ZWH.TO vs. JEPI
Compare and contrast key facts about BMO US High Dividend Covered Call ETF (ZWH.TO) and JPMorgan Equity Premium Income ETF (JEPI).
ZWH.TO and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZWH.TO is an actively managed fund by BMO. It was launched on Feb 9, 2014. JEPI is an actively managed fund by JPMorgan. It was launched on May 20, 2020.
Performance
ZWH.TO vs. JEPI - Performance Comparison
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ZWH.TO vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZWH.TO BMO US High Dividend Covered Call ETF | 3.51% | 6.40% | 19.30% | 5.04% | -0.57% | 24.20% | 16.82% |
JEPI JPMorgan Equity Premium Income ETF | 1.55% | 3.13% | 22.24% | 7.41% | 3.39% | 20.42% | 8.44% |
Different Trading Currencies
ZWH.TO is traded in CAD, while JEPI is traded in USD. To make them comparable, the JEPI values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZWH.TO achieves a 3.51% return, which is significantly higher than JEPI's 1.55% return.
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%
JEPI
- 1D
- 1.74%
- 1M
- -2.91%
- YTD
- 1.55%
- 6M
- 3.02%
- 1Y
- 4.25%
- 3Y*
- 10.62%
- 5Y*
- 10.52%
- 10Y*
- —
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ZWH.TO vs. JEPI - Expense Ratio Comparison
ZWH.TO has a 0.65% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Return for Risk
ZWH.TO vs. JEPI — Risk / Return Rank
ZWH.TO
JEPI
ZWH.TO vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO US High Dividend Covered Call ETF (ZWH.TO) and JPMorgan Equity Premium Income ETF (JEPI). 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.
| ZWH.TO | JEPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.32 | +0.29 |
Sortino ratioReturn per unit of downside risk | 0.91 | 0.52 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.53 | +0.32 |
Martin ratioReturn relative to average drawdown | 2.72 | 1.79 | +0.93 |
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
| ZWH.TO | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.32 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 1.04 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.11 | -0.37 |
Correlation
The correlation between ZWH.TO and JEPI is 0.73, 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
ZWH.TO vs. JEPI - Dividend Comparison
ZWH.TO's dividend yield for the trailing twelve months is around 6.23%, less than JEPI's 8.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JEPI JPMorgan Equity Premium Income ETF | 8.40% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZWH.TO vs. JEPI - Drawdown Comparison
The maximum ZWH.TO drawdown since its inception was -34.01%, which is greater than JEPI's maximum drawdown of -14.00%. Use the drawdown chart below to compare losses from any high point for ZWH.TO and JEPI.
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Drawdown Indicators
| ZWH.TO | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.01% | -13.71% | -20.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.79% | -10.28% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -15.59% | -13.71% | -1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | — | — |
Current DrawdownCurrent decline from peak | -2.51% | -4.79% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -2.07% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 2.10% | +1.85% |
Volatility
ZWH.TO vs. JEPI - Volatility Comparison
The current volatility for BMO US High Dividend Covered Call ETF (ZWH.TO) is 3.75%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 3.97%. This indicates that ZWH.TO experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZWH.TO | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 3.97% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 6.86% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.48% | 13.28% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.59% | 10.19% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 10.03% | +4.80% |