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

ETF | Others | Toronto Stock Exchange

Last Closing

CAD 17.5


+0.07 (+0.40)%

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: 2019-08-21 )

Largest Industry Peers for Others

Symbol Name Mer Price(Change) Market Cap
BAM-PFC:CA Brookfield Asset Management In.. 0.00 %

-0.01 (-0.04%)

CAD 69.11B
BAM-PFG:CA Brookfield Asset Management In.. 0.00 %

-0.02 (-0.11%)

CAD 65.89B
BAM-PFA:CA Brookfield Asset Management In.. 0.00 %

-0.05 (-0.25%)

CAD 65.58B
DRG-UN:CA Dream Global Real Estate Inves.. 0.00 %


CAD 3.27B
ZYME:CA Zymeworks Inc 0.00 %


CAD 1.30B
PSLV:CA Sprott Physical Silver Trust 0.00 %

+0.12 (+1.37%)

CAD 1.12B
EVT:CA Economic Investment Trust Limi.. 0.00 %

+0.76 (+0.70%)

CAD 0.61B
FSF:CA CI First Asset Global Financia.. 1.11 %


CAD 0.33B
HHL:CA Harvest Healthcare Leaders Inc.. 1.15 %

+0.03 (+0.37%)

CAD 0.33B
ENS:CA E Split Corp 0.00 %

-0.02 (-0.12%)

CAD 0.13B

ETFs Containing ZWB:CA


Market Performance

  Market Performance vs. Industry/Classification (Others) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Capital Gain 2.70% 23% F 36% F
Dividend Return 2.99% 91% A- 80% B-
Total Return 5.69% 29% F 40% F
Trailing 12 Months  
Capital Gain -11.48% 12% F 33% F
Dividend Return 4.22% 83% B 74% C
Total Return -7.26% 13% F 35% F
Trailing 5 Years  
Capital Gain -1.80% 36% F 51% F
Dividend Return 24.61% 94% A 80% B-
Total Return 22.81% 57% F 61% D-
Average Annual (5 Year Horizon)  
Capital Gain 2.88% 66% D 58% F
Dividend Return 8.00% 86% B 69% D+
Total Return 5.14% 96% A 86% B
Risk Return Profile  
Volatility (Standard Deviation) 10.19% 22% F 62% D-
Risk Adjusted Return 78.53% 73% C 81% B-
Market Capitalization 1.24B 97% A+ 82% B-

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 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.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

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:
High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.