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.
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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 | ZFN | DXQ |
|---|---|---|
| YTD Return | +0.05% | +2.42%✓ |
| 1-Day Change | +0.61% | +0.88%✓ |
| 1-Week Change | -1.62% | +0.27%✓ |
| 1-Month Change | -2.46% | -0.97%✓ |
| Current Price | $63.05 | $28.16 |
| AUM | $243M | $758M✓ |
| MER (Expense Ratio) | 0% | — |
| Dividend Yield | 0.46% | 7.83%✓ |
| Distribution Frequency | Annually | Monthly |
| Inception Date | 2018-12-06 | 2022-09-14 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★★ | ★★★★ |
| Category | North American Equity | North American Equity |
| Beta | 0.95 | 0.59 |
| 52-Week High | $67.51 | $28.64 |
| 52-Week Low | $56.31 | $24.47 |
| 50-Day MA | $63.98 | $28.27 |
| 200-Day MA | $63.79 | $27.67 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZFN | DXQ |
|---|---|---|
| YTD | +0.05% | +2.42%✓ |
| 1 Year | +9.22% | +13.51%✓ |
| 3 Year | +15.74% | +16.30%✓ |
| 5 Year | +11.85% | — |
| 10 Year | — | — |
| 1Y Volatility | 14.89% | 6.05% |
| Sharpe Ratio (3Y) | 1.08 | 1.56 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | AMAT | Applied Materials Inc | 6.70% |
| 2 | LRCX | Lam Research Corp | 6.65% |
| 3 | GEV | GE Vernova LLC | 6.25% |
| 4 | LLY | Eli Lilly and Company | 6.22% |
| 5 | BNY | The Bank of New York Mellon Corporation | 5.95% |
| 6 | CM | Canadian Imperial Bank Of Commerce | 5.89% |
| 7 | CVS | CVS Health Corp | 5.89% |
| 8 | GE | GE Aerospace | 5.86% |
| 9 | MS | Morgan Stanley | 5.78% |
| 10 | CSCO | Cisco Systems Inc | 5.73% |
| 1 | AMZN | Amazon.com Inc | 4.86% |
| 2 | NVDA | NVIDIA Corporation | 4.52% |
| 3 | TSM | Taiwan Semiconductor Manufacturing | 2.44% |
| 4 | TMO | Thermo Fisher Scientific Inc | 2.41% |
| 5 | MSFT | Microsoft Corporation | 2.33% |
| 6 | ETN | Eaton Corporation PLC | 2.15% |
| 7 | TTWO | Take-Two Interactive Software Inc | 1.70% |
| 8 | MU | Micron Technology Inc | 1.15% |
| 9 | DHR | Danaher Corporation | 1.03% |
| 10 | BSX | Boston Scientific Corp | 0.90% |
Sector Weights
| Sector | ZFN | DXQ |
|---|---|---|
| Basic Materials | 0.00% | 2.76% |
| Communication Services | 6.26% | 7.74% |
| Consumer Cyclicals | 0.00% | 21.35% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 32.53% | 3.96% |
| Healthcare | 13.78% | 13.72% |
| Industrials | 19.45% | 12.96% |
| Real Estate | 0.00% | 0.00% |
| Technology | 21.69% | 37.52% |
| Utilities | 6.28% | 0.00% |
About ZFN
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About DXQ
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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 ($243M vs $758M), dividend yield (0.46% vs 7.83%), and year-to-date performance (+0.05% vs +2.42%).
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.
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