ZWT.TO vs. QMVP.TO

Last updated Apr 2, 2026

Compare and contrast key facts about BMO Covered Call Technology ETF (ZWT.TO) and Hamilton Champions U.S. Technology Index ETF (QMVP.TO).

ZWT.TO and QMVP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZWT.TO is an actively managed fund by BMO. It was launched on Jan 19, 2021. QMVP.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Hamilton Champions U.S. Technology Index. It was launched on Jan 20, 2026.

Performance

ZWT.TO vs. QMVP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Covered Call Technology ETF (ZWT.TO) and Hamilton Champions U.S. Technology Index ETF (QMVP.TO). The values are adjusted to include any dividend payments, if applicable.

ZWT.TO vs. QMVP.TO - Yearly Performance Comparison

	2026 (YTD)
ZWT.TO BMO Covered Call Technology ETF	-5.94%
QMVP.TO Hamilton Champions U.S. Technology Index ETF	-6.64%

Returns By Period

ZWT.TO

• 1D: 1.31%
• 1M: -1.51%
• YTD: -6.29%
• 6M: -4.56%
• 1Y: 23.85%
• 3Y*: 30.28%
• 5Y*: 17.79%
• 10Y*: —

QMVP.TO

• 1D: 1.47%
• 1M: -1.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZWT.TO vs. QMVP.TO - Expense Ratio Comparison

ZWT.TO has a 0.71% expense ratio, which is higher than QMVP.TO's 0.19% expense ratio.

ZWT.TO

BMO Covered Call Technology ETF

QMVP.TO

Hamilton Champions U.S. Technology Index ETF

Return for Risk

ZWT.TO vs. QMVP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZWT.TO

ZWT.TO Risk / Return Rank: 50
ZWT.TO Sharpe Ratio Rank: 46
ZWT.TO Sortino Ratio Rank: 51
ZWT.TO Omega Ratio Rank: 51
ZWT.TO Calmar Ratio Rank: 57
ZWT.TO Martin Ratio Rank: 45

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.

ZWT.TO vs. QMVP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Covered Call Technology ETF (ZWT.TO) and Hamilton Champions U.S. Technology Index ETF (QMVP.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.

	ZWT.TO	QMVP.TO	Difference
Sharpe ratio Return per unit of total volatility	0.90	—	—
Sortino ratio Return per unit of downside risk	1.41	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.55	—	—
Martin ratio Return relative to average drawdown	4.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ZWT.TO	QMVP.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	-1.33	+2.09

Correlation

The correlation between ZWT.TO and QMVP.TO is 0.96, 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

ZWT.TO vs. QMVP.TO - Dividend Comparison

ZWT.TO's dividend yield for the trailing twelve months is around 5.09%, more than QMVP.TO's 0.13% yield.

	TTM	2025	2024	2023	2022	2021
ZWT.TO BMO Covered Call Technology ETF	5.09%	4.46%	3.34%	3.83%	6.54%	4.00%
QMVP.TO Hamilton Champions U.S. Technology Index ETF	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ZWT.TO vs. QMVP.TO - Drawdown Comparison

The maximum ZWT.TO drawdown since its inception was -35.84%, which is greater than QMVP.TO's maximum drawdown of -12.77%. Use the drawdown chart below to compare losses from any high point for ZWT.TO and QMVP.TO.

Drawdown Indicators

	ZWT.TO	QMVP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.84%	-12.77%	-23.07%
Max Drawdown (1Y) Largest decline over 1 year	-15.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.84%	—	—
Current Drawdown Current decline from peak	-10.96%	-8.10%	-2.86%
Average Drawdown Average peak-to-trough decline	-9.07%	-6.31%	-2.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.37%	—	—

Volatility

Volatility by Period

	ZWT.TO	QMVP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.72%	22.65%	+4.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.25%	22.65%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.16%	22.65%	+0.51%