A side-by-side comparison of BMO Canadian High Dividend Covered Call (ZWC) and First Asset Tech Giants Covered Call Common (TXF) 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 | ZWC | TXF |
|---|---|---|
| YTD Return | +7.70% | +15.27%✓ |
| 1-Day Change | 0.00%✓ | -6.44% |
| 1-Week Change | -0.65%✓ | -1.61% |
| 1-Month Change | -0.31%✓ | -8.95% |
| Current Price | $22.24 | $26.87 |
| AUM | $2.35B✓ | $840M |
| MER (Expense Ratio) | 0.65% | 0%✓ |
| Dividend Yield | 5.66% | 9.30%✓ |
| Distribution Frequency | Monthly | Quarterly |
| Inception Date | 2017-02-03 | 2011-10-24 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★ | — |
| Category | Canadian Dividend and Income Equity | Sector Equity |
| Beta | 0.79 | 1.67 |
| 52-Week High | $22.61 | $29.23 |
| 52-Week Low | $17.44 | $18.35 |
| 50-Day MA | $22.21 | $27.21 |
| 200-Day MA | $21.08 | $24.08 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZWC | TXF |
|---|---|---|
| YTD | +7.70% | +15.27%✓ |
| 1 Year | +29.34% | +53.59%✓ |
| 3 Year | +17.94% | +30.32%✓ |
| 5 Year | +11.38% | +17.12%✓ |
| 10 Year | — | +19.30% |
| 1Y Volatility | 7.76% | 27.18% |
| Sharpe Ratio (3Y) | 1.45 | 1.26 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | RY | Royal Bank of Canada | 7.57% |
| 2 | TD | Toronto Dominion Bank | 6.20% |
| 3 | CM | Canadian Imperial Bank Of Commerce | 5.64% |
| 4 | CNQ | Canadian Natural Resources Ltd | 5.38% |
| 5 | BNS | Bank of Nova Scotia | 5.33% |
| 6 | ENB | Enbridge Inc | 4.97% |
| 7 | SU | Suncor Energy Inc | 4.46% |
| 8 | TRP | TC Energy Corp | 4.07% |
| 9 | BMO | Bank of Montreal | 3.81% |
| 10 | AEM | Agnico Eagle Mines Limited | 3.27% |
| 1 | INTC | Intel Corporation | 7.36% |
| 2 | AMD | Advanced Micro Devices Inc | 7.36% |
| 3 | MU | Micron Technology Inc | 6.60% |
| 4 | QCOM | Qualcomm Incorporated | 5.49% |
| 5 | PANW | Palo Alto Networks Inc | 4.92% |
| 6 | TXN | Texas Instruments Incorporated | 4.45% |
| 7 | CSCO | Cisco Systems Inc | 4.38% |
| 8 | ORCL | Oracle Corporation | 4.27% |
| 9 | AVGO | Broadcom Inc | 4.05% |
| 10 | LRCX | Lam Research Corp | 4.00% |
Sector Weights
| Sector | ZWC | TXF |
|---|---|---|
| Basic Materials | 12.86% | 0.00% |
| Communication Services | 6.37% | 10.31% |
| Consumer Cyclicals | 3.97% | 0.00% |
| Consumer Defensive | 1.42% | 0.00% |
| Energy | 23.10% | 0.00% |
| Financial Services | 38.82% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 4.55% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 89.69% |
| Utilities | 8.89% | 0.00% |
About ZWC
NA
About TXF
First Asset Tech Giants Covered Call Common (TXF.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 ZWC and TXF 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, TXF 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 ZWC and TXF?
ZWC (BMO Canadian High Dividend Covered Call) and TXF (First Asset Tech Giants Covered Call Common) are both Canadian-listed ETFs. Key differences include their AUM ($2.35B vs $840M), dividend yield (5.66% vs 9.30%), and year-to-date performance (+7.70% vs +15.27%).
Is ZWC better than TXF?
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 ZWC and TXF on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZWC and TXF should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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