YCST.NEO vs. ZWG.TO

Last updated Apr 3, 2026

Compare and contrast key facts about Costco (COST) Yield Shares Purpose ETF (YCST.NEO) and BMO Global High Dividend Covered Call ETF (ZWG.TO).

YCST.NEO and ZWG.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YCST.NEO is an actively managed fund by Purpose Investments. It was launched on Feb 20, 2025. ZWG.TO is an actively managed fund by BMO. It was launched on Jan 15, 2020.

Performance

YCST.NEO vs. ZWG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Costco (COST) Yield Shares Purpose ETF (YCST.NEO) and BMO Global High Dividend Covered Call ETF (ZWG.TO). The values are adjusted to include any dividend payments, if applicable.

YCST.NEO vs. ZWG.TO - Yearly Performance Comparison

	2026 (YTD)	2025
YCST.NEO Costco (COST) Yield Shares Purpose ETF	14.50%	-23.79%
ZWG.TO BMO Global High Dividend Covered Call ETF	2.03%	3.84%

Returns By Period

In the year-to-date period, YCST.NEO achieves a 14.50% return, which is significantly higher than ZWG.TO's 2.03% return.

YCST.NEO

• 1D: 1.67%
• 1M: 0.18%
• YTD: 14.50%
• 6M: 4.79%
• 1Y: -3.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZWG.TO

• 1D: -0.27%
• 1M: -1.38%
• YTD: 2.03%
• 6M: 2.58%
• 1Y: 8.30%
• 3Y*: 12.24%
• 5Y*: 8.89%
• 10Y*: —

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

YCST.NEO vs. ZWG.TO - Expense Ratio Comparison

YCST.NEO has a 0.40% expense ratio, which is lower than ZWG.TO's 0.65% expense ratio.

ZWG.TO

BMO Global High Dividend Covered Call ETF

YCST.NEO

Costco (COST) Yield Shares Purpose ETF

Return for Risk

YCST.NEO vs. ZWG.TO — Risk / Return Rank

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

YCST.NEO

YCST.NEO Risk / Return Rank: 8
YCST.NEO Sharpe Ratio Rank: 8
YCST.NEO Sortino Ratio Rank: 8
YCST.NEO Omega Ratio Rank: 8
YCST.NEO Calmar Ratio Rank: 9
YCST.NEO Martin Ratio Rank: 9

ZWG.TO

ZWG.TO Risk / Return Rank: 26
ZWG.TO Sharpe Ratio Rank: 27
ZWG.TO Sortino Ratio Rank: 26
ZWG.TO Omega Ratio Rank: 27
ZWG.TO Calmar Ratio Rank: 24
ZWG.TO Martin Ratio Rank: 26

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.

YCST.NEO vs. ZWG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Costco (COST) Yield Shares Purpose ETF (YCST.NEO) and BMO Global High Dividend Covered Call ETF (ZWG.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.

	YCST.NEO	ZWG.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.18	0.55	-0.73
Sortino ratio Return per unit of downside risk	-0.11	0.83	-0.93
Omega ratio Gain probability vs. loss probability	0.99	1.12	-0.13
Calmar ratio Return relative to maximum drawdown	-0.07	0.73	-0.80
Martin ratio Return relative to average drawdown	-0.13	2.69	-2.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YCST.NEO vs. ZWG.TO - Sharpe Ratio Comparison

The current YCST.NEO Sharpe Ratio is -0.18, which is lower than the ZWG.TO Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of YCST.NEO and ZWG.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

	YCST.NEO	ZWG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	0.55	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.49	0.44	-0.92

Correlation

The correlation between YCST.NEO and ZWG.TO is 0.17, 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

YCST.NEO vs. ZWG.TO - Dividend Comparison

YCST.NEO has not paid dividends to shareholders, while ZWG.TO's dividend yield for the trailing twelve months is around 6.34%.

	TTM	2025	2024	2023	2022	2021	2020
YCST.NEO Costco (COST) Yield Shares Purpose ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZWG.TO BMO Global High Dividend Covered Call ETF	6.34%	6.41%	6.48%	7.42%	7.23%	6.40%	6.09%

Drawdowns

YCST.NEO vs. ZWG.TO - Drawdown Comparison

The maximum YCST.NEO drawdown since its inception was -25.53%, roughly equal to the maximum ZWG.TO drawdown of -25.55%. Use the drawdown chart below to compare losses from any high point for YCST.NEO and ZWG.TO.

Drawdown Indicators

	YCST.NEO	ZWG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.53%	-25.55%	+0.02%
Max Drawdown (1Y) Largest decline over 1 year	-24.19%	-7.49%	-16.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.62%	—
Current Drawdown Current decline from peak	-13.93%	-3.55%	-10.38%
Average Drawdown Average peak-to-trough decline	-13.34%	-3.52%	-9.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.02%	3.34%	+9.68%

Volatility

YCST.NEO vs. ZWG.TO - Volatility Comparison

Costco (COST) Yield Shares Purpose ETF (YCST.NEO) has a higher volatility of 5.46% compared to BMO Global High Dividend Covered Call ETF (ZWG.TO) at 3.89%. This indicates that YCST.NEO's price experiences larger fluctuations and is considered to be riskier than ZWG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YCST.NEO	ZWG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	3.89%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	15.25%	8.35%	+6.90%
Volatility (1Y) Calculated over the trailing 1-year period	21.81%	15.21%	+6.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.83%	11.61%	+12.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	56.23%	-32.40%