ZWP.TO vs. VE.TO
Compare and contrast key facts about BMO Covered Call Europe High Dividend ETF (ZWP.TO) and Vanguard FTSE Developed Europe All Cap Index ETF (VE.TO).
ZWP.TO and VE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZWP.TO is an actively managed fund by BMO. It was launched on Mar 1, 2018. VE.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Europe All Cap Index. It was launched on Jun 30, 2014.
Performance
ZWP.TO vs. VE.TO - Performance Comparison
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ZWP.TO vs. VE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZWP.TO BMO Covered Call Europe High Dividend ETF | -1.05% | 22.37% | 8.60% | 16.33% | -0.97% | 12.69% | -3.55% | 13.15% | -9.11% |
VE.TO Vanguard FTSE Developed Europe All Cap Index ETF | 0.12% | 29.58% | 10.77% | 16.67% | -10.07% | 15.65% | 3.00% | 18.14% | -9.83% |
Returns By Period
In the year-to-date period, ZWP.TO achieves a -1.05% return, which is significantly lower than VE.TO's 0.12% return.
ZWP.TO
- 1D
- 3.08%
- 1M
- -6.60%
- YTD
- -1.05%
- 6M
- 3.22%
- 1Y
- 10.36%
- 3Y*
- 11.96%
- 5Y*
- 10.64%
- 10Y*
- —
VE.TO
- 1D
- 3.10%
- 1M
- -6.68%
- YTD
- 0.12%
- 6M
- 4.21%
- 1Y
- 16.44%
- 3Y*
- 15.23%
- 5Y*
- 10.71%
- 10Y*
- 9.42%
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ZWP.TO vs. VE.TO - Expense Ratio Comparison
ZWP.TO has a 0.65% expense ratio, which is higher than VE.TO's 0.22% expense ratio.
Return for Risk
ZWP.TO vs. VE.TO — Risk / Return Rank
ZWP.TO
VE.TO
ZWP.TO vs. VE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Covered Call Europe High Dividend ETF (ZWP.TO) and Vanguard FTSE Developed Europe All Cap Index ETF (VE.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.
| ZWP.TO | VE.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.01 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.43 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.25 | -0.39 |
Martin ratioReturn relative to average drawdown | 3.00 | 4.86 | -1.86 |
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
| ZWP.TO | VE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.01 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.73 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.52 | -0.09 |
Correlation
The correlation between ZWP.TO and VE.TO is 0.71, 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
ZWP.TO vs. VE.TO - Dividend Comparison
ZWP.TO's dividend yield for the trailing twelve months is around 6.39%, more than VE.TO's 2.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZWP.TO BMO Covered Call Europe High Dividend ETF | 6.39% | 6.22% | 7.13% | 7.23% | 7.04% | 6.45% | 7.28% | 6.92% | 6.45% | 0.00% | 0.00% | 0.00% |
VE.TO Vanguard FTSE Developed Europe All Cap Index ETF | 2.58% | 2.58% | 2.97% | 2.97% | 3.20% | 2.97% | 2.41% | 3.79% | 3.57% | 2.22% | 2.33% | 2.47% |
Drawdowns
ZWP.TO vs. VE.TO - Drawdown Comparison
The maximum ZWP.TO drawdown since its inception was -30.71%, roughly equal to the maximum VE.TO drawdown of -31.66%. Use the drawdown chart below to compare losses from any high point for ZWP.TO and VE.TO.
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Drawdown Indicators
| ZWP.TO | VE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -31.66% | +0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -12.68% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -27.26% | +7.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.66% | — |
Current DrawdownCurrent decline from peak | -7.08% | -7.46% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -5.63% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.26% | -0.21% |
Volatility
ZWP.TO vs. VE.TO - Volatility Comparison
The current volatility for BMO Covered Call Europe High Dividend ETF (ZWP.TO) is 7.11%, while Vanguard FTSE Developed Europe All Cap Index ETF (VE.TO) has a volatility of 7.86%. This indicates that ZWP.TO experiences smaller price fluctuations and is considered to be less risky than VE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZWP.TO | VE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 7.86% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 10.66% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 16.35% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 14.78% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 16.05% | -0.29% |