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TSX · CAD · ETF

BMO Covered Call US Banks ETF (ZWK.TO) ETF Analysis

ZWK.TO
Expense ratio 0.65% Yield 6.58% Assets CA$323.92M Since February 12, 2026 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$27.10
+CA$0.20 (+0.74%)

October 21, 2026 · Market close

Compare

Price History

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

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ZWK.TO Annualized Returns

PeriodAnnualizedCA$100 becomes
1 year+15.62%CA$115.62
3 years+28.45%CA$211.95
5 years+3.70%CA$119.90
Since February 15, 2019+6.46%CA$161.70

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

ZWK.TO Return by Calendar Year

2019 and 2026 are partial years

View as table ↓View as chart ↑
YearReturn
2026 (partial year)+6.09%
2025+16.61%
2024+40.99%
2023−15.25%
2022−17.50%
2021+37.38%
2020−14.63%
2019 (partial year)+13.05%

ZWK.TO Monthly Returns

−32%+17%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+2.4−3.9−1.3+6.1+0.3+10.7+0.6−2.9−4.9−0.2——
2025+8.6−3.2−9.1−8.5+5.9+7.5+3.2+5.2+2.6−2.1+2.8+4.6
2024+2.2+2.1+8.5−0.8+2.3+0.6+9.1−0.5−0.5+6.8+12.9−6.3
2023+8.8+0.6−31.4+1.7−6.4+2.4+10.1−6.1−2.2−4.2+11.7+7.0
2022+1.6+0.6−8.4−7.7+3.0−10.4+7.2+0.8−3.7+4.5+2.0−6.8
2021+0.4+16.1+2.3+4.0+2.2−3.0−1.9+7.0+3.4+3.6−0.8+0.1
2020−6.2−13.0−26.0+13.4+0.2−0.4−2.8+2.0−1.9+6.8+13.3+6.1
2019——−5.7+9.9−7.2+3.8+3.5−6.4+6.5+1.7+6.4+1.1

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

ZWK.TO Volatility & Risk

Volatility: 7 yrs · Beta: 3 yrs
Annualized volatility
28.77%
Beta (3y)
1.55
Best year
+40.99%

2024

Worst year
−17.50%

2022

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

Top Holdings

# Symbol Name Weight
1 JPM JPMorgan Chase & Co 6.98%
2 USB U.S. Bancorp 6.9%
3 BAC Bank of America Corp 6.75%
4 CFG Citizens Financial Group Inc 6.74%
5 WFC Wells Fargo & Co 6.7%
6 PNC PNC Financial Services Group Inc 6.68%
7 FITB Fifth Third Bancorp 6.67%
8 MTB M&T Bank Corp 6.66%
9 RF Regions Financial Corp 6.64%
10 C Citigroup Inc 6.52%

Analysis

Data-derived

Fund Overview

BMO Covered Call US Banks ETF (ZWK.TO) is an exchange-traded fund. The fund holds CA$323.92M in total net assets. 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 February 12, 2026.

Its biggest positions are JPMorgan Chase & Co (JPM), U.S. Bancorp (USB), and Bank of America Corp (BAC). JPMorgan Chase & Co alone accounts for 6.98% of the portfolio. The ten largest positions together make up 67.23% of the fund.

Performance Analysis

The most recent close on file for ZWK.TO is CA$27.10, dated October 21, 2026. Over the trailing twelve months the total return is +15.62%. Across 5 years the annualized return works out at +3.70%. The fund distributes at a trailing yield of 6.58%.

So far in 2026 the total return is +6.09%. Across the complete calendar years on file, 2024 returned +40.99% and 2022 returned −17.50%. Of the 6 complete calendar years on file, 3 finished higher.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$24.12 to CA$30.86. The latest close sits 12.35% above that 52-week low. Annualized volatility over the trailing 7 years is 28.77%. Beta against the wider market is reported at 1.55. 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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