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Investment Q&A

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BMO Covered Call Utilities ETF (ZWU $11.20)
- $11.20 P/E (TTM): 47.01X Cap: $1.86B
- View ZWU Profile
- View Questions on ZWU
BMO Canadian High Dividend Covered Call ETF (ZWC $18.81)
- $18.81 P/E (TTM): 27.37X Cap: $1.77B
- View ZWC Profile
- View Questions on ZWC
Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV $18.35)
- $18.35 P/E (TTM): 34.21X Cap: $766M
- View HDIV Profile
- View Questions on HDIV
Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.57)
- $13.57 P/E (TTM): 65.3X Cap: $811M
- View UMAX Profile
- View Questions on UMAX

Q: Hi, what is your preference in order of these ETFs UMAX, ZWU, ZWC or is there other covered calls that you prefer. Please place in preference order. Also in which account type would each be best suited for including your picks.
Thank you

Asked by Di on July 02, 2025

5i Research Answer:

Our order would be: ZWC (non-reg), UMAX (non-reg or RRSP), ZWU (non-reg or RRSP). HDIV is also interesting, but note it uses 25% leverage so the use of leverage needs to be fully understood.

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ZWU.

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