A side-by-side comparison of Vanguard FTSE Developed Europe All Cap Index ETF (VE) and BMO Europe High Dividend Covered Call ETF (ZWP) 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 | VE | ZWP |
|---|---|---|
| YTD Return | +4.61%✓ | -0.98% |
| 1-Day Change | -1.34% | -0.88%✓ |
| 1-Week Change | -2.26%✓ | -2.51% |
| 1-Month Change | -3.46% | -4.13%✓ |
| Current Price | $47.17 | $20.17 |
| AUM | $679M | $1.11B✓ |
| MER (Expense Ratio) | 0%✓ | 0.65% |
| Dividend Yield | 2.61% | 6.11%✓ |
| Distribution Frequency | Quarterly | Monthly |
| Inception Date | 2014-06-30 | 2018-03-01 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★★★ | ★★★★ |
| Category | European Equity | European Equity |
| Beta | 1.01 | 0.78 |
| 52-Week High | $50.11 | $21.40 |
| 52-Week Low | $41.24 | $18.28 |
| 50-Day MA | $49.01 | $21.03 |
| 200-Day MA | $47.14 | $20.62 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | VE | ZWP |
|---|---|---|
| YTD | +4.61%✓ | -0.98% |
| 1 Year | +16.88%✓ | +14.12% |
| 3 Year | +20.94%✓ | +15.59% |
| 5 Year | +11.63%✓ | +11.26% |
| 10 Year | +10.03% | — |
| 1Y Volatility | 11.50% | 9.64% |
| Sharpe Ratio (3Y) | 1.39 | 1.18 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | ASML | ASML Holding N.V. | 3.99% |
| 2 | HSBA | HSBC Holdings PLC | 2.18% |
| 3 | ROP | Roche Holding AG | 1.88% |
| 4 | NOVN | Novartis AG | 1.74% |
| 5 | SHEL | Shell plc | 1.56% |
| 6 | NESN | Nestle S.A. | 1.54% |
| 7 | SIE | Siemens Aktiengesellschaft | 1.49% |
| 8 | AZN | AstraZeneca PLC | 1.49% |
| 9 | SAP | SAP SE | 1.40% |
| 10 | SAN | Banco Santander S.A. | 1.33% |
| 1 | HSBA | HSBC Holdings PLC | 5.88% |
| 2 | ISP | Intesa Sanpaolo SpA | 5.60% |
| 3 | ROP | Roche Holding AG | 5.06% |
| 4 | SIE | Siemens Aktiengesellschaft | 4.87% |
| 5 | ASML | ASML Holding N.V. | 4.64% |
| 6 | SHEL | Shell plc | 4.31% |
| 7 | TTE | TotalEnergies SE | 4.05% |
| 8 | ENEL | Enel SpA | 4.01% |
| 9 | RIO | Rio Tinto PLC | 4.00% |
| 10 | DTE | Deutsche Telekom AG | 3.99% |
Sector Weights
| Sector | VE | ZWP |
|---|---|---|
| Basic Materials | 5.57% | 5.44% |
| Communication Services | 2.91% | 6.38% |
| Consumer Cyclicals | 6.90% | 3.38% |
| Consumer Defensive | 7.88% | 7.79% |
| Energy | 5.04% | 8.32% |
| Financial Services | 25.20% | 27.18% |
| Healthcare | 12.06% | 12.62% |
| Industrials | 19.69% | 14.14% |
| Real Estate | 1.51% | 0.00% |
| Technology | 8.87% | 6.19% |
| Utilities | 4.37% | 8.54% |
About VE
Vanguard FTSE Developed Europe All Cap Index ETF seeks to track, to the extent reasonably possible and before fees and expenses, the performance of a broad European equity index that focuses on developed European markets. Currently, this Vanguard ETF seeks to track the FTSE Developed Europe All Cap Index (or any successor thereto). It invests directly or indirectly primarily in large-, mid-, and small-capitalization stocks of companies located in developed European markets.
About ZWP
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Which ETF is Right for You?
Both VE and ZWP 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, ZWP 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 VE and ZWP?
VE (Vanguard FTSE Developed Europe All Cap Index ETF) and ZWP (BMO Europe High Dividend Covered Call ETF) are both Canadian-listed ETFs. Key differences include their AUM ($679M vs $1.11B), dividend yield (2.61% vs 6.11%), and year-to-date performance (+4.61% vs -0.98%).
Is VE better than ZWP?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, VE has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy VE and ZWP on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both VE and ZWP should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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