A side-by-side comparison of Dynamic Active Enhanced Yield Covered Options ETF (DXQ) and BMO SIA Focused North American Equity Fund ETF Series (ZFN) 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 | DXQ | ZFN |
|---|---|---|
| YTD Return | +3.27%✓ | -0.14% |
| 1-Day Change | +0.42% | +2.49%✓ |
| 1-Week Change | +1.18%✓ | -0.13% |
| 1-Month Change | +2.82%✓ | +4.05% |
| Current Price | $28.40 | $62.93 |
| AUM | $687M✓ | $241M |
| MER (Expense Ratio) | — | 0% |
| Dividend Yield | 7.84%✓ | 0.51% |
| Distribution Frequency | Monthly | Annually |
| Inception Date | 2022-09-14 | 2018-12-06 |
| Holdings Count | 10 | 9 |
| MorningStar Rating | ★★★★ | ★★★★ |
| Category | North American Equity | North American Equity |
| Beta | 0.58 | 0.99 |
| 52-Week High | $28.40 | $67.33 |
| 52-Week Low | $23.65 | $53.85 |
| 50-Day MA | $27.55 | $60.01 |
| 200-Day MA | $27.43 | $64.05 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | DXQ | ZFN |
|---|---|---|
| YTD | +3.27%✓ | -0.14% |
| 1 Year | +20.21%✓ | +11.96% |
| 3 Year | +17.25%✓ | +16.68% |
| 5 Year | — | +11.38% |
| 10 Year | — | — |
| 1Y Volatility | 6.78% | 11.76% |
| Sharpe Ratio (3Y) | 1.63 | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | MSFT | Microsoft Corporation | 4.02% |
| 2 | NFLX | Netflix Inc | 3.83% |
| 3 | AMZN | Amazon.com Inc | 3.64% |
| 4 | NVDA | NVIDIA Corporation | 3.21% |
| 5 | TSM | Taiwan Semiconductor Manufacturing | 1.95% |
| 6 | ETN | Eaton Corporation PLC | 1.75% |
| 7 | TTWO | Take-Two Interactive Software Inc | 1.48% |
| 8 | TMO | Thermo Fisher Scientific Inc | 1.46% |
| 9 | SHW | Sherwin-Williams Co | 1.32% |
| 10 | BSX | Boston Scientific Corp | 1.05% |
| 1 | GOOGL | Alphabet Inc Class A | 6.60% |
| 2 | CVE | Cenovus Energy Inc | 6.50% |
| 3 | CM | Canadian Imperial Bank Of Commerce | 6.41% |
| 4 | AMAT | Applied Materials Inc | 5.96% |
| 5 | BNY | The Bank of New York Mellon Cor | 5.94% |
| 6 | WMT | Walmart Inc. | 5.93% |
| 7 | IMO | Imperial Oil Ltd | 5.85% |
| 8 | NA | National Bank of Canada | 5.69% |
| 9 | MS | Morgan Stanley | 5.66% |
Sector Weights
| Sector | DXQ | ZFN |
|---|---|---|
| Basic Materials | 4.41% | 0.00% |
| Communication Services | 19.91% | 7.46% |
| Consumer Cyclicals | 17.91% | 0.00% |
| Consumer Defensive | 0.00% | 6.71% |
| Energy | 0.00% | 20.11% |
| Financial Services | 4.19% | 26.79% |
| Healthcare | 9.69% | 0.00% |
| Industrials | 10.25% | 12.49% |
| Real Estate | 0.00% | 0.00% |
| Technology | 33.63% | 20.07% |
| Utilities | 0.00% | 6.37% |
About DXQ
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About ZFN
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Which ETF is Right for You?
Both DXQ and ZFN 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, DXQ 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 DXQ and ZFN?
DXQ (Dynamic Active Enhanced Yield Covered Options ETF) and ZFN (BMO SIA Focused North American Equity Fund ETF Series) are both Canadian-listed ETFs. Key differences include their AUM ($687M vs $241M), dividend yield (7.84% vs 0.51%), and year-to-date performance (+3.27% vs -0.14%).
Is DXQ better than ZFN?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, DXQ has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy DXQ and ZFN on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both DXQ and ZFN should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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