ZWT.TO vs. FDN.TO
ZWT.TO (BMO Covered Call Technology ETF) and FDN.TO (First Trust Dow Jones Internet ETF) are both Technology Equities funds. ZWT.TO is actively managed, while FDN.TO is passively managed. Over the past 5 years, ZWT.TO returned 20.18%/yr vs 4.92%/yr for FDN.TO. At a 0.46 correlation, their price movements are largely independent.
Performance
ZWT.TO vs. FDN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZWT.TO achieves a 16.20% return, which is significantly higher than FDN.TO's 4.51% return.
ZWT.TO
- 1D
- -0.80%
- 1M
- -1.69%
- 6M
- 14.81%
- YTD
- 16.20%
- 1Y
- 30.88%
- 3Y*
- 32.15%
- 5Y*
- 20.18%
- 10Y*
- —
FDN.TO
- 1D
- 0.35%
- 1M
- 5.14%
- 6M
- 6.20%
- YTD
- 4.51%
- 1Y
- 6.45%
- 3Y*
- 19.77%
- 5Y*
- 4.92%
- 10Y*
- 3.50%
ZWT.TO vs. FDN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZWT.TO BMO Covered Call Technology ETF | 16.20% | 18.15% | 49.78% | 65.75% | -31.60% | 23.39% |
FDN.TO First Trust Dow Jones Internet ETF | 4.51% | 5.45% | 41.28% | 49.01% | -43.35% | -6.14% |
Correlation
The correlation between ZWT.TO and FDN.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2021 | 0.46 |
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Return for Risk
ZWT.TO vs. FDN.TO — Risk / Return Rank
ZWT.TO
FDN.TO
ZWT.TO vs. FDN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Covered Call Technology ETF (ZWT.TO) and First Trust Dow Jones Internet ETF (FDN.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.
| ZWT.TO | FDN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.08 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.30 | +1.64 |
| Martin ratioReturn relative to average drawdown | 6.04 | 0.68 | +5.36 |
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Drawdowns
ZWT.TO vs. FDN.TO - Drawdown Comparison
The maximum ZWT.TO drawdown since its inception was -35.84%, smaller than the maximum FDN.TO drawdown of -50.44%. Use the drawdown chart below to compare losses from any high point for ZWT.TO and FDN.TO.
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Drawdown Indicators
| ZWT.TO | FDN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.84% | -50.44% | +14.60% |
Max Drawdown (1Y)Largest decline over 1 year | -15.93% | -21.40% | +5.47% |
Max Drawdown (3Y)Largest decline over 3 years | -26.27% | -26.31% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -35.84% | -50.44% | +14.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.44% | — |
Current DrawdownCurrent decline from peak | -3.51% | -3.22% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -8.72% | -10.74% | +2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 9.44% | -4.32% |
Volatility
ZWT.TO vs. FDN.TO - Volatility Comparison
BMO Covered Call Technology ETF (ZWT.TO) has a higher volatility of 7.69% compared to First Trust Dow Jones Internet ETF (FDN.TO) at 5.14%. This indicates that ZWT.TO's price experiences larger fluctuations and is considered to be riskier than FDN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZWT.TO | FDN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 5.14% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 16.48% | 16.42% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.25% | 19.77% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.64% | 26.12% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.16% | 21.15% | +2.01% |
Dividends
ZWT.TO vs. FDN.TO - Dividend Comparison
ZWT.TO's dividend yield for the trailing twelve months is around 4.59%, while FDN.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDN.TO First Trust Dow Jones Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.65% | 5.69% | 1.47% | 1.40% | 1.76% | 1.51% | 1.50% |
ZWT.TO BMO Covered Call Technology ETF | 4.59% | 4.46% | 3.34% | 3.83% | 6.54% | 4.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZWT.TO and FDN.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and First Trust.
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