Question 1

What is ZWE?

Accepted Answer

ZWE — BMO Europe High Dividend Covered Call Hedged to CAD ETF — is a Canadian-listed ETF trading on the TSX. The BMO Europe High Dividend Covered Call Hedged to CAD 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 …

Question 2

What is the ZWE ETF price today?

Accepted Answer

ZWE last traded at $21.13 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZWE MER (management expense ratio)?

Accepted Answer

ZWE has a management expense ratio (MER) of 0.65% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time.

Question 4

What are ZWE annualised returns?

Accepted Answer

ZWE historical returns: YTD: -0.70%, 1-year: +14.37%, 3-year annualised: +11.33%, 5-year annualised: +9.85%, 10-year annualised: +8.15%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.93, which measures risk-adjusted return.

Question 5

Does ZWE pay dividends or distributions?

Accepted Answer

Yes, ZWE distributes income to unitholders. The current distribution yield is approximately 6.59%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ZWE invest in?

Accepted Answer

ZWE's top holdings include BMO Europe High Dividend Covered Call ETF (ZWP, 100.0%). See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Eur GR CAD.

Question 7

What sectors does ZWE invest in?

Accepted Answer

ZWE's largest sector exposures are Financial Services (27.2%), Industrials (14.1%), Healthcare (12.6%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZWE? (Assets under management)

Accepted Answer

ZWE has approximately $771M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ZWE launched?

Accepted Answer

ZWE was launched on September 2, 2015, giving it a 11-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ZWE in Canada?

Accepted Answer

ZWE trades on the TSX under the ticker ZWE. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ZWE?

Accepted Answer

ZWE has a 1-year volatility of 8.60% and a beta of 0.66 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.93 indicates moderate risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-01	$21.30	$21.30	$21.07	$21.13	$21.13	26,194
2026-09-30	$21.50	$21.50	$21.27	$21.35	$21.35	15,916
2026-09-29	$21.78	$21.78	$21.50	$21.60	$21.60	14,500
2026-09-28	$21.76	$21.82	$21.63	$21.77	$21.77	19,749
2026-09-25	$21.60	$21.84	$21.60	$21.84	$21.84	15,254
2026-09-24	$21.63	$21.63	$21.49	$21.62	$21.62	15,064
2026-09-23	$21.91	$21.91	$21.60	$21.64	$21.64	21,025
2026-09-22	$21.80	$21.94	$21.76	$21.94	$21.94	8,576
2026-09-21	$21.75	$21.88	$21.40	$21.88	$21.88	23,825
2026-09-18	$21.76	$21.76	$21.57	$21.76	$21.76	8,672

Sector	Weight
Financial Services	27.18%
Industrials	14.14%
Healthcare	12.62%
Utilities	8.54%
Energy	8.32%
Consumer Defensive	7.79%
Communication Services	6.38%
Technology	6.19%
Basic Materials	5.44%
Consumer Cyclicals	3.38%
Real Estate	0.00%

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CIBC Investor's Edge

BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Europe High Dividend Covered Call Hedged to CAD ETF

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Frequently Asked Questions — ZWE