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of XUH.TO and ZWH.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.

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Sharpe Ratios by Period

XUH.TOZWH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.86

0.67

+0.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.82

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.61

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.74

-0.17

Correlation

The correlation between XUH.TO and ZWH.TO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XUH.TO vs. ZWH.TO - Dividend Comparison

XUH.TO's dividend yield for the trailing twelve months is around 0.94%, less than ZWH.TO's 6.26% yield.

TTM20252024202320222021202020192018201720162015
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)		0.94%0.91%1.10%1.15%1.40%0.98%1.25%1.67%1.81%1.25%1.63%1.62%
ZWH.TO
BMO US High Dividend Covered Call ETF		6.26%6.22%4.87%5.71%6.03%5.64%6.59%5.97%5.66%5.46%5.57%5.31%

Drawdowns

XUH.TO vs. ZWH.TO - Drawdown Comparison

The maximum XUH.TO drawdown since its inception was -38.37%, which is greater than ZWH.TO's maximum drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for XUH.TO and ZWH.TO.

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Drawdown Indicators

XUH.TOZWH.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.37%

-34.01%

-4.36%

Max Drawdown (1Y)

Largest decline over 1 year

-12.24%

-11.79%

-0.45%

Max Drawdown (5Y)

Largest decline over 5 years

-26.11%

-15.59%

-10.52%

Max Drawdown (10Y)

Largest decline over 10 years

-38.37%

-34.01%

-4.36%

Current Drawdown

Current decline from peak

-5.85%

-3.05%

-2.80%

Average Drawdown

Average peak-to-trough decline

-5.02%

-3.14%

-1.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

3.57%

-0.90%

Volatility

XUH.TO vs. ZWH.TO - Volatility Comparison

iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) has a higher volatility of 5.78% compared to BMO US High Dividend Covered Call ETF (ZWH.TO) at 3.58%. This indicates that XUH.TO's price experiences larger fluctuations and is considered to be riskier than ZWH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XUH.TOZWH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.78%

3.58%

+2.20%

Volatility (6M)

Calculated over the trailing 6-month period

10.01%

7.46%

+2.55%

Volatility (1Y)

Calculated over the trailing 1-year period

18.46%

14.39%

+4.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.08%

11.59%

+5.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.67%

14.82%

+3.85%