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BMO Covered Call Canadian Banks ETF (ZWB : TSX)
Financial Services Equity
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
Click for more information on Fundata’s ESG Grade
Fundata ESG Grade A
Click for more information on Fundata’s ESG Grade.
|
Close (06-19-2026) |
$30.68 |
|---|---|
| Change |
$0.10
(0.33%)
|
| Open | $30.72 |
|---|---|
| Day Range | $30.65 - $30.88 |
| Volume | 52,841 |
As at May 31, 2026
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (January 28, 2011): 10.97%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 3.97% | 10.65% | 21.64% | 16.34% | 50.24% | 34.23% | 26.66% | 15.90% | 14.03% | 19.63% | 14.22% | 12.18% | 12.12% | 12.36% |
| Benchmark | 1.41% | 0.96% | 3.76% | 2.19% | 15.52% | 21.09% | 23.39% | 17.28% | 13.48% | 16.41% | 12.02% | 10.86% | 10.47% | 11.64% |
| Category Average | 1.94% | 10.85% | 10.85% | 6.65% | 29.25% | 26.65% | 25.81% | 16.12% | 12.44% | 18.11% | 13.48% | 11.61% | 11.55% | 12.19% |
| Category Rank | 23 / 87 | 26 / 81 | 16 / 79 | 17 / 79 | 17 / 76 | 25 / 70 | 28 / 66 | 24 / 53 | 18 / 50 | 17 / 45 | 19 / 45 | 19 / 42 | 18 / 37 | 16 / 33 |
| Quartile Ranking | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.51% | 1.57% | 5.39% | 4.51% | 2.57% | 4.00% | 4.55% | -0.44% | 5.61% | -3.43% | 10.21% | 3.97% |
| Benchmark | 2.54% | 2.04% | 2.63% | 2.45% | -0.72% | 1.94% | 1.54% | 0.52% | 0.70% | -5.11% | 4.92% | 1.41% |
Best Monthly Return Since Inception
11.27% (November 2020)
Worst Monthly Return Since Inception
-17.82% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 25.26% | 11.60% | -8.04% | 14.31% | 1.70% | 30.82% | -11.15% | 6.79% | 19.46% | 34.77% |
| Benchmark | 6.34% | 15.24% | -4.99% | 19.43% | -5.24% | 22.05% | -5.68% | 13.41% | 31.42% | 21.57% |
| Category Average | 11.10% | 15.65% | -8.72% | 20.37% | 0.17% | 28.60% | -10.67% | 9.26% | 27.44% | 27.70% |
| Quartile Ranking | 1 | 3 | 2 | 4 | 2 | 2 | 3 | 4 | 4 | 2 |
| Category Rank | 5/ 29 | 27/ 37 | 16/ 41 | 36/ 43 | 22/ 45 | 18/ 50 | 28/ 50 | 48/ 59 | 63/ 68 | 22/ 71 |
Best Calendar Return (Last 10 years)
34.77% (2025)
Worst Calendar Return (Last 10 years)
-11.15% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 99.88 |
| Cash and Equivalents | 0.14 |
Sector Allocation
| Name | Percent |
|---|---|
| Financial Services | 99.98 |
| Cash and Cash Equivalent | 0.14 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.02 |
Top Holdings
| Name | Percent |
|---|---|
| BMO Equal Weight Banks Index ETF (ZEB) | 21.11 |
| Toronto-Dominion Bank | 13.76 |
| Bank of Montreal | 13.42 |
| Royal Bank of Canada | 13.31 |
| Bank of Nova Scotia | 13.00 |
| Canadian Imperial Bank of Commerce | 12.79 |
| National Bank of Canada | 12.65 |
| CANADIAN DOLLAR | 0.08 |
| US DOLLAR | 0.00 |
| NATIONAL BANK OF CANADA JUN26 225 CALL | 0.00 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
BMO Covered Call Canadian Banks ETF
Median
Other - Financial Services Equity
3 Yr Annualized
| Standard Deviation | 13.60% | 14.65% | 14.69% |
|---|---|---|---|
| Beta | 0.95% | 0.95% | 0.90% |
| Alpha | 0.04% | 0.02% | 0.02% |
| Rsquared | 0.50% | 0.62% | 0.65% |
| Sharpe | 1.56% | 0.78% | 0.74% |
| Sortino | 3.14% | 1.23% | 0.99% |
| Treynor | 0.22% | 0.12% | 0.12% |
| Tax Efficiency | 89.59% | 81.87% | 80.71% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 11.62% | 13.60% | 14.65% | 14.69% |
| Beta | 1.16% | 0.95% | 0.95% | 0.90% |
| Alpha | 0.25% | 0.04% | 0.02% | 0.02% |
| Rsquared | 0.70% | 0.50% | 0.62% | 0.65% |
| Sharpe | 3.41% | 1.56% | 0.78% | 0.74% |
| Sortino | 10.41% | 3.14% | 1.23% | 0.99% |
| Treynor | 0.34% | 0.22% | 0.12% | 0.12% |
| Tax Efficiency | 94.26% | 89.59% | 81.87% | 80.71% |
Fundata ESG Metrics
Fundata ESG Score
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Fundata E Score
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Fundata S Score
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Fundata G Score
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
Fund Details
| Start Date | January 28, 2011 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| 52 Week High | $30.88 |
| 52 Week Low | $20.20 |
| Annual Dividend | $1.43 |
| Annual Yield | - |
| Index | - |
| Shares Outstanding | - |
| Registered Plan Eligible | Yes |
ETF Characteristics
| Exposure | 1x performance |
|---|---|
| Asset Class High | - |
| Asset Class Medium | - |
| Asset Class Low | - |
| Leveraged | - |
| Inverse | - |
| Advisor Series | - |
| Covered Call Strategy | Yes |
Investment Objectives
BMO Covered Call Canadian Banks ETF has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums.
Investment Strategy
ZWB invests in securities of Canadian banks, and 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 premium provides limited downside protection. The underlying portfolio is rebalanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry.
Portfolio Management
| Portfolio Manager |
BMO Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
BMO Asset Management Inc. |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
State Street Trust Company Canada |
| Distributor |
- |
Fees
| MER | 0.73% |
|---|---|
| Management Fee | 0.65% |
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