PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

BMO MSCI Europe High Quality Hedged to CAD Index ETF (ZEQ.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 1, 2026

The ETF seeks to replicate, to the extent possible, the performance of the MSCI Europe Quality 100% Hedged to CAD Index, net of expenses. The Index is a factor-based European equity index that screens for quality companies based on three main fundamental variables: high return on equity, stable year-over-year earnings growth, and low financial leverage.

BMO MSCI Europe High Quality Hedged to CAD Index ETF (ZEQ.TO) belongs to the Europe Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZEQ.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZEQ.TO

ZEQ.TO charges 0.45% annually. There are 4 ETFs in the Europe Equities category with lower expense ratios, going as low as 0.19%.

SymbolNameExpense RatioAUMInception
HXX.TO
Global X Europe 50 Index Corporate Class ETF0.19%208.62MDec 2016ZEQ.TO vs HXX.TO
VE.TO
Vanguard FTSE Developed Europe All Cap Index ETF0.22%649.53MJun 2014ZEQ.TO vs VE.TO
XEU.TO
iShares MSCI Europe IMI Index ETF0.28%675.51MApr 2014ZEQ.TO vs XEU.TO
XEH.TO
iShares MSCI Europe IMI Index ETF (CAD-Hedged)0.28%286.25MApr 2014ZEQ.TO vs XEH.TO
ZWP.TO
BMO Covered Call Europe High Dividend ETF0.65%1.08BMar 2018ZEQ.TO vs ZWP.TO

Best Risk-Adjusted Alternatives to ZEQ.TO

ZEQ.TO has a PortfoliosLab risk / return rank of 27. There are 6 ETFs in the Europe Equities category with higher risk-adjusted ranks, going as high as 54.

SymbolNameRisk / Return RankAUMInception
XEH.TO
iShares MSCI Europe IMI Index ETF (CAD-Hedged)
54
286.25MApr 2014ZEQ.TO vs XEH.TO
XEU.TO
iShares MSCI Europe IMI Index ETF
49
675.51MApr 2014ZEQ.TO vs XEU.TO
VE.TO
Vanguard FTSE Developed Europe All Cap Index ETF
46
649.53MJun 2014ZEQ.TO vs VE.TO
EHE.TO
CI Europe Hedged Equity Index ETF
40
2.96MAug 2017ZEQ.TO vs EHE.TO
ZWP.TO
BMO Covered Call Europe High Dividend ETF
40
1.08BMar 2018ZEQ.TO vs ZWP.TO

Top Performing ZEQ.TO Alternatives (YTD)

ZEQ.TO is at 7.34% YTD. There are 5 ETFs in the Europe Equities category with higher YTD returns, going as high as 11.70%.

SymbolNameYTD ReturnAUMInception
HXX.TO
Global X Europe 50 Index Corporate Class ETF
11.70%
208.62MDec 2016ZEQ.TO vs HXX.TO
XEU.TO
iShares MSCI Europe IMI Index ETF
11.48%
675.51MApr 2014ZEQ.TO vs XEU.TO
VE.TO
Vanguard FTSE Developed Europe All Cap Index ETF
11.23%
649.53MJun 2014ZEQ.TO vs VE.TO
XEH.TO
iShares MSCI Europe IMI Index ETF (CAD-Hedged)
10.58%
286.25MApr 2014ZEQ.TO vs XEH.TO
EHE.TO
CI Europe Hedged Equity Index ETF
7.41%
2.96MAug 2017ZEQ.TO vs EHE.TO

Lowest Volatility Alternatives to ZEQ.TO

ZEQ.TO has 13.28% 1-year volatility. There are 2 ETFs in the Europe Equities category with lower 1-year volatility, going as low as 12.98%.

SymbolNameVolatility 1YAUMInception
XEH.TO
iShares MSCI Europe IMI Index ETF (CAD-Hedged)12.98%286.25MApr 2014ZEQ.TO vs XEH.TO
ZWP.TO
BMO Covered Call Europe High Dividend ETF12.98%1.08BMar 2018ZEQ.TO vs ZWP.TO
XEU.TO
iShares MSCI Europe IMI Index ETF14.55%675.51MApr 2014ZEQ.TO vs XEU.TO
VE.TO
Vanguard FTSE Developed Europe All Cap Index ETF15.25%649.53MJun 2014ZEQ.TO vs VE.TO
EHE.TO
CI Europe Hedged Equity Index ETF16.28%2.96MAug 2017ZEQ.TO vs EHE.TO

Lowest Drawdown Alternatives to ZEQ.TO

ZEQ.TO has a 1-year max drawdown of -10.97%. There are 2 ETFs in the Europe Equities category with shallower 1-year drawdowns, going as shallow as -10.38%.

SymbolNameMax Drawdown 1YAUMInception
XEH.TO
iShares MSCI Europe IMI Index ETF (CAD-Hedged)
-10.38%
286.25MApr 2014ZEQ.TO vs XEH.TO
ZWP.TO
BMO Covered Call Europe High Dividend ETF
-10.68%
1.08BMar 2018ZEQ.TO vs ZWP.TO
EHE.TO
CI Europe Hedged Equity Index ETF
-11.85%
2.96MAug 2017ZEQ.TO vs EHE.TO
XEU.TO
iShares MSCI Europe IMI Index ETF
-11.94%
675.51MApr 2014ZEQ.TO vs XEU.TO
VE.TO
Vanguard FTSE Developed Europe All Cap Index ETF
-12.68%
649.53MJun 2014ZEQ.TO vs VE.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.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ZMMK.TO
BMO Money Market Fund ETF SeriesMoney Market
99
1.17%
5.76BNov 2021ZEQ.TO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
79
13.62%
23.98BNov 2012ZEQ.TO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
83
14.64%
852.71MJan 2022ZEQ.TO vs ZEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
32.05%
6.36BOct 2009ZEQ.TO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
86
11.09%
17.03BMay 2009ZEQ.TO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
43
18.49%
3.09BJan 2010ZEQ.TO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
76
23.99%
2.30BFeb 2019ZEQ.TO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
48
7.13%
6.32BOct 2011ZEQ.TO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
22
2.13%
13.01BJan 2010ZEQ.TO vs ZAG.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
97
19.50%
1.83BOct 2011ZEQ.TO vs ZDV.TO

Often Compared With ZEQ.TO

Investors most often compare ZEQ.TO with XEM.TO, ZUQ.TO, ZDI.TO. These 20 comparison targets span 17 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XEM.TO
iShares MSCI Emerging Markets Index ETFEmerging Markets Equities
83
29.70%
457.15MJun 2009ZEQ.TO vs XEM.TO
ZUQ.TO
BMO MSCI USA High Quality Index ETFLarge Cap Blend Equities
56
14.21%
1.30BNov 2014ZEQ.TO vs ZUQ.TO
ZDI.TO
BMO International Dividend ETFInternational Equity
51
13.30%
869.67MNov 2014ZEQ.TO vs ZDI.TO
VCE.TO
Vanguard FTSE Canada Index ETFCanada Equities
82
11.08%
3.48BNov 2011ZEQ.TO vs VCE.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETFMoney Market
69
0.97%
1.92BFeb 2020ZEQ.TO vs HSAV.TO
SCHD
Schwab U.S. Dividend Equity ETFDividend
83
17.51%
96.43BOct 2011ZEQ.TO vs SCHD
VIG
Vanguard Dividend Appreciation ETFDividend
60
8.54%
127.80BApr 2006ZEQ.TO vs VIG
VAB.TO
Vanguard Canadian Aggregate Bond Index ETFTotal Bond Market, Canadian Government Bonds, Corporate Bonds
22
2.13%
7.36BNov 2011ZEQ.TO vs VAB.TO
BIL
SPDR Bloomberg 1-3 Month T-Bill ETFGovernment Bonds, Ultrashort Bond
100
1.74%
46.78BMay 2007ZEQ.TO vs BIL
CASH.TO
Global X High Interest Savings ETFMoney Market
99
1.00%
6.62BNov 2021ZEQ.TO vs CASH.TO
IQDY
FlexShares International Quality Dividend Dynamic ...Foreign Large Cap Equities, Dividend
79
18.59%
104.66MApr 2013ZEQ.TO vs IQDY
POW.TO
Power Corporation of Canada
96
23.39%
——ZEQ.TO vs POW.TO
VXM.TO
CI Morningstar International Value CAD HedgedInternational Equity
83
8.58%
1.00BNov 2014ZEQ.TO vs VXM.TO
VBAL.TO
Vanguard Balanced ETF PortfolioDiversified Portfolio
76
9.11%
5.44BJan 2018ZEQ.TO vs VBAL.TO
ZGRO.TO
BMO Growth ETFGlobal Allocation, Diversified Portfolio
79
11.94%
764.33MFeb 2019ZEQ.TO vs ZGRO.TO
VIU.TO
Vanguard FTSE Developed All Cap ex North America I...International Equity
74
19.42%
10.65BDec 2015ZEQ.TO vs VIU.TO
VGRO.TO
Vanguard Growth ETF PortfolioDiversified Portfolio
85
11.77%
10.14BJan 2018ZEQ.TO vs VGRO.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
79
13.60%
32.85BNov 2012ZEQ.TO vs VFV.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Dividend, Large Cap Value Equities
98
21.29%
5.57BJun 2017ZEQ.TO vs XDIV.TO
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
85
14.14%
19.45BAug 2019ZEQ.TO vs XEQT.TO

Compare ZEQ.TO with Any Fund or Stock

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

 

Diversifiers

Pair ZEQ.TO with funds that move differently

BMO MSCI Europe High Quality Hedged to CAD Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZEQ.TO.

Explore ZEQ.TO Diversifiers