2 Best Dow Jones ETFs in Canada (June 2026)
The best Dow Jones ETFs in Canada include ZDJ.TO (~0.33% MER) and ZWA.TO (~0.70%). These ETFs provide exposure to U.S. blue-chip companies, offering stability and income potential, but with less diversification and lower growth compared to broader market ETFs like the S&P 500.
Dow Jones ETFs are designed for Canadian investors seeking exposure to large, established U.S. blue-chip companies. ETFs like ZDJ.TO and ZWA.TO track or build upon the Dow Jones Industrial Average, which includes 30 major U.S. corporations across sectors like industrials, healthcare, and consumer goods.
The key advantage of Dow Jones ETFs is stability and dividend income from mature companies. However, these ETFs are less diversified than broader indices like the S&P 500 and can be more concentrated.
In this guide, we break down the best Dow Jones ETFs in Canada, comparing income potential, fees, and risk so you can decide how they fit into your TFSA, RRSP, or diversified portfolio.
At a Glance: Quick Comparison
Side-by-side snapshot of fees, yield, and returns. Data updates daily.
| ETF | MER | AUM | Yield | YTD | 1Y |
|---|---|---|---|---|---|
Top ZDJ.TO BMO Dow Jones Industrial Average Hedged to CAD Index ETF | — | $422M | 1.01% | +5.96% | +18.16% |
ZWA.TO BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF | 0.65% | $213M | 5.65% | +2.16% | +16.12% |
What Is an ETF?
A Dow Jones ETF in Canada is an exchange-traded fund that tracks or is based on the Dow Jones Industrial Average (DJIA), which includes 30 large U.S. blue-chip companies. These ETFs provide exposure to well-established firms known for stability and consistent dividend payments.
For example, ZDJ.TO (~0.33% MER) focuses on high-quality U.S. dividend-paying companies with a Dow-style approach, while ZWA.TO (~0.70% MER) enhances income by applying a covered call strategy to U.S. equities. U.S.-listed ETFs like DIA and DJD directly track Dow Jones indices.
Dow Jones ETFs are commonly used in TFSAs and RRSPs for income and stability. Investors should consider concentration risk and sector exposure when investing in these funds.
The 2 Best ETFs: Ranked & Reviewed
Detailed breakdown of each pick with live data.
BMO Dow Jones Industrial Average Hedged to CAD Index ETF
$77.64
+5.96% YTD
Returns
YTD
+5.96%
1Y
+18.16%
3Y
+14.31%
5Y
+8.33%
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF
$28.36
+2.16% YTD
Returns
YTD
+2.16%
1Y
+16.12%
3Y
+11.95%
5Y
+7.22%
Pros & Cons
Pros
- Exposure to established U.S. blue-chip companies
- More stable and dividend-focused compared to growth-heavy indices
- Potential for consistent income from mature businesses
- Suitable for income and defensive portfolio allocations
Cons
- Limited diversification with only ~30 companies in the index
- Less growth potential compared to S&P 500 or Nasdaq ETFs
- Sector concentration can impact performance
- Covered call ETFs like ZWA.TO may limit upside potential
Compare These ETFs Head-to-Head
Drill into a side-by-side breakdown of performance, AUM, and yield.
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Frequently Asked Questions
What is the best Dow Jones ETF in Canada?
ZDJ.TO is one of the most popular Dow-style ETFs in Canada due to its focus on high-quality U.S. dividend-paying companies. Investors seeking higher income may consider ZWA.TO, which uses a covered call strategy to boost yield.
How is the Dow Jones different from the S&P 500?
The Dow Jones Industrial Average includes only 30 large U.S. companies, while the S&P 500 includes 500 companies across multiple sectors. The S&P 500 is more diversified, while the Dow focuses on established blue-chip firms.
Are Dow Jones ETFs good for long-term investing?
Dow Jones ETFs can be suitable for long-term investing, especially for income and stability. However, they are often used alongside broader ETFs like the S&P 500 to improve diversification and growth potential.