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%	126.54M	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%	257.58M	Nov 2024	ZEO.TO vs NRGY.TO
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	0.60%	661.86M	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 80. There are 3 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 87.

Symbol	Name	Risk / Return Rank	AUM	Inception
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	87	—	Jul 2014	ZEO.TO vs PPLN.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	83	257.58M	Nov 2024	ZEO.TO vs NRGY.TO
CIF.TO	iShares Global Infrastructure Index ETF	80	1.57B	Aug 2008	ZEO.TO vs CIF.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	78	708.27M	Apr 2011	ZEO.TO vs ENCC.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	77	267.19M	Oct 2023	ZEO.TO vs ENCL.TO

Top Performing ZEO.TO Alternatives (YTD)

ZEO.TO is at 29.41% YTD. There are 2 ETFs in the Energy Equities category with higher YTD returns, going as high as 31.42%.

Symbol	Name	YTD Return	AUM	Inception
NNRG.NEO	Ninepoint Energy ETF	31.42%	1.38B	May 2021	ZEO.TO vs NNRG.NEO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	30.67%	—	Jul 2014	ZEO.TO vs PPLN.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	29.38%	257.58M	Nov 2024	ZEO.TO vs NRGY.TO
CIF.TO	iShares Global Infrastructure Index ETF	28.27%	1.57B	Aug 2008	ZEO.TO vs CIF.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	27.83%	267.19M	Oct 2023	ZEO.TO vs ENCL.TO

Lowest Volatility Alternatives to ZEO.TO

ZEO.TO has 17.34% 1-year volatility. There are 4 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 14.58%.

Symbol	Name	Volatility 1Y	AUM	Inception
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	14.58%	708.27M	Apr 2011	ZEO.TO vs ENCC.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	14.77%	—	Jul 2014	ZEO.TO vs PPLN.TO
CIF.TO	iShares Global Infrastructure Index ETF	15.62%	1.57B	Aug 2008	ZEO.TO vs CIF.TO
ZWEN.TO	BMO Covered Call Energy ETF	17.07%	128.30M	Jan 2023	ZEO.TO vs ZWEN.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	17.46%	257.58M	Nov 2024	ZEO.TO vs NRGY.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%	708.27M	Apr 2011	ZEO.TO vs ENCC.TO
CIF.TO	iShares Global Infrastructure Index ETF	-9.49%	1.57B	Aug 2008	ZEO.TO vs CIF.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	-9.49%	257.58M	Nov 2024	ZEO.TO vs NRGY.TO
ZWEN.TO	BMO Covered Call Energy ETF	-9.50%	128.30M	Jan 2023	ZEO.TO vs ZWEN.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	1.11%	5.68B	Nov 2021	ZEO.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	73	11.92%	24.23B	Nov 2012	ZEO.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	80	13.34%	846.16M	Jan 2022	ZEO.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	30.07%	6.15B	Oct 2009	ZEO.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	83	10.54%	16.91B	May 2009	ZEO.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	39	14.23%	3.24B	Jan 2010	ZEO.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	68	20.05%	2.39B	Feb 2019	ZEO.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	51	7.81%	6.18B	Oct 2011	ZEO.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	24	2.21%	12.97B	Jan 2010	ZEO.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	19.41%	1.83B	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	44	21.47%	36.84B	Dec 1998	ZEO.TO vs XLE
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	74	11.92%	32.85B	Nov 2012	ZEO.TO vs VFV.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	88	11.25%	5.30B	Sep 2010	ZEO.TO vs HXT.TO
VOO	Vanguard S&P 500 ETF	S&P 500	60	8.08%	1.70T	Sep 2010	ZEO.TO vs VOO
SHLD.TO	Global X Defence Tech Index ETF	Aerospace & Defense	12	-5.86%	—	Apr 2025	ZEO.TO vs SHLD.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	Energy Equities	61	24.06%	—	Mar 2025	ZEO.TO vs OILY.TO
SPY	State Street SPDR S&P 500 ETF	S&P 500	60	8.10%	765.27B	Jan 1993	ZEO.TO vs SPY
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	Gold, Precious Metals	26	-4.14%	—	Mar 2024	ZEO.TO vs ZGLD.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	97	25.65%	4.65B	Jan 2011	ZEO.TO vs ZWB.TO
ZMT.TO	BMO S&P/TSX Equal Weight Global Base Metals (CAD H...	Materials, Equal Weight	60	18.67%	84.38M	Oct 2009	ZEO.TO vs ZMT.TO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	Energy Equities, Derivative Income	39	17.04%	116.28M	Feb 2015	ZEO.TO vs NXF.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	53	20.41%	467.50M	Feb 2024	ZEO.TO vs EMAX.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	47	10.92%	1.30B	Nov 2014	ZEO.TO vs ZUQ.TO
ZEM.TO	BMO MSCI Emerging Markets Index ETF	Emerging Markets Equities	78	28.44%	3.56B	Oct 2009	ZEO.TO vs ZEM.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	97	23.00%	4.13B	Apr 2011	ZEO.TO vs XEI.TO
ZRE.TO	BMO Equal Weight REITs Index ETF	REIT, Equal Weight	41	12.86%	645.17M	May 2010	ZEO.TO vs ZRE.TO
SU.TO	Suncor Energy Inc.		87	29.13%	—	—	ZEO.TO vs SU.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	Foreign Large Cap Equities, Dividend	75	13.09%	1.90B	Aug 2018	ZEO.TO vs VIDY.TO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	77	16.62%	99.95B	Oct 2011	ZEO.TO vs SCHD
VTV	Vanguard Value ETF	Large Cap Value Equities	86	14.56%	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