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

ETF | US Equity |

Last Closing

CAD 24.33

Change

-0.05 (-0.21)%

Market Cap

CAD 1.03B

Volume

8.67K

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: 2024-10-07 )

Largest Industry Peers for US Equity

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

-0.79 (-0.57%)

CAD 17.51B
ZSP:CA BMO S&P 500

-0.50 (-0.59%)

CAD 16.19B
XSP:CA iShares Core S&P 500 (CAD Hedg..

-0.59 (-0.98%)

CAD 10.97B
VUN:CA Vanguard US Total Market

-0.46 (-0.44%)

CAD 9.62B
XUS:CA iShares Core S&P 500 Index ETF

-0.27 (-0.56%)

CAD 7.48B
HXS:CA Global X S&P 500 Corporate Cla..

-0.50 (-0.63%)

CAD 4.08B
VSP:CA Vanguard S&P 500 CAD hedged

-0.91 (-0.98%)

CAD 3.51B
QUU:CA Mackenzie US Large Cap Equity ..

-1.15 (-0.51%)

CAD 3.25B
XUU:CA iShares Core S&P US Total Mark..

-0.35 (-0.61%)

CAD 3.12B
XQQ:CA iShares NASDAQ 100 (CAD Hedged..

-0.57 (-1.13%)

CAD 3.10B

ETFs Containing ZWH:CA

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

-0.13 (-0.59%)

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 12.07% 17% F 53% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 12.07% 17% F 53% F
Trailing 12 Months  
Capital Gain 15.69% 12% F 43% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 15.69% 12% F 43% F
Trailing 5 Years  
Capital Gain 18.16% 13% F 49% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 18.16% 13% F 49% F
Average Annual (5 Year Horizon)  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) N/A N/A N/A N/A N/A
Risk Adjusted Return N/A N/A N/A N/A N/A
Market Capitalization 1.03B 67% 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