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%	250.98M	Jul 2023	ZSP.TO vs USCL.TO
VSP.TO	Vanguard S&P 500 Index ETF (CAD-hedged)	0.09%	6.15B	Nov 2012	ZSP.TO vs VSP.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	0.09%	—	Nov 2012	ZSP.TO vs ZSP-U.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	0.09%	4.65B	May 2009	ZSP.TO vs ZUE.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	12.94B	Apr 2013	ZSP.TO vs XUS.TO

Best Risk-Adjusted Alternatives to ZSP.TO

ZSP.TO has a PortfoliosLab risk / return rank of 72. There are 7 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	11.18M	May 2024	ZSP.TO vs USSL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	81	155.19M	Nov 2025	ZSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	80	561.57M	Sep 2011	ZSP.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	79	—	Jul 2024	ZSP.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	76	250.98M	Jul 2023	ZSP.TO vs USCL.TO

Top Performing ZSP.TO Alternatives (YTD)

ZSP.TO is at 11.86% YTD. There are 8 ETFs in the S&P 500 category with higher YTD returns, going as high as 13.93%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	13.93%	11.18M	May 2024	ZSP.TO vs USSL.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	13.53%	1.66B	May 2018	ZSP.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	13.37%	—	Jul 2024	ZSP.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	12.30%	250.98M	Jul 2023	ZSP.TO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	12.23%	155.19M	Nov 2025	ZSP.TO vs EQLI.TO

Lowest Volatility Alternatives to ZSP.TO

ZSP.TO has 12.10% 1-year volatility. There are 5 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.13%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.13%	155.19M	Nov 2025	ZSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	9.87%	561.57M	Sep 2011	ZSP.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	11.91%	—	Jul 2024	ZSP.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	11.97%	32.85B	Nov 2012	ZSP.TO vs VFV.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	12.05%	1.66B	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%	155.19M	Nov 2025	ZSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	561.57M	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%	250.98M	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	1.09%	5.68B	Nov 2021	ZSP.TO vs ZMMK.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	79	13.48%	846.16M	Jan 2022	ZSP.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	97	30.69%	6.15B	Oct 2009	ZSP.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	81	11.25%	16.91B	May 2009	ZSP.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	41	14.60%	3.24B	Jan 2010	ZSP.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	20.44%	2.39B	Feb 2019	ZSP.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	45	6.82%	6.18B	Oct 2011	ZSP.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.97B	Jan 2010	ZSP.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	20.55%	1.83B	Oct 2011	ZSP.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	47	10.78%	1.30B	Nov 2014	ZSP.TO vs ZUQ.TO

Often Compared With ZSP.TO

Investors most often compare ZSP.TO with VOO, XSP.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	59	8.19%	1.70T	Sep 2010	ZSP.TO vs VOO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	S&P 500	51	6.74%	15.52B	May 2001	ZSP.TO vs XSP.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	69	11.68%	7.12B	Nov 2010	ZSP.TO vs HXS.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	24.99%	7.99B	Nov 2012	ZSP.TO vs VDY.TO
TPU.TO	TD U.S. Equity Index ETF	Large Cap Blend Equities	71	12.18%	5.97B	Mar 2016	ZSP.TO vs TPU.TO
QQQ	Invesco QQQ ETF	Nasdaq-100	59	16.45%	493.17B	Mar 1999	ZSP.TO vs QQQ
HXQ.TO	Horizons NASDAQ-100 Index ETF	Nasdaq-100	68	20.53%	1.82B	Apr 2016	ZSP.TO vs HXQ.TO
ZLU.TO	BMO Low Volatility US Equity ETF (CAD)	Large Cap Blend Equities	33	11.73%	2.41B	Mar 2013	ZSP.TO vs ZLU.TO
TEC.TO	TD Global Technology Leaders Index ETF	Technology Equities	47	13.45%	4.93B	May 2019	ZSP.TO vs TEC.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	64	12.62%	1.30B	Feb 2022	ZSP.TO vs HYLD.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	Foreign Large Cap Equities	54	12.09%	22.44B	Apr 2013	ZSP.TO vs XEF.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Foreign Large Cap Equities	54	12.33%	13.21B	Feb 2014	ZSP.TO vs ZEA.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	Canada Equities	97	21.19%	2.57B	Dec 2005	ZSP.TO vs XDV.TO
XEF-U.TO	iShares Core MSCI EAFE IMI Index ETF	Global Equities	43	8.48%	—	Apr 2013	ZSP.TO vs XEF-U.TO
VIU.TO	Vanguard FTSE Developed All Cap ex North America I...	International Equity	66	17.56%	10.65B	Dec 2015	ZSP.TO vs VIU.TO
XSU.TO	iShares U.S. Small Cap Index ETF (CAD-Hedged)	Small Cap Blend Equities	62	19.10%	752.51M	May 2007	ZSP.TO vs XSU.TO
XMV.TO	iShares MSCI Min Vol Canada Index ETF	Canada Equities	63	10.39%	421.80M	Jul 2012	ZSP.TO vs XMV.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	97	26.23%	4.65B	Jan 2011	ZSP.TO vs ZWB.TO
SPHQ	Invesco S&P 500 Quality ETF	S&P 500, Large Cap Blend Equities	61	16.54%	21.05B	Dec 2005	ZSP.TO vs SPHQ
VGVA.L	Vanguard UK Gilt UCITS ETF Accumulating	European Government Bonds	13	0.10%	607.32M	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