ZWP.TO vs. ZLB.TO
Compare and contrast key facts about BMO Covered Call Europe High Dividend ETF (ZWP.TO) and BMO Low Volatility Canadian Equity ETF (ZLB.TO).
ZWP.TO and ZLB.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. ZLB.TO is an actively managed fund by BMO. It was launched on Oct 21, 2011.
Performance
ZWP.TO vs. ZLB.TO - Performance Comparison
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ZWP.TO vs. ZLB.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% |
ZLB.TO BMO Low Volatility Canadian Equity ETF | 1.42% | 20.31% | 15.20% | 9.29% | -0.46% | 22.81% | 1.39% | 21.80% | -0.43% |
Returns By Period
In the year-to-date period, ZWP.TO achieves a -1.05% return, which is significantly lower than ZLB.TO's 1.42% 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*
- —
ZLB.TO
- 1D
- 1.23%
- 1M
- -2.74%
- YTD
- 1.42%
- 6M
- 2.74%
- 1Y
- 15.44%
- 3Y*
- 12.86%
- 5Y*
- 11.57%
- 10Y*
- 10.13%
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ZWP.TO vs. ZLB.TO - Expense Ratio Comparison
ZWP.TO has a 0.65% expense ratio, which is higher than ZLB.TO's 0.39% expense ratio.
Return for Risk
ZWP.TO vs. ZLB.TO — Risk / Return Rank
ZWP.TO
ZLB.TO
ZWP.TO vs. ZLB.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 BMO Low Volatility Canadian Equity ETF (ZLB.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 | ZLB.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.48 | -0.81 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.99 | -0.98 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.30 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.57 | -1.71 |
Martin ratioReturn relative to average drawdown | 3.00 | 8.71 | -5.70 |
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 | ZLB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.48 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.22 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.12 | -0.69 |
Correlation
The correlation between ZWP.TO and ZLB.TO is 0.46, 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
ZWP.TO vs. ZLB.TO - Dividend Comparison
ZWP.TO's dividend yield for the trailing twelve months is around 6.39%, more than ZLB.TO's 1.92% 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% |
ZLB.TO BMO Low Volatility Canadian Equity ETF | 1.92% | 1.93% | 2.28% | 2.56% | 2.56% | 2.29% | 2.72% | 2.34% | 2.65% | 2.42% | 2.82% | 2.25% |
Drawdowns
ZWP.TO vs. ZLB.TO - Drawdown Comparison
The maximum ZWP.TO drawdown since its inception was -30.71%, smaller than the maximum ZLB.TO drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for ZWP.TO and ZLB.TO.
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Drawdown Indicators
| ZWP.TO | ZLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -33.96% | +3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -6.53% | -4.15% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -13.04% | -6.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.96% | — |
Current DrawdownCurrent decline from peak | -7.08% | -3.08% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -2.51% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 1.93% | +1.12% |
Volatility
ZWP.TO vs. ZLB.TO - Volatility Comparison
BMO Covered Call Europe High Dividend ETF (ZWP.TO) has a higher volatility of 7.11% compared to BMO Low Volatility Canadian Equity ETF (ZLB.TO) at 3.64%. This indicates that ZWP.TO's price experiences larger fluctuations and is considered to be riskier than ZLB.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 | ZLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 3.64% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 7.64% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 10.52% | +5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 9.57% | +4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 12.19% | +3.57% |