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

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to ZEO.TO

ZEO.TO charges 0.60% annually. Among ETFs in the Energy Equities category, these options have the lowest expense ratios among ZEO.TO alternatives.

Symbol	Name	Expense Ratio	Inception
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	0.27%	Sep 16, 2013	ZEO.TO vs HXE.TO
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	0.60%	Apr 12, 2011	ZEO.TO vs XBM.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	0.60%	Mar 26, 2025	ZEO.TO vs OILY.TO
ZMT.TO	BMO S&P/TSX Equal Weight Global Base Metals (CAD H...	0.61%	Oct 20, 2009	ZEO.TO vs ZMT.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	0.61%	Mar 19, 2001	ZEO.TO vs XEG.TO

Best Risk-Adjusted Alternatives to ZEO.TO

Among ETFs in the Energy Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	92	Mar 19, 2001	ZEO.TO vs XEG.TO
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	91	Sep 16, 2013	ZEO.TO vs HXE.TO
ZMT.TO	BMO S&P/TSX Equal Weight Global Base Metals (CAD H...	91	Oct 20, 2009	ZEO.TO vs ZMT.TO
CIF.TO	iShares Global Infrastructure Index ETF	91	Aug 27, 2008	ZEO.TO vs CIF.TO
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	90	Apr 12, 2011	ZEO.TO vs XBM.TO

Top Performing ZEO.TO Alternatives (YTD)

ZEO.TO alternatives from the Energy Equities category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	41.93%	Mar 19, 2001	ZEO.TO vs XEG.TO
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	41.53%	Sep 16, 2013	ZEO.TO vs HXE.TO
NNRG.NEO	Ninepoint Energy ETF	37.70%	May 11, 2021	ZEO.TO vs NNRG.NEO
ZWEN.TO	BMO Covered Call Energy ETF	31.77%	Jan 23, 2023	ZEO.TO vs ZWEN.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	31.32%	Feb 6, 2024	ZEO.TO vs EMAX.TO

Lowest Volatility Alternatives to ZEO.TO

ZEO.TO alternatives from the Energy Equities category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	17.36%	Apr 11, 2011	ZEO.TO vs ENCC.TO
CIF.TO	iShares Global Infrastructure Index ETF	17.49%	Aug 27, 2008	ZEO.TO vs CIF.TO
ZWEN.TO	BMO Covered Call Energy ETF	21.06%	Jan 23, 2023	ZEO.TO vs ZWEN.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	24.63%	Mar 26, 2025	ZEO.TO vs OILY.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	25.99%	Mar 19, 2001	ZEO.TO vs XEG.TO

Lowest Drawdown Alternatives to ZEO.TO

ZEO.TO alternatives from the Energy Equities category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
CIF.TO	iShares Global Infrastructure Index ETF	-11.10%	Aug 27, 2008	ZEO.TO vs CIF.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	-16.61%	Apr 11, 2011	ZEO.TO vs ENCC.TO
ZWEN.TO	BMO Covered Call Energy ETF	-18.75%	Jan 23, 2023	ZEO.TO vs ZWEN.TO
NNRG.NEO	Ninepoint Energy ETF	-20.22%	May 11, 2021	ZEO.TO vs NNRG.NEO
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	-20.40%	Sep 16, 2013	ZEO.TO vs HXE.TO

Other ETFs from BMO

Most popular BMO ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	100	0.57%	Nov 28, 2021	ZEO.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	47	-3.17%	Nov 14, 2012	ZEO.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	0.41%	Jan 24, 2022	ZEO.TO vs ZEQT.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	94	3.87%	May 29, 2009	ZEO.TO vs ZCN.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	98	1.92%	Oct 19, 2009	ZEO.TO vs ZEB.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Large Cap Growth Equities	62	-6.55%	Jan 19, 2010	ZEO.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Large Cap Blend Equities	54	-4.69%	Feb 11, 2019	ZEO.TO vs ZNQ.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	16	0.04%	Jan 19, 2010	ZEO.TO vs ZAG.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	82	1.42%	Oct 21, 2011	ZEO.TO vs ZLB.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	26	-2.48%	Nov 4, 2014	ZEO.TO vs ZUQ.TO

Often Compared With ZEO.TO

What investors most often compare with ZEO.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	Commodity Producers Equities	90	30.90%	Nov 6, 2024	ZEO.TO vs NRGY.TO
XLE	State Street Energy Select Sector SPDR ETF	Energy Equities	73	37.91%	Dec 16, 1998	ZEO.TO vs XLE
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	ZEO.TO vs VOO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	93	2.91%	Sep 14, 2010	ZEO.TO vs HXT.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	48	-3.12%	Nov 2, 2012	ZEO.TO vs VFV.TO
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	ZEO.TO vs SPY
SHLD.TO	Global X Defence Tech Index ETF	Aerospace & Defense	—	11.06%	Apr 21, 2025	ZEO.TO vs SHLD.TO
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	Gold	86	10.24%	Mar 8, 2024	ZEO.TO vs ZGLD.TO
SU.TO	Suncor Energy Inc.		93	52.63%	—	ZEO.TO vs SU.TO
CNQ.TO	Canadian Natural Resources Limited		88	47.29%	—	ZEO.TO vs CNQ.TO

Compare ZEO.TO with Any Fund or Stock

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

Symbol name

BMO Equal Weight Oil & Gas Index ETF

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