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BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE : TSX)

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European Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023, 2022, 2018

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Close
(08-08-2025) 		$20.08
Change
$0.15 (0.75%)
Open $19.92
Day Range $19.92 - $20.10
Volume 33,576

As at June 30, 2025

As at June 30, 2025

As at June 30, 2025

  • Closing Price / Volume
Period
Created with Highcharts 10.3.3Closing PriceVolumeJan 2016Jul 2016Jan 2017Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Jul 2025Sep 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 2025Jun 2025Jul 2025Aug 20252016-01-012018-01-012020-01-012022-01-012024-01-01$14.00$16.00$18.00$20.00$22.00$24.00$19.00$21.00010,000,00020,000,0001,000,0002,000,000Period
Created with Highcharts 10.3.3Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Sep 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 2025Jun 2025Jul 2025Aug 20252016-01-012018-01-012020-01-012022-01-012024-01-01-30%-20%-10%0%10%20%-5%5%15%Period

Legend

BMO Europe High Dividend Covered Call Hedged to CAD ETF

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Fund Returns

Inception Return (September 09, 2015): 7.04%

Fund Returns
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 -1.30% -1.85% 3.23% 3.23% 2.38% 7.38% 11.46% 7.73% 10.08% 6.80% 6.64% 5.98% 7.86% -
Benchmark 1.43% 6.31% 16.96% 16.96% 18.91% 17.19% 19.56% 9.52% 12.25% 9.67% 8.35% 8.26% 9.73% 7.83%
Category Average 0.59% 11.12% 11.12% 11.12% 13.48% 13.13% 15.01% 5.36% 8.57% 6.51% 5.25% 5.22% 6.27% 4.97%
Category Rank 92 / 98 94 / 97 91 / 97 91 / 97 91 / 97 89 / 97 83 / 97 32 / 97 33 / 95 53 / 95 35 / 88 40 / 84 26 / 73 -
Quartile Ranking 4 4 4 4 4 4 4 2 2 3 2 2 2 -

Monthly Return

Created with Highcharts 10.3.3Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25Mar 25Apr 25May 25Jun 25-6%-4%-2%0%2%4%6%8%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.08% 2.12% -0.42% -2.20% -0.40% 0.04% 5.77% 3.05% -3.50% -2.93% 2.45% -1.30%
Benchmark 3.38% 1.39% 0.64% -3.03% -0.82% 0.21% 7.45% 3.09% -0.68% 0.46% 4.34% 1.43%

Best Monthly Return Since Inception

13.48% (November 2020)

Worst Monthly Return Since Inception

-12.57% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - 12.65% 10.82% -8.54% 21.49% -8.30% 19.46% 0.10% 14.67% 7.21%
Benchmark 17.20% -3.54% 18.15% -7.68% 19.54% 3.59% 15.26% -10.82% 17.51% 10.66%
Category Average 17.33% -5.77% 14.98% -9.04% 15.21% 3.84% 11.84% -15.77% 16.91% 8.55%
Quartile Ranking - 1 3 2 1 4 1 1 4 3
Category Rank - 1/ 69 57/ 79 39/ 87 20/ 92 92/ 95 9/ 97 4/ 97 79/ 97 63/ 97

Best Calendar Return (Last 10 years)

21.49% (2019)

Worst Calendar Return (Last 10 years)

-8.54% (2018)

Asset Allocation

Asset Allocation
Name Percent
International Equity 100.61
Cash and Equivalents -0.60

Sector Allocation

Sector Allocation
Name Percent
Financial Services 22.27
Consumer Goods 19.98
Healthcare 11.91
Industrial Goods 9.82
Energy 8.16
Other 27.86

Geographic Allocation

Geographic Allocation
Name Percent
Europe 100.93
North America -0.77

Top Holdings

Top Holdings
Name Percent
BMO Europe High Dividend Covered Call ETF (ZWP) 101.62
CHF Currency Forward 0.10
EUR Currency Forward 0.10
CANADIAN DOLLAR 0.07
DKK Currency Forward 0.01
EURO CURRENCY 0.00
POUND STERLING 0.00
SWEDISH KRONA 0.00
US DOLLAR 0.00
SEK Currency Forward 0.00

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return1112131415161718192021222324255%10%15%20%25%30%35%

BMO Europe High Dividend Covered Call Hedged to CAD ETF

Median

Other - European Equity

3 Yr Annualized

Standard Deviation 10.71% 12.25% -
Beta 0.74% 0.77% -
Alpha -0.02% 0.01% -
Rsquared 0.80% 0.79% -
Sharpe 0.70% 0.64% -
Sortino 1.53% 1.08% -
Treynor 0.10% 0.10% -
Tax Efficiency 73.52% 70.68% -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 -

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.35% 10.71% 12.25% -
Beta 0.81% 0.74% 0.77% -
Alpha -0.12% -0.02% 0.01% -
Rsquared 0.69% 0.80% 0.79% -
Sharpe -0.07% 0.70% 0.64% -
Sortino -0.04% 1.53% 1.08% -
Treynor -0.01% 0.10% 0.10% -
Tax Efficiency - 73.52% 70.68% -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A25.2​25.215.7​15.70%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A27.9​27.923.6​23.60%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A77.0​77.027.6​27.60%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A3.7​3.76.9​6.90%10%20%30%40%50%60%70%80%90%100%

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.

View the full methodology

Fund Details

Start Date September 09, 2015
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $652
52 Week High $21.82
52 Week Low $18.09
Annual Dividend $1.44
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

The fund seeks to provide unitholders with exposure to the performance of a portfolio of dividend paying European companies to generate income and to provide long-term capital appreciation. The fund will primarily invest in and hold the equity securities of dividend paying European companies. In addition, depending on market volatility and other factors, the fund will write covered call options on these securities.

Investment Strategy

The investment strategy of each BMO ETF is to invest in and hold a portfolio of securities selected by the Manager in order to achieve its investment objectives. The BMO ETFs may also hold cash and cash equivalents or other money market instruments in order to meet their current obligations.

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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