Values as of: 2024-09-18
ETF | US Equity |
Last Closing
CAD 24.18Change
+0.01 (+0.04)%Market Cap
CAD 1.01BVolume
5.27KAnalyst Target
N/AVerdict
Verdict
The BMO US High Dividend Covered Call ETF has been designed to provide exposure to a dividend focused portfolio, while earning call option premiums. The underlying portfolio is yield-weighted and broadly diversified across sectors. The Fund screens for securities for dividend growth, sustainability, and option liquidity. The Fund also 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 to maintain broad sector diversification and options are rolled forward upon expiry. In addition, ZWH may hold other underlying ETFs, the management fees charged are reduced by management fees paid on the underlying ETFs, thereby avoiding duplication of the management fees.
Company Website : http://www.bmo.com/gam/ca
Currency: CAD
Country : Canada
| Symbol | Name | Price(Change) | Market Cap |
|---|---|---|---|
| VFV:CA | Vanguard S&P 500 Index ETF |
-0.19 (-0.14%) |
CAD 16.35B |
| ZSP:CA | BMO S&P 500 |
-0.07 (-0.08%) |
CAD 15.56B |
| XSP:CA | iShares Core S&P 500 (CAD Hedg.. |
-0.18 (-0.31%) |
CAD 10.26B |
| VUN:CA | Vanguard US Total Market |
-0.05 (-0.05%) |
CAD 9.10B |
| XUS:CA | iShares Core S&P 500 Index ETF |
-0.06 (-0.13%) |
CAD 7.07B |
| HXS:CA | Global X S&P 500 Corporate Cla.. |
-0.10 (-0.13%) |
CAD 3.88B |
| VSP:CA | Vanguard S&P 500 CAD hedged |
-0.25 (-0.27%) |
CAD 3.35B |
| QUU:CA | Mackenzie US Large Cap Equity .. |
-0.52 (-0.24%) |
CAD 3.20B |
| XUU:CA | iShares Core S&P US Total Mark.. |
+0.03 (+0.05%) |
CAD 2.96B |
| XQQ:CA | iShares NASDAQ 100 (CAD Hedged.. |
-0.21 (-0.43%) |
CAD 2.85B |
| Symbol | Name | Weight | Mer | Price(Change) | Market Cap |
|---|---|---|---|---|---|
| ZWS:CA | BMO US High Dividend Cove.. | 0.00 % | 0.71 % |
+0.05 (+0.24%) |
CAD 0.13B |
| Market Performance vs. Industry/Classification (US Equity) | Market Performance vs. Exchange | ||||||
| Value | Sector Median | Percentile Rank | Grade | Market Median | Percentile Rank | Grade | |
| YTD | |||||||
| Capital Gain | 11.38% | 15% | F | 55% | F | ||
| Dividend Return | 3.68% | 96% | N/A | 80% | B- | ||
| Total Return | 15.06% | 24% | F | 62% | D | ||
| Trailing 12 Months | |||||||
| Capital Gain | 10.92% | 8% | B- | 44% | F | ||
| Dividend Return | 5.50% | 94% | A | 81% | B- | ||
| Total Return | 16.42% | 14% | F | 52% | F | ||
| Trailing 5 Years | |||||||
| Capital Gain | 14.60% | 9% | A- | 49% | F | ||
| Dividend Return | 21.28% | 94% | A | 78% | C+ | ||
| Total Return | 35.88% | 18% | F | 56% | F | ||
| Average Annual (5 Year Horizon) | |||||||
| Capital Gain | 4.22% | 8% | B- | 53% | F | ||
| Dividend Return | 8.70% | 27% | F | 63% | D | ||
| Total Return | 4.48% | 95% | A | 87% | B+ | ||
| Risk Return Profile | |||||||
| Volatility (Standard Deviation) | 11.06% | 85% | B | 68% | D+ | ||
| Risk Adjusted Return | 78.67% | 47% | F | 89% | A- | ||
| Market Capitalization | 1.01B | 69% | C- | 69% | C- | ||
| 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.
The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
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.
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
