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ZWQT.TO vs. XTR.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZWQT.TO vs. XTR.TO

Last updated Apr 2, 2026

Compare and contrast key facts about BMO Global Enhanced Income Fund Series ETF (ZWQT.TO) and iShares Diversified Monthly Income ETF (XTR.TO).

ZWQT.TO and XTR.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZWQT.TO is an actively managed fund by BMO. It was launched on Jun 19, 2023. XTR.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Neut Tgt Alloc NR CAD. It was launched on Dec 19, 2005.

Performance

ZWQT.TO vs. XTR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Global Enhanced Income Fund Series ETF (ZWQT.TO) and iShares Diversified Monthly Income ETF (XTR.TO). The values are adjusted to include any dividend payments, if applicable.

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ZWQT.TO vs. XTR.TO - Yearly Performance Comparison

2026 (YTD)202520242023
ZWQT.TO
BMO Global Enhanced Income Fund Series ETF		2.75%14.08%17.82%8.19%
XTR.TO
iShares Diversified Monthly Income ETF		2.82%5.04%12.59%6.50%

Returns By Period

The year-to-date returns for both investments are quite close, with ZWQT.TO having a 2.75% return and XTR.TO slightly higher at 2.82%.

ZWQT.TO

1D
2.02%
1M
-1.80%
YTD
2.75%
6M
6.56%
1Y
16.40%
3Y*
—
5Y*
—
10Y*
—

XTR.TO

1D
-0.08%
1M
-1.64%
YTD
2.82%
6M
0.63%
1Y
4.40%
3Y*
7.96%
5Y*
5.10%
10Y*
5.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO Global Enhanced Income Fund Series ETF

iShares Diversified Monthly Income ETF

Often compared with ZWQT.TO:
ZWQT.TO vs. BMAX.TOZWQT.TO vs. ZBAL.TOZWQT.TO vs. VRIF.TOZWQT.TO vs. ZSP.TOZWQT.TO vs. ZAG.TOZWQT.TO vs. ZLB.TOZWQT.TO vs. ZEQT.TO
Often compared with XTR.TO:
XTR.TO vs. FIE.TOXTR.TO vs. XCNS.TOXTR.TO vs. XDIV.TOXTR.TO vs. XEQT.TOXTR.TO vs. XEI.TOXTR.TO vs. ZMI.TOXTR.TO vs. HXT.TO

ZWQT.TO vs. XTR.TO - Expense Ratio Comparison

ZWQT.TO has a 0.87% expense ratio, which is higher than XTR.TO's 0.61% expense ratio.

ZWQT.TO
BMO Global Enhanced Income Fund Series ETF
XTR.TO
iShares Diversified Monthly Income ETF

Return for Risk

ZWQT.TO vs. XTR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZWQT.TO
ZWQT.TO Risk / Return Rank: 5757
Overall Rank
ZWQT.TO Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
ZWQT.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
ZWQT.TO Omega Ratio Rank: 6767
Omega Ratio Rank
ZWQT.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
ZWQT.TO Martin Ratio Rank: 5555
Martin Ratio Rank
XTR.TO
XTR.TO Risk / Return Rank: 2929
Overall Rank
XTR.TO Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
XTR.TO Sortino Ratio Rank: 2626
Sortino Ratio Rank
XTR.TO Omega Ratio Rank: 3232
Omega Ratio Rank
XTR.TO Calmar Ratio Rank: 2828
Calmar Ratio Rank
XTR.TO Martin Ratio Rank: 2828
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZWQT.TO vs. XTR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Global Enhanced Income Fund Series ETF (ZWQT.TO) and iShares Diversified Monthly Income ETF (XTR.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.

ZWQT.TOXTR.TODifference

Sharpe ratio

Return per unit of total volatility

1.13

0.62

+0.51

Sortino ratio

Return per unit of downside risk

1.59

0.81

+0.78

Omega ratio

Gain probability vs. loss probability

1.26

1.14

+0.12

Calmar ratio

Return relative to maximum drawdown

1.37

0.72

+0.65

Martin ratio

Return relative to average drawdown

6.16

2.40

+3.76

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZWQT.TO vs. XTR.TO - Sharpe Ratio Comparison

The current ZWQT.TO Sharpe Ratio is 1.13, which is higher than the XTR.TO Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of ZWQT.TO and XTR.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ZWQT.TOXTR.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.13

0.62

+0.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.80

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.43

0.37

+1.05

Correlation

The correlation between ZWQT.TO and XTR.TO is 0.53, 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

ZWQT.TO vs. XTR.TO - Dividend Comparison

ZWQT.TO's dividend yield for the trailing twelve months is around 5.46%, more than XTR.TO's 4.03% yield.

TTM20252024202320222021202020192018201720162015
ZWQT.TO
BMO Global Enhanced Income Fund Series ETF		5.46%5.54%5.96%3.30%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XTR.TO
iShares Diversified Monthly Income ETF		4.03%4.10%4.14%4.46%4.47%4.08%5.39%5.21%5.57%5.08%5.14%6.59%

Drawdowns

ZWQT.TO vs. XTR.TO - Drawdown Comparison

The maximum ZWQT.TO drawdown since its inception was -14.93%, smaller than the maximum XTR.TO drawdown of -51.58%. Use the drawdown chart below to compare losses from any high point for ZWQT.TO and XTR.TO.

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Drawdown Indicators

ZWQT.TOXTR.TODifference

Max Drawdown

Largest peak-to-trough decline

-14.93%

-51.58%

+36.65%

Max Drawdown (1Y)

Largest decline over 1 year

-11.71%

-5.90%

-5.81%

Max Drawdown (5Y)

Largest decline over 5 years

—

-9.87%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.93%

—

Current Drawdown

Current decline from peak

-2.31%

-1.64%

-0.67%

Average Drawdown

Average peak-to-trough decline

-1.54%

-5.12%

+3.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.60%

1.76%

+0.84%

Volatility

ZWQT.TO vs. XTR.TO - Volatility Comparison

BMO Global Enhanced Income Fund Series ETF (ZWQT.TO) has a higher volatility of 3.95% compared to iShares Diversified Monthly Income ETF (XTR.TO) at 2.18%. This indicates that ZWQT.TO's price experiences larger fluctuations and is considered to be riskier than XTR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZWQT.TOXTR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

2.18%

+1.77%

Volatility (6M)

Calculated over the trailing 6-month period

7.05%

4.72%

+2.33%

Volatility (1Y)

Calculated over the trailing 1-year period

14.52%

7.08%

+7.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.00%

6.38%

+4.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.00%

8.37%

+2.63%