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ZEO.TO vs. NRGY.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZEO.TO vs. NRGY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Equal Weight Oil & Gas Index ETF (ZEO.TO) and Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO).

ZEO.TO and NRGY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZEO.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Canada Oil & Gas Index. It was launched on Oct 20, 2009. NRGY.TO is a passively managed fund by Global X that tracks the performance of the Mirae Asset Equal Weight Canadian Oil & Gas Index. It was launched on Nov 6, 2024. Both ZEO.TO and NRGY.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ZEO.TO vs. NRGY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Equal Weight Oil & Gas Index ETF (ZEO.TO) and Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO). The values are adjusted to include any dividend payments, if applicable.

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ZEO.TO vs. NRGY.TO - Yearly Performance Comparison

2026 (YTD)20252024
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF		31.54%12.35%-2.80%
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF		30.90%14.36%-3.17%

Returns By Period

The year-to-date returns for both stocks are quite close, with ZEO.TO having a 31.54% return and NRGY.TO slightly lower at 30.90%.

ZEO.TO

1D
-0.72%
1M
11.04%
YTD
31.54%
6M
30.73%
1Y
39.53%
3Y*
25.68%
5Y*
27.86%
10Y*
11.55%

NRGY.TO

1D
-1.14%
1M
10.66%
YTD
30.90%
6M
31.97%
1Y
41.48%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO Equal Weight Oil & Gas Index ETF

Global X Equal Weight Canadian Oil & Gas Index ETF

Often compared with ZEO.TO:
ZEO.TO vs. XEG.TOZEO.TO vs. XLEZEO.TO vs. ENCC.TOZEO.TO vs. VOOZEO.TO vs. HXT.TOZEO.TO vs. VFV.TOZEO.TO vs. SPY
Often compared with NRGY.TO:
NRGY.TO vs. VDENRGY.TO vs. CPCC.TONRGY.TO vs. HEP.TONRGY.TO vs. GLDX.TONRGY.TO vs. HLIT.TONRGY.TO vs. COPP.TONRGY.TO vs. PEY.TO

ZEO.TO vs. NRGY.TO - Expense Ratio Comparison

ZEO.TO has a 0.60% expense ratio, which is higher than NRGY.TO's 0.49% expense ratio.

ZEO.TO
BMO Equal Weight Oil & Gas Index ETF
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF

Return for Risk

ZEO.TO vs. NRGY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZEO.TO
ZEO.TO Risk / Return Rank: 8787
Overall Rank
ZEO.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
ZEO.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
ZEO.TO Omega Ratio Rank: 9292
Omega Ratio Rank
ZEO.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
ZEO.TO Martin Ratio Rank: 8080
Martin Ratio Rank
NRGY.TO
NRGY.TO Risk / Return Rank: 9090
Overall Rank
NRGY.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
NRGY.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
NRGY.TO Omega Ratio Rank: 9393
Omega Ratio Rank
NRGY.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
NRGY.TO Martin Ratio Rank: 8484
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZEO.TO vs. NRGY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Equal Weight Oil & Gas Index ETF (ZEO.TO) and Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

ZEO.TONRGY.TODifference

Sharpe ratio

Return per unit of total volatility

2.04

2.22

-0.18

Sortino ratio

Return per unit of downside risk

2.49

2.66

-0.17

Omega ratio

Gain probability vs. loss probability

1.40

1.43

-0.03

Calmar ratio

Return relative to maximum drawdown

2.33

2.67

-0.34

Martin ratio

Return relative to average drawdown

8.63

9.93

-1.29

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZEO.TO vs. NRGY.TO - Sharpe Ratio Comparison

The current ZEO.TO Sharpe Ratio is 2.04, which is comparable to the NRGY.TO Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of ZEO.TO and NRGY.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ZEO.TONRGY.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.04

2.22

-0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.34

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.00

1.64

-1.64

Correlation

The correlation between ZEO.TO and NRGY.TO is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ZEO.TO vs. NRGY.TO - Dividend Comparison

ZEO.TO's dividend yield for the trailing twelve months is around 2.71%, less than NRGY.TO's 2.87% yield.

TTM20252024202320222021202020192018201720162015
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF		2.71%3.42%3.86%4.82%4.69%3.27%5.54%3.55%3.57%2.46%2.50%4.09%
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF		2.87%3.87%0.56%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ZEO.TO vs. NRGY.TO - Drawdown Comparison

The maximum ZEO.TO drawdown since its inception was -100.25%, which is greater than NRGY.TO's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for ZEO.TO and NRGY.TO.

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Drawdown Indicators

ZEO.TONRGY.TODifference

Max Drawdown

Largest peak-to-trough decline

-100.25%

-16.59%

-83.66%

Max Drawdown (1Y)

Largest decline over 1 year

-17.62%

-16.18%

-1.44%

Max Drawdown (5Y)

Largest decline over 5 years

-22.59%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-72.03%

—

—

Current Drawdown

Current decline from peak

-0.85%

-1.21%

+0.36%

Average Drawdown

Average peak-to-trough decline

-49.97%

-3.55%

-46.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.75%

4.35%

+0.40%

Volatility

ZEO.TO vs. NRGY.TO - Volatility Comparison

BMO Equal Weight Oil & Gas Index ETF (ZEO.TO) and Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) have volatilities of 3.66% and 3.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZEO.TONRGY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.66%

3.80%

-0.14%

Volatility (6M)

Calculated over the trailing 6-month period

11.59%

11.61%

-0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

19.50%

18.77%

+0.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.93%

18.80%

+2.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.23%

18.80%

+8.43%