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. There is 1 ETF in the S&P 500 category with a lower expense ratio, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	249.48M	Jul 2023	ZSP-U.TO vs USCL.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	0.09%	4.59B	May 2009	ZSP-U.TO vs ZUE.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	12.60B	Apr 2013	ZSP-U.TO vs XUS.TO
VSP.TO	Vanguard S&P 500 CAD-hedged ETF	0.09%	6.15B	Nov 2012	ZSP-U.TO vs VSP.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	0.09%	—	Oct 2019	ZSP-U.TO vs XUS-U.TO

Best Risk-Adjusted Alternatives to ZSP-U.TO

ZSP-U.TO has a PortfoliosLab risk / return rank of 69. There are 11 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 82.

Symbol	Name	Risk / Return Rank	AUM	Inception
USCC.TO	Global X S&P 500 Covered Call ETF	82	400.59M	Sep 2011	ZSP-U.TO vs USCC.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	82	10.16M	May 2024	ZSP-U.TO vs USSL.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	80	249.48M	Jul 2023	ZSP-U.TO vs USCL.TO
VFV.TO	Vanguard S&P 500 Index ETF	78	32.85B	Nov 2012	ZSP-U.TO vs VFV.TO
XUS.TO	iShares Core S&P 500 Index ETF	78	12.60B	Apr 2013	ZSP-U.TO vs XUS.TO

Top Performing ZSP-U.TO Alternatives (YTD)

ZSP-U.TO is at 11.01% YTD. There are 9 ETFs in the S&P 500 category with higher YTD returns, going as high as 14.91%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	14.91%	10.16M	May 2024	ZSP-U.TO vs USSL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.87%	—	Jul 2024	ZSP-U.TO vs XUSC.TO
XUS.TO	iShares Core S&P 500 Index ETF	12.75%	12.60B	Apr 2013	ZSP-U.TO vs XUS.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.72%	32.85B	Nov 2012	ZSP-U.TO vs VFV.TO
ZSP.TO	BMO S&P 500 Index ETF	12.66%	23.82B	Nov 2012	ZSP-U.TO vs ZSP.TO

Lowest Volatility Alternatives to ZSP-U.TO

ZSP-U.TO has 11.85% 1-year volatility. There are 9 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.06%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.06%	155.19M	Nov 2025	ZSP-U.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	9.31%	400.59M	Sep 2011	ZSP-U.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	11.44%	—	Jul 2024	ZSP-U.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	11.44%	32.85B	Nov 2012	ZSP-U.TO vs VFV.TO
ZSP.TO	BMO S&P 500 Index ETF	11.52%	23.82B	Nov 2012	ZSP-U.TO vs ZSP.TO

Lowest Drawdown Alternatives to ZSP-U.TO

ZSP-U.TO has a 1-year max drawdown of -9.18%. There are 9 ETFs in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -5.45%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	-5.45%	155.19M	Nov 2025	ZSP-U.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	400.59M	Sep 2011	ZSP-U.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	-6.73%	1.66B	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
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	-8.56%	249.48M	Jul 2023	ZSP-U.TO vs USCL.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZEQT.TO, ZEB.TO and span 7 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	100	0.99%	5.70B	Nov 2021	ZSP-U.TO vs ZMMK.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	80	13.63%	789.04M	Jan 2022	ZSP-U.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	21.18%	5.16B	Oct 2009	ZSP-U.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	85	12.08%	16.67B	May 2009	ZSP-U.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	68	19.23%	3.25B	Jan 2010	ZSP-U.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	75	22.24%	2.28B	Feb 2019	ZSP-U.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	62	4.04%	6.10B	Oct 2011	ZSP-U.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZSP-U.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	89	19.98%	1.72B	Oct 2011	ZSP-U.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	44	10.45%	1.24B	Nov 2014	ZSP-U.TO vs ZUQ.TO

Often Compared With ZSP-U.TO

Investors most often compare ZSP-U.TO with XSP.TO, ESG.TO, TULV.TO. These 7 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	S&P 500	65	10.07%	15.61B	May 2001	ZSP-U.TO vs XSP.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	75	11.93%	1.05B	Mar 2020	ZSP-U.TO vs ESG.TO
TULV.TO	TD Q U.S. Low Volatility ETF	Large Cap Blend Equities	17	1.51%	57.40M	May 2020	ZSP-U.TO vs TULV.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	75	12.45%	6.67B	Nov 2010	ZSP-U.TO vs HXS.TO
HIU.TO	BetaPro S&P 500 Daily Inverse ETF	Inverse Equities, S&P 500	0	-9.05%	25.27M	Feb 2010	ZSP-U.TO vs HIU.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Global Equities	47	10.79%	12.24B	Feb 2014	ZSP-U.TO vs ZEA.TO
XQQU.TO	iShares NASDAQ 100 Index ETF	Nasdaq-100	76	22.02%	—	Sep 2023	ZSP-U.TO vs XQQU.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.

Explore ZSP-U.TO Diversifiers

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