PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ZEO.TO vs. VTV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZEO.TO vs. VTV

Last updated Jun 4, 2026

ZEO.TO (BMO Equal Weight Oil & Gas Index ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - ZEO.TO is a Energy Equities fund tracking the Solactive Equal Weight Canada Oil & Gas Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, ZEO.TO returned 10.67%/yr vs 13.29%/yr for VTV. At a 0.34 correlation, their price movements are largely independent. ZEO.TO charges 0.60%/yr vs 0.04%/yr for VTV.

Performance

ZEO.TO vs. VTV - 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 Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

ZEO.TO is traded in CAD, while VTV is traded in USD. To make them comparable, the VTV 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 37.72% return, which is significantly higher than VTV's 13.73% return. Over the past 10 years, ZEO.TO has underperformed VTV with an annualized return of 10.67%, while VTV has yielded a comparatively higher 13.29% annualized return.

ZEO.TO

1D
0.65%
1M
2.51%
YTD
37.72%
6M
32.21%
1Y
50.73%
3Y*
27.08%
5Y*
25.42%
10Y*
10.67%

VTV

1D
0.42%
1M
6.31%
YTD
13.73%
6M
12.68%
1Y
27.87%
3Y*
19.66%
5Y*
14.42%
10Y*
13.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZEO.TO vs. VTV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF		37.72%12.35%21.51%5.98%39.67%63.65%-28.56%16.50%-25.62%-12.74%
VTV
Vanguard Value ETF		13.73%9.98%25.92%6.91%4.89%25.39%0.60%19.48%2.54%9.69%

Correlation

The correlation between ZEO.TO and VTV is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (10Y)
Calculated over the trailing 10-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Oct 27, 2009

0.34

Over the past year, the correlation between ZEO.TO and VTV has dropped to 0.11 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

ZEO.TO vs. VTV - Sectors Allocation Comparison

Sectors
ZEO.TO
VTV

Energy

100.0%
8.1%

Basic Materials

-

3.1%

Communication Services

-

3.3%

Consumer Cyclical

-

4.0%

Consumer Defensive

-

9.4%

Financial Services

-

22.3%

Healthcare

-

14.5%

Industrials

-

14.0%

Real Estate

-

2.8%

Technology

-

13.4%

Utilities

-

5.2%

Energy

ZEO.TO
100.0%
VTV
8.1%

Basic Materials

ZEO.TO

-

VTV
3.1%

Communication Services

ZEO.TO

-

VTV
3.3%

Consumer Cyclical

ZEO.TO

-

VTV
4.0%

Consumer Defensive

ZEO.TO

-

VTV
9.4%

Financial Services

ZEO.TO

-

VTV
22.3%

Healthcare

ZEO.TO

-

VTV
14.5%

Industrials

ZEO.TO

-

VTV
14.0%

Real Estate

ZEO.TO

-

VTV
2.8%

Technology

ZEO.TO

-

VTV
13.4%

Utilities

ZEO.TO

-

VTV
5.2%

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

Vanguard Value 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 VTV:
VTV vs. SCHDVTV vs. VOOVTV vs. VTIVTV vs. VUGVTV vs. VYMVTV vs. SCHVVTV vs. VIG

Return for Risk

ZEO.TO vs. VTV — 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: 8686
Overall Rank
ZEO.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
ZEO.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
ZEO.TO Omega Ratio Rank: 8484
Omega Ratio Rank
ZEO.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
ZEO.TO Martin Ratio Rank: 8484
Martin Ratio Rank
VTV
VTV Risk / Return Rank: 7979
Overall Rank
VTV Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
VTV Sortino Ratio Rank: 8282
Sortino Ratio Rank
VTV Omega Ratio Rank: 7777
Omega Ratio Rank
VTV Calmar Ratio Rank: 7979
Calmar Ratio Rank
VTV Martin Ratio Rank: 7979
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. VTV - 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 Vanguard Value ETF (VTV). 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.TOVTVDifference
Sharpe ratioReturn per unit of total volatility
3.02
2.74

+0.28

Sortino ratioReturn per unit of downside risk
3.86
3.83

+0.02

Omega ratioGain probability vs. loss probability

1.52

1.49

+0.03

Calmar ratioReturn relative to maximum drawdown

5.34

4.88

+0.46

Martin ratioReturn relative to average drawdown

17.25

19.05

-1.80

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. VTV - Sharpe Ratio Comparison

The current ZEO.TO Sharpe Ratio is 3.02, which is comparable to the VTV Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of ZEO.TO and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

ZEO.TOVTVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.02

2.74

+0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.21

1.21

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

0.89

-0.50

Sharpe Ratio (All Time)

Calculated using the full available price history

0.00

1.02

-1.02

Drawdowns

ZEO.TO vs. VTV - Drawdown Comparison

The maximum ZEO.TO drawdown since its inception was -77.71%, which is greater than VTV's maximum drawdown of -30.85%. Use the drawdown chart below to compare losses from any high point for ZEO.TO and VTV.

Loading charts...

Drawdown Indicators

ZEO.TOVTVDifference

Max Drawdown

Largest peak-to-trough decline

-77.71%

-30.85%

-46.86%

Max Drawdown (1Y)

Largest decline over 1 year

-9.54%

-5.74%

-3.80%

Max Drawdown (3Y)

Largest decline over 3 years

-17.62%

-14.39%

-3.23%

Max Drawdown (5Y)

Largest decline over 5 years

-22.59%

-14.39%

-8.20%

Max Drawdown (10Y)

Largest decline over 10 years

-72.03%

-30.85%

-41.18%

Current Drawdown

Current decline from peak

-2.93%

0.00%

-2.93%

Average Drawdown

Average peak-to-trough decline

-21.98%

-3.10%

-18.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

1.47%

+1.48%

Volatility

ZEO.TO vs. VTV - Volatility Comparison

BMO Equal Weight Oil & Gas Index ETF (ZEO.TO) has a higher volatility of 6.99% compared to Vanguard Value ETF (VTV) at 2.56%. This indicates that ZEO.TO's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ZEO.TOVTVDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.99%

2.56%

+4.43%

Volatility (6M)

Calculated over the trailing 6-month period

14.57%

7.91%

+6.66%

Volatility (1Y)

Calculated over the trailing 1-year period

16.92%

10.24%

+6.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.17%

11.98%

+9.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.27%

14.97%

+12.30%

ZEO.TO vs. VTV - Expense Ratio Comparison

ZEO.TO has a 0.60% expense ratio, which is higher than VTV's 0.04% expense ratio.

Dividends

ZEO.TO vs. VTV - Dividend Comparison

ZEO.TO's dividend yield for the trailing twelve months is around 2.59%, more than VTV's 1.86% yield.

PositionTTM20252024202320222021202020192018201720162015
VTV
Vanguard Value ETF		1.86%2.05%2.31%2.46%2.52%2.15%2.56%2.50%2.73%2.29%2.44%2.60%
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF		2.59%3.42%3.86%4.82%4.69%3.27%5.54%3.55%3.57%2.46%2.50%4.09%

Frequently Asked Questions

ZEO.TO and VTV have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VTV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VTV is cheaper with a 0.04% expense ratio, compared with 0.60% for ZEO.TO.

ZEO.TO is categorized as Energy Equities, while VTV is Large Cap Value Equities. ZEO.TO tracks Solactive Equal Weight Canada Oil & Gas Index, while VTV tracks CRSP US Large Cap Value Index. They also come from different issuers: BMO and Vanguard. Their fees differ too: 0.60% for ZEO.TO and 0.04% for VTV.

Portfolio Optimizer

Find the right allocation for ZEO.TO and VTV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer