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. 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.TO vs USCL.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	0.09%	15.61B	May 2001	ZSP.TO vs XSP.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	12.60B	Apr 2013	ZSP.TO vs XUS.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	0.09%	—	Nov 2012	ZSP.TO vs ZSP-U.TO
VFV.TO	Vanguard S&P 500 Index ETF	0.09%	32.85B	Nov 2012	ZSP.TO vs VFV.TO

Best Risk-Adjusted Alternatives to ZSP.TO

ZSP.TO has a PortfoliosLab risk / return rank of 72. There are 6 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 81.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	81	10.16M	May 2024	ZSP.TO vs USSL.TO
USCC.TO	Global X S&P 500 Covered Call ETF	80	400.59M	Sep 2011	ZSP.TO vs USCC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	75	249.48M	Jul 2023	ZSP.TO vs USCL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	75	—	Jul 2024	ZSP.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	74	32.85B	Nov 2012	ZSP.TO vs VFV.TO

Top Performing ZSP.TO Alternatives (YTD)

ZSP.TO is at 12.15% YTD. There are 4 ETFs in the S&P 500 category with higher YTD returns, going as high as 14.51%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	14.51%	10.16M	May 2024	ZSP.TO vs USSL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.69%	—	Jul 2024	ZSP.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.30%	32.85B	Nov 2012	ZSP.TO vs VFV.TO
XUS.TO	iShares Core S&P 500 Index ETF	12.21%	12.60B	Apr 2013	ZSP.TO vs XUS.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	11.99%	6.67B	Nov 2010	ZSP.TO vs HXS.TO

Lowest Volatility Alternatives to ZSP.TO

ZSP.TO has 11.53% 1-year volatility. There are 4 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.08%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.08%	155.19M	Nov 2025	ZSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	9.32%	400.59M	Sep 2011	ZSP.TO vs USCC.TO
VFV.TO	Vanguard S&P 500 Index ETF	11.46%	32.85B	Nov 2012	ZSP.TO vs VFV.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	11.46%	—	Jul 2024	ZSP.TO vs XUSC.TO
XUS.TO	iShares Core S&P 500 Index ETF	11.58%	12.60B	Apr 2013	ZSP.TO vs XUS.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 -5.45%.

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.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	400.59M	Sep 2011	ZSP.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	-6.73%	1.66B	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%	249.48M	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 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	0.95%	5.70B	Nov 2021	ZSP.TO vs ZMMK.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZSP.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZSP.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZSP.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZSP.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZSP.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZSP.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZSP.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZSP.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZSP.TO vs ZUQ.TO

Often Compared With ZSP.TO

Investors most often compare ZSP.TO with VOO, VSP.TO, VDY.TO. These 20 comparison targets span 13 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	70	10.91%	1.60T	Sep 2010	ZSP.TO vs VOO
VSP.TO	Vanguard S&P 500 CAD-hedged ETF	S&P 500	60	9.64%	6.15B	Nov 2012	ZSP.TO vs VSP.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	ZSP.TO vs VDY.TO
TPU.TO	TD U.S. Equity Index ETF	Large Cap Blend Equities	73	12.48%	5.84B	Mar 2016	ZSP.TO vs TPU.TO
QQQ	Invesco QQQ ETF	Nasdaq-100	73	21.30%	493.99B	Mar 1999	ZSP.TO vs QQQ
HXQ.TO	Horizons NASDAQ-100 Index ETF	Nasdaq-100	75	22.84%	1.25B	Apr 2016	ZSP.TO vs HXQ.TO
ZLU.TO	BMO Low Volatility US Equity ETF (CAD)	Large Cap Blend Equities	26	9.40%	2.35B	Mar 2013	ZSP.TO vs ZLU.TO
TEC.TO	TD Global Technology Leaders Index ETF	Technology Equities	58	17.96%	5.04B	May 2019	ZSP.TO vs TEC.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	75	15.73%	1.29B	Feb 2022	ZSP.TO vs HYLD.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	Foreign Large Cap Equities	47	9.95%	21.46B	Apr 2013	ZSP.TO vs XEF.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	S&P 500	62	9.67%	4.59B	May 2009	ZSP.TO vs ZUE.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Global Equities	44	10.01%	12.24B	Feb 2014	ZSP.TO vs ZEA.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	Canada Equities	97	16.45%	2.46B	Dec 2005	ZSP.TO vs XDV.TO
XEF-U.TO	iShares Core MSCI EAFE IMI Index ETF	Global Equities	38	8.45%	—	Oct 2019	ZSP.TO vs XEF-U.TO
XSU.TO	iShares U.S. Small Cap Index ETF (CAD-Hedged)	Small Cap Blend Equities	56	15.84%	784.69M	May 2007	ZSP.TO vs XSU.TO
VIU.TO	Vanguard FTSE Developed All Cap ex North America I...	International Equity	62	16.73%	10.65B	Dec 2015	ZSP.TO vs VIU.TO
XMV.TO	iShares MSCI Min Vol Canada Index ETF	Canada Equities	49	7.72%	413.82M	Jul 2012	ZSP.TO vs XMV.TO
SPHQ	Invesco S&P 500 Quality ETF	S&P 500, Large Cap Blend Equities	54	15.48%	18.88B	Dec 2005	ZSP.TO vs SPHQ
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities	95	16.23%	4.34B	Jan 2024	ZSP.TO vs ZWB.TO
VGVA.L	Vanguard UK Gilt UCITS ETF Accumulating	European Government Bonds	13	-1.47%	159.20M	Feb 2019	ZSP.TO vs VGVA.L

Compare ZSP.TO with Any Fund or Stock

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

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Pair ZSP.TO with funds that move differently

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

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