ZSP-U.TO Alternatives & Similar ETFs

BMO S&P 500 Index ETF (USD) (ZSP-U.TO) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZSP-U.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZSP-U.TO

ZSP-U.TO charges 0.09% annually. No ETFs in the S&P 500 category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
ZSP.TO	BMO S&P 500 Index ETF	0.09%	24.35B	Nov 2012	ZSP-U.TO vs ZSP.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	0.09%	15.74B	May 2001	ZSP-U.TO vs XSP.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	13.11B	Apr 2013	ZSP-U.TO vs XUS.TO
VFV.TO	Vanguard S&P 500 Index ETF	0.09%	34.09B	Nov 2012	ZSP-U.TO vs VFV.TO
VSP.TO	Vanguard S&P 500 Index ETF (CAD-hedged)	0.09%	6.11B	Nov 2012	ZSP-U.TO vs VSP.TO

Best Risk-Adjusted Alternatives to ZSP-U.TO

ZSP-U.TO has a PortfoliosLab risk / return rank of 60. There are 12 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 89.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	89	11.27M	May 2024	ZSP-U.TO vs USSL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	84	169.56M	Nov 2025	ZSP-U.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	79	563.51M	Sep 2011	ZSP-U.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	77	—	Jul 2024	ZSP-U.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	75	250.73M	Jul 2023	ZSP-U.TO vs USCL.TO

Top Performing ZSP-U.TO Alternatives (YTD)

ZSP-U.TO is at 9.40% YTD. There are 11 ETFs in the S&P 500 category with higher YTD returns, going as high as 15.74%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	15.74%	11.27M	May 2024	ZSP-U.TO vs USSL.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	14.29%	3.02B	May 2018	ZSP-U.TO vs EQL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	12.99%	169.56M	Nov 2025	ZSP-U.TO vs EQLI.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.33%	—	Jul 2024	ZSP-U.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	12.31%	250.73M	Jul 2023	ZSP-U.TO vs USCL.TO

Lowest Volatility Alternatives to ZSP-U.TO

ZSP-U.TO has 12.60% 1-year volatility. There are 12 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.21%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.21%	169.56M	Nov 2025	ZSP-U.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	10.10%	563.51M	Sep 2011	ZSP-U.TO vs USCC.TO
USCC-U.TO	Global X S&P 500 Covered Call ETF	10.27%	—	Sep 2011	ZSP-U.TO vs USCC-U.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.13%	—	Jul 2024	ZSP-U.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.15%	34.09B	Nov 2012	ZSP-U.TO vs VFV.TO

Lowest Drawdown Alternatives to ZSP-U.TO

ZSP-U.TO has a 1-year max drawdown of -8.96%. There are 10 ETFs in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -5.47%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	-5.47%	169.56M	Nov 2025	ZSP-U.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	563.51M	Sep 2011	ZSP-U.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	-6.73%	3.02B	May 2018	ZSP-U.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	-7.60%	—	Jul 2024	ZSP-U.TO vs XUSC.TO
USCC-U.TO	Global X S&P 500 Covered Call ETF	-7.72%	—	Sep 2011	ZSP-U.TO vs USCC-U.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZEQT.TO, ZEB.TO and span 8 categories. AUM among these funds goes as high as $17B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	99	1.25%	5.77B	Nov 2021	ZSP-U.TO vs ZMMK.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	12.81%	895.11M	Jan 2022	ZSP-U.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	35.82%	7.20B	Oct 2009	ZSP-U.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	87	12.42%	17.34B	May 2009	ZSP-U.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	30	11.95%	3.09B	Jan 2010	ZSP-U.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	51	15.69%	2.35B	Feb 2019	ZSP-U.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	57	8.71%	6.24B	Oct 2011	ZSP-U.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	31	1.02%	13.13B	Jan 2010	ZSP-U.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.80%	1.86B	Oct 2011	ZSP-U.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	45	11.73%	1.32B	Nov 2014	ZSP-U.TO vs ZUQ.TO

Often Compared With ZSP-U.TO

Investors most often compare ZSP-U.TO with ESG.TO, TULV.TO, ZUE.TO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	63	10.51%	1.22B	Mar 2020	ZSP-U.TO vs ESG.TO
TULV.TO	TD Q U.S. Low Volatility ETF	Large Cap Blend Equities	34	6.53%	54.59M	May 2020	ZSP-U.TO vs TULV.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	S&P 500	50	8.21%	4.83B	May 2009	ZSP-U.TO vs ZUE.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	S&P 500	58	8.85%	—	Oct 2019	ZSP-U.TO vs XUS-U.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	65	11.55%	7.49B	Nov 2010	ZSP-U.TO vs HXS.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Foreign Large Cap Equities	57	11.67%	13.26B	Feb 2014	ZSP-U.TO vs ZEA.TO
SPXU.TO	BetaPro S&P 500 2x Daily Bull ETF	Leveraged Equities	43	13.58%	185.40M	Jun 2008	ZSP-U.TO vs SPXU.TO
XQQU.TO	iShares NASDAQ 100 Index ETF	Nasdaq-100	52	15.63%	—	Sep 2023	ZSP-U.TO vs XQQU.TO
GARP	iShares MSCI USA Quality GARP ETF	Large Cap Growth Equities	54	16.20%	2.56B	Jan 2020	ZSP-U.TO vs GARP
VUG	Vanguard Growth ETF	Large Cap Growth Equities	27	5.10%	393.80B	Jan 2004	ZSP-U.TO vs VUG
IWMI	NEOS Russell 2000 High Income ETF	Derivative Income	81	16.70%	1.06B	Jun 2024	ZSP-U.TO vs IWMI
SCHG	Schwab U.S. Large-Cap Growth ETF	Large Cap Growth Equities	29	5.02%	60.56B	Dec 2009	ZSP-U.TO vs SCHG
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	87	12.55%	31.16B	Feb 2001	ZSP-U.TO vs XIC.TO
QQQM	Invesco NASDAQ 100 ETF	Nasdaq-100	47	13.49%	100.59B	Oct 2020	ZSP-U.TO vs QQQM
SPY	State Street SPDR S&P 500 ETF	S&P 500	59	9.58%	783.21B	Jan 1993	ZSP-U.TO vs SPY
SPXU	ProShares UltraPro Short S&P500	S&P 500, Inverse Equities, Leveraged Equities	2	-22.60%	449.50M	Jun 2009	ZSP-U.TO vs SPXU
QQQ	Invesco QQQ ETF	Nasdaq-100	47	13.46%	481.14B	Mar 1999	ZSP-U.TO vs QQQ
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	S&P 500, Large Cap Growth Equities	38	9.23%	52.75B	Sep 2000	ZSP-U.TO vs SPYG
VTV	Vanguard Value ETF	Large Cap Value Equities	89	15.30%	245.00B	Jan 2004	ZSP-U.TO vs VTV
HSH.TO	Global X S&P 500 CAD Hedged Index Corporate Class ...	S&P 500	53	8.32%	—	Sep 2016	ZSP-U.TO vs HSH.TO

Compare ZSP-U.TO with Any Fund or Stock

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

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Diversifiers

Pair ZSP-U.TO with funds that move differently

BMO S&P 500 Index ETF (USD) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZSP-U.TO.

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BMO S&P 500 Index ETF (USD) (ZSP-U.TO) Alternatives