A side-by-side comparison of Brompton European Dividend Growth ETF (EDGF) and BMO Europe High Dividend Covered Call CAD Hedged (ZWE) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | EDGF | ZWE |
|---|---|---|
| YTD Return | +0.93% | +2.40%✓ |
| 1-Day Change | +0.51% | +0.51%✓ |
| 1-Week Change | +0.34% | +0.41%✓ |
| 1-Month Change | +5.20%✓ | +1.73% |
| Current Price | $11.94 | $21.79 |
| AUM | $43M | $765M✓ |
| MER (Expense Ratio) | 0%✓ | 0.65% |
| Dividend Yield | 6.20% | 6.77%✓ |
| Distribution Frequency | — | Monthly |
| Inception Date | 2017-07-21 | 2015-09-02 |
| Holdings Count | 10 | 1 |
| MorningStar Rating | ★★ | ★★★ |
| Category | European Equity | European Equity |
| Beta | 0.92 | 0.66 |
| 52-Week High | $12.15 | $21.96 |
| 52-Week Low | $10.53 | $18.36 |
| 50-Day MA | $11.65 | $21.42 |
| 200-Day MA | $11.68 | $21.16 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | EDGF | ZWE |
|---|---|---|
| YTD | +0.93% | +2.40%✓ |
| 1 Year | +11.60% | +13.53%✓ |
| 3 Year | +13.79%✓ | +10.59% |
| 5 Year | +7.12% | +9.22%✓ |
| 10 Year | — | +8.89% |
| 1Y Volatility | 11.85% | 9.07% |
| Sharpe Ratio (3Y) | 0.91 | 0.81 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | ASML | ASML Holding NV ADR | 5.59% |
| 2 | NVT | nVent Electric PLC | 4.65% |
| 3 | PRY | Prysmian SpA | 4.53% |
| 4 | UCG | UniCredit S.p.A. | 4.27% |
| 5 | RR | Rolls-Royce Holdings PLC | 4.04% |
| 6 | IHG | InterContinental Hotels Group PLC ADR | 3.95% |
| 7 | BA | BAE Systems plc | 3.92% |
| 8 | HOLN | Holcim AG | 3.78% |
| 9 | IBE | Iberdrola S.A. | 3.75% |
| 10 | LIN | Linde plc Ordinary Shares | 3.57% |
| 1 | ZWP | BMO Europe High Dividend Covered Call ETF | 99.92% |
Sector Weights
| Sector | EDGF | ZWE |
|---|---|---|
| Basic Materials | 7.63% | 6.87% |
| Communication Services | 6.68% | 6.53% |
| Consumer Cyclicals | 4.10% | 3.46% |
| Consumer Defensive | 3.45% | 8.31% |
| Energy | 6.29% | 9.72% |
| Financial Services | 21.06% | 24.27% |
| Healthcare | 9.78% | 12.58% |
| Industrials | 27.72% | 13.21% |
| Real Estate | 0.00% | 0.00% |
| Technology | 5.81% | 5.26% |
| Utilities | 7.48% | 9.78% |
About EDGF
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About ZWE
The BMO Europe High Dividend Covered Call Hedged to CAD 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 available pre…
Which ETF is Right for You?
Both EDGF and ZWE 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, ZWE 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 EDGF and ZWE?
EDGF (Brompton European Dividend Growth ETF) and ZWE (BMO Europe High Dividend Covered Call CAD Hedged) are both Canadian-listed ETFs. Key differences include their AUM ($43M vs $765M), dividend yield (6.20% vs 6.77%), and year-to-date performance (+0.93% vs +2.40%).
Is EDGF better than ZWE?
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 EDGF and ZWE on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both EDGF and ZWE should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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