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

ZEO.TO vs. SCHD

Last updated Aug 5, 2026
Documentation

ZEO.TO (BMO Equal Weight Oil & Gas Index ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - ZEO.TO is a Energy Equities fund tracking the Solactive Equal Weight Canada Oil & Gas Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, ZEO.TO returned 9.88%/yr vs 13.66%/yr for SCHD. Their 0.40 correlation means their historical movements had little consistent relationship. ZEO.TO charges 0.60%/yr vs 0.06%/yr for SCHD.

Performance

ZEO.TO vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ZEO.TO is traded in CAD, while SCHD is traded in USD. To make them comparable, the SCHD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZEO.TO achieves a 37.42% return, which is significantly higher than SCHD's 28.66% return. Over the past 10 years, ZEO.TO has underperformed SCHD with an annualized return of 9.88%, while SCHD has yielded a comparatively higher 13.66% annualized return.

ZEO.TO

1D
-2.24%
1M
6.58%
6M
26.27%
YTD
37.42%
1Y
47.76%
3Y*
24.46%
5Y*
26.62%
10Y*
9.88%
ALL TIME*
4.53%

SCHD

1D
1.10%
1M
3.25%
6M
15.88%
YTD
28.66%
1Y
34.44%
3Y*
17.18%
5Y*
12.23%
10Y*
13.66%
ALL TIME*
15.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

SCHD

Schwab U.S. Dividend Equity ETF
CA$1.18BCA$1.03BCA$971.67M

ZEO.TO

BMO Equal Weight Oil & Gas Index ETF
CA$3.54MCA$2.96MCA$2.91M

ZEO.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF		37.42%12.36%21.51%5.98%39.67%63.65%-28.56%16.50%-27.39%-14.46%
SCHD
Schwab U.S. Dividend Equity ETF		28.66%-0.42%21.11%2.06%2.87%29.81%12.30%22.05%2.38%12.66%

Correlation

The correlation between ZEO.TO and SCHD is 0.21, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.21

Correlation (3Y)
Balances recent behavior with more history.

0.30

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.36

Correlation (10Y)
Provides a long-term view across more market conditions.

0.40

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2011

0.40

The correlation between ZEO.TO and SCHD shifts across timeframes, from 0.21 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

ZEO.TO vs. SCHD - Sectors Allocation Comparison

Sectors
ZEO.TO
SCHD

Energy

100.0%
14.1%

Basic Materials

-

1.2%

Communication Services

-

6.2%

Consumer Cyclical

-

7.7%

Consumer Defensive

-

20.6%

Financial Services

-

9.9%

Healthcare

-

20.8%

Industrials

-

7.8%

Real Estate

-

-

Technology

-

12.7%

Utilities

-

0.1%

Energy

ZEO.TO
100.0%
SCHD
14.1%

Basic Materials

ZEO.TO

-

SCHD
1.2%

Communication Services

ZEO.TO

-

SCHD
6.2%

Consumer Cyclical

ZEO.TO

-

SCHD
7.7%

Consumer Defensive

ZEO.TO

-

SCHD
20.6%

Financial Services

ZEO.TO

-

SCHD
9.9%

Healthcare

ZEO.TO

-

SCHD
20.8%

Industrials

ZEO.TO

-

SCHD
7.8%

Real Estate

ZEO.TO

-

SCHD

-

Technology

ZEO.TO

-

SCHD
12.7%

Utilities

ZEO.TO

-

SCHD
0.1%

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

Schwab U.S. Dividend Equity ETF

Often compared with ZEO.TO:
ZEO.TO vs. XEG.TOZEO.TO vs. NRGY.TOZEO.TO vs. ENCC.TOZEO.TO vs. XLEZEO.TO vs. ZWEN.TOZEO.TO vs. VFV.TOZEO.TO vs. HXT.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. DGRO

Return for Risk

ZEO.TO vs. SCHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ZEO.TO
ZEO.TO Risk / Return Rank: 9090
Overall Rank
ZEO.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
ZEO.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
ZEO.TO Omega Ratio Rank: 8989
Omega Ratio Rank
ZEO.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
ZEO.TO Martin Ratio Rank: 8484
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 9595
Overall Rank
SCHD Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 9696
Sortino Ratio Rank
SCHD Omega Ratio Rank: 9494
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9696
Calmar Ratio Rank
SCHD Martin Ratio Rank: 9292
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ZEO.TO vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ZEO.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
2.62
2.84

-0.22

Sortino ratioReturn per unit of downside risk
3.38
4.32

-0.94

Omega ratioGain probability vs. loss probability

1.44

1.49

-0.05

Calmar ratioReturn relative to maximum drawdown

4.86

8.35

-3.49

Martin ratioReturn relative to average drawdown

13.04

21.68

-8.63

ZEO.TO vs. SCHD - Sharpe Ratio Comparison

The current ZEO.TO Sharpe Ratio is 2.62, which is comparable to the SCHD Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of ZEO.TO and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ZEO.TO vs. SCHD - Drawdown Comparison

The maximum ZEO.TO drawdown since its inception was -80.10%, which is greater than SCHD's maximum drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for ZEO.TO and SCHD.

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Drawdown Indicators

ZEO.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-80.10%

-27.31%

-52.79%

Max Drawdown (1Y)

Largest decline over 1 year

-9.88%

-4.14%

-5.74%

Max Drawdown (3Y)

Largest decline over 3 years

-17.62%

-15.24%

-2.38%

Max Drawdown (5Y)

Largest decline over 5 years

-22.59%

-15.24%

-7.35%

Max Drawdown (10Y)

Largest decline over 10 years

-73.35%

-27.31%

-46.04%

Current Drawdown

Current decline from peak

-3.57%

-0.67%

-2.90%

Average Drawdown

Average peak-to-trough decline

-24.99%

-3.02%

-21.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.67%

1.59%

+2.08%

Volatility

ZEO.TO vs. SCHD - Volatility Comparison

BMO Equal Weight Oil & Gas Index ETF (ZEO.TO) has a higher volatility of 6.82% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 4.32%. This indicates that ZEO.TO's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZEO.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.82%

4.32%

+2.50%

Volatility (6M)

Calculated over the trailing 6-month period

15.16%

8.93%

+6.23%

Volatility (1Y)

Calculated over the trailing 1-year period

18.34%

12.18%

+6.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.24%

15.56%

+5.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.15%

17.86%

+9.29%

ZEO.TO vs. SCHD - Expense Ratio Comparison

ZEO.TO has a 0.60% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

ZEO.TO vs. SCHD - Dividend Comparison

ZEO.TO's dividend yield for the trailing twelve months is around 2.74%, less than SCHD's 3.10% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHD
Schwab U.S. Dividend Equity ETF		3.10%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF		2.74%3.43%3.86%4.82%4.69%3.27%5.54%3.55%0.71%0.49%0.47%0.82%

Frequently Asked Questions

ZEO.TO and SCHD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SCHD is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SCHD is cheaper with a 0.06% expense ratio, compared with 0.60% for ZEO.TO.

ZEO.TO is categorized as Energy Equities, while SCHD is Dividend. ZEO.TO tracks Solactive Equal Weight Canada Oil & Gas Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: BMO and Charles Schwab. Their fees differ too: 0.60% for ZEO.TO and 0.06% for SCHD.

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