A side-by-side comparison of BMO US Dividend ETF (CAD) (ZDY) and BMO US High Dividend Covered Call (ZWH) 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 | ZDY | ZWH |
|---|---|---|
| YTD Return | +16.81%✓ | +9.72% |
| 1-Day Change | +1.31%✓ | +1.19% |
| 1-Week Change | +2.19%✓ | +1.42% |
| 1-Month Change | +8.57%✓ | +5.98% |
| Current Price | $58.78 | $27.10 |
| AUM | $866M | $1.13B✓ |
| MER (Expense Ratio) | 0.3%✓ | 0.65% |
| Dividend Yield | 1.57% | 6.10%✓ |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2013-03-19 | 2014-02-10 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★★ | ★★ |
| Category | U.S. Dividend & Income Equity | U.S. Dividend & Income Equity |
| Beta | 0.68 | 0.61 |
| 52-Week High | $58.82 | $27.11 |
| 52-Week Low | $45.87 | $21.21 |
| 50-Day MA | $54.25 | $25.62 |
| 200-Day MA | $52.71 | $25.09 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZDY | ZWH |
|---|---|---|
| YTD | +16.81%✓ | +9.72% |
| 1 Year | +33.07%✓ | +25.82% |
| 3 Year | +20.40%✓ | +14.61% |
| 5 Year | +14.83%✓ | +11.12% |
| 10 Year | +11.62%✓ | +9.62% |
| 1Y Volatility | 8.48% | 6.95% |
| Sharpe Ratio (3Y) | 1.51 | 1.13 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | AVGO | Broadcom Inc | 3.34% |
| 2 | CSCO | Cisco Systems Inc | 3.12% |
| 3 | AAPL | Apple Inc | 3.03% |
| 4 | ABBV | AbbVie Inc | 3.03% |
| 5 | PM | Philip Morris International Inc | 2.86% |
| 6 | CVX | Chevron Corp | 2.68% |
| 7 | MCHP | Microchip Technology Inc | 2.52% |
| 8 | QCOM | Qualcomm Incorporated | 2.48% |
| 9 | XOM | Exxon Mobil Corp | 2.26% |
| 10 | JPM | JPMorgan Chase & Co | 2.17% |
| 1 | AVGO | Broadcom Inc | 4.68% |
| 2 | ABBV | AbbVie Inc | 4.36% |
| 3 | JPM | JPMorgan Chase & Co | 3.88% |
| 4 | XOM | Exxon Mobil Corp | 3.88% |
| 5 | MRK | Merck & Company Inc | 3.82% |
| 6 | CVX | Chevron Corp | 3.81% |
| 7 | CSCO | Cisco Systems Inc | 3.69% |
| 8 | BAC | Bank of America Corp | 3.63% |
| 9 | IBM | International Business Machines | 3.33% |
| 10 | AAPL | Apple Inc | 3.32% |
Sector Weights
| Sector | ZDY | ZWH |
|---|---|---|
| Basic Materials | 1.62% | 1.71% |
| Communication Services | 6.84% | 6.15% |
| Consumer Cyclicals | 5.28% | 5.06% |
| Consumer Defensive | 9.55% | 9.47% |
| Energy | 9.61% | 9.14% |
| Financial Services | 9.40% | 11.93% |
| Healthcare | 11.83% | 12.70% |
| Industrials | 4.35% | 4.72% |
| Real Estate | 5.62% | 4.12% |
| Technology | 29.50% | 28.54% |
| Utilities | 6.42% | 6.45% |
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.
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 …
Which ETF is Right for You?
Both ZDY and ZWH 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 ZDY and ZWH?
ZDY (BMO US Dividend ETF (CAD)) and ZWH (BMO US High Dividend Covered Call) are both Canadian-listed ETFs. Key differences include their AUM ($866M vs $1.13B), dividend yield (1.57% vs 6.10%), and year-to-date performance (+16.81% vs +9.72%).
Is ZDY better than ZWH?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ZDY has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ZDY and ZWH on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZDY and ZWH should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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