ZUE.TO Alternatives & Similar ETFs

BMO S&P 500 (CAD Hedged) (ZUE.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 ZUE.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZUE.TO

ZUE.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	ZUE.TO vs USCL.TO
VSP.TO	Vanguard S&P 500 CAD-hedged ETF	0.09%	6.15B	Nov 2012	ZUE.TO vs VSP.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	0.09%	—	Nov 2012	ZUE.TO vs ZSP-U.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	0.09%	—	Oct 2019	ZUE.TO vs XUS-U.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	12.60B	Apr 2013	ZUE.TO vs XUS.TO

Best Risk-Adjusted Alternatives to ZUE.TO

ZUE.TO has a PortfoliosLab risk / return rank of 62. There are 12 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	ZUE.TO vs USSL.TO
USCC.TO	Global X S&P 500 Covered Call ETF	80	400.59M	Sep 2011	ZUE.TO vs USCC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	75	249.48M	Jul 2023	ZUE.TO vs USCL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	75	—	Jul 2024	ZUE.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	74	32.85B	Nov 2012	ZUE.TO vs VFV.TO

Top Performing ZUE.TO Alternatives (YTD)

ZUE.TO is at 9.67% YTD. There are 12 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	ZUE.TO vs USSL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.69%	—	Jul 2024	ZUE.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.30%	32.85B	Nov 2012	ZUE.TO vs VFV.TO
XUS.TO	iShares Core S&P 500 Index ETF	12.21%	12.60B	Apr 2013	ZUE.TO vs XUS.TO
ZSP.TO	BMO S&P 500 Index ETF	12.15%	23.82B	Nov 2012	ZUE.TO vs ZSP.TO

Lowest Volatility Alternatives to ZUE.TO

ZUE.TO has 11.96% 1-year volatility. There are 10 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	ZUE.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	9.32%	400.59M	Sep 2011	ZUE.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	11.46%	—	Jul 2024	ZUE.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	11.46%	32.85B	Nov 2012	ZUE.TO vs VFV.TO
ZSP.TO	BMO S&P 500 Index ETF	11.53%	23.82B	Nov 2012	ZUE.TO vs ZSP.TO

Lowest Drawdown Alternatives to ZUE.TO

ZUE.TO has a 1-year max drawdown of -9.43%. There are 13 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	ZUE.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	400.59M	Sep 2011	ZUE.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	-6.73%	1.66B	May 2018	ZUE.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	-7.60%	—	Jul 2024	ZUE.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	-8.56%	249.48M	Jul 2023	ZUE.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	ZUE.TO vs ZMMK.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZUE.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZUE.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZUE.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZUE.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZUE.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZUE.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZUE.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZUE.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZUE.TO vs ZUQ.TO

Often Compared With ZUE.TO

Investors most often compare ZUE.TO with XEQT.TO, VCN.TO, TEC.TO. These 11 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	12.29%	18.41B	Aug 2019	ZUE.TO vs XEQT.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	77	10.48%	15.96B	Aug 2013	ZUE.TO vs VCN.TO
TEC.TO	TD Global Technology Leaders Index ETF	Technology Equities	58	17.96%	5.04B	May 2019	ZUE.TO vs TEC.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.99%	6.67B	Nov 2010	ZUE.TO vs HXS.TO
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	ZUE.TO vs VOO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	S&P 500	61	9.64%	15.61B	May 2001	ZUE.TO vs XSP.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	71	10.72%	1.05B	Mar 2020	ZUE.TO vs ESG.TO
HIU.TO	BetaPro S&P 500 Daily Inverse ETF	Inverse Equities, S&P 500	0	-9.58%	25.27M	Feb 2010	ZUE.TO vs HIU.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	92	16.21%	1.63B	Jul 2021	ZUE.TO vs HDIV.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Global Equities	44	10.01%	12.24B	Feb 2014	ZUE.TO vs ZEA.TO
VBR	Vanguard Small-Cap Value ETF	Small Cap Value Equities	52	11.67%	64.90B	Jan 2004	ZUE.TO vs VBR

Compare ZUE.TO with Any Fund or Stock

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

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Diversifiers

Pair ZUE.TO with funds that move differently

BMO S&P 500 (CAD Hedged) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZUE.TO.

Explore ZUE.TO Diversifiers

BMO S&P 500 (CAD Hedged) (ZUE.TO) Alternatives