ZWT.TO vs. ZQQ.TO
Compare and contrast key facts about BMO Covered Call Technology ETF (ZWT.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO).
ZWT.TO and ZQQ.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. ZQQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 19, 2010.
Performance
ZWT.TO vs. ZQQ.TO - Performance Comparison
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ZWT.TO vs. ZQQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZWT.TO BMO Covered Call Technology ETF | -6.29% | 18.15% | 49.78% | 65.75% | -31.60% | 22.78% |
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged) | -5.43% | 18.38% | 24.00% | 52.52% | -33.75% | 21.20% |
Returns By Period
In the year-to-date period, ZWT.TO achieves a -6.29% return, which is significantly lower than ZQQ.TO's -5.43% return.
ZWT.TO
- 1D
- 1.31%
- 1M
- -1.51%
- YTD
- -6.29%
- 6M
- -4.56%
- 1Y
- 23.85%
- 3Y*
- 30.28%
- 5Y*
- 17.79%
- 10Y*
- —
ZQQ.TO
- 1D
- 1.20%
- 1M
- -4.11%
- YTD
- -5.43%
- 6M
- -4.10%
- 1Y
- 21.50%
- 3Y*
- 20.71%
- 5Y*
- 11.46%
- 10Y*
- 17.28%
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ZWT.TO vs. ZQQ.TO - Expense Ratio Comparison
ZWT.TO has a 0.71% expense ratio, which is higher than ZQQ.TO's 0.39% expense ratio.
Return for Risk
ZWT.TO vs. ZQQ.TO — Risk / Return Rank
ZWT.TO
ZQQ.TO
ZWT.TO vs. ZQQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Covered Call Technology ETF (ZWT.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.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 | ZQQ.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.97 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.53 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.73 | -0.18 |
Martin ratioReturn relative to average drawdown | 4.59 | 6.02 | -1.43 |
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 | ZQQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.97 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.51 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.83 | -0.07 |
Correlation
The correlation between ZWT.TO and ZQQ.TO is 0.87, 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. ZQQ.TO - Dividend Comparison
ZWT.TO's dividend yield for the trailing twelve months is around 5.09%, more than ZQQ.TO's 0.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZWT.TO BMO Covered Call Technology ETF | 5.09% | 4.46% | 3.34% | 3.83% | 6.54% | 4.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged) | 0.28% | 0.27% | 0.37% | 0.32% | 0.45% | 0.14% | 0.41% | 0.51% | 0.64% | 0.57% | 1.60% | 0.81% |
Drawdowns
ZWT.TO vs. ZQQ.TO - Drawdown Comparison
The maximum ZWT.TO drawdown since its inception was -35.84%, roughly equal to the maximum ZQQ.TO drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for ZWT.TO and ZQQ.TO.
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Drawdown Indicators
| ZWT.TO | ZQQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.84% | -36.39% | +0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -15.93% | -12.86% | -3.07% |
Max Drawdown (5Y)Largest decline over 5 years | -35.84% | -36.39% | +0.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.39% | — |
Current DrawdownCurrent decline from peak | -10.96% | -8.79% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -5.41% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.37% | 3.69% | +1.68% |
Volatility
ZWT.TO vs. ZQQ.TO - Volatility Comparison
BMO Covered Call Technology ETF (ZWT.TO) has a higher volatility of 7.88% compared to BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) at 6.69%. This indicates that ZWT.TO's price experiences larger fluctuations and is considered to be riskier than ZQQ.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 | ZQQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 6.69% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.66% | 12.68% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.72% | 22.22% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.25% | 22.58% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.16% | 22.36% | +0.80% |