TSE:ZWS

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

22.53
-0.01 (0.04%)
as of Jun 4, 2026, 5:18:59 pm Market Open.
11 watching
0
Investor Insights
star iconJun 3, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

The BMO US Hi Div Cov Call Hdgd to CAD ETF (ZWS-T) has garnered attention for its unique approach in offering access to foreign stocks with a covered call overlay. While it is considered a top choice among US ETFs, experts have cautioned Canadian investors about the potential for unfavorable tax treatment associated with holding this asset. This consideration can significantly impact the overall returns when evaluated within the context of the Canadian taxation framework. Despite these concerns, there remains a robust interest in the product due to its appealing investment strategy and the diversification it offers. Investors are advised to assess the account type they will utilize for this ETF to ensure optimal taxation and returns, making thoughtful decisions based on personal financial circumstances.

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Consensus
Positive
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Valuation
Fair Value
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Similar
VIG, VIG
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, 1 stock analyst published opinions about ZWS.TO (previously ZWS-T on Stockchase). 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 never recommended as a Top Pick on Stockchase. 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 help on deciding if you should buy, sell or hold the stock.

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

1 stock analyst on Stockchase covered BMO US Hi Div Cov Call Hdgd to CAD ETF in the last year. It is a trending stock that is worth watching.

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

On 2026-06-04, BMO US Hi Div Cov Call Hdgd to CAD ETF (ZWS.TO) stock closed at a price of $22.53.