BMO CA High Dividend Covered Call ETF (ZWC.TO) ETF Analysis

Fund Overview

BMO CA High Dividend Covered Call ETF (ZWC.TO) is an exchange-traded fund. The fund is issued by BMO Asset Management Inc. It has been trading since February 12, 2026. Total net assets stand at CA$2.46B. Annual costs run at an expense ratio of 0.65%. On a CA$10,000 position that is CA$65.00 a year.

The largest positions on file are Royal Bank of Canada (RY), The Toronto-Dominion Bank (TD), and Canadian Imperial Bank of Commerce (CM.TO). Royal Bank of Canada alone accounts for 8.04% of the portfolio. The ten largest positions together make up 51.87% of the fund.

Performance Analysis

The most recent close on file for ZWC.TO is CA$23.00, dated September 4, 2026. The trailing one-year price return is +26.87%. Measured over 5 years, that is +11.66% a year compounded. The trailing distribution yield is 5.69%.

2026 is still running; the price is +16.70% year to date. Across the complete calendar years on file, 2021 returned +25.39% and 2020 returned −6.92%. Of the 7 complete calendar years on file, 5 finished higher.

Price & Risk Profile

The 52-week range on file runs from CA$19.20 to CA$23.22. The latest close sits 19.79% above that 52-week low. Annualized volatility over the trailing 8 years is 15.84%. Beta against the wider market is reported at 0.79. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.