ZWT.TO vs. ZWB.TO
Compare and contrast key facts about BMO Covered Call Technology ETF (ZWT.TO) and BMO Covered Call Canadian Banks ETF (ZWB.TO).
ZWT.TO and ZWB.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. ZWB.TO is an actively managed fund by BMO. It was launched on Jan 9, 2024.
Performance
ZWT.TO vs. ZWB.TO - Performance Comparison
Loading graphics...
ZWT.TO vs. ZWB.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% |
ZWB.TO BMO Covered Call Canadian Banks ETF | 1.45% | 34.91% | 19.41% | 6.67% | -11.00% | 27.97% |
Returns By Period
In the year-to-date period, ZWT.TO achieves a -7.50% return, which is significantly lower than ZWB.TO's 1.45% 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*
- —
ZWB.TO
- 1D
- 2.55%
- 1M
- -3.53%
- YTD
- 1.45%
- 6M
- 13.31%
- 1Y
- 42.34%
- 3Y*
- 19.89%
- 5Y*
- 12.56%
- 10Y*
- 11.23%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZWT.TO vs. ZWB.TO - Expense Ratio Comparison
Both ZWT.TO and ZWB.TO have an expense ratio of 0.71%.
Return for Risk
ZWT.TO vs. ZWB.TO — Risk / Return Rank
ZWT.TO
ZWB.TO
ZWT.TO vs. ZWB.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 Covered Call Canadian Banks ETF (ZWB.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 | ZWB.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 3.44 | -2.57 |
Sortino ratioReturn per unit of downside risk | 1.37 | 4.46 | -3.08 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.70 | -0.51 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 5.30 | -3.84 |
Martin ratioReturn relative to average drawdown | 4.35 | 21.45 | -17.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ZWT.TO | ZWB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 3.44 | -2.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 1.02 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.68 | +0.07 |
Correlation
The correlation between ZWT.TO and ZWB.TO is 0.35, 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. ZWB.TO - Dividend Comparison
ZWT.TO's dividend yield for the trailing twelve months is around 5.16%, less than ZWB.TO's 5.49% 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% |
ZWB.TO BMO Covered Call Canadian Banks ETF | 5.49% | 5.38% | 6.66% | 7.62% | 7.30% | 5.46% | 5.80% | 5.53% | 5.59% | 4.80% | 5.04% | 5.64% |
Drawdowns
ZWT.TO vs. ZWB.TO - Drawdown Comparison
The maximum ZWT.TO drawdown since its inception was -35.84%, smaller than the maximum ZWB.TO drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for ZWT.TO and ZWB.TO.
Loading graphics...
Drawdown Indicators
| ZWT.TO | ZWB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.84% | -39.36% | +3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -15.93% | -8.10% | -7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -35.84% | -25.26% | -10.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.36% | — |
Current DrawdownCurrent decline from peak | -12.11% | -5.09% | -7.02% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -5.61% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 2.00% | +3.32% |
Volatility
ZWT.TO vs. ZWB.TO - Volatility Comparison
BMO Covered Call Technology ETF (ZWT.TO) has a higher volatility of 7.83% compared to BMO Covered Call Canadian Banks ETF (ZWB.TO) at 5.80%. This indicates that ZWT.TO's price experiences larger fluctuations and is considered to be riskier than ZWB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ZWT.TO | ZWB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 5.80% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 9.17% | +5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.70% | 12.37% | +14.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.25% | 12.43% | +10.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.17% | 15.62% | +7.55% |