ZWQT.TO vs. ZWT.TO
ZWQT.TO (BMO Global Enhanced Income Fund Series ETF) and ZWT.TO (BMO Covered Call Technology ETF) are both exchange-traded funds - ZWQT.TO is a Global Allocation fund actively managed by BMO, while ZWT.TO is a Technology Equities fund actively managed by BMO. Both are actively managed. Over the past 3 years, ZWQT.TO returned 18.53%/yr vs 33.62%/yr for ZWT.TO. At a 0.40 correlation, their price movements are largely independent. ZWQT.TO charges 0.87%/yr vs 0.71%/yr for ZWT.TO.
Performance
ZWQT.TO vs. ZWT.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ZWQT.TO having a 14.52% return and ZWT.TO slightly higher at 14.60%.
ZWQT.TO
- 1D
- -0.15%
- 1M
- 1.06%
- YTD
- 14.52%
- 6M
- 14.99%
- 1Y
- 30.31%
- 3Y*
- 18.53%
- 5Y*
- —
- 10Y*
- —
ZWT.TO
- 1D
- -0.72%
- 1M
- 0.67%
- YTD
- 14.60%
- 6M
- 13.94%
- 1Y
- 33.94%
- 3Y*
- 33.62%
- 5Y*
- 20.99%
- 10Y*
- —
ZWQT.TO vs. ZWT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZWQT.TO BMO Global Enhanced Income Fund Series ETF | 14.52% | 14.08% | 17.82% | 6.60% |
ZWT.TO BMO Covered Call Technology ETF | 14.60% | 18.15% | 49.78% | 17.23% |
Correlation
The correlation between ZWQT.TO and ZWT.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023 | 0.40 |
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Return for Risk
ZWQT.TO vs. ZWT.TO — Risk / Return Rank
ZWQT.TO
ZWT.TO
ZWQT.TO vs. ZWT.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 BMO Covered Call Technology ETF (ZWT.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZWQT.TO | ZWT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.30 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 5.57 | 2.14 | +3.43 |
| Martin ratioReturn relative to average drawdown | 22.94 | 6.72 | +16.22 |
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Drawdowns
ZWQT.TO vs. ZWT.TO - Drawdown Comparison
The maximum ZWQT.TO drawdown since its inception was -14.93%, smaller than the maximum ZWT.TO drawdown of -35.84%. Use the drawdown chart below to compare losses from any high point for ZWQT.TO and ZWT.TO.
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Drawdown Indicators
| ZWQT.TO | ZWT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.93% | -35.84% | +20.91% |
Max Drawdown (1Y)Largest decline over 1 year | -5.47% | -15.93% | +10.46% |
Max Drawdown (3Y)Largest decline over 3 years | -14.93% | -26.27% | +11.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.84% | — |
Current DrawdownCurrent decline from peak | -0.91% | -4.84% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -1.47% | -8.77% | +7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 5.06% | -3.74% |
Volatility
ZWQT.TO vs. ZWT.TO - Volatility Comparison
The current volatility for BMO Global Enhanced Income Fund Series ETF (ZWQT.TO) is 3.66%, while BMO Covered Call Technology ETF (ZWT.TO) has a volatility of 9.00%. This indicates that ZWQT.TO experiences smaller price fluctuations and is considered to be less risky than ZWT.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.TO | ZWT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 9.00% | -5.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 15.59% | -7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.71% | 19.59% | -9.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.04% | 23.51% | -12.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.04% | 23.14% | -12.10% |
ZWQT.TO vs. ZWT.TO - Expense Ratio Comparison
ZWQT.TO has a 0.87% expense ratio, which is higher than ZWT.TO's 0.71% expense ratio.
Dividends
ZWQT.TO vs. ZWT.TO - Dividend Comparison
ZWQT.TO's dividend yield for the trailing twelve months is around 4.94%, more than ZWT.TO's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ZWQT.TO BMO Global Enhanced Income Fund Series ETF | 4.94% | 5.54% | 5.96% | 3.30% | 0.00% | 0.00% |
ZWT.TO BMO Covered Call Technology ETF | 4.43% | 4.46% | 3.34% | 3.83% | 6.54% | 4.00% |
Frequently Asked Questions
ZWQT.TO and ZWT.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZWT.TO is cheaper at 0.71% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZWT.TO is cheaper with a 0.71% expense ratio, compared with 0.87% for ZWQT.TO.
ZWQT.TO is categorized as Global Allocation, while ZWT.TO is Technology Equities. Their fees differ too: 0.87% for ZWQT.TO and 0.71% for ZWT.TO.
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