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
VSP.TO	Vanguard S&P 500 Index ETF (CAD-hedged)	0.09%	6.11B	Nov 2012	ZSP.TO vs VSP.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	0.09%	—	Oct 2019	ZSP.TO vs XUS-U.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	12.96B	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
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	0.09%	15.62B	May 2001	ZSP.TO vs XSP.TO

Best Risk-Adjusted Alternatives to ZSP.TO

ZSP.TO has a PortfoliosLab risk / return rank of 69. There are 6 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 86.

Symbol	Name	Risk / Return Rank	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	86	169.56M	Nov 2025	ZSP.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	77	558.31M	Sep 2011	ZSP.TO vs USCC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	77	244.05M	Jul 2023	ZSP.TO vs USCL.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	74	10.93M	May 2024	ZSP.TO vs USSL.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	73	3.02B	May 2018	ZSP.TO vs EQL.TO

Top Performing ZSP.TO Alternatives (YTD)

ZSP.TO is at 12.26% YTD. There are 8 ETFs in the S&P 500 category with higher YTD returns, going as high as 15.50%.

Symbol	Name	YTD Return	AUM	Inception
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	15.50%	3.02B	May 2018	ZSP.TO vs EQL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	14.06%	169.56M	Nov 2025	ZSP.TO vs EQLI.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	13.52%	244.05M	Jul 2023	ZSP.TO vs USCL.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	13.07%	10.93M	May 2024	ZSP.TO vs USSL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.83%	—	Jul 2024	ZSP.TO vs XUSC.TO

Lowest Volatility Alternatives to ZSP.TO

ZSP.TO has 12.56% 1-year volatility. There are 6 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.33%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.33%	169.56M	Nov 2025	ZSP.TO vs EQLI.TO
USCC-U.TO	Global X S&P 500 Covered Call ETF	10.34%	398.67M	Sep 2011	ZSP.TO vs USCC-U.TO
USCC.TO	Global X S&P 500 Covered Call ETF	10.37%	558.31M	Sep 2011	ZSP.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	12.27%	3.02B	May 2018	ZSP.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.34%	—	Jul 2024	ZSP.TO vs XUSC.TO

Lowest Drawdown Alternatives to ZSP.TO

ZSP.TO has a 1-year max drawdown of -8.61%. There are 6 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%	558.31M	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
USCC-U.TO	Global X S&P 500 Covered Call ETF	-7.72%	398.67M	Sep 2011	ZSP.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 10 categories. AUM among these funds goes as high as $18B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	99	1.36%	5.83B	Nov 2021	ZSP.TO vs ZMMK.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	82	13.75%	924.58M	Jan 2022	ZSP.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	32.90%	7.10B	Oct 2009	ZSP.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.49%	17.51B	May 2009	ZSP.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	32	10.75%	2.90B	Jan 2010	ZSP.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	49	14.56%	2.26B	Feb 2019	ZSP.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities, Low Volatility	56	7.74%	6.27B	Oct 2011	ZSP.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	29	0.79%	13.09B	Jan 2010	ZSP.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	23.19%	1.91B	Oct 2011	ZSP.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Quality Factor, Large Cap Blend Equities	48	11.98%	1.29B	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 15 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	78	11.72%	1.70T	Sep 2010	ZSP.TO vs VOO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	28.99%	8.59B	Nov 2012	ZSP.TO vs VDY.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	67	12.29%	7.40B	Nov 2010	ZSP.TO vs HXS.TO
TPU.TO	TD U.S. Equity Index ETF	Large Cap Blend Equities	67	12.34%	6.05B	Mar 2016	ZSP.TO vs TPU.TO
QQQ	Invesco QQQ ETF	Nasdaq-100	58	14.23%	452.80B	Mar 1999	ZSP.TO vs QQQ
HXQ.TO	Global X Nasdaq-100 Index Corporate Class ETF	Nasdaq-100	49	14.56%	1.73B	Apr 2016	ZSP.TO vs HXQ.TO
ZLU.TO	BMO Low Volatility US Equity ETF (CAD)	Low Volatility	41	13.52%	2.51B	Mar 2013	ZSP.TO vs ZLU.TO
TEC.TO	TD Global Technology Leaders Index ETF	Technology Equities	39	11.98%	4.92B	May 2019	ZSP.TO vs TEC.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	65	11.33%	1.30B	Feb 2022	ZSP.TO vs HYLD.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	70	12.34%	34.09B	Nov 2012	ZSP.TO vs VFV.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	S&P 500	51	8.53%	4.77B	May 2009	ZSP.TO vs ZUE.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	Foreign Large Cap Equities	72	13.69%	23.06B	Apr 2013	ZSP.TO vs XEF.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Foreign Large Cap Equities	73	14.15%	13.47B	Feb 2014	ZSP.TO vs ZEA.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	Canada Equities	98	25.76%	2.67B	Dec 2005	ZSP.TO vs XDV.TO
VIU.TO	Vanguard FTSE Developed All Cap ex North America I...	Foreign Large Cap Equities, Foreign Small & Mid Cap Equities	76	16.64%	11.04B	Dec 2015	ZSP.TO vs VIU.TO
XEF-U.TO	iShares Core MSCI EAFE IMI Index ETF	Global Equities	67	11.79%	—	Apr 2013	ZSP.TO vs XEF-U.TO
XSU.TO	iShares U.S. Small Cap Index ETF (CAD-Hedged)	Small Cap Blend Equities	68	17.22%	720.16M	May 2007	ZSP.TO vs XSU.TO
XMV.TO	iShares MSCI Min Vol Canada Index ETF	Canada Equities, Low Volatility	84	13.27%	395.67M	Jul 2012	ZSP.TO vs XMV.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	97	28.37%	4.77B	Jan 2011	ZSP.TO vs ZWB.TO
SPHQ	Invesco S&P 500 Quality ETF	Quality Factor, S&P 500, Large Cap Blend Equities	65	14.14%	19.45B	Dec 2005	ZSP.TO vs SPHQ

Compare ZSP.TO with Any Fund or Stock

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

Symbol name

Diversifiers

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.

Explore ZSP.TO Diversifiers

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