ZWH.TO vs. XEI.TO
Compare and contrast key facts about BMO US High Dividend Covered Call ETF (ZWH.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO).
ZWH.TO and XEI.TO 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. XEI.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Apr 12, 2011.
Performance
ZWH.TO vs. XEI.TO - Performance Comparison
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ZWH.TO vs. XEI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 5.95% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 13.91% | 23.32% | 15.29% | 6.58% | 0.32% | 35.78% | -7.63% | 25.32% | -10.94% | 7.14% |
Returns By Period
In the year-to-date period, ZWH.TO achieves a 3.51% return, which is significantly lower than XEI.TO's 13.91% return. Over the past 10 years, ZWH.TO has underperformed XEI.TO with an annualized return of 9.03%, while XEI.TO has yielded a comparatively higher 11.93% annualized 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%
XEI.TO
- 1D
- 0.77%
- 1M
- 2.13%
- YTD
- 13.91%
- 6M
- 17.23%
- 1Y
- 36.58%
- 3Y*
- 18.69%
- 5Y*
- 15.24%
- 10Y*
- 11.93%
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ZWH.TO vs. XEI.TO - Expense Ratio Comparison
ZWH.TO has a 0.65% expense ratio, which is higher than XEI.TO's 0.22% expense ratio.
Return for Risk
ZWH.TO vs. XEI.TO — Risk / Return Rank
ZWH.TO
XEI.TO
ZWH.TO vs. XEI.TO - 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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.
| ZWH.TO | XEI.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 3.57 | -2.95 |
Sortino ratioReturn per unit of downside risk | 0.91 | 4.30 | -3.39 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.81 | -0.68 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 3.80 | -2.95 |
Martin ratioReturn relative to average drawdown | 2.72 | 22.22 | -19.49 |
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
| ZWH.TO | XEI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 3.57 | -2.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 1.37 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.75 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.63 | +0.12 |
Correlation
The correlation between ZWH.TO and XEI.TO is 0.48, 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
ZWH.TO vs. XEI.TO - Dividend Comparison
ZWH.TO's dividend yield for the trailing twelve months is around 6.23%, more than XEI.TO's 3.89% 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% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 3.89% | 4.39% | 5.45% | 4.98% | 4.68% | 3.58% | 5.03% | 4.62% | 5.42% | 4.29% | 4.42% | 5.64% |
Drawdowns
ZWH.TO vs. XEI.TO - Drawdown Comparison
The maximum ZWH.TO drawdown since its inception was -34.01%, smaller than the maximum XEI.TO drawdown of -45.52%. Use the drawdown chart below to compare losses from any high point for ZWH.TO and XEI.TO.
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Drawdown Indicators
| ZWH.TO | XEI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.01% | -45.52% | +11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.79% | -9.85% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -15.59% | -17.36% | +1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -45.52% | +11.51% |
Current DrawdownCurrent decline from peak | -2.51% | 0.00% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -5.14% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 1.68% | +2.27% |
Volatility
ZWH.TO vs. XEI.TO - Volatility Comparison
BMO US High Dividend Covered Call ETF (ZWH.TO) has a higher volatility of 3.75% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.68%. This indicates that ZWH.TO's price experiences larger fluctuations and is considered to be riskier than XEI.TO 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 | XEI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 2.68% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 5.90% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.48% | 10.30% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.59% | 11.24% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 16.02% | -1.19% |