ZWG.TO vs. IDVO
Compare and contrast key facts about BMO Global High Dividend Covered Call ETF (ZWG.TO) and Amplify International Enhanced Dividend Income ETF (IDVO).
ZWG.TO and IDVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZWG.TO is an actively managed fund by BMO. It was launched on Jan 15, 2020. IDVO is an actively managed fund by Amplify. It was launched on Sep 8, 2022.
Performance
ZWG.TO vs. IDVO - Performance Comparison
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ZWG.TO vs. IDVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZWG.TO BMO Global High Dividend Covered Call ETF | 2.31% | 7.31% | 21.47% | 9.25% | 8.06% |
IDVO Amplify International Enhanced Dividend Income ETF | 9.77% | 30.20% | 19.62% | 14.94% | 9.12% |
Different Trading Currencies
ZWG.TO is traded in CAD, while IDVO is traded in USD. To make them comparable, the IDVO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZWG.TO achieves a 2.31% return, which is significantly lower than IDVO's 9.77% return.
ZWG.TO
- 1D
- 0.00%
- 1M
- -2.31%
- YTD
- 2.31%
- 6M
- 2.76%
- 1Y
- 9.27%
- 3Y*
- 12.43%
- 5Y*
- 8.95%
- 10Y*
- —
IDVO
- 1D
- 1.02%
- 1M
- -1.50%
- YTD
- 9.77%
- 6M
- 12.36%
- 1Y
- 33.73%
- 3Y*
- 23.00%
- 5Y*
- —
- 10Y*
- —
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ZWG.TO vs. IDVO - Expense Ratio Comparison
Both ZWG.TO and IDVO have an expense ratio of 0.65%.
Return for Risk
ZWG.TO vs. IDVO — Risk / Return Rank
ZWG.TO
IDVO
ZWG.TO vs. IDVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Global High Dividend Covered Call ETF (ZWG.TO) and Amplify International Enhanced Dividend Income ETF (IDVO). 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.
| ZWG.TO | IDVO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 1.95 | -1.34 |
Sortino ratioReturn per unit of downside risk | 0.91 | 2.52 | -1.61 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.39 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 2.66 | -1.97 |
Martin ratioReturn relative to average drawdown | 2.55 | 11.02 | -8.48 |
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
| ZWG.TO | IDVO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 1.95 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.73 | -1.26 |
Correlation
The correlation between ZWG.TO and IDVO is 0.52, 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
ZWG.TO vs. IDVO - Dividend Comparison
ZWG.TO's dividend yield for the trailing twelve months is around 6.32%, more than IDVO's 5.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZWG.TO BMO Global High Dividend Covered Call ETF | 6.32% | 6.41% | 6.48% | 7.42% | 7.23% | 6.40% | 6.09% |
IDVO Amplify International Enhanced Dividend Income ETF | 5.47% | 5.42% | 6.14% | 5.72% | 1.96% | 0.00% | 0.00% |
Drawdowns
ZWG.TO vs. IDVO - Drawdown Comparison
The maximum ZWG.TO drawdown since its inception was -25.55%, which is greater than IDVO's maximum drawdown of -15.82%. Use the drawdown chart below to compare losses from any high point for ZWG.TO and IDVO.
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Drawdown Indicators
| ZWG.TO | IDVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.55% | -15.46% | -10.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -12.81% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -15.62% | — | — |
Current DrawdownCurrent decline from peak | -3.30% | -5.42% | +2.12% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -2.31% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.96% | +0.37% |
Volatility
ZWG.TO vs. IDVO - Volatility Comparison
The current volatility for BMO Global High Dividend Covered Call ETF (ZWG.TO) is 3.89%, while Amplify International Enhanced Dividend Income ETF (IDVO) has a volatility of 7.22%. This indicates that ZWG.TO experiences smaller price fluctuations and is considered to be less risky than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZWG.TO | IDVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 7.22% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.40% | 12.18% | -3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.23% | 17.36% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.61% | 13.93% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.05% | 13.93% | +35.12% |