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TSE:ZWS

BMO US Hi Div Cov Call Hdgd to CAD ETF (ZWS.TO)

22.00
+0.02 (0.09%)
as of Aug 24, 2026, 7:39:57 pm Market Open.
14 watching
0
Investor Insights
star iconAug 24, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

The BMO US Hi Div Cov Call Hdgd to CAD ETF (ZWS-T) is viewed favorably by experts for its dividend-paying capabilities and the addition of a covered call strategy, which can enhance returns, especially during uncertain market conditions. It provides exposure to a broad array of U.S. stocks, making it a notable option for Canadian investors looking to diversify. However, there's a warning regarding the tax implications for Canadians, as holding U.S. ETFs can lead to unfavorable tax treatment. While it boasts a management expense ratio (MER) of 0.71%, it's essential for potential investors to consider the account type they will use to hold this ETF due to potential tax consequences. Overall, ZWS is praised for its strategy and market exposure, especially for those looking for defensive investment options.

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Consensus
Positive
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Valuation
Fair Value
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TOP PICK

Dividend-paying stocks tend to do well over long time horizons, and this adds the covered call. Good one if you're still nervous about the markets here. Distribution comes from dividends and covered calls. Not a tax-preferred dividend, but taps into the vast breadth of the US market. MER is 0.71%. 

BUY
US ETF

Note that as a Canadian, you receive the worst tax treatment. Consder which account you will hold this in. He loves the idea of foreign stock with a covered call overlay. He likes ZWS. 

BUY

BMO has the biggest suite of covered call strategies around the world. For US high-dividend covered-call strategies, ZWS or ZWH are really good (one hedged, one not).

DON'T BUY

Do you recommend ZWS as a hedged covered call or prefer something else, and would you hold it at the only US equity in a portfolio? To answer the latter, no. And he prefers SPY-N as your core holding; it pays you yield and cash flow, becuase it holds high-dividend stocks and sells covered calls against them. Also, US dividends are taxed in Canada and don't benefit from the dividend tax credit.

WEAK BUY
ZWA-T vs. ZWS-T. ZWA-T is the Dow 30 with a covered call overlay. ZWS-T is a broader ETF with 50 holdings, much more diversified and just the DOW index and it also has a covered call overlay. He would prefer ZWS-T. He is looking at buying a lot more of this one.
COMMENT

Contains many good companies including utilities and consumer staples. Just collect the dividend, though you don't need the covered call portion on this. Look for a BMO ETF that's unhedged without the covered call aspect, instead.

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BMO US Hi Div Cov Call Hdgd to CAD ETF (ZWS.TO) Frequently Asked Questions

What is BMO US Hi Div Cov Call Hdgd to CAD ETF stock symbol?

BMO US Hi Div Cov Call Hdgd to CAD ETF is a Canadian stock, trading under the symbol ZWS.TO (previously ZWS-T on Stockchase) on the Toronto Stock Exchange (ZWS-CT). It is usually referred to as TSX:ZWS or ZWS.TO

Is BMO US Hi Div Cov Call Hdgd to CAD ETF a buy or a sell?

In the last year, 2 stock analysts issued a Buy, Sell, or Hold rating on ZWS.TO (previously ZWS-T on Stockchase). 2 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is TOP PICK. Read the latest stock experts' ratings for BMO US Hi Div Cov Call Hdgd to CAD ETF.

Is BMO US Hi Div Cov Call Hdgd to CAD ETF a good investment or a top pick?

BMO US Hi Div Cov Call Hdgd to CAD ETF was recommended as a Top Pick by Richard Orrell on 2026-08-14. Read the latest stock experts ratings for BMO US Hi Div Cov Call Hdgd to CAD ETF.

Why is BMO US Hi Div Cov Call Hdgd to CAD ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for BMO US Hi Div Cov Call Hdgd to CAD ETF.

Is BMO US Hi Div Cov Call Hdgd to CAD ETF worth watching?

BMO US Hi Div Cov Call Hdgd to CAD ETF is followed by 14 investors on Stockchase and is a trending stock that is worth watching.

What is BMO US Hi Div Cov Call Hdgd to CAD ETF stock price?

On 2026-08-24, BMO US Hi Div Cov Call Hdgd to CAD ETF (ZWS.TO) stock closed at a price of $22.00.