A side-by-side comparison of HAMILTON CHAMPIONS U.S. Dividend Index CDN$ Hedged Units (SMVP) and BMO US High Dividend Covered Call ETF (ZWH) to help Canadian investors make an informed decision.
CIBC Investor's Edge
Get 200 free trades when you open an eligible CIBC Investor's Edge account with promo code EDGE2026.
- ✓200 free stock & ETF trades
- ✓Unlimited commission-free trades on 180+ select ETFs
- ✓Offer ends September 30, 2026
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | SMVP | ZWH |
|---|---|---|
| YTD Return | +9.78%✓ | +7.29% |
| 1-Day Change | -0.17% | -0.08%✓ |
| 1-Week Change | +0.62%✓ | -2.14% |
| 1-Month Change | +1.83%✓ | -1.38% |
| Current Price | $17.84 | $26.50 |
| AUM | $22M | $1.13B✓ |
| MER (Expense Ratio) | — | 0.65% |
| Dividend Yield | 2.19% | 5.89%✓ |
| Distribution Frequency | Annually | Monthly |
| Inception Date | 2025-01-24 | 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 | $18.14 | $27.08 |
| 52-Week Low | $15.51 | $22.01 |
| 50-Day MA | $17.44 | $26.90 |
| 200-Day MA | $16.97 | $25.63 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | SMVP | ZWH |
|---|---|---|
| YTD | +9.78%✓ | +7.29% |
| 1 Year | +14.18% | +18.53%✓ |
| 3 Year | — | +12.80% |
| 5 Year | — | +10.11% |
| 10 Year | — | +9.21% |
| 1Y Volatility | 10.96% | 6.82% |
| Sharpe Ratio (3Y) | — | 1.08 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | CAT | Caterpillar Inc | 3.85% |
| 2 | LLY | Eli Lilly and Company | 3.40% |
| 3 | WAT | Waters Corporation | 3.15% |
| 4 | IBM | International Business Machines | 3.12% |
| 5 | CAH | Cardinal Health Inc | 3.08% |
| 6 | KMB | Kimberly-Clark Corporation | 3.02% |
| 7 | TGT | Target Corporation | 2.98% |
| 8 | ADP | Automatic Data Processing Inc | 2.96% |
| 9 | GWW | WW Grainger Inc | 2.96% |
| 10 | CL | Colgate-Palmolive Company | 2.92% |
| 1 | ABBV | AbbVie Inc | 5.27% |
| 2 | AAPL | Apple Inc. | 4.59% |
| 3 | MRK | Merck & Company Inc | 4.33% |
| 4 | CSCO | Cisco Systems Inc | 4.27% |
| 5 | AVGO | Broadcom Inc | 4.03% |
| 6 | JPM | JPMorgan Chase & Co | 4.02% |
| 7 | BAC | Bank of America Corp | 3.83% |
| 8 | CVX | Chevron Corp | 3.22% |
| 9 | QCOM | Qualcomm Incorporated | 3.21% |
| 10 | IBM | International Business Machines | 3.08% |
Sector Weights
| Sector | SMVP | ZWH |
|---|---|---|
| Basic Materials | 11.22% | 1.71% |
| Communication Services | 0.00% | 5.49% |
| Consumer Cyclicals | 4.81% | 4.94% |
| Consumer Defensive | 19.20% | 9.05% |
| Energy | 4.85% | 8.35% |
| Financial Services | 8.14% | 12.62% |
| Healthcare | 17.37% | 13.37% |
| Industrials | 17.83% | 4.80% |
| Real Estate | 2.75% | 3.95% |
| Technology | 8.62% | 29.63% |
| Utilities | 5.22% | 6.08% |
About SMVP
HAMILTON CHAMPIONS U.S. Dividend Index CDN$ Hedged Units (SMVP.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 SMVP 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 SMVP and ZWH?
SMVP (HAMILTON CHAMPIONS U.S. Dividend Index CDN$ Hedged Units) and ZWH (BMO US High Dividend Covered Call ETF) are both Canadian-listed ETFs. Key differences include their AUM ($22M vs $1.13B), dividend yield (2.19% vs 5.89%), and year-to-date performance (+9.78% vs +7.29%).
Is SMVP better than ZWH?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, SMVP has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy SMVP and ZWH on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both SMVP and ZWH should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
7 stocks to buy and hold forever
Complement your ETF portfolio with these proven long-term individual stocks.
Get the FREE Report