BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF (ZWA.TO) ETF Analysis

Fund Overview

BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF (ZWA.TO) is an exchange-traded fund. The fund holds CA$215.56M in total net assets. The expense ratio is 0.65%. On a CA$10,000 position that is CA$65.00 a year. BMO Asset Management Inc is the fund family on file. It has been trading since October 20, 2011.

The largest positions on file are The Goldman Sachs Group Inc (GS), Caterpillar Inc (CAT), and Microsoft Corp (MSFT). The Goldman Sachs Group Inc alone accounts for 11.53% of the portfolio. The ten largest positions together make up 55.34% of the fund.

Performance Analysis

ZWA.TO last closed at CA$28.68 on September 4, 2026. The trailing one-year price return is +13.60%. Measured over 5 years, that is +7.25% a year compounded. The fund distributes at a trailing yield of 5.71%.

Across the complete calendar years on file, 2019 returned +21.16% and 2022 returned −7.74%. Of the 7 complete calendar years on file, 6 finished higher. 2026 is still running; the price is +8.12% year to date.

Price & Risk Profile

Daily returns over the trailing 8 years annualize to a volatility of 18.28%. The reported beta is 0.72. The 52-week range on file runs from CA$25.36 to CA$29.97. The latest close sits 13.09% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.