A side-by-side comparison of BMO SIA Focused North American Equity Fund ETF Series (ZFN) and Dynamic Active Enhanced Yield Covered Options ETF (DXQ) 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 | ZFN | DXQ |
|---|---|---|
| YTD Return | -8.79% | +5.09%✓ |
| 1-Day Change | +0.24%✓ | -0.24% |
| 1-Week Change | -0.38% | +1.05%✓ |
| 1-Month Change | -4.77% | +1.76%✓ |
| Current Price | $57.48 | $28.90 |
| AUM | $203M | $892M✓ |
| MER (Expense Ratio) | 0% | — |
| Dividend Yield | 0.51% | 8.09%✓ |
| Distribution Frequency | Annually | Monthly |
| Inception Date | 2018-12-06 | 2022-09-14 |
| Holdings Count | 8 | 10 |
| MorningStar Rating | ★★★ | ★★★ |
| Category | North American Equity | North American Equity |
| Beta | 0.99 | 0.58 |
| 52-Week High | $67.51 | $28.97 |
| 52-Week Low | $56.56 | $24.28 |
| 50-Day MA | $60.36 | $28.43 |
| 200-Day MA | $61.91 | $27.83 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZFN | DXQ |
|---|---|---|
| YTD | -8.79% | +5.09%✓ |
| 1 Year | -6.50% | +12.92%✓ |
| 3 Year | +14.38% | +17.33%✓ |
| 5 Year | +9.34% | — |
| 10 Year | — | — |
| 1Y Volatility | 17.76% | 5.53% |
| Sharpe Ratio (3Y) | 0.76 | 1.71 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | PLTR | Palantir Technologies Inc. | 6.32% |
| 2 | MS | Morgan Stanley | 6.08% |
| 3 | BNY | The Bank of New York Mellon Corporation | 6.07% |
| 4 | CM | Canadian Imperial Bank Of Commerce | 6.03% |
| 5 | RTX | RTX Corporation | 6.02% |
| 6 | GM | General Motors Company | 6.02% |
| 7 | MFC | Manulife Financial Corp | 6.00% |
| 8 | NA | National Bank of Canada | 5.94% |
| 1 | NVDA | NVIDIA Corporation | 4.24% |
| 2 | AMZN | Amazon.com Inc | 4.09% |
| 3 | MSFT | Microsoft Corporation | 1.99% |
| 4 | ETN | Eaton Corporation PLC | 1.98% |
| 5 | TMO | Thermo Fisher Scientific Inc | 1.95% |
| 6 | TSM | Taiwan Semiconductor Manufacturing | 1.68% |
| 7 | GOOGL | Alphabet Inc Class A | 1.48% |
| 8 | ASML | ASML Holding N.V. New York Registry Shares | 1.10% |
| 9 | DHR | Danaher Corporation | 0.92% |
| 10 | RTX | RTX Corporation | 0.89% |
Sector Weights
| Sector | ZFN | DXQ |
|---|---|---|
| Basic Materials | 6.32% | 0.00% |
| Communication Services | 0.00% | 10.48% |
| Consumer Cyclicals | 7.32% | 16.69% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 2.88% |
| Financial Services | 36.67% | 2.97% |
| Healthcare | 6.90% | 12.24% |
| Industrials | 14.32% | 17.51% |
| Real Estate | 7.10% | 0.00% |
| Technology | 21.38% | 37.23% |
| Utilities | 0.00% | 0.00% |
About ZFN
NA
About DXQ
NA
Which ETF is Right for You?
Both ZFN and DXQ 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, DXQ 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 ZFN and DXQ?
ZFN (BMO SIA Focused North American Equity Fund ETF Series) and DXQ (Dynamic Active Enhanced Yield Covered Options ETF) are both Canadian-listed ETFs. Key differences include their AUM ($203M vs $892M), dividend yield (0.51% vs 8.09%), and year-to-date performance (-8.79% vs +5.09%).
Is ZFN better than DXQ?
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 ZFN and DXQ on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZFN and DXQ 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