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 2 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%	136.64M	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
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	0.60%	658.13M	Apr 2011	ZEO.TO vs XBM.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	0.60%	—	Mar 2025	ZEO.TO vs OILY.TO
ZMT.TO	BMO S&P/TSX Equal Weight Global Base Metals (CAD H...	0.61%	85.01M	Oct 2009	ZEO.TO vs ZMT.TO

Best Risk-Adjusted Alternatives to ZEO.TO

ZEO.TO has a PortfoliosLab risk / return rank of 86. There is 1 ETF in the Energy Equities category with a higher risk-adjusted rank, going as high as 86.

Symbol	Name	Risk / Return Rank	AUM	Inception
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	86	136.64M	Sep 2013	ZEO.TO vs HXE.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	86	2.28B	Mar 2001	ZEO.TO vs XEG.TO
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	85	658.13M	Apr 2011	ZEO.TO vs XBM.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	85	759.08M	Apr 2011	ZEO.TO vs ENCC.TO
NNRG.NEO	Ninepoint Energy ETF	79	1.38B	May 2021	ZEO.TO vs NNRG.NEO

Top Performing ZEO.TO Alternatives (YTD)

ZEO.TO is at 37.72% YTD. There are 5 ETFs in the Energy Equities category with higher YTD returns, going as high as 45.59%.

Symbol	Name	YTD Return	AUM	Inception
NNRG.NEO	Ninepoint Energy ETF	45.59%	1.38B	May 2021	ZEO.TO vs NNRG.NEO
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	44.48%	136.64M	Sep 2013	ZEO.TO vs HXE.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	44.34%	2.28B	Mar 2001	ZEO.TO vs XEG.TO
ZMT.TO	BMO S&P/TSX Equal Weight Global Base Metals (CAD H...	39.44%	85.01M	Oct 2009	ZEO.TO vs ZMT.TO
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	38.48%	658.13M	Apr 2011	ZEO.TO vs XBM.TO

Lowest Volatility Alternatives to ZEO.TO

ZEO.TO has 16.92% 1-year volatility. There are 4 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 14.08%.

Symbol	Name	Volatility 1Y	AUM	Inception
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	14.08%	759.08M	Apr 2011	ZEO.TO vs ENCC.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	14.40%	—	Jul 2014	ZEO.TO vs PPLN.TO
CIF.TO	iShares Global Infrastructure Index ETF	15.23%	1.44B	Aug 2008	ZEO.TO vs CIF.TO
ZWEN.TO	BMO Covered Call Energy ETF	16.69%	133.70M	Jan 2023	ZEO.TO vs ZWEN.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	19.34%	—	Mar 2025	ZEO.TO vs OILY.TO

Lowest Drawdown Alternatives to ZEO.TO

ZEO.TO has a 1-year max drawdown of -9.54%. There are 4 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%	759.08M	Apr 2011	ZEO.TO vs ENCC.TO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	-9.41%	116.31M	Feb 2015	ZEO.TO vs NXF.TO
ZWEN.TO	BMO Covered Call Energy ETF	-9.50%	133.70M	Jan 2023	ZEO.TO vs ZWEN.TO
CIF.TO	iShares Global Infrastructure Index ETF	-9.50%	1.44B	Aug 2008	ZEO.TO vs CIF.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 7 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	100	0.95%	5.70B	Nov 2021	ZEO.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZEO.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZEO.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZEO.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZEO.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZEO.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZEO.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZEO.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZEO.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZEO.TO vs ZDV.TO

Often Compared With ZEO.TO

Investors most often compare ZEO.TO with NRGY.TO, XLE, VFV.TO. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	Commodity Producers Equities	89	38.06%	284.45M	Nov 2024	ZEO.TO vs NRGY.TO
XLE	State Street Energy Select Sector SPDR ETF	Energy Equities	63	32.17%	38.95B	Dec 1998	ZEO.TO vs XLE
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	74	12.30%	32.85B	Nov 2012	ZEO.TO vs VFV.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	81	10.03%	5.16B	Sep 2010	ZEO.TO vs HXT.TO
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	ZEO.TO vs VOO
SHLD.TO	Global X Defence Tech Index ETF	Aerospace & Defense	15	-1.13%	—	Apr 2025	ZEO.TO vs SHLD.TO
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	ZEO.TO vs SPY
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	Gold	36	4.35%	—	Mar 2024	ZEO.TO vs ZGLD.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities	95	16.23%	4.34B	Jan 2024	ZEO.TO vs ZWB.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	70	30.76%	476.70M	Feb 2024	ZEO.TO vs EMAX.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZEO.TO vs ZUQ.TO
ZEM.TO	BMO MSCI Emerging Markets Index ETF	Emerging Markets Equities	85	29.19%	3.50B	Oct 2009	ZEO.TO vs ZEM.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	22.21%	4.02B	Apr 2011	ZEO.TO vs XEI.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	Foreign Large Cap Equities, Dividend	59	10.45%	1.90B	Aug 2018	ZEO.TO vs VIDY.TO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	80	19.01%	94.95B	Oct 2011	ZEO.TO vs SCHD
ZRE.TO	BMO Equal Weight REITs Index ETF	REIT	29	9.53%	628.51M	May 2010	ZEO.TO vs ZRE.TO
VTV	Vanguard Value ETF	Large Cap Value Equities	79	12.30%	238.00B	Jan 2004	ZEO.TO vs VTV
CNQ.TO	Canadian Natural Resources Limited		86	44.04%	—	—	ZEO.TO vs CNQ.TO
SU.TO	Suncor Energy Inc.		96	51.22%	—	—	ZEO.TO vs SU.TO
SPMO	Invesco S&P 500 Momentum ETF	Momentum, S&P 500	75	30.35%	19.93B	Oct 2015	ZEO.TO vs SPMO

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