ZWH.U:CA:TSX-BMO US High Dividend Covered Call ETF

ETF | US Equity | Toronto Stock Exchange

Last Closing Price

CAD 21.44


+0.09 (+0.42)%

Market Cap

CAD 0.07B



Average Target Price

Average Analyst Rating


STA Verdict



The fund seeks to provide Unitholders with exposure to the performance of a portfolio of dividend paying U.S. companies while mitigating downside risk, and also seeks to provide Unitholders with monthly distributions. BMO US High Dividend Covered Call ETF will primarily invest in and hold the equity securities of dividend paying U.S. companies. The selected companies will have the potential for long-term capital growth. Eligible securities will be selected using a rules based methodology that considers dividend growth, yield, payout ratio and eligibility will be reviewed annually. In addition, depending on market volatility and other factors, BMO US High Dividend Covered Call ETF will write covered call options on these securities.

Inception Date: 06/02/2015

Primary Benchmark: N/A

Primary Index: S&P 500 TR (Bank of Canada) CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.72 %

Unadjusted Closing Price

Adjusted Closing Price



Top Sectors


Top Regions


Share Volume

Relative Performance (Total Returns)

Relative Returns (From:    To: 2019-03-18 )

Largest Industry Peers for US Equity

Symbol Name Mer Price(Change) Market Cap
ZSP:CA BMO S&P 500 Index ETF 0.09 %

+0.15 (+0.36%)

CAD 5.32B
XSP:CA iShares Core S&P 500 Index ETF.. 0.11 %

+0.13 (+0.41%)

CAD 4.64B
VFV:CA Vanguard S&P 500 Index ETF 0.08 %

+0.35 (+0.52%)

CAD 2.18B
VUN:CA Vanguard U.S. Total Market Ind.. 0.16 %

+0.23 (+0.44%)

CAD 1.73B
ZDY:CA BMO US Dividend ETF 0.34 %

+0.13 (+0.40%)

CAD 1.52B
XUU:CA iShares Core S&P U.S. Total Ma.. 0.08 %

+0.19 (+0.66%)

CAD 1.43B
XUS:CA iShares Core S&P 500 Index ETF 0.11 %

+0.16 (+0.34%)

CAD 1.41B
ZUE:CA BMO S&P 500 Hedged to CAD Inde.. 0.10 %

+0.16 (+0.38%)

CAD 1.21B
ZLU:CA BMO Low Volatility US Equity E.. 0.33 %

+0.05 (+0.14%)

CAD 0.86B
VSP:CA Vanguard S&P 500 Index ETF (CA.. 0.08 %

+0.22 (+0.45%)

CAD 0.83B

ETFs Containing ZWH.U:CA

Symbol Name Weight Mer Price(Change) Market Cap


Market Performance

  Market Performance vs.
Industry/Classification (US Equity)
Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Capital Gain 9.44% 21% F 63% D
Dividend Return 1.05% 91% A- 51% F
Total Return 10.50% 33% F 65% D
Trailing 12 Months  
Capital Gain -1.47% 15% F 59% F
Dividend Return 5.49% 98% A+ 82% B-
Total Return 4.02% 50% F 70% C-
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Average Annual (5 Year Horizon)  
Capital Gain 2.14% 18% F 60% D-
Dividend Return 6.09% 40% F 66% D
Total Return 3.97% 97% A+ 67% D+
Risk Return Profile  
Volatility (Standard Deviation) 6.03% 75% C 76% C
Risk Adjusted Return 101.10% 59% F 90% A-
Market Capitalization 0.03B 59% F 41% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

What to not like:
Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.