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BMO Covered Call Canadian Banks ETF (ZWB $25.67)
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BMO Covered Call Utilities ETF (ZWU $12.16)
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Hamilton Enhanced Canadian Covered Call ETF (HDIV $21.38)
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Harvest Diversified Monthly Income ETF (HDIF $8.49)
Q: Looking to add etfs that pay monthly dividends. How would you rate this with best to worst and the risk.
5i Research Answer:
They are all a bit different in their own ways so comparisons aree tough with some being more broadly diversified and others being more sector focused. We might rank as ZWB, ZWU, HDIF and HDIV, but all are really fine in our view. We like ZWB and ZWU for being well entrenched and stable sector focused ETFs, in more defensive sectors while offering a bit of an outsized yield. HDIF is well diversified through a fund of funds strategy. HDIF utilizes leverage so we would rank it as a bit higher risk.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ZWB, ZWU.