incomeetf.ca

All funds BMO

BMO covered call and yield ETFs

We track 32 BMO funds: 11 index covered call, 7 dividend equity, 7 sector covered call, 3 preferred share, 2 cash and HISA 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 ⇅Risk rating ⇅Liquidity ⇅
ZHPBMO US Preferred Share Hedged to CAD IndexPreferred 546.6%-9.1%0.51%-27.4%MediumVery low
ZUPBMO US Preferred Share IndexPreferred 626.4%-5.1%0.50%-19.7%MediumVery low
ZWGDBMO Covered Call Spread Gold BullionSector 646.1%-4.7%0.72%-23.4%MediumLow
ZWHCBMO Covered Call Health CareSector 696.1%+14.4%0.73%-13.2%MediumLow
ZZZDBMO Tactical Dividend ETFDividend 703.7%+13.0%0.77%-17.1%Low–medVery low
ZUDBMO US Dividend Hedged to CADDividend 701.7%+14.1%0.33%-28.7%MediumLow
ZWKBMO Covered Call US BanksSector 726.9%+14.2%0.71%-42.8%HighMedium
ZDYBMO US DividendDividend 721.6%+17.2%0.33%-22.2%MediumMedium
ZWABMO Covered Call Dow Jones Industrial Average Hedged to CADIndex 736.5%+6.7%0.72%-23.2%MediumLow
ZREBMO Equal Weight REITs IndexREIT 744.9%+4.9%0.61%-30.1%Med–highHigh
ZWSBMO US High Dividend Covered Call Hedged to CADIndex 746.7%+8.3%0.71%-27.6%MediumLow
ZWTBMO Covered Call TechnologySector 746.6%+10.3%0.72%-32.4%Med–highMedium
ZDHBMO International Dividend Hedged to CADDividend 742.9%+18.9%0.44%-27.4%MediumLow
ZWEBMO Europe High Dividend Covered Call Hedged to CADIndex 756.7%+9.7%0.72%-24.7%MediumMedium
ZPHBMO US Put Write Hedged to CADIndex 7610.3%+7.7%0.72%-20.8%Low–medLow
ZWENBMO Covered Call EnergySector 767.0%+41.1%0.72%-14.3%HighMedium
ZWQTBMO Global Enhanced IncomeIndex 775.0%+16.2%0.72%-8.3%MediumLow
ZWPBMO Europe High Dividend Covered CallIndex 776.3%+9.6%0.73%-18.2%MediumMedium
ZWHBMO US High Dividend Covered CallIndex 786.3%+12.1%0.72%-21.8%MediumHigh
ZPWBMO US Put WriteIndex 789.3%+10.6%0.72%-13.5%Low–medLow
ZWGBMO Global High Dividend Covered CallIndex 786.3%+13.5%0.72%-13.8%Low–medMedium
ZDIBMO International DividendDividend 793.1%+17.9%0.44%-24.5%MediumMedium
ZWCBMO Canadian High Dividend Covered CallIndex 806.3%+18.5%0.72%-24.4%MediumVery high
ZWUBMO Covered Call UtilitiesSector 807.4%+6.1%0.71%-20.7%MediumVery high
ZDVBMO Canadian DividendDividend 812.7%+27.6%0.39%-27.1%MediumVery high
ZPAYBMO Premium YieldIndex 816.9%+12.7%0.71%-11.5%Low–medHigh
ZWBBMO Covered Call Canadian BanksSector 826.6%+35.2%0.72%-24.7%MediumVery high
ZPRBMO Laddered Preferred Share IndexPreferred 865.7%+10.5%0.50%-35.4%MediumVery high
ZDIVBMO MSCI Canada IMI High Dividend Yield IndexDividend newn/a3.6%––-3.8%MediumMedium
ZMMKBMO Money MarketCash n/a2.4%+2.2%0.13%-0.0%LowVery high
ZUCMBMO USD Cash ManagementCash n/a4.1%+4.8%0.13%-5.1%Low–medMedium
ZXLRBMO SPDR Real Estate Select Sector IndexREIT newn/a–+11.0%0.21%-8.5%MediumMedium
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 →

Risk rating

The fund company's own rating from Low to High, in its ETF Facts, based on how much the fund's returns have varied. It describes past ups and downs, not the chance of a future loss.

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.