ZWT.TO vs. VDY.TO
Compare and contrast key facts about BMO Covered Call Technology ETF (ZWT.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).
ZWT.TO and VDY.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. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012.
Performance
ZWT.TO vs. VDY.TO - Performance Comparison
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ZWT.TO vs. VDY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZWT.TO BMO Covered Call Technology ETF | -7.50% | 18.15% | 49.78% | 65.75% | -31.60% | 22.78% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 9.07% | 29.20% | 20.71% | 8.40% | -0.23% | 31.63% |
Returns By Period
In the year-to-date period, ZWT.TO achieves a -7.50% return, which is significantly lower than VDY.TO's 9.07% return.
ZWT.TO
- 1D
- 4.54%
- 1M
- -1.99%
- YTD
- -7.50%
- 6M
- -5.12%
- 1Y
- 23.02%
- 3Y*
- 29.71%
- 5Y*
- 17.49%
- 10Y*
- —
VDY.TO
- 1D
- 1.12%
- 1M
- 0.19%
- YTD
- 9.07%
- 6M
- 16.25%
- 1Y
- 39.26%
- 3Y*
- 22.01%
- 5Y*
- 16.73%
- 10Y*
- 13.53%
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ZWT.TO vs. VDY.TO - Expense Ratio Comparison
ZWT.TO has a 0.71% expense ratio, which is higher than VDY.TO's 0.22% expense ratio.
Return for Risk
ZWT.TO vs. VDY.TO — Risk / Return Rank
ZWT.TO
VDY.TO
ZWT.TO vs. VDY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Covered Call Technology ETF (ZWT.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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 | VDY.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 3.58 | -2.71 |
Sortino ratioReturn per unit of downside risk | 1.37 | 4.31 | -2.94 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.77 | -0.57 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 4.00 | -2.55 |
Martin ratioReturn relative to average drawdown | 4.35 | 22.92 | -18.57 |
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
| ZWT.TO | VDY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 3.58 | -2.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 1.47 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.80 | -0.05 |
Correlation
The correlation between ZWT.TO and VDY.TO is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ZWT.TO vs. VDY.TO - Dividend Comparison
ZWT.TO's dividend yield for the trailing twelve months is around 5.16%, more than VDY.TO's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZWT.TO BMO Covered Call Technology ETF | 5.16% | 4.46% | 3.34% | 3.83% | 6.54% | 4.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 3.51% | 3.59% | 4.40% | 4.64% | 4.42% | 3.58% | 4.59% | 4.25% | 4.43% | 3.82% | 3.25% | 4.11% |
Drawdowns
ZWT.TO vs. VDY.TO - Drawdown Comparison
The maximum ZWT.TO drawdown since its inception was -35.84%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for ZWT.TO and VDY.TO.
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Drawdown Indicators
| ZWT.TO | VDY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.84% | -39.21% | +3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -15.93% | -10.07% | -5.86% |
Max Drawdown (5Y)Largest decline over 5 years | -35.84% | -16.18% | -19.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.21% | — |
Current DrawdownCurrent decline from peak | -12.11% | -0.55% | -11.56% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -4.67% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 1.76% | +3.56% |
Volatility
ZWT.TO vs. VDY.TO - Volatility Comparison
BMO Covered Call Technology ETF (ZWT.TO) has a higher volatility of 7.83% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 3.37%. This indicates that ZWT.TO's price experiences larger fluctuations and is considered to be riskier than VDY.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 | VDY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 3.37% | +4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 6.43% | +8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.70% | 11.03% | +15.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.25% | 11.49% | +11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.17% | 15.96% | +7.21% |