Fund Overview
BMO Covered Call Canadian Banks ETF (ZWB.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. The inception date on file is January 24, 2022.
The largest positions on file are BMO Equal Weight Banks ETF (ZEB.TO), Bank of Montreal (BMO.TO), and Royal Bank of Canada (RY). BMO Equal Weight Banks ETF alone accounts for 19.67% of the portfolio.
Performance Analysis
The most recent close on file for ZWB.TO is CA$30.73, dated September 4, 2026. Over the trailing twelve months the price has returned +46.65%. Measured over 5 years, that is +15.74% a year compounded. The fund distributes at a trailing yield of 4.91%.
The strongest complete calendar year on file is 2025 at +34.91%; the weakest is 2022 at −11.00%. Of the 7 complete calendar years on file, 6 finished higher. So far in 2026 the price is +27.35%.
Price & Risk Profile
Annualized volatility over the trailing 8 years is 17.32%. Beta against the wider market is reported at 0.94. Over the past 52 weeks the price has ranged from CA$22.17 to CA$32.24. The latest close sits 38.61% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.