YAVG.NEO vs. ZPW.TO
YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) and ZPW.TO (BMO US Put Write ETF) are both Derivative Income funds. Both are actively managed. Over the past year, YAVG.NEO returned 74.88% vs 11.62% for ZPW.TO. At a 0.16 correlation, their price movements are largely independent.
Performance
YAVG.NEO vs. ZPW.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YAVG.NEO achieves a 32.14% return, which is significantly higher than ZPW.TO's 5.69% return.
YAVG.NEO
- 1D
- -2.76%
- 1M
- -7.45%
- 6M
- 28.59%
- YTD
- 32.14%
- 1Y
- 74.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPW.TO
- 1D
- -0.50%
- 1M
- 2.76%
- 6M
- 4.49%
- YTD
- 5.69%
- 1Y
- 11.62%
- 3Y*
- 11.60%
- 5Y*
- 9.15%
- 10Y*
- 6.12%
YAVG.NEO vs. ZPW.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 32.14% | 56.73% |
ZPW.TO BMO US Put Write ETF | 5.69% | 5.54% |
Correlation
The correlation between YAVG.NEO and ZPW.TO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.16 |
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Return for Risk
YAVG.NEO vs. ZPW.TO — Risk / Return Rank
YAVG.NEO
ZPW.TO
YAVG.NEO vs. ZPW.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) and BMO US Put Write ETF (ZPW.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.
| YAVG.NEO | ZPW.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.08 | +0.84 |
| Martin ratioReturn relative to average drawdown | 7.09 | 5.91 | +1.18 |
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Drawdowns
YAVG.NEO vs. ZPW.TO - Drawdown Comparison
The maximum YAVG.NEO drawdown since its inception was -40.03%, which is greater than ZPW.TO's maximum drawdown of -23.77%. Use the drawdown chart below to compare losses from any high point for YAVG.NEO and ZPW.TO.
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Drawdown Indicators
| YAVG.NEO | ZPW.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.03% | -23.77% | -16.26% |
Max Drawdown (1Y)Largest decline over 1 year | -25.90% | -5.61% | -20.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.77% | — |
Current DrawdownCurrent decline from peak | -17.80% | -0.50% | -17.30% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -4.05% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.64% | 1.98% | +8.66% |
Volatility
YAVG.NEO vs. ZPW.TO - Volatility Comparison
Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a higher volatility of 17.55% compared to BMO US Put Write ETF (ZPW.TO) at 2.89%. This indicates that YAVG.NEO's price experiences larger fluctuations and is considered to be riskier than ZPW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YAVG.NEO | ZPW.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.55% | 2.89% | +14.66% |
Volatility (6M)Calculated over the trailing 6-month period | 43.72% | 6.18% | +37.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.18% | 7.32% | +47.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.71% | 10.62% | +45.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.71% | 11.72% | +43.99% |
Dividends
YAVG.NEO vs. ZPW.TO - Dividend Comparison
YAVG.NEO's dividend yield for the trailing twelve months is around 27.90%, more than ZPW.TO's 9.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 27.90% | 8.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZPW.TO BMO US Put Write ETF | 9.49% | 9.55% | 9.18% | 7.57% | 8.20% | 7.24% | 7.61% | 7.17% | 6.61% | 6.82% | 7.32% | 2.32% |
Frequently Asked Questions
YAVG.NEO and ZPW.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Purpose Investments and BMO.
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