ZWH:CA:TSX-BMO US High Dividend Covered Call (CAD)

ETF | US Equity |

Last Closing

CAD 24.36

Change

+0.06 (+0.25)%

Market Cap

CAD 1.02B

Volume

6.85K

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

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.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-09-30 )

Largest Industry Peers for US Equity

Symbol Name Price(Change) Market Cap
VFV:CA Vanguard S&P 500 Index ETF

+0.61 (+0.44%)

CAD 17.23B
ZSP:CA BMO S&P 500

+0.39 (+0.46%)

CAD 16.16B
XSP:CA iShares Core S&P 500 (CAD Hedg..

+0.21 (+0.35%)

CAD 10.90B
VUN:CA Vanguard US Total Market

+0.39 (+0.38%)

CAD 9.56B
XUS:CA iShares Core S&P 500 Index ETF

+0.21 (+0.44%)

CAD 7.36B
HXS:CA Global X S&P 500 Corporate Cla..

+0.39 (+0.49%)

CAD 4.06B
VSP:CA Vanguard S&P 500 CAD hedged

+0.37 (+0.40%)

CAD 3.52B
QUU:CA Mackenzie US Large Cap Equity ..

+0.85 (+0.38%)

CAD 3.25B
XQQ:CA iShares NASDAQ 100 (CAD Hedged..

+0.08 (+0.16%)

CAD 3.07B
XUU:CA iShares Core S&P US Total Mark..

+0.24 (+0.42%)

CAD 3.07B

ETFs Containing ZWH:CA

ZWS:CA BMO US High Dividend Cove.. 0.00 % 0.71 %

N/A

CAD 0.13B

Market Performance

  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 12.21% 11% F 52% F
Dividend Return 4.15% 95% A 81% B-
Total Return 16.35% 20% F 61% D-
Trailing 12 Months  
Capital Gain 15.18% 8% B- 43% F
Dividend Return 5.67% 93% A 82% B
Total Return 20.85% 11% F 50% F
Trailing 5 Years  
Capital Gain 19.24% 8% B- 49% F
Dividend Return 22.47% 93% A 80% B-
Total Return 41.70% 19% F 56% F
Average Annual (5 Year Horizon)  
Capital Gain 4.44% N/A N/A 54% F
Dividend Return 8.94% N/A N/A 63% D
Total Return 4.50% N/A N/A 87% B+
Risk Return Profile  
Volatility (Standard Deviation) 10.98% N/A N/A 81% B-
Risk Adjusted Return 81.43% N/A N/A 90% A-
Market Capitalization 1.02B 66% D+ 69% C-

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:
Underpriced compared to earnings

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.

What to not like:

There is nothing we particularly dislike