yieldetf.ca

All funds BMO

BMO covered call and yield ETFs

We track 29 BMO funds: 11 index covered call, 7 sector covered call, 6 dividend equity, 3 preferred share and 2 REIT. The highest on our Income Durability Score are ZHP (54), ZUP (62) and ZWGD (64).

Yields, fees and holdings are from BMO's own published documents; each fund page links to its official page.

CompareTicker ⇅FundTypeScore ▲Yield ⇅1-yr return ⇅Fee ⇅Worst drop ⇅Liquidity ⇅
ZHPBMO US Preferred Share Hedged to CAD Index ETFPreferred 546.6%-8.9%0.51%-27.4%Very low
ZUPBMO US Preferred Share Index ETFPreferred 626.5%-6.5%0.50%-19.7%Very low
ZWGDBMO Covered Call Spread Gold Bullion ETFSector 646.3%-8.1%0.72%-23.4%Low
ZWHCBMO Covered Call Health Care ETFSector 696.3%+10.5%0.73%-13.2%Low
ZUDBMO US Dividend Hedged to CAD ETFDividend 701.7%+15.6%0.33%-28.7%Low
ZDYBMO US Dividend ETFDividend 721.6%+17.3%0.33%-22.2%Medium
ZWKBMO Covered Call US Banks ETFSector 727.1%+11.9%0.71%-42.8%Medium
ZWABMO Covered Call Dow Jones Industrial Average Hedged to CAD ETFIndex 736.6%+5.8%0.72%-23.2%Low
ZWSBMO US High Dividend Covered Call Hedged to CAD ETFIndex 736.7%+9.6%0.71%-27.6%Low
ZREBMO Equal Weight REITs Index ETFREIT 744.9%+4.5%0.61%-30.1%High
ZWTBMO Covered Call Technology ETFSector 746.7%+9.8%0.72%-32.4%Medium
ZDHBMO International Dividend Hedged to CAD ETFDividend 742.9%+17.4%0.44%-27.4%Low
ZWEBMO Europe High Dividend Covered Call Hedged to CAD ETFIndex 756.8%+7.1%0.72%-24.7%Medium
ZWENBMO Covered Call Energy ETFSector 766.7%+49.0%0.72%-14.3%Medium
ZPHBMO US Put Write Hedged to CAD ETFIndex 7610.3%+8.3%0.72%-20.8%Low
ZWQTBMO Global Enhanced Income Fund (ETF Series)Index 765.0%+15.8%0.72%-8.3%Low
ZWPBMO Europe High Dividend Covered Call ETFIndex 776.6%+5.1%0.73%-18.2%Medium
ZWHBMO US High Dividend Covered Call ETFIndex 776.3%+12.0%0.72%-21.8%High
ZPWBMO US Put Write ETFIndex 789.4%+9.7%0.72%-13.5%Low
ZWGBMO Global High Dividend Covered Call ETFIndex 786.3%+12.2%0.72%-13.8%Medium
ZDIBMO International Dividend ETFDividend 793.2%+15.0%0.44%-24.5%Medium
ZWCBMO Canadian High Dividend Covered Call ETFIndex 806.4%+17.5%0.72%-24.4%Very high
ZWUBMO Covered Call Utilities ETFSector 807.5%+5.1%0.71%-20.7%Very high
ZDVBMO Canadian Dividend ETFDividend 812.7%+26.5%0.39%-27.1%Very high
ZPAYBMO Premium Yield ETFIndex 817.0%+11.5%0.71%-11.5%Medium
ZWBBMO Covered Call Canadian Banks ETFSector 826.7%+34.1%0.72%-24.7%Very high
ZPRBMO Laddered Preferred Share Index ETFPreferred 865.7%+10.9%0.50%-35.4%Very high
ZDIVBMO MSCI Canada IMI High Dividend Yield Index ETFDividend newn/a3.6%––-3.8%Medium
ZXLRBMO SPDR Real Estate Select Sector Index ETFREIT newn/a–+7.6%0.21%-8.5%Medium
Type

What the fund sells calls on.

The fund owns stocks and sells the right to buy them at a set price. It collects a fee (premium) for that right, which is paid out as income. In exchange, big rises in the stocks are partly given up. A tag such as 1.25x marks leverage; "new" means under 12 months of history, too short to score.

Full definition in the glossary →

Income Durability Score

Out of 100, coloured from red (0) to green (100).

How well the fund has turned its yield into something you could actually keep. It is built from income, capital, risk and cost measures with fixed, published weights.

How we score →

Yield

A year of distributions divided by today's unit price. A high yield is not a high return: if the price falls as much as you were paid, you have gained nothing.

Full definition in the glossary →

Total return

This column is the total return over the last 12 months.

Price change plus all distributions, assuming distributions are reinvested. This is the number that tells you whether the payout was earned.

Full definition in the glossary →

MER

Management expense ratio: the fund's yearly management fee and operating costs as a share of its value, already taken out of returns. Trading costs come on top, as the trading expense ratio (TER) in the fund's ETF Facts; the score's fee measure adds the two.

Full definition in the glossary →

Worst drop (maximum drawdown)

The biggest fall from a high to a later low, in total return, so paying out a distribution does not count as a fall. A fund that fell 30% needs a 43% gain to get back.

Full definition in the glossary →

Liquidity

How easily you can buy or sell without moving the price, rated Very high to Very low by the average dollars traded per day. Thinly traded funds can have wide gaps between the buying and selling price; use limit orders.

Full definition in the glossary →

Volatility

Over the last 36 months.

How much returns bounce around, measured as an annualized standard deviation. Higher means a bumpier ride. It counts rises as well as falls, so the score uses downside deviation instead.

Full definition in the glossary →

Beta

How far the fund tends to move when the S&P 500 moves, over the last 36 months. A beta of 0.7 means it moved about 0.7% for each 1% move in the index.

Full definition in the glossary →

Up and down capture

This column is up capture: the share of its own benchmark's gains the fund took in rising months. The fund's page names the benchmark.

How much of its own benchmark's gains (up) and losses (down) the fund took over the last 36 months. Down capture under 100% means the calls cushioned the falls; leverage pushes both above 100%.

Full definition in the glossary →

Up and down capture

This column is down capture: the share of its own benchmark's losses the fund took in falling months. The fund's page names the benchmark.

How much of its own benchmark's gains (up) and losses (down) the fund took over the last 36 months. Down capture under 100% means the calls cushioned the falls; leverage pushes both above 100%.

Full definition in the glossary →

Total return

This column is the total return per year over the last 3 years.

Price change plus all distributions, assuming distributions are reinvested. This is the number that tells you whether the payout was earned.

Full definition in the glossary →

Return of capital (ROC)

The share of last year's payout classed as return of capital.

A part of the payout that is treated as your own money coming back. It is not taxed right away, but it lowers your cost base, so you may owe more tax when you sell.

Full definition in the glossary →

Rankings are information, not a recommendation to buy or sell any fund.