BMO Covered Call Utilities ETF (ZWU.TO) ETF Analysis

Fund Overview

BMO Covered Call Utilities ETF (ZWU.TO) is an exchange-traded fund. The fund holds CA$2.20B 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. BMO Asset Management Inc is the fund family on file. It has been trading since February 12, 2026.

The largest positions on file are BMO Equal Weight Utilities ETF (ZUT.TO), TC Energy Corp (TRP.TO), and Hydro One Ltd (H.TO). BMO Equal Weight Utilities ETF alone accounts for 5.26% of the portfolio. The ten largest positions together make up 48.61% of the fund.

Performance Analysis

ZWU.TO last closed at CA$11.34 on September 4, 2026. The trailing one-year price return is +8.23%. Measured over 5 years, that is +5.03% a year compounded. The fund distributes at a trailing yield of 7.17%.

So far in 2026 the price is +7.39%. Across the complete calendar years on file, 2019 returned +23.47% and 2020 returned −7.09%. Of the 7 complete calendar years on file, 4 finished higher.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$10.88 to CA$12.32. The latest close sits 4.23% above that 52-week low. Annualized volatility over the trailing 8 years is 15.5%. The reported beta is 0.25. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.