ZWU.TO vs. CRT-UN.TO

Last updated Apr 2, 2026

Compare and contrast key facts about BMO Covered Call Utilities ETF (ZWU.TO) and CT Real Estate Investment Trust (CRT-UN.TO).

ZWU.TO is an actively managed fund by BMO. It was launched on Oct 20, 2011.

Performance

ZWU.TO vs. CRT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Covered Call Utilities ETF (ZWU.TO) and CT Real Estate Investment Trust (CRT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

ZWU.TO vs. CRT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZWU.TO BMO Covered Call Utilities ETF	11.36%	13.18%	10.97%	-2.79%	-3.89%	15.80%	-7.09%	23.48%	-5.73%	5.63%
CRT-UN.TO CT Real Estate Investment Trust	5.80%	20.98%	3.91%	-0.26%	-5.16%	16.13%	2.73%	47.58%	-15.83%	1.42%

Returns By Period

In the year-to-date period, ZWU.TO achieves a 11.36% return, which is significantly higher than CRT-UN.TO's 5.80% return. Over the past 10 years, ZWU.TO has underperformed CRT-UN.TO with an annualized return of 6.47%, while CRT-UN.TO has yielded a comparatively higher 7.36% annualized return.

ZWU.TO

• 1D: -0.33%
• 1M: 0.08%
• YTD: 11.36%
• 6M: 9.50%
• 1Y: 16.65%
• 3Y*: 10.49%
• 5Y*: 7.10%
• 10Y*: 6.47%

CRT-UN.TO

• 1D: 2.60%
• 1M: -0.57%
• YTD: 5.80%
• 6M: 7.09%
• 1Y: 21.20%
• 3Y*: 8.38%
• 5Y*: 6.91%
• 10Y*: 7.36%

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

Return for Risk

ZWU.TO vs. CRT-UN.TO — Risk / Return Rank

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

ZWU.TO

ZWU.TO Risk / Return Rank: 84
ZWU.TO Sharpe Ratio Rank: 87
ZWU.TO Sortino Ratio Rank: 86
ZWU.TO Omega Ratio Rank: 86
ZWU.TO Calmar Ratio Rank: 83
ZWU.TO Martin Ratio Rank: 80

CRT-UN.TO

CRT-UN.TO Risk / Return Rank: 84
CRT-UN.TO Sharpe Ratio Rank: 83
CRT-UN.TO Sortino Ratio Rank: 81
CRT-UN.TO Omega Ratio Rank: 76
CRT-UN.TO Calmar Ratio Rank: 90
CRT-UN.TO Martin Ratio Rank: 88

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.

ZWU.TO vs. CRT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Covered Call Utilities ETF (ZWU.TO) and CT Real Estate Investment Trust (CRT-UN.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.

	ZWU.TO	CRT-UN.TO	Difference
Sharpe ratio Return per unit of total volatility	1.84	1.49	+0.34
Sortino ratio Return per unit of downside risk	2.37	2.21	+0.16
Omega ratio Gain probability vs. loss probability	1.36	1.26	+0.10
Calmar ratio Return relative to maximum drawdown	2.50	3.86	-1.36
Martin ratio Return relative to average drawdown	9.31	9.76	-0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZWU.TO vs. CRT-UN.TO - Sharpe Ratio Comparison

The current ZWU.TO Sharpe Ratio is 1.84, which is comparable to the CRT-UN.TO Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of ZWU.TO and CRT-UN.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZWU.TO	CRT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	1.49	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.39	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.36	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.52	-0.09

Correlation

The correlation between ZWU.TO and CRT-UN.TO is 0.37, 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

ZWU.TO vs. CRT-UN.TO - Dividend Comparison

ZWU.TO's dividend yield for the trailing twelve months is around 6.94%, more than CRT-UN.TO's 5.56% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ZWU.TO BMO Covered Call Utilities ETF	6.94%	7.59%	7.96%	8.54%	8.35%	7.43%	7.94%	6.29%	6.84%	6.46%	6.77%	7.57%
CRT-UN.TO CT Real Estate Investment Trust	5.56%	5.77%	6.40%	6.04%	5.48%	4.76%	5.09%	4.70%	6.37%	4.82%	4.57%	5.09%

Drawdowns

ZWU.TO vs. CRT-UN.TO - Drawdown Comparison

The maximum ZWU.TO drawdown since its inception was -37.41%, smaller than the maximum CRT-UN.TO drawdown of -45.88%. Use the drawdown chart below to compare losses from any high point for ZWU.TO and CRT-UN.TO.

Drawdown Indicators

	ZWU.TO	CRT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-37.41%	-45.88%	+8.47%
Max Drawdown (1Y) Largest decline over 1 year	-6.71%	-6.24%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	-23.36%	-24.70%	+1.34%
Max Drawdown (10Y) Largest decline over 10 years	-37.41%	-45.88%	+8.47%
Current Drawdown Current decline from peak	-0.65%	-1.55%	+0.90%
Average Drawdown Average peak-to-trough decline	-5.42%	-6.34%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	2.46%	-0.66%

Volatility

ZWU.TO vs. CRT-UN.TO - Volatility Comparison

The current volatility for BMO Covered Call Utilities ETF (ZWU.TO) is 2.44%, while CT Real Estate Investment Trust (CRT-UN.TO) has a volatility of 5.49%. This indicates that ZWU.TO experiences smaller price fluctuations and is considered to be less risky than CRT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZWU.TO	CRT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	5.49%	-3.05%
Volatility (6M) Calculated over the trailing 6-month period	5.27%	9.77%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	9.11%	14.44%	-5.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.34%	17.62%	-7.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.15%	20.30%	-6.15%