A side-by-side comparison of CIBC U.S. High Dividend Covered Call ETF (CUDC) and BMO US High Dividend Covered Call ETF (ZWH) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | CUDC | ZWH |
|---|---|---|
| YTD Return | -7.33% | +8.30%✓ |
| 1-Day Change | -1.30% | +1.40%✓ |
| 1-Week Change | -4.77% | +0.56%✓ |
| 1-Month Change | -3.02% | -1.04%✓ |
| Current Price | $18.97 | $26.75 |
| AUM | $7M | $1.16B✓ |
| MER (Expense Ratio) | — | 0.65% |
| Dividend Yield | 7.65%✓ | 6.06% |
| Distribution Frequency | — | Monthly |
| Inception Date | 2025-08-25 | 2014-02-10 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | — | ★★ |
| Category | U.S. Dividend & Income Equity | U.S. Dividend & Income Equity |
| Beta | 0.00 | 0.61 |
| 52-Week High | $20.12 | $27.04 |
| 52-Week Low | $17.93 | $22.66 |
| 50-Day MA | $19.73 | $26.78 |
| 200-Day MA | $19.69 | $25.87 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | CUDC | ZWH |
|---|---|---|
| YTD | -7.33% | +8.30%✓ |
| 1 Year | +1.82% | +16.28%✓ |
| 3 Year | — | +13.04% |
| 5 Year | — | +10.02% |
| 10 Year | — | +9.60% |
| 1Y Volatility | 6.96% | 7.16% |
| Sharpe Ratio (3Y) | — | 0.96 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | MSFT | Microsoft Corporation | 6.52% |
| 2 | LLY | Eli Lilly and Company | 5.57% |
| 3 | JPM | JPMorgan Chase & Co | 4.63% |
| 4 | AAPL | Apple Inc. | 4.43% |
| 5 | LHX | L3Harris Technologies Inc | 4.40% |
| 6 | ABBV | AbbVie Inc | 4.39% |
| 7 | ABT | Abbott Laboratories | 4.38% |
| 8 | CME | CME Group Inc | 4.35% |
| 9 | NEE | Nextera Energy Inc | 3.95% |
| 10 | PH | Parker-Hannifin Corporation | 3.86% |
| 1 | AAPL | Apple Inc. | 5.77% |
| 2 | ABBV | AbbVie Inc | 5.03% |
| 3 | CSCO | Cisco Systems Inc | 4.41% |
| 4 | JPM | JPMorgan Chase & Co | 4.39% |
| 5 | AVGO | Broadcom Inc | 4.35% |
| 6 | BAC | Bank of America Corp | 4.26% |
| 7 | CVX | Chevron Corp | 3.74% |
| 8 | MRK | Merck & Company Inc | 3.32% |
| 9 | MSFT | Microsoft Corporation | 3.12% |
| 10 | MS | Morgan Stanley | 2.96% |
Sector Weights
| Sector | CUDC | ZWH |
|---|---|---|
| Basic Materials | 0.00% | 1.31% |
| Communication Services | 0.00% | 5.79% |
| Consumer Cyclicals | 3.10% | 4.75% |
| Consumer Defensive | 0.00% | 7.58% |
| Energy | 6.22% | 8.02% |
| Financial Services | 18.46% | 13.49% |
| Healthcare | 21.27% | 12.12% |
| Industrials | 12.89% | 4.75% |
| Real Estate | 10.25% | 3.95% |
| Technology | 17.97% | 32.33% |
| Utilities | 9.84% | 5.91% |
About CUDC
CIBC U.S. High Dividend Covered Call ETF (CUDC.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About ZWH
The BMO US High Dividend Covered Call ETF has been designed to provide exposure to a dividend focused portfolio, while earning call option premiums. The underlying portfolio is yield-weighted and broadly diversified across sectors. The Fund screens for securities for dividend growth, sustainability, and option liquidity. The Fund also dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option …
Which ETF is Right for You?
Both CUDC and ZWH are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, ZWH scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between CUDC and ZWH?
CUDC (CIBC U.S. High Dividend Covered Call ETF) and ZWH (BMO US High Dividend Covered Call ETF) are both Canadian-listed ETFs. Key differences include their AUM ($7M vs $1.16B), dividend yield (7.65% vs 6.06%), and year-to-date performance (-7.33% vs +8.30%).
Is CUDC better than ZWH?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy CUDC and ZWH on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both CUDC and ZWH should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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