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BMO Europe High Dividend Covered Call ETF (ZWP.TO) ETF Analysis

ZWP.TO

Expense ratio 0.65% Yield 6.33% Assets CA$1.09B Since March 1, 2018 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$20.01

−CA$0.11 (−0.55%)

October 21, 2026 · Market close

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Price History

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

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ZWP.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+5.42%	+5.42%	CA$105.42	CA$316.25
3 years	+50.77%	+14.67%	CA$150.77	CA$452.31
5 years	+65.89%	+10.65%	CA$165.89	CA$497.68
Since March 7, 2018	+72.11%	+6.50%	CA$172.11	CA$516.33

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

ZWP.TO Return by Calendar Year

2018 and 2026 are partial years

−11.74%+22.37%+3.57%

2018*20192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+3.57%
2025	+22.37%
2024	+8.60%
2023	+16.33%
2022	−0.97%
2021	+12.69%
2020	−3.55%
2019	+13.15%
2018 (partial year)	−11.74%

ZWP.TO Monthly Returns

−11%+13%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+2.6	+3.2	−6.6	+1.6	+3.4	+2.3	+1.9	−0.3	−2.6	−1.7	—	—
2025	+6.4	+3.1	−0.0	−1.9	+2.1	+1.5	−0.9	+4.0	+2.1	+1.1	+2.2	+0.9
2024	+0.8	+4.2	+1.3	−1.6	+4.4	−0.2	+0.6	+1.8	+1.2	−1.4	−2.9	+0.5
2023	+5.8	+0.3	+2.7	+4.4	−5.1	+1.6	+0.8	+0.4	−3.1	+0.7	+4.2	+3.0
2022	−1.1	−4.1	−0.6	−1.6	−0.3	−6.6	+2.5	−3.3	−2.7	+6.0	+12.1	−0.1
2021	−1.6	+3.6	+1.6	+1.8	+1.3	+0.7	+2.1	+1.9	−4.7	+1.5	−0.6	+4.6
2020	−1.1	−7.7	−10.3	+2.6	+1.8	+4.8	+1.4	+1.4	−1.5	−7.9	+12.9	+2.3
2019	+1.5	+2.1	+2.9	+2.8	−4.5	+3.0	−2.6	−0.1	+2.5	+1.9	+2.6	+0.6
2018	—	—	—	+0.2	−4.0	+0.6	+1.4	−1.3	−0.3	−5.4	+0.7	−2.0

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

ZWP.TO Volatility & Risk

Volatility: 8 yrs · Beta: 3 yrs

Annualized volatility: 15.89%
Beta (3y): 0.79
Best year: +22.37%
Worst year: −3.55%

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

Top Holdings

#	Symbol	Name	Weight
1	HSBA.L	HSBC Holdings PLC	5.95%
2	ISP.MI	Intesa Sanpaolo	5.69%
3	ROP.SW	Roche Holding AG Ordinary Shares new	5.28%
4	SHEL.L	Shell PLC	4.69%
5	SIE.DE	Siemens AG	4.55%
6	ASML.AS	ASML Holding NV	4.54%
7	TTE.PA	TotalEnergies SE	4.36%
8	DTE.DE	Deutsche Telekom AG	4.16%
9	RIO.L	Rio Tinto PLC Ordinary Shares	3.88%
10	ENEL.MI	Enel SpA	3.88%

Analysis

Data-derived

Fund Overview

BMO Europe High Dividend Covered Call ETF (ZWP.TO) is an exchange-traded fund. The fund holds CA$1.09B in total net assets. Annual costs run at an expense ratio of 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 March 1, 2018.

Its biggest positions are HSBC Holdings PLC (HSBA.L), Intesa Sanpaolo (ISP.MI), and Roche Holding AG Ordinary Shares new (ROP.SW). HSBC Holdings PLC alone accounts for 5.95% of the portfolio. The ten largest positions together make up 46.97% of the fund.

Performance Analysis

The most recent close on file for ZWP.TO is CA$20.01, dated October 21, 2026. Over the trailing twelve months the total return is +5.42%. Measured over 5 years, that is +10.65% a year compounded. The trailing distribution yield is 6.33%.

The strongest complete calendar year on file is 2025 at +22.37%; the weakest is 2020 at −3.55%. Of the 7 complete calendar years on file, 5 finished higher. So far in 2026 the total return is +3.57%.

Price & Risk Profile

The 52-week range on file runs from CA$18.97 to CA$21.62. The latest close sits 5.48% above that 52-week low. Annualized volatility over the trailing 8 years is 15.89%. The reported beta is 0.79. 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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