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 $21.25 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 0.66% 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: -0.14%, 1-year: +7.83%, 3-year annualised: +11.96%, 5-year annualised: +9.36%, 10-year annualised: +7.93%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.86, 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 6.63%, 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, 104.7%). 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 (28.1%), Industrials (14.6%), Healthcare (12.4%). 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 $757M 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 9.39% and a beta of 0.71 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.86 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
2026-10-29	$21.34	$21.34	$21.25	$21.25	$21.25	3,500
2026-10-28	$21.33	$21.42	$21.32	$21.32	$21.32	21,407
2026-10-27	$21.30	$21.35	$21.24	$21.34	$21.34	10,800
2026-10-26	$21.17	$21.25	$21.17	$21.25	$21.25	15,984
2026-10-23	$21.01	$21.15	$21.01	$21.15	$21.15	5,521
2026-10-22	$21.08	$21.22	$21.00	$21.18	$21.18	10,953
2026-10-21	$21.21	$21.29	$21.15	$21.21	$21.21	13,642
2026-10-20	$21.20	$21.32	$21.19	$21.23	$21.23	7,403
2026-10-19	$21.19	$21.24	$21.11	$21.11	$21.11	13,182
2026-10-16	$21.11	$21.42	$21.11	$21.23	$21.23	14,545

Sector	Weight
Financial Services	28.06%
Industrials	14.58%
Healthcare	12.41%
Energy	8.71%
Consumer Defensive	7.98%
Utilities	7.88%
Technology	6.63%
Communication Services	5.98%
Basic Materials	4.93%
Consumer Cyclicals	3.23%
Real Estate	0.00%

Ticker	Name	Price	1D
CGMD		$7.10	+11.64%
LLHE-U	Harvest Eli Lilly Enhanced High Income Shares ETF	$11.25	+9.22%
GASD		$6.29	+8.45%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.91	+7.89%
SLVD	BetaPro Silver -2x Daily Bear ETF	$45.86	+7.83%
HND	BetaPro Natural Gas 2x Daily Bear	$29.33	+6.97%
LLHE	Harvest Eli Lilly Enhanced High Income Shares ETF - Class A Units	$11.55	+6.06%
QQQD		$6.98	+4.96%

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

ETF Details

7 stocks to buy and hold forever

Compare ZWE

Explore More

Compare ZWE vs Similar ETFs

Frequently Asked Questions — ZWE