A side-by-side comparison of Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX) and BMO S&P/TSX Capped Composite (ZCN) 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 | ETSX | ZCN |
|---|---|---|
| YTD Return | +3.36% | +9.71%✓ |
| 1-Day Change | -0.04% | +0.36%✓ |
| 1-Week Change | -0.08% | +0.34%✓ |
| 1-Month Change | -0.16% | -0.95%✓ |
| Current Price | $24.59 | $46.78 |
| AUM | $123M | $16.94B✓ |
| MER (Expense Ratio) | — | 0% |
| Dividend Yield | 9.23%✓ | 2.03% |
| Distribution Frequency | Monthly | Quarterly |
| Inception Date | 2023-01-09 | 2009-05-29 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★ | ★★★★ |
| Category | Canadian Equity | Canadian Equity |
| Beta | 0.90 | 1.00 |
| 52-Week High | $24.85 | $47.59 |
| 52-Week Low | $19.53 | $35.15 |
| 50-Day MA | $24.43 | $46.16 |
| 200-Day MA | $23.84 | $43.54 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ETSX | ZCN |
|---|---|---|
| YTD | +3.36% | +9.71%✓ |
| 1 Year | +27.28% | +34.39%✓ |
| 3 Year | +19.49% | +24.02%✓ |
| 5 Year | — | +14.88% |
| 10 Year | — | +12.83% |
| 1Y Volatility | 8.22% | 10.36% |
| Sharpe Ratio (3Y) | 1.51 | 1.75 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | RY | Royal Bank of Canada | 9.10% |
| 2 | TD | Toronto Dominion Bank | 6.52% |
| 3 | SHOP | Shopify Inc | 4.96% |
| 4 | ENB | Enbridge Inc | 4.11% |
| 5 | BMO | Bank of Montreal | 3.89% |
| 6 | CM | Canadian Imperial Bank Of Commerce | 3.44% |
| 7 | BN | Brookfield Corporation | 3.40% |
| 8 | BNS | Bank of Nova Scotia | 3.36% |
| 9 | CNQ | Canadian Natural Resources Ltd | 3.21% |
| 10 | AEM | Agnico Eagle Mines Limited | 3.13% |
| 1 | RY | Royal Bank of Canada | 7.44% |
| 2 | TD | Toronto Dominion Bank | 5.33% |
| 3 | SHOP | Shopify Inc | 4.06% |
| 4 | ENB | Enbridge Inc | 3.32% |
| 5 | BMO | Bank of Montreal | 3.19% |
| 6 | CM | Canadian Imperial Bank Of Commerce | 2.81% |
| 7 | BN | Brookfield Corporation | 2.79% |
| 8 | BNS | Bank of Nova Scotia | 2.75% |
| 9 | CNQ | Canadian Natural Resources Ltd | 2.63% |
| 10 | AEM | Agnico Eagle Mines Limited | 2.56% |
Sector Weights
| Sector | ETSX | ZCN |
|---|---|---|
| Basic Materials | 13.59% | 17.83% |
| Communication Services | 2.02% | 1.80% |
| Consumer Cyclicals | 3.91% | 3.73% |
| Consumer Defensive | 3.17% | 2.86% |
| Energy | 17.73% | 18.59% |
| Financial Services | 40.27% | 33.57% |
| Healthcare | 0.00% | 0.13% |
| Industrials | 7.74% | 10.13% |
| Real Estate | 0.19% | 1.49% |
| Technology | 8.75% | 6.63% |
| Utilities | 2.63% | 3.21% |
About ETSX
NA
About ZCN
BMO S&P/TSX Capped Composite (ZCN.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both ETSX and ZCN 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, ZCN 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 ETSX and ZCN?
ETSX (Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged) and ZCN (BMO S&P/TSX Capped Composite) are both Canadian-listed ETFs. Key differences include their AUM ($123M vs $16.94B), dividend yield (9.23% vs 2.03%), and year-to-date performance (+3.36% vs +9.71%).
Is ETSX better than ZCN?
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 ETSX and ZCN on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ETSX and ZCN should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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