ZSP.TO Alternatives & Similar ETFs

BMO S&P 500 Index ETF (ZSP.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.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.TO

ZSP.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
XUS-U.TO	iShares Core S&P 500 Index ETF	0.09%	—	Oct 2019	ZSP.TO vs XUS-U.TO
VSP.TO	Vanguard S&P 500 Index ETF (CAD-hedged)	0.09%	6.11B	Nov 2012	ZSP.TO vs VSP.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	13.11B	Apr 2013	ZSP.TO vs XUS.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	0.09%	15.74B	May 2001	ZSP.TO vs XSP.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	0.09%	4.83B	May 2009	ZSP.TO vs ZUE.TO

Best Risk-Adjusted Alternatives to ZSP.TO

ZSP.TO has a PortfoliosLab risk / return rank of 78. There are 7 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 90.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	90	11.27M	May 2024	ZSP.TO vs USSL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	88	169.56M	Nov 2025	ZSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	86	563.51M	Sep 2011	ZSP.TO vs USCC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	85	250.73M	Jul 2023	ZSP.TO vs USCL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	81	—	Jul 2024	ZSP.TO vs XUSC.TO

Top Performing ZSP.TO Alternatives (YTD)

ZSP.TO is at 13.73% YTD. There are 7 ETFs in the S&P 500 category with higher YTD returns, going as high as 16.11%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	16.11%	11.27M	May 2024	ZSP.TO vs USSL.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	15.83%	3.02B	May 2018	ZSP.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	14.74%	—	Jul 2024	ZSP.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	14.62%	250.73M	Jul 2023	ZSP.TO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	14.20%	169.56M	Nov 2025	ZSP.TO vs EQLI.TO

Lowest Volatility Alternatives to ZSP.TO

ZSP.TO has 12.23% 1-year volatility. There are 5 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.18%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.18%	169.56M	Nov 2025	ZSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	10.05%	563.51M	Sep 2011	ZSP.TO vs USCC.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.09%	34.09B	Nov 2012	ZSP.TO vs VFV.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.10%	—	Jul 2024	ZSP.TO vs XUSC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	12.12%	3.02B	May 2018	ZSP.TO vs EQL.TO

Lowest Drawdown Alternatives to ZSP.TO

ZSP.TO has a 1-year max drawdown of -8.61%. There are 5 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.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	563.51M	Sep 2011	ZSP.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	-6.73%	3.02B	May 2018	ZSP.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	-7.60%	—	Jul 2024	ZSP.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	-8.56%	250.73M	Jul 2023	ZSP.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 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	1.23%	5.77B	Nov 2021	ZSP.TO vs ZMMK.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.24%	895.11M	Jan 2022	ZSP.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	33.86%	7.20B	Oct 2009	ZSP.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.42%	17.34B	May 2009	ZSP.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	38	14.55%	3.09B	Jan 2010	ZSP.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	19.68%	2.35B	Feb 2019	ZSP.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	7.77%	6.24B	Oct 2011	ZSP.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	27	1.10%	13.13B	Jan 2010	ZSP.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	21.35%	1.86B	Oct 2011	ZSP.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	57	13.81%	1.32B	Nov 2014	ZSP.TO vs ZUQ.TO

Often Compared With ZSP.TO

Investors most often compare ZSP.TO with VOO, VDY.TO, HXS.TO. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VOO	Vanguard S&P 500 ETF	S&P 500	66	10.45%	1.70T	Sep 2010	ZSP.TO vs VOO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	27.73%	8.59B	Nov 2012	ZSP.TO vs VDY.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	76	13.52%	7.49B	Nov 2010	ZSP.TO vs HXS.TO
TPU.TO	TD U.S. Equity Index ETF	Large Cap Blend Equities	78	13.99%	6.18B	Mar 2016	ZSP.TO vs TPU.TO
QQQ	Invesco QQQ ETF	Nasdaq-100	58	16.13%	481.14B	Mar 1999	ZSP.TO vs QQQ
HXQ.TO	Horizons NASDAQ-100 Index ETF	Nasdaq-100	67	19.68%	1.78B	Apr 2016	ZSP.TO vs HXQ.TO
ZLU.TO	BMO Low Volatility US Equity ETF (CAD)	Large Cap Blend Equities	53	15.49%	2.52B	Mar 2013	ZSP.TO vs ZLU.TO
TEC.TO	TD Global Technology Leaders Index ETF	Technology Equities	50	14.88%	5.05B	May 2019	ZSP.TO vs TEC.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	74	14.77%	1.32B	Feb 2022	ZSP.TO vs HYLD.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	Foreign Large Cap Equities	61	12.48%	22.53B	Apr 2013	ZSP.TO vs XEF.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Foreign Large Cap Equities	60	12.57%	13.26B	Feb 2014	ZSP.TO vs ZEA.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	Canada Equities	97	23.33%	2.63B	Dec 2005	ZSP.TO vs XDV.TO
XEF-U.TO	iShares Core MSCI EAFE IMI Index ETF	Global Equities	47	9.08%	—	Apr 2013	ZSP.TO vs XEF-U.TO
VIU.TO	Vanguard FTSE Developed All Cap ex North America I...	International Equity	68	16.15%	11.04B	Dec 2015	ZSP.TO vs VIU.TO
XSU.TO	iShares U.S. Small Cap Index ETF (CAD-Hedged)	Small Cap Blend Equities	61	18.23%	774.09M	May 2007	ZSP.TO vs XSU.TO
XMV.TO	iShares MSCI Min Vol Canada Index ETF	Canada Equities	78	12.45%	392.11M	Jul 2012	ZSP.TO vs XMV.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	97	29.10%	4.84B	Jan 2011	ZSP.TO vs ZWB.TO
SPHQ	Invesco S&P 500 Quality ETF	S&P 500, Large Cap Blend Equities	65	16.39%	20.11B	Dec 2005	ZSP.TO vs SPHQ
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	86	13.91%	20.34B	Aug 2019	ZSP.TO vs XEQT.TO
VGVA.L	Vanguard UK Gilt UCITS ETF Accumulating	European Government Bonds	14	-1.26%	161.80M	Feb 2019	ZSP.TO vs VGVA.L

Compare ZSP.TO with Any Fund or Stock

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Pair ZSP.TO with funds that move differently

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