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YAVG.NEO vs. ZWU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

YAVG.NEO vs. ZWU.TO

Last updated Jun 5, 2026

YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) and ZWU.TO (BMO Covered Call Utilities ETF) are both exchange-traded funds - YAVG.NEO is a Derivative Income fund actively managed by Purpose Investments, while ZWU.TO is a Utilities Equities fund actively managed by BMO. Both are actively managed. Over the past year, YAVG.NEO returned 105.48% vs 16.30% for ZWU.TO. At a correlation of -0.20, they often move in opposite directions.

Performance

YAVG.NEO vs. ZWU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) and BMO Covered Call Utilities ETF (ZWU.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, YAVG.NEO achieves a 42.78% return, which is significantly higher than ZWU.TO's 10.43% return.

YAVG.NEO

1D
-10.74%
1M
0.69%
YTD
42.78%
6M
30.18%
1Y
105.48%
3Y*
—
5Y*
—
10Y*
—

ZWU.TO

1D
0.25%
1M
-0.43%
YTD
10.43%
6M
9.84%
1Y
16.30%
3Y*
10.85%
5Y*
6.39%
10Y*
6.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

YAVG.NEO vs. ZWU.TO - Yearly Performance Comparison

2026 (YTD)2025
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF		42.78%57.91%
ZWU.TO
BMO Covered Call Utilities ETF		10.43%10.34%

Correlation

The correlation between YAVG.NEO and ZWU.TO is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.20

Correlation (All Time)
Calculated using the full available price history since Feb 21, 2025

-0.20

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Broadcom (AVGO) Yield Shares Purpose ETF

BMO Covered Call Utilities ETF

Often compared with YAVG.NEO:
YAVG.NEO vs. CBNK.TOYAVG.NEO vs. AVGY.TOYAVG.NEO vs. NXF.TOYAVG.NEO vs. UMAX.TOYAVG.NEO vs. RCDC.TOYAVG.NEO vs. PMM.TOYAVG.NEO vs. YNVD.NEO
Often compared with ZWU.TO:
ZWU.TO vs. ZUT.TOZWU.TO vs. UMAX.TOZWU.TO vs. UTES.TOZWU.TO vs. ZWC.TOZWU.TO vs. HUTE.TOZWU.TO vs. PAYF.TOZWU.TO vs. SYLD.TO

Return for Risk

YAVG.NEO vs. ZWU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
YAVG.NEO
YAVG.NEO Risk / Return Rank: 7070
Overall Rank
YAVG.NEO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
YAVG.NEO Sortino Ratio Rank: 6464
Sortino Ratio Rank
YAVG.NEO Omega Ratio Rank: 7171
Omega Ratio Rank
YAVG.NEO Calmar Ratio Rank: 8080
Calmar Ratio Rank
YAVG.NEO Martin Ratio Rank: 6767
Martin Ratio Rank
ZWU.TO
ZWU.TO Risk / Return Rank: 6565
Overall Rank
ZWU.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
ZWU.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
ZWU.TO Omega Ratio Rank: 6565
Omega Ratio Rank
ZWU.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
ZWU.TO Martin Ratio Rank: 5656
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.

YAVG.NEO vs. ZWU.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 Covered Call Utilities ETF (ZWU.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.

YAVG.NEOZWU.TODifference
Sharpe ratioReturn per unit of total volatility
2.16
2.17

0.00

Sortino ratioReturn per unit of downside risk
2.93
3.18

-0.25

Omega ratioGain probability vs. loss probability

1.41

1.39

+0.03

Calmar ratioReturn relative to maximum drawdown

4.10

3.37

+0.73

Martin ratioReturn relative to average drawdown

12.10

9.48

+2.62

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

YAVG.NEO vs. ZWU.TO - Sharpe Ratio Comparison

The current YAVG.NEO Sharpe Ratio is 2.16, which is comparable to the ZWU.TO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of YAVG.NEO and ZWU.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.

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Sharpe Ratios by Period

YAVG.NEOZWU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.16

2.17

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.61

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.43

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.67

0.42

+1.25

Drawdowns

YAVG.NEO vs. ZWU.TO - Drawdown Comparison

The maximum YAVG.NEO drawdown since its inception was -39.57%, which is greater than ZWU.TO's maximum drawdown of -37.41%. Use the drawdown chart below to compare losses from any high point for YAVG.NEO and ZWU.TO.

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Drawdown Indicators

YAVG.NEOZWU.TODifference

Max Drawdown

Largest peak-to-trough decline

-39.57%

-37.41%

-2.16%

Max Drawdown (1Y)

Largest decline over 1 year

-25.90%

-4.86%

-21.04%

Max Drawdown (3Y)

Largest decline over 3 years

—

-12.85%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.36%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.41%

—

Current Drawdown

Current decline from peak

-11.18%

-2.06%

-9.12%

Average Drawdown

Average peak-to-trough decline

-8.27%

-5.38%

-2.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.75%

1.72%

+7.03%

Volatility

YAVG.NEO vs. ZWU.TO - Volatility Comparison

Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a higher volatility of 16.20% compared to BMO Covered Call Utilities ETF (ZWU.TO) at 2.80%. This indicates that YAVG.NEO's price experiences larger fluctuations and is considered to be riskier than ZWU.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.NEOZWU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

16.20%

2.80%

+13.40%

Volatility (6M)

Calculated over the trailing 6-month period

39.35%

6.26%

+33.09%

Volatility (1Y)

Calculated over the trailing 1-year period

49.06%

7.59%

+41.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

53.26%

10.47%

+42.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

53.26%

14.18%

+39.08%

Dividends

YAVG.NEO vs. ZWU.TO - Dividend Comparison

YAVG.NEO's dividend yield for the trailing twelve months is around 24.38%, more than ZWU.TO's 7.08% yield.

PositionTTM20252024202320222021202020192018201720162015
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF		24.38%8.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZWU.TO
BMO Covered Call Utilities ETF		7.08%7.59%7.96%8.54%8.35%7.43%7.94%6.29%6.84%6.46%6.77%7.57%

Frequently Asked Questions

YAVG.NEO and ZWU.TO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

YAVG.NEO is categorized as Derivative Income, while ZWU.TO is Utilities Equities. They also come from different issuers: Purpose Investments and BMO.

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