Correlation
The correlation between ZWB.TO and ZWC.TO is 0.63, 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.
ZWB.TO vs. ZWC.TO
Compare and contrast key facts about BMO Covered Call Canadian Banks ETF (ZWB.TO) and BMO CA High Dividend Covered Call ETF (ZWC.TO).
ZWB.TO and ZWC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZWB.TO is an actively managed fund by BMO. It was launched on Jan 9, 2024. ZWC.TO is an actively managed fund by BMO. It was launched on Feb 3, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZWB.TO or ZWC.TO.
Performance
ZWB.TO vs. ZWC.TO - Performance Comparison
Loading data...
Key characteristics
ZWB.TO:
2.06
ZWC.TO:
1.45
ZWB.TO:
2.32
ZWC.TO:
1.69
ZWB.TO:
1.37
ZWC.TO:
1.25
ZWB.TO:
1.56
ZWC.TO:
1.45
ZWB.TO:
6.05
ZWC.TO:
6.24
ZWB.TO:
3.32%
ZWC.TO:
2.11%
ZWB.TO:
11.35%
ZWC.TO:
10.59%
ZWB.TO:
-39.36%
ZWC.TO:
-40.57%
ZWB.TO:
0.00%
ZWC.TO:
-0.05%
Returns By Period
In the year-to-date period, ZWB.TO achieves a 4.35% return, which is significantly lower than ZWC.TO's 5.80% return.
ZWB.TO
4.35%
6.53%
3.52%
22.80%
6.15%
14.25%
8.36%
ZWC.TO
5.80%
3.77%
2.62%
15.08%
5.65%
11.91%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZWB.TO vs. ZWC.TO - Expense Ratio Comparison
ZWB.TO has a 0.71% expense ratio, which is lower than ZWC.TO's 0.91% expense ratio.
Risk-Adjusted Performance
ZWB.TO vs. ZWC.TO — Risk-Adjusted Performance Rank
ZWB.TO
ZWC.TO
ZWB.TO vs. ZWC.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Covered Call Canadian Banks ETF (ZWB.TO) and BMO CA High Dividend Covered Call ETF (ZWC.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.
Loading data...
Dividends
ZWB.TO vs. ZWC.TO - Dividend Comparison
ZWB.TO's dividend yield for the trailing twelve months is around 7.11%, which matches ZWC.TO's 7.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZWB.TO BMO Covered Call Canadian Banks ETF | 7.11% | 6.66% | 7.62% | 7.30% | 5.46% | 5.80% | 5.53% | 5.59% | 4.80% | 5.04% | 5.64% | 4.77% |
ZWC.TO BMO CA High Dividend Covered Call ETF | 7.08% | 6.73% | 7.62% | 7.01% | 6.60% | 8.15% | 6.92% | 7.11% | 5.46% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZWB.TO vs. ZWC.TO - Drawdown Comparison
The maximum ZWB.TO drawdown since its inception was -39.36%, roughly equal to the maximum ZWC.TO drawdown of -40.57%. Use the drawdown chart below to compare losses from any high point for ZWB.TO and ZWC.TO.
Loading data...
Volatility
ZWB.TO vs. ZWC.TO - Volatility Comparison
The current volatility for BMO Covered Call Canadian Banks ETF (ZWB.TO) is 1.13%, while BMO CA High Dividend Covered Call ETF (ZWC.TO) has a volatility of 1.76%. This indicates that ZWB.TO experiences smaller price fluctuations and is considered to be less risky than ZWC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...