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

Fund Overview

BMO Europe High Dividend Covered Call ETF (ZWP.TO) is an exchange-traded fund. The fund holds CA$1.11B 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 Siemens AG (SIE.DE). HSBC Holdings PLC alone accounts for 6.1% of the portfolio. The ten largest positions together make up 48.28% of the fund.

Performance Analysis

The most recent close on file for ZWP.TO is CA$21.11, dated September 4, 2026. Over the trailing twelve months the price has returned +14.91%. Measured over 5 years, that is +10.80% a year compounded. The trailing distribution yield is 6.03%.

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 price is +8.69%.

Price & Risk Profile

The 52-week range on file runs from CA$18.97 to CA$21.62. The latest close sits 11.28% above that 52-week low. Annualized volatility over the trailing 8 years is 15.89%. The reported beta is 0.77. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.