Join Fund Library now and get free access to personalized features to help you manage your investments.

BMO Covered Call Canadian Banks ETF (ZWB : TSX)

Financial Services Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

Close
(12-23-2024)
$19.93
Change
$0.05 (0.25%)
Open $19.78
Day Range $19.78 - $19.93
Volume 126,108

As at November 30, 2024

As at November 30, 2024

As at July 31, 2024

Period
Loading...
Loading...

Legend

BMO Covered Call Canadian Banks ETF

Compare Options


Fund Returns

Inception Return (January 28, 2011): 8.72%

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 4.84% 9.87% 16.01% 20.59% 29.66% 10.08% 6.31% 11.33% 8.22% 8.42% 7.18% 7.94% 8.92% 7.54%
Benchmark 6.63% 11.31% 19.94% 33.55% 38.40% 21.74% 14.13% 15.74% 10.92% 11.06% 9.30% 10.55% 9.90% 10.14%
Category Average 7.57% 20.96% 20.96% 30.90% 39.99% 16.81% 9.92% 14.27% 10.64% 10.78% 8.89% 10.10% 9.68% 9.35%
Category Rank 66 / 76 64 / 76 65 / 76 64 / 75 63 / 75 53 / 65 42 / 56 44 / 56 37 / 51 36 / 49 33 / 45 30 / 40 24 / 33 27 / 33
Quartile Ranking 4 4 4 4 4 4 3 4 3 3 3 3 3 4

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 7.52% -1.34% 1.70% 4.54% -3.48% 2.67% -3.27% 5.69% 3.28% 4.36% 0.42% 4.84%
Benchmark 3.63% 1.30% 4.53% 3.76% -1.77% 3.17% -0.07% 6.67% 1.09% 2.08% 2.26% 6.63%

Best Monthly Return Since Inception

11.27% (November 2020)

Worst Monthly Return Since Inception

-17.82% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 11.66% -4.12% 25.26% 11.60% -8.04% 14.31% 1.70% 30.82% -11.15% 6.79%
Benchmark 14.35% 14.20% 6.34% 15.24% -4.99% 19.43% -5.24% 22.05% -5.68% 13.41%
Category Average 10.01% 6.19% 11.10% 15.65% -8.72% 20.37% 0.17% 28.60% -10.67% 9.26%
Quartile Ranking 3 4 1 3 2 4 2 2 2 3
Category Rank 19/ 30 29/ 33 5/ 33 27/ 41 19/ 45 42/ 49 22/ 51 20/ 56 26/ 56 48/ 65

Best Calendar Return (Last 10 years)

30.82% (2021)

Worst Calendar Return (Last 10 years)

-11.15% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 99.70
Cash and Equivalents 0.28
Other 0.02

Sector Allocation

Sector Allocation
Name Percent
Financial Services 100.21
Cash and Cash Equivalent 0.28
Other -0.49

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.98
Other 0.02

Top Holdings

Top Holdings
Name Percent
BMO Equal Weight Banks Index ETF (ZEB) 29.07
Bank of Nova Scotia 12.47
National Bank of Canada 12.17
Canadian Imperial Bank of Commerce 12.16
Bank of Montreal 12.14
Royal Bank of Canada 11.89
Toronto-Dominion Bank 10.40
CANADIAN DOLLAR 0.19
US DOLLAR 0.00
USD Currency Forward 0.00

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

BMO Covered Call Canadian Banks ETF

Median

Other - Financial Services Equity

3 Yr Annualized

Standard Deviation 16.13% 17.34% 14.90%
Beta 0.99% 0.95% 0.79%
Alpha -0.07% -0.02% 0.00%
Rsquared 0.72% 0.75% 0.54%
Sharpe 0.24% 0.41% 0.46%
Sortino 0.40% 0.52% 0.52%
Treynor 0.04% 0.08% 0.09%
Tax Efficiency 53.23% 66.77% 67.66%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 12.23% 16.13% 17.34% 14.90%
Beta 1.07% 0.99% 0.95% 0.79%
Alpha -0.09% -0.07% -0.02% 0.00%
Rsquared 0.58% 0.72% 0.75% 0.54%
Sharpe 1.83% 0.24% 0.41% 0.46%
Sortino 4.46% 0.40% 0.52% 0.52%
Treynor 0.21% 0.04% 0.08% 0.09%
Tax Efficiency 89.11% 53.23% 66.77% 67.66%

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) $3,234
52 Week High $20.30
52 Week Low $17.06
Annual Dividend $1.32
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 Manager(s)

Name Start Date
BMO Asset Management Inc. 01-28-2011

Management and Organization

Fund Manager BMO Asset Management Inc.
Advisor BMO Asset Management Inc.
Custodian State Street Trust Company Canada
Registrar State Street Trust Company Canada
Distributor -
Auditor PriceWaterhouseCoopers LLP

Fees

MER 0.73%
Management Fee 0.65%

Join Fund Library now and get free access to personalized features to help you manage your investments.