PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ZWC.TO vs. ZWH.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZWC.TO vs. ZWH.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO CA High Dividend Covered Call ETF (ZWC.TO) and BMO US High Dividend Covered Call ETF (ZWH.TO).

ZWC.TO and ZWH.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZWC.TO is an actively managed fund by BMO. It was launched on Feb 3, 2017. ZWH.TO is an actively managed fund by BMO. It was launched on Feb 9, 2014.

Performance

ZWC.TO vs. ZWH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO CA High Dividend Covered Call ETF (ZWC.TO) and BMO US High Dividend Covered Call ETF (ZWH.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

ZWC.TO vs. ZWH.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZWC.TO
BMO CA High Dividend Covered Call ETF		6.38%22.79%12.00%7.54%-3.54%25.39%-6.92%17.32%-10.05%7.34%
ZWH.TO
BMO US High Dividend Covered Call ETF		3.51%6.40%19.30%5.04%-0.57%24.20%0.19%17.18%0.10%8.03%

Returns By Period

In the year-to-date period, ZWC.TO achieves a 6.38% return, which is significantly higher than ZWH.TO's 3.51% return.

ZWC.TO

1D
1.51%
1M
-1.96%
YTD
6.38%
6M
12.84%
1Y
27.26%
3Y*
15.07%
5Y*
11.59%
10Y*
—

ZWH.TO

1D
1.66%
1M
-1.71%
YTD
3.51%
6M
4.63%
1Y
8.82%
3Y*
10.79%
5Y*
9.58%
10Y*
9.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

BMO CA High Dividend Covered Call ETF

BMO US High Dividend Covered Call ETF

Often compared with ZWC.TO:
ZWC.TO vs. ZWB.TOZWC.TO vs. VDY.TOZWC.TO vs. HDIV.TOZWC.TO vs. XEI.TOZWC.TO vs. ZDV.TOZWC.TO vs. HMAX.TOZWC.TO vs. ZLB.TO
Often compared with ZWH.TO:
ZWH.TO vs. JEPIZWH.TO vs. XDIV.TOZWH.TO vs. XEI.TOZWH.TO vs. SCHDZWH.TO vs. PDF.TOZWH.TO vs. HMAX.TOZWH.TO vs. VFV.TO

ZWC.TO vs. ZWH.TO - Expense Ratio Comparison

ZWC.TO has a 0.91% expense ratio, which is higher than ZWH.TO's 0.65% expense ratio.

ZWC.TO
BMO CA High Dividend Covered Call ETF
ZWH.TO
BMO US High Dividend Covered Call ETF

Return for Risk

ZWC.TO vs. ZWH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZWC.TO
ZWC.TO Risk / Return Rank: 9696
Overall Rank
ZWC.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
ZWC.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
ZWC.TO Omega Ratio Rank: 9797
Omega Ratio Rank
ZWC.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
ZWC.TO Martin Ratio Rank: 9696
Martin Ratio Rank
ZWH.TO
ZWH.TO Risk / Return Rank: 3434
Overall Rank
ZWH.TO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
ZWH.TO Sortino Ratio Rank: 3333
Sortino Ratio Rank
ZWH.TO Omega Ratio Rank: 3535
Omega Ratio Rank
ZWH.TO Calmar Ratio Rank: 3535
Calmar Ratio Rank
ZWH.TO Martin Ratio Rank: 3232
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.

ZWC.TO vs. ZWH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO CA High Dividend Covered Call ETF (ZWC.TO) and BMO US High Dividend Covered Call ETF (ZWH.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.

ZWC.TOZWH.TODifference

Sharpe ratio

Return per unit of total volatility

2.70

0.62

+2.08

Sortino ratio

Return per unit of downside risk

3.45

0.91

+2.54

Omega ratio

Gain probability vs. loss probability

1.58

1.14

+0.44

Calmar ratio

Return relative to maximum drawdown

3.15

0.86

+2.30

Martin ratio

Return relative to average drawdown

16.47

2.72

+13.74

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

ZWC.TO vs. ZWH.TO - Sharpe Ratio Comparison

The current ZWC.TO Sharpe Ratio is 2.70, which is higher than the ZWH.TO Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of ZWC.TO and ZWH.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.

Loading graphics...

Sharpe Ratios by Period

ZWC.TOZWH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.70

0.62

+2.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.16

0.83

+0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.75

-0.22

Correlation

The correlation between ZWC.TO and ZWH.TO is 0.60, 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.

Dividends

ZWC.TO vs. ZWH.TO - Dividend Comparison

ZWC.TO's dividend yield for the trailing twelve months is around 5.72%, less than ZWH.TO's 6.23% yield.

TTM20252024202320222021202020192018201720162015
ZWC.TO
BMO CA High Dividend Covered Call ETF		5.72%5.92%6.73%7.62%7.01%6.60%8.15%6.92%7.11%5.46%0.00%0.00%
ZWH.TO
BMO US High Dividend Covered Call ETF		6.23%6.22%4.87%5.71%6.03%5.64%6.59%5.97%5.66%5.46%5.57%5.31%

Drawdowns

ZWC.TO vs. ZWH.TO - Drawdown Comparison

The maximum ZWC.TO drawdown since its inception was -40.57%, which is greater than ZWH.TO's maximum drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for ZWC.TO and ZWH.TO.

Loading graphics...

Drawdown Indicators

ZWC.TOZWH.TODifference

Max Drawdown

Largest peak-to-trough decline

-40.57%

-34.01%

-6.56%

Max Drawdown (1Y)

Largest decline over 1 year

-8.93%

-11.79%

+2.86%

Max Drawdown (5Y)

Largest decline over 5 years

-16.43%

-15.59%

-0.84%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.01%

—

Current Drawdown

Current decline from peak

-2.63%

-2.51%

-0.12%

Average Drawdown

Average peak-to-trough decline

-4.76%

-3.14%

-1.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.71%

3.95%

-2.24%

Volatility

ZWC.TO vs. ZWH.TO - Volatility Comparison

BMO CA High Dividend Covered Call ETF (ZWC.TO) and BMO US High Dividend Covered Call ETF (ZWH.TO) have volatilities of 3.93% and 3.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

ZWC.TOZWH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.93%

3.75%

+0.18%

Volatility (6M)

Calculated over the trailing 6-month period

6.60%

7.44%

-0.84%

Volatility (1Y)

Calculated over the trailing 1-year period

10.17%

14.48%

-4.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.09%

11.59%

-1.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.04%

14.83%

+0.21%