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 $21.97 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: +3.24%, 1-year: +12.82%, 3-year annualised: +10.45%, 5-year annualised: +9.17%, 10-year annualised: +8.36%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.79, 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 6.70%, 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 (23.8%), Industrials (14.3%), Healthcare (13.3%). 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 $780M 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 8.70% and a beta of 0.65 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.79 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
2026-07-31	$22.00	$22.05	$21.89	$21.97	$21.97	13,900
2026-07-30	$21.72	$21.97	$21.72	$21.97	$21.97	17,151
2026-07-29	$21.83	$21.92	$21.65	$21.65	$21.53	19,000
2026-07-28	$21.88	$21.94	$21.85	$21.88	$21.88	26,600
2026-07-27	$21.92	$21.94	$21.81	$21.90	$21.90	8,686
2026-07-24	$21.72	$21.86	$21.72	$21.75	$21.75	18,028
2026-07-23	$21.63	$21.74	$21.57	$21.74	$21.74	26,773
2026-07-22	$21.80	$21.86	$21.70	$21.70	$21.70	30,729
2026-07-21	$21.37	$21.75	$21.37	$21.75	$21.75	15,519
2026-07-20	$21.69	$21.69	$21.39	$21.50	$21.50	30,427

Sector	Weight
Financial Services	23.79%
Industrials	14.28%
Healthcare	13.29%
Energy	9.40%
Utilities	9.27%
Consumer Defensive	7.92%
Communication Services	6.63%
Technology	5.89%
Basic Materials	5.86%
Consumer Cyclicals	3.67%
Real Estate	0.00%

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

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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