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 7 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%	144.00M	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
XCLN.TO	iShares Global Clean Energy Index ETF	0.35%	—	Apr 2022	ZEO.TO vs XCLN.TO
ZCLN.TO	BMO Clean Energy Index ETF	0.39%	—	Jan 2021	ZEO.TO vs ZCLN.TO
HCLN.TO	Harvest Clean Energy ETF	0.40%	19.79M	Jan 2021	ZEO.TO vs HCLN.TO

Best Risk-Adjusted Alternatives to ZEO.TO

ZEO.TO has a PortfoliosLab risk / return rank of 92. There is 1 ETF in the Energy Equities category with a higher risk-adjusted rank, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	93	294.44M	Nov 2024	ZEO.TO vs NRGY.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	92	784.46M	Apr 2011	ZEO.TO vs ENCC.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	92	295.63M	Oct 2023	ZEO.TO vs ENCL.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	90	—	Jul 2014	ZEO.TO vs PPLN.TO
ZWEN.TO	BMO Covered Call Energy ETF	88	132.94M	Jan 2023	ZEO.TO vs ZWEN.TO

Top Performing ZEO.TO Alternatives (YTD)

ZEO.TO is at 40.57% YTD. There are 4 ETFs in the Energy Equities category with higher YTD returns, going as high as 46.03%.

Symbol	Name	YTD Return	AUM	Inception
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	46.03%	144.00M	Sep 2013	ZEO.TO vs HXE.TO
NNRG.NEO	Ninepoint Energy ETF	44.55%	1.38B	May 2021	ZEO.TO vs NNRG.NEO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	42.08%	2.32B	Mar 2001	ZEO.TO vs XEG.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	40.65%	294.44M	Nov 2024	ZEO.TO vs NRGY.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	39.90%	295.63M	Oct 2023	ZEO.TO vs ENCL.TO

Lowest Volatility Alternatives to ZEO.TO

ZEO.TO has 18.18% 1-year volatility. There are 4 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 15.41%.

Symbol	Name	Volatility 1Y	AUM	Inception
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	15.41%	784.46M	Apr 2011	ZEO.TO vs ENCC.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	15.60%	—	Jul 2014	ZEO.TO vs PPLN.TO
CIF.TO	iShares Global Infrastructure Index ETF	16.03%	1.59B	Aug 2008	ZEO.TO vs CIF.TO
ZWEN.TO	BMO Covered Call Energy ETF	17.20%	132.94M	Jan 2023	ZEO.TO vs ZWEN.TO
ENBE.TO	Harvest Enbridge Enhanced High Income Shares ETF	18.34%	—	Aug 2025	ZEO.TO vs ENBE.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%	784.46M	Apr 2011	ZEO.TO vs ENCC.TO
CIF.TO	iShares Global Infrastructure Index ETF	-9.49%	1.59B	Aug 2008	ZEO.TO vs CIF.TO
ZWEN.TO	BMO Covered Call Energy ETF	-9.50%	132.94M	Jan 2023	ZEO.TO vs ZWEN.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	-10.16%	294.44M	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 9 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	1.38%	5.83B	Nov 2021	ZEO.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	83	16.41%	24.00B	Nov 2012	ZEO.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	86	16.71%	924.58M	Jan 2022	ZEO.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	32.74%	7.10B	Oct 2009	ZEO.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	91	14.28%	17.51B	May 2009	ZEO.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	41	16.30%	2.90B	Jan 2010	ZEO.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	64	20.89%	2.26B	Feb 2019	ZEO.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities, Low Volatility	55	8.36%	6.27B	Oct 2011	ZEO.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	27	1.31%	13.09B	Jan 2010	ZEO.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	23.19%	1.91B	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 19 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	69	32.69%	38.64B	Dec 1998	ZEO.TO vs XLE
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	83	16.57%	34.09B	Nov 2012	ZEO.TO vs VFV.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	93	14.83%	5.48B	Sep 2010	ZEO.TO vs HXT.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	Energy Equities	82	36.54%	—	Mar 2025	ZEO.TO vs OILY.TO
VOO	Vanguard S&P 500 ETF	S&P 500	72	13.74%	1.70T	Sep 2010	ZEO.TO vs VOO
SHLD.TO	Global X Defence Tech Index ETF	Aerospace & Defense	15	-0.04%	—	Apr 2025	ZEO.TO vs SHLD.TO
SPY	State Street SPDR S&P 500 ETF	S&P 500	72	13.71%	789.06B	Jan 1993	ZEO.TO vs SPY
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	Gold, Precious Metals	33	-4.17%	—	Mar 2024	ZEO.TO vs ZGLD.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	78	32.75%	538.30M	Feb 2024	ZEO.TO vs EMAX.TO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	Energy Equities, Derivative Income, Options Trading, Actively Managed	66	34.00%	140.96M	Feb 2015	ZEO.TO vs NXF.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	97	28.33%	4.77B	Jan 2011	ZEO.TO vs ZWB.TO
ZMT.TO	BMO S&P/TSX Equal Weight Global Base Metals (CAD H...	Materials, Equal Weight	60	13.98%	76.94M	Oct 2009	ZEO.TO vs ZMT.TO
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	Materials, Metals	67	13.75%	575.81M	Apr 2011	ZEO.TO vs XBM.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Quality Factor, Large Cap Blend Equities	60	15.81%	1.29B	Nov 2014	ZEO.TO vs ZUQ.TO
ZEM.TO	BMO MSCI Emerging Markets Index ETF	Emerging Markets Equities	61	19.92%	3.37B	Oct 2009	ZEO.TO vs ZEM.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	27.19%	4.38B	Apr 2011	ZEO.TO vs XEI.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	Foreign Large Cap Equities, Dividend	91	20.77%	2.00B	Aug 2018	ZEO.TO vs VIDY.TO
ZRE.TO	BMO Equal Weight REITs Index ETF	REIT, Equal Weight	55	14.14%	647.31M	May 2010	ZEO.TO vs ZRE.TO
SU.TO	Suncor Energy Inc.		95	56.76%	—	—	ZEO.TO vs SU.TO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	95	25.44%	104.16B	Oct 2011	ZEO.TO vs SCHD

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