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. 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
ZSP.TO	BMO S&P 500 Index ETF	0.09%	24.35B	Nov 2012	ZUE.TO vs ZSP.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	0.09%	15.74B	May 2001	ZUE.TO vs XSP.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	13.11B	Apr 2013	ZUE.TO vs XUS.TO
VFV.TO	Vanguard S&P 500 Index ETF	0.09%	34.09B	Nov 2012	ZUE.TO vs VFV.TO
VSP.TO	Vanguard S&P 500 Index ETF (CAD-hedged)	0.09%	6.11B	Nov 2012	ZUE.TO vs VSP.TO

Best Risk-Adjusted Alternatives to ZUE.TO

ZUE.TO has a PortfoliosLab risk / return rank of 50. There are 15 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	11.27M	May 2024	ZUE.TO vs USSL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	84	169.56M	Nov 2025	ZUE.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	79	563.51M	Sep 2011	ZUE.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	77	—	Jul 2024	ZUE.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	75	250.73M	Jul 2023	ZUE.TO vs USCL.TO

Top Performing ZUE.TO Alternatives (YTD)

ZUE.TO is at 8.21% YTD. There are 14 ETFs in the S&P 500 category with higher YTD returns, going as high as 15.74%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	15.74%	11.27M	May 2024	ZUE.TO vs USSL.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	14.29%	3.02B	May 2018	ZUE.TO vs EQL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	12.99%	169.56M	Nov 2025	ZUE.TO vs EQLI.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.33%	—	Jul 2024	ZUE.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	12.31%	250.73M	Jul 2023	ZUE.TO vs USCL.TO

Lowest Volatility Alternatives to ZUE.TO

ZUE.TO has 12.74% 1-year volatility. There are 13 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.21%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.21%	169.56M	Nov 2025	ZUE.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	10.10%	563.51M	Sep 2011	ZUE.TO vs USCC.TO
USCC-U.TO	Global X S&P 500 Covered Call ETF	10.27%	—	Sep 2011	ZUE.TO vs USCC-U.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.13%	—	Jul 2024	ZUE.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.15%	34.09B	Nov 2012	ZUE.TO vs VFV.TO

Lowest Drawdown Alternatives to ZUE.TO

ZUE.TO has a 1-year max drawdown of -9.43%. There are 14 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	ZUE.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	563.51M	Sep 2011	ZUE.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	-6.73%	3.02B	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
USCC-U.TO	Global X S&P 500 Covered Call ETF	-7.72%	—	Sep 2011	ZUE.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 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	1.25%	5.77B	Nov 2021	ZUE.TO vs ZMMK.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	12.81%	895.11M	Jan 2022	ZUE.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	35.82%	7.20B	Oct 2009	ZUE.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	87	12.42%	17.34B	May 2009	ZUE.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	30	11.95%	3.09B	Jan 2010	ZUE.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	51	15.69%	2.35B	Feb 2019	ZUE.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	57	8.71%	6.24B	Oct 2011	ZUE.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	31	1.02%	13.13B	Jan 2010	ZUE.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.80%	1.86B	Oct 2011	ZUE.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	45	11.73%	1.32B	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 13 comparison targets span 9 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	80	12.57%	20.34B	Aug 2019	ZUE.TO vs XEQT.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	86	12.22%	16.37B	Aug 2013	ZUE.TO vs VCN.TO
TEC.TO	TD Global Technology Leaders Index ETF	Technology Equities	37	11.75%	5.05B	May 2019	ZUE.TO vs TEC.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	65	11.55%	7.49B	Nov 2010	ZUE.TO vs HXS.TO
VOO	Vanguard S&P 500 ETF	S&P 500	59	9.60%	1.70T	Sep 2010	ZUE.TO vs VOO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	S&P 500	60	9.40%	—	Nov 2012	ZUE.TO vs ZSP-U.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	63	10.51%	1.22B	Mar 2020	ZUE.TO vs ESG.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	S&P 500	58	8.85%	—	Oct 2019	ZUE.TO vs XUS-U.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	18.64%	1.74B	Jul 2021	ZUE.TO vs HDIV.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Foreign Large Cap Equities	57	11.67%	13.26B	Feb 2014	ZUE.TO vs ZEA.TO
VBR	Vanguard Small-Cap Value ETF	Small Cap Value Equities	64	16.45%	65.50B	Jan 2004	ZUE.TO vs VBR
ZEQ.TO	BMO MSCI Europe High Quality Hedged to CAD Index E...	Europe Equities	26	5.79%	319.55M	Feb 2014	ZUE.TO vs ZEQ.TO
^GSPC	S&P 500 Index		58	8.94%	—	—	ZUE.TO vs ^GSPC

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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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.

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