A side-by-side comparison of BMO US High Dividend Covered Call (ZWH) and BMO US Dividend ETF (CAD) (ZDY) 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 | ZWH | ZDY |
|---|---|---|
| YTD Return | +8.79% | +16.49%✓ |
| 1-Day Change | +0.11%✓ | -0.61% |
| 1-Week Change | -0.89% | -0.48%✓ |
| 1-Month Change | -0.85% | -0.27%✓ |
| Current Price | $26.87 | $58.62 |
| AUM | $1.14B✓ | $902M |
| MER (Expense Ratio) | 0.65% | 0.3%✓ |
| Dividend Yield | 5.86%✓ | 1.48% |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2014-02-10 | 2013-03-19 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★ | ★★★★ |
| Category | U.S. Dividend & Income Equity | U.S. Dividend & Income Equity |
| Beta | 0.61 | 0.70 |
| 52-Week High | $27.15 | $59.29 |
| 52-Week Low | $21.93 | $47.84 |
| 50-Day MA | $26.41 | $56.77 |
| 200-Day MA | $25.38 | $53.55 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZWH | ZDY |
|---|---|---|
| YTD | +8.79% | +16.49%✓ |
| 1 Year | +23.94% | +31.57%✓ |
| 3 Year | +14.18% | +20.23%✓ |
| 5 Year | +11.01% | +14.72%✓ |
| 10 Year | +9.85% | +11.92%✓ |
| 1Y Volatility | 6.95% | 8.48% |
| Sharpe Ratio (3Y) | 1.13 | 1.51 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | AVGO | Broadcom Inc | 4.76% |
| 2 | QCOM | Qualcomm Incorporated | 4.48% |
| 3 | CSCO | Cisco Systems Inc | 4.44% |
| 4 | ABBV | AbbVie Inc | 4.43% |
| 5 | IBM | International Business Machines | 4.16% |
| 6 | MRK | Merck & Company Inc | 3.89% |
| 7 | JPM | JPMorgan Chase & Co | 3.57% |
| 8 | AAPL | Apple Inc. | 3.56% |
| 9 | ORCL | Oracle Corporation | 3.50% |
| 10 | XOM | Exxon Mobil Corp | 3.46% |
| 1 | CSCO | Cisco Systems Inc | 3.91% |
| 2 | DELL | Dell Technologies Inc | 3.75% |
| 3 | QCOM | Qualcomm Incorporated | 3.71% |
| 4 | AVGO | Broadcom Inc | 3.43% |
| 5 | AAPL | Apple Inc. | 3.26% |
| 6 | ABBV | AbbVie Inc | 3.01% |
| 7 | PM | Philip Morris International Inc | 2.90% |
| 8 | NVDA | NVIDIA Corporation | 2.82% |
| 9 | IBM | International Business Machines | 2.64% |
| 10 | MCHP | Microchip Technology Inc | 2.46% |
Sector Weights
| Sector | ZWH | ZDY |
|---|---|---|
| Basic Materials | 1.68% | 1.63% |
| Communication Services | 5.78% | 6.83% |
| Consumer Cyclicals | 4.73% | 4.98% |
| Consumer Defensive | 9.51% | 8.16% |
| Energy | 9.19% | 8.72% |
| Financial Services | 11.37% | 8.84% |
| Healthcare | 12.93% | 11.57% |
| Industrials | 4.54% | 4.22% |
| Real Estate | 3.98% | 5.35% |
| Technology | 30.15% | 33.59% |
| Utilities | 6.14% | 6.10% |
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 …
About ZDY
BMO US Dividend ETF (CAD) (ZDY.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 ZWH and ZDY 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 ZWH and ZDY?
ZWH (BMO US High Dividend Covered Call) and ZDY (BMO US Dividend ETF (CAD)) are both Canadian-listed ETFs. Key differences include their AUM ($1.14B vs $902M), dividend yield (5.86% vs 1.48%), and year-to-date performance (+8.79% vs +16.49%).
Is ZWH better than ZDY?
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 ZWH and ZDY on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZWH and ZDY should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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