ZWG.TO vs. YCST.NEO
ZWG.TO (BMO Global High Dividend Covered Call ETF) and YCST.NEO (Costco (COST) Yield Shares Purpose ETF) are both Derivative Income funds. Both are actively managed. Over the past year, ZWG.TO returned 22.65% vs -7.85% for YCST.NEO. At a 0.17 correlation, their price movements are largely independent. ZWG.TO charges 0.65%/yr vs 0.40%/yr for YCST.NEO.
Performance
ZWG.TO vs. YCST.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, ZWG.TO achieves a 11.46% return, which is significantly lower than YCST.NEO's 12.72% return.
ZWG.TO
- 1D
- -0.41%
- 1M
- 7.53%
- YTD
- 11.46%
- 6M
- 8.19%
- 1Y
- 22.65%
- 3Y*
- 16.14%
- 5Y*
- 10.76%
- 10Y*
- —
YCST.NEO
- 1D
- 0.77%
- 1M
- -5.63%
- YTD
- 12.72%
- 6M
- 5.30%
- 1Y
- -7.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZWG.TO vs. YCST.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZWG.TO BMO Global High Dividend Covered Call ETF | 11.46% | 3.84% |
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 12.72% | -16.43% |
Correlation
The correlation between ZWG.TO and YCST.NEO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.17 |
The correlation between ZWG.TO and YCST.NEO shifts across timeframes, from 0.06 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZWG.TO vs. YCST.NEO — Risk / Return Rank
ZWG.TO
YCST.NEO
ZWG.TO vs. YCST.NEO - 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 Costco (COST) Yield Shares Purpose ETF (YCST.NEO). 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 | YCST.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.95 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | -0.40 | +3.71 |
| Martin ratioReturn relative to average drawdown | 12.68 | -0.81 | +13.49 |
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 | YCST.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | -0.38 | +2.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | -0.18 | +0.39 |
Drawdowns
ZWG.TO vs. YCST.NEO - Drawdown Comparison
The maximum ZWG.TO drawdown since its inception was -25.55%, which is greater than YCST.NEO's maximum drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for ZWG.TO and YCST.NEO.
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Drawdown Indicators
| ZWG.TO | YCST.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.55% | -19.70% | -5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -19.54% | +12.66% |
Max Drawdown (3Y)Largest decline over 3 years | -14.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.62% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -12.62% | +12.06% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -8.56% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 9.91% | -8.12% |
Volatility
ZWG.TO vs. YCST.NEO - Volatility Comparison
The current volatility for BMO Global High Dividend Covered Call ETF (ZWG.TO) is 4.16%, while Costco (COST) Yield Shares Purpose ETF (YCST.NEO) has a volatility of 10.33%. This indicates that ZWG.TO experiences smaller price fluctuations and is considered to be less risky than YCST.NEO 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 | YCST.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 10.33% | -6.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 16.64% | -7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.95% | 20.54% | -9.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.71% | 25.22% | -13.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 239.97% | 25.22% | +214.75% |
ZWG.TO vs. YCST.NEO - Expense Ratio Comparison
ZWG.TO has a 0.65% expense ratio, which is higher than YCST.NEO's 0.40% expense ratio.
Dividends
ZWG.TO vs. YCST.NEO - Dividend Comparison
ZWG.TO's dividend yield for the trailing twelve months is around 5.88%, less than YCST.NEO's 14.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 14.01% | 10.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZWG.TO BMO Global High Dividend Covered Call ETF | 5.88% | 6.41% | 6.48% | 7.42% | 7.23% | 6.40% | 6.09% |
Frequently Asked Questions
ZWG.TO and YCST.NEO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YCST.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YCST.NEO is cheaper with a 0.40% expense ratio, compared with 0.65% for ZWG.TO.
They also come from different issuers: BMO and Purpose Investments. Their fees differ too: 0.65% for ZWG.TO and 0.40% for YCST.NEO.
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