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

Fund Overview

BMO Covered Call US Banks ETF (ZWK.TO) is an exchange-traded fund. The fund holds CA$354.79M 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 Bank of America Corp (BAC), Citizens Financial Group Inc (CFG), and Fifth Third Bancorp (FITB). Bank of America Corp alone accounts for 7.06% of the portfolio. The ten largest positions together make up 67.67% of the fund.

Performance Analysis

The most recent close on file for ZWK.TO is CA$29.32, dated September 4, 2026. Over the trailing twelve months the price has returned +21.56%. Across 5 years the annualized return works out at +7.20%. The fund distributes at a trailing yield of 5.91%.

So far in 2026 the price is +14.11%. 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 21.56% above that 52-week low. Annualized volatility over the trailing 7 years is 28.8%. 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.