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TSX · CAD · ETF

BMO US Put Write ETF (ZPW.TO) ETF Analysis

ZPW.TO
Expense ratio 0.65% Yield 9.15% Since September 2, 2015 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$16.43
+CA$0.01 (+0.06%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ZPW.TO Annualized Returns

PeriodAnnualizedCA$100 becomes
1 year+12.32%CA$112.32
3 years+12.79%CA$143.47
5 years+10.22%CA$162.68
10 years+6.39%CA$185.81

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

ZPW.TO Return by Calendar Year

2016 and 2026 are partial years

View as table ↓View as chart ↑
YearReturn
2026 (partial year)+12.50%
2025+6.40%
2024+13.88%
2023+21.83%
2022−4.23%
2021+13.18%
2020+1.56%
2019−1.21%
2018+3.01%
2017−1.78%
2016 (partial year)+1.78%

ZPW.TO Monthly Returns

−6%+6%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026−1.2−0.4−0.6+1.4+3.8+1.3+1.2+2.3+4.2−0.1——
2025+3.7−1.3−2.0−5.3+2.0+2.2+1.7+0.7+2.9+1.8+0.8−0.6
2024+0.1+3.4+1.9−2.1−0.0+1.2+0.9+0.6+2.3+1.3+3.3+0.5
2023+4.1+2.6+2.6+1.1−0.6+1.2+2.3+1.9−1.3+1.8+3.4+1.0
2022−4.3−2.2+0.0−3.2−0.5−4.0+4.6+1.8−1.1+4.0+3.8−2.7
2021+0.2+1.6+1.8−0.2+0.1+3.7+1.3+3.8−2.2+0.4−1.7+3.9
2020+1.2−4.5−5.4+5.6+1.4−0.9+1.7+0.8+2.9−1.4+1.2−0.7
2019−1.4+0.4+2.5+1.4−2.6−2.3+1.7−1.3+0.2−0.2+2.1−1.5
2018−1.8+3.9−0.0−0.1+1.9+1.8−0.3+1.7−0.6−2.3+0.7−1.7
2017−2.6+2.3+0.9+2.9−1.0−3.7−3.0+0.3+0.4+3.8+0.4−2.1

Monthly total returns with dividends reinvested; each cell prints its signed value.

ZPW.TO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs
Annualized volatility
11.71%
Beta (3y)
0.15
Best year
+21.83%

2023

Worst year
−4.23%

2022

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

# Symbol Name Weight
1 META Meta Platforms Inc Class A 3.94%
2 AAPL Apple Inc 3.5%
3 NVDA NVIDIA Corp 3.13%
4 WMT Walmart Inc 2.83%
5 MSFT Microsoft Corp 2.52%
6 LMT Lockheed Martin Corp 2.2%
7 V Visa Inc Class A 2.17%
8 PG Procter & Gamble Co 2.06%
9 GOOGL Alphabet Inc Class A 2.01%
10 LLY Eli Lilly and Co 2%

Analysis

Data-derived

Fund Overview

BMO US Put Write ETF (ZPW.TO) is an exchange-traded fund. The expense ratio is 0.65%. On a CA$10,000 position that is CA$65.00 a year. The fund is issued by BMO Asset Management Inc. It has been trading since September 2, 2015.

Its biggest positions are Meta Platforms Inc Class A (META), Apple Inc (AAPL), and NVIDIA Corp (NVDA). Meta Platforms Inc Class A alone accounts for 3.94% of the portfolio. The ten largest positions together make up 26.35% of the fund.

Performance Analysis

ZPW.TO last closed at CA$16.43 on October 21, 2026. The trailing one-year total return is +12.32%. Across 10 years the annualized return works out at +6.39%. The fund distributes at a trailing yield of 9.15%.

The strongest complete calendar year on file is 2023 at +21.83%; the weakest is 2022 at −4.23%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the total return is +12.50%.

Price & Risk Profile

Daily returns over the trailing 10 years annualize to a volatility of 11.71%. The reported beta is 0.15. The 52-week range on file runs from CA$14.75 to CA$16.71. The latest close sits 11.39% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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