ZWB:CA:TSX-BMO Covered Call Canadian Banks ETF

ETF | Financial Services Equity | Toronto Stock Exchange

Last Closing

CAD 17.77


0.00 (0.00)%

Market Cap

CAD 1.24B



Analyst Target

Analyst Rating


ducovest Verdict



The investment has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The fund invests in securities of Canadian banks, and 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 ETF is rebalanced and reconstituted semi-annually in June and December.

Inception Date: 28/01/2011

Primary Benchmark: Solactive EW CAN Banks TR CAD

Primary Index: MSCI World/Financials GR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.71 %

Unadjusted Closing Price

Adjusted Closing Price



Top Sectors


Top Regions


Share Volume

Relative Performance (Total Returns)

Relative Returns (From:    To: 2019-01-12 )

Largest Industry Peers for Financial Services Equity

Symbol Name Mer Price(Change) Market Cap
ZEB:CA BMO Equal Weight Banks Index E.. 0.60 %


CAD 1.40B
XFN:CA iShares S&P/TSX Capped Financi.. 0.61 %


CAD 1.03B
ZBK:CA BMO Equal Weight US Banks Inde.. 0.37 %


CAD 0.74B
ZUB:CA BMO Equal Weight US Banks Hedg.. 0.38 %


CAD 0.47B
FSF:CA CI First Asset Global Financia.. 1.11 %


CAD 0.22B
CIC:CA CI First Asset CanBanc Income .. 0.84 %


CAD 0.15B
FLI:CA CI First Asset U.S. & Canada L.. 0.92 %


CAD 0.15B
CEW:CA iShares Equal Weight Banc & Li.. 0.60 %


CAD 0.15B
HFMU.U:CA Hamilton Capital U.S. Mid-Cap .. 1.16 %


CAD 0.07B
RBNK:CA RBC Canadian Bank Yield Index .. 0.33 %


CAD 0.06B

ETFs Containing ZWB:CA


Market Performance

  Market Performance vs. Industry/Classification (Financial Services Equity) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Capital Gain 4.28% 54% F 65% D
Dividend Return N/A N/A N/A N/A N/A
Total Return 4.28% 54% F 65% D
Trailing 12 Months  
Capital Gain -10.07% 73% C 49% F
Dividend Return 4.40% 86% B 63% D
Total Return -5.67% 95% A 53% F
Trailing 5 Years  
Capital Gain 11.62% 44% F 69% D+
Dividend Return 27.33% 75% C 80% B-
Total Return 38.95% 67% D+ 75% C
Average Annual (5 Year Horizon)  
Capital Gain 3.29% 55% F 63% D
Dividend Return 8.47% 55% F 73% C
Total Return 5.20% 90% A- 82% B-
Risk Return Profile  
Volatility (Standard Deviation) 9.98% 59% F 62% D-
Risk Adjusted Return 84.84% 82% B- 82% B-
Market Capitalization 1.24B 100% A+ 91% A-

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

What to not like:

There is nothing we particularly dislike