ZEO.TO Alternatives & Similar ETFs

BMO Equal Weight Oil & Gas Index ETF (ZEO.TO) belongs to the Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZEO.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZEO.TO

ZEO.TO charges 0.60% annually. There are 3 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.27%.

Symbol	Name	Expense Ratio	AUM	Inception
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	0.27%	125.85M	Sep 2013	ZEO.TO vs HXE.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	0.31%	—	Jul 2014	ZEO.TO vs PPLN.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	0.49%	261.16M	Nov 2024	ZEO.TO vs NRGY.TO
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	0.60%	595.84M	Apr 2011	ZEO.TO vs XBM.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	0.60%	2.38B	Mar 2001	ZEO.TO vs XEG.TO

Best Risk-Adjusted Alternatives to ZEO.TO

ZEO.TO has a PortfoliosLab risk / return rank of 89. There are 2 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 91.

Symbol	Name	Risk / Return Rank	AUM	Inception
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	91	—	Jul 2014	ZEO.TO vs PPLN.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	91	261.16M	Nov 2024	ZEO.TO vs NRGY.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	89	714.60M	Apr 2011	ZEO.TO vs ENCC.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	88	271.10M	Oct 2023	ZEO.TO vs ENCL.TO
CIF.TO	iShares Global Infrastructure Index ETF	82	1.60B	Aug 2008	ZEO.TO vs CIF.TO

Top Performing ZEO.TO Alternatives (YTD)

ZEO.TO is at 35.88% YTD. There are 2 ETFs in the Energy Equities category with higher YTD returns, going as high as 38.48%.

Symbol	Name	YTD Return	AUM	Inception
NNRG.NEO	Ninepoint Energy ETF	38.48%	1.38B	May 2021	ZEO.TO vs NNRG.NEO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	35.97%	261.16M	Nov 2024	ZEO.TO vs NRGY.TO
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	35.84%	125.85M	Sep 2013	ZEO.TO vs HXE.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	35.66%	2.38B	Mar 2001	ZEO.TO vs XEG.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	35.01%	271.10M	Oct 2023	ZEO.TO vs ENCL.TO

Lowest Volatility Alternatives to ZEO.TO

ZEO.TO has 17.85% 1-year volatility. There are 4 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 15.13%.

Symbol	Name	Volatility 1Y	AUM	Inception
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	15.13%	714.60M	Apr 2011	ZEO.TO vs ENCC.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	15.26%	—	Jul 2014	ZEO.TO vs PPLN.TO
CIF.TO	iShares Global Infrastructure Index ETF	15.67%	1.60B	Aug 2008	ZEO.TO vs CIF.TO
ZWEN.TO	BMO Covered Call Energy ETF	17.24%	130.82M	Jan 2023	ZEO.TO vs ZWEN.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	18.23%	261.16M	Nov 2024	ZEO.TO vs NRGY.TO

Lowest Drawdown Alternatives to ZEO.TO

ZEO.TO has a 1-year max drawdown of -9.88%. There are 3 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -8.48%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	-8.48%	714.60M	Apr 2011	ZEO.TO vs ENCC.TO
CIF.TO	iShares Global Infrastructure Index ETF	-9.49%	1.60B	Aug 2008	ZEO.TO vs CIF.TO
ZWEN.TO	BMO Covered Call Energy ETF	-9.50%	130.82M	Jan 2023	ZEO.TO vs ZWEN.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	-10.16%	261.16M	Nov 2024	ZEO.TO vs NRGY.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	-10.22%	—	Jul 2014	ZEO.TO vs PPLN.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 8 categories. AUM among these funds goes as high as $24B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	99	1.25%	5.77B	Nov 2021	ZEO.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	77	13.48%	24.35B	Nov 2012	ZEO.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	82	14.20%	895.11M	Jan 2022	ZEO.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	34.83%	7.20B	Oct 2009	ZEO.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.66%	17.34B	May 2009	ZEO.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	39	15.76%	3.09B	Jan 2010	ZEO.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	20.26%	2.35B	Feb 2019	ZEO.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	49	7.40%	6.24B	Oct 2011	ZEO.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	27	1.02%	13.13B	Jan 2010	ZEO.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	21.69%	1.86B	Oct 2011	ZEO.TO vs ZDV.TO

Often Compared With ZEO.TO

Investors most often compare ZEO.TO with XLE, VFV.TO, HXT.TO. These 20 comparison targets span 17 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XLE	State Street Energy Select Sector SPDR ETF	Energy Equities	54	29.13%	36.33B	Dec 1998	ZEO.TO vs XLE
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	78	13.57%	34.09B	Nov 2012	ZEO.TO vs VFV.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	92	13.41%	5.40B	Sep 2010	ZEO.TO vs HXT.TO
VOO	Vanguard S&P 500 ETF	S&P 500	67	10.87%	1.70T	Sep 2010	ZEO.TO vs VOO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	Energy Equities	72	31.00%	—	Mar 2025	ZEO.TO vs OILY.TO
SHLD.TO	Global X Defence Tech Index ETF	Aerospace & Defense	10	-4.38%	—	Apr 2025	ZEO.TO vs SHLD.TO
SPY	State Street SPDR S&P 500 ETF	S&P 500	66	10.84%	783.21B	Jan 1993	ZEO.TO vs SPY
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	Gold, Precious Metals	29	-3.70%	—	Mar 2024	ZEO.TO vs ZGLD.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	64	27.45%	494.30M	Feb 2024	ZEO.TO vs EMAX.TO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	Energy Equities, Derivative Income	47	24.59%	127.47M	Feb 2015	ZEO.TO vs NXF.TO
ZMT.TO	BMO S&P/TSX Equal Weight Global Base Metals (CAD H...	Materials, Equal Weight	55	19.77%	79.93M	Oct 2009	ZEO.TO vs ZMT.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	98	30.20%	4.84B	Jan 2011	ZEO.TO vs ZWB.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	53	13.16%	1.32B	Nov 2014	ZEO.TO vs ZUQ.TO
ZEM.TO	BMO MSCI Emerging Markets Index ETF	Emerging Markets Equities	73	23.27%	3.45B	Oct 2009	ZEO.TO vs ZEM.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	26.33%	4.25B	Apr 2011	ZEO.TO vs XEI.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	Foreign Large Cap Equities, Dividend	85	16.04%	2.00B	Aug 2018	ZEO.TO vs VIDY.TO
ZRE.TO	BMO Equal Weight REITs Index ETF	REIT, Equal Weight	41	14.52%	652.08M	May 2010	ZEO.TO vs ZRE.TO
SU.TO	Suncor Energy Inc.		92	43.04%	—	—	ZEO.TO vs SU.TO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	83	19.32%	98.55B	Oct 2011	ZEO.TO vs SCHD
VTV	Vanguard Value ETF	Large Cap Value Equities	89	15.66%	245.00B	Jan 2004	ZEO.TO vs VTV

Compare ZEO.TO with Any Fund or Stock

Compare ZEO.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ZEO.TO with funds that move differently

BMO Equal Weight Oil & Gas Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZEO.TO.

Explore ZEO.TO Diversifiers

BMO Equal Weight Oil & Gas Index ETF (ZEO.TO) Alternatives