YPLT.NEO vs. ZWB.TO
YPLT.NEO (Palantir (PLTR) Yield Shares Purpose ETF) and ZWB.TO (BMO Covered Call Canadian Banks ETF) are both exchange-traded funds - YPLT.NEO is a Derivative Income fund actively managed by Purpose, while ZWB.TO is a Financials Equities fund actively managed by BMO. Both are actively managed. Over the past year, YPLT.NEO returned -13.87% vs 59.36% for ZWB.TO. At a 0.33 correlation, their price movements are largely independent. YPLT.NEO charges 0.40%/yr vs 0.72%/yr for ZWB.TO.
Performance
YPLT.NEO vs. ZWB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YPLT.NEO achieves a -31.78% return, which is significantly lower than ZWB.TO's 25.65% return.
YPLT.NEO
- 1D
- -3.37%
- 1M
- -20.69%
- YTD
- -31.78%
- 6M
- -37.99%
- 1Y
- -13.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZWB.TO
- 1D
- -0.45%
- 1M
- 6.10%
- YTD
- 25.65%
- 6M
- 25.20%
- 1Y
- 59.36%
- 3Y*
- 30.09%
- 5Y*
- 15.53%
- 10Y*
- 13.27%
YPLT.NEO vs. ZWB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF | -31.78% | 62.74% |
ZWB.TO BMO Covered Call Canadian Banks ETF | 25.65% | 34.65% |
Correlation
The correlation between YPLT.NEO and ZWB.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.33 |
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Return for Risk
YPLT.NEO vs. ZWB.TO — Risk / Return Rank
YPLT.NEO
ZWB.TO
YPLT.NEO vs. ZWB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) and BMO Covered Call Canadian Banks ETF (ZWB.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.
| YPLT.NEO | ZWB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.41 | ||
| Sortino ratioReturn per unit of downside risk | -6.98 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.98 | -0.97 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 7.63 | -7.96 |
| Martin ratioReturn relative to average drawdown | -0.69 | 34.24 | -34.93 |
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Drawdowns
YPLT.NEO vs. ZWB.TO - Drawdown Comparison
The maximum YPLT.NEO drawdown since its inception was -42.43%, which is greater than ZWB.TO's maximum drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for YPLT.NEO and ZWB.TO.
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Drawdown Indicators
| YPLT.NEO | ZWB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.43% | -39.36% | -3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -42.43% | -7.82% | -34.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.36% | — |
Current DrawdownCurrent decline from peak | -42.43% | -0.45% | -41.98% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -5.54% | -10.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.30% | 1.74% | +18.56% |
Volatility
YPLT.NEO vs. ZWB.TO - Volatility Comparison
Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) has a higher volatility of 20.85% compared to BMO Covered Call Canadian Banks ETF (ZWB.TO) at 3.37%. This indicates that YPLT.NEO's price experiences larger fluctuations and is considered to be riskier than ZWB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YPLT.NEO | ZWB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.85% | 3.37% | +17.48% |
Volatility (6M)Calculated over the trailing 6-month period | 47.78% | 9.96% | +37.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.83% | 11.53% | +50.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.56% | 12.65% | +56.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.56% | 15.67% | +53.89% |
YPLT.NEO vs. ZWB.TO - Expense Ratio Comparison
YPLT.NEO has a 0.40% expense ratio, which is lower than ZWB.TO's 0.72% expense ratio.
Dividends
YPLT.NEO vs. ZWB.TO - Dividend Comparison
YPLT.NEO's dividend yield for the trailing twelve months is around 61.08%, more than ZWB.TO's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF | 61.08% | 14.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZWB.TO BMO Covered Call Canadian Banks ETF | 4.64% | 5.38% | 6.66% | 7.62% | 7.30% | 5.46% | 5.80% | 5.53% | 5.59% | 4.80% | 5.04% | 5.64% |
Frequently Asked Questions
YPLT.NEO and ZWB.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YPLT.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YPLT.NEO is cheaper with a 0.40% expense ratio, compared with 0.72% for ZWB.TO.
YPLT.NEO is categorized as Derivative Income, while ZWB.TO is Financials Equities. They also come from different issuers: Purpose and BMO. Their fees differ too: 0.40% for YPLT.NEO and 0.72% for ZWB.TO.
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