ZWEN.TO vs. XLE
Compare and contrast key facts about BMO Covered Call Energy ETF (ZWEN.TO) and State Street Energy Select Sector SPDR ETF (XLE).
ZWEN.TO and XLE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZWEN.TO is an actively managed fund by BMO. It was launched on Jan 23, 2023. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Performance
ZWEN.TO vs. XLE - Performance Comparison
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ZWEN.TO vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZWEN.TO BMO Covered Call Energy ETF | 31.77% | 6.74% | 10.43% | 2.68% |
XLE State Street Energy Select Sector SPDR ETF | 39.78% | 2.93% | 14.63% | -7.16% |
Different Trading Currencies
ZWEN.TO is traded in CAD, while XLE is traded in USD. To make them comparable, the XLE values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZWEN.TO achieves a 31.77% return, which is significantly lower than XLE's 39.78% return.
ZWEN.TO
- 1D
- -0.75%
- 1M
- 12.19%
- YTD
- 31.77%
- 6M
- 30.76%
- 1Y
- 29.50%
- 3Y*
- 18.70%
- 5Y*
- —
- 10Y*
- —
XLE
- 1D
- -1.24%
- 1M
- 12.44%
- YTD
- 39.78%
- 6M
- 39.09%
- 1Y
- 30.81%
- 3Y*
- 18.84%
- 5Y*
- 26.57%
- 10Y*
- 12.40%
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ZWEN.TO vs. XLE - Expense Ratio Comparison
ZWEN.TO has a 0.88% expense ratio, which is higher than XLE's 0.08% expense ratio.
Return for Risk
ZWEN.TO vs. XLE — Risk / Return Rank
ZWEN.TO
XLE
ZWEN.TO vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Covered Call Energy ETF (ZWEN.TO) and State Street Energy Select Sector SPDR ETF (XLE). 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.
| ZWEN.TO | XLE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.24 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.62 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.65 | +0.02 |
Martin ratioReturn relative to average drawdown | 4.78 | 3.53 | +1.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZWEN.TO | XLE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.24 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.44 | +0.46 |
Correlation
The correlation between ZWEN.TO and XLE is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ZWEN.TO vs. XLE - Dividend Comparison
ZWEN.TO's dividend yield for the trailing twelve months is around 7.38%, more than XLE's 2.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZWEN.TO BMO Covered Call Energy ETF | 7.38% | 9.53% | 9.09% | 8.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE State Street Energy Select Sector SPDR ETF | 2.44% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Drawdowns
ZWEN.TO vs. XLE - Drawdown Comparison
The maximum ZWEN.TO drawdown since its inception was -18.75%, smaller than the maximum XLE drawdown of -62.77%. Use the drawdown chart below to compare losses from any high point for ZWEN.TO and XLE.
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Drawdown Indicators
| ZWEN.TO | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -71.26% | +52.51% |
Max Drawdown (1Y)Largest decline over 1 year | -18.75% | -18.79% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.81% | — |
Current DrawdownCurrent decline from peak | -1.02% | -2.08% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -18.05% | +13.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 7.14% | -0.60% |
Volatility
ZWEN.TO vs. XLE - Volatility Comparison
The current volatility for BMO Covered Call Energy ETF (ZWEN.TO) is 4.12%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 5.52%. This indicates that ZWEN.TO experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZWEN.TO | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 5.52% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 13.99% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.06% | 24.92% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 24.06% | -6.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 27.13% | -9.37% |