VS
Evolve Canadian Energy Enhanced Yield Index Fund (OILY) and BMO Equal Weight Oil & Gas Index ETF (ZEO) offer distinct profiles for Canadian ETF investors. A direct comparison shows that OILY focuses its top 3 sector exposures on Energy, while ZEO leans towards Energy. When evaluating costs, OILY features a management fee (MER) of 0.6%, compared to 0.55% for ZEO. Performance-wise, OILY has returned 31.99% year-to-date with +$11 M in net flows, whereas ZEO is at 33.17% with +$43 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
OILY
ZEO
| AuM | $27.68 M | $348.57 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.60% | 0.60% |
| Tracking Difference | - | -1.00% |
Historical performance and flows
As of April 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | OILY | -0.86% | +20.99% | +31.99% | +54.11% | - |
ZEO | +4.39% | +24.54% | +33.17% | +57.48% | +95.59% | |
| Flows | OILY | +$2 M | +$8 M | +$11 M | +$22 M | - |
ZEO | +$1 M | +$45 M | +$43 M | +$48 M | +$0 M |
OILY vs ZEO exposure
Countries
OILY
Canada
89.74%
Other
10.26%
ZEO
Canada
100.00%
Sectors
OILY
Energy
89.74%
Other
10.26%
ZEO
Energy
92.01%
Other
7.99%
As of April 30, 2026
Top 10 Holdings
OILY
CENOVUS ENERGY
11.50%
SUNCOR ENERGY
10.90%
IMPERIAL OIL
10.40%
KEYERA
9.89%
ENBRIDGE
9.55%
ARC RESOURCES
9.51%
PEMBINA PIPELINE
9.34%
TC ENERGY CORP
9.33%
TOURMALINE OIL
9.32%
ZEO
CENOVUS ENERGY
9.16%
SUNCOR ENERGY
9.07%
WHITECAP RESOURCES
8.62%
ARC RESOURCES
8.60%
IMPERIAL OIL
8.57%
CDN NATURAL RESOURCE
8.33%
TOURMALINE OIL
8.29%
CA83671M1059
7.99%
PEMBINA PIPELINE
7.92%
KEYERA
7.88%
Diversification
OILY
Total weight of top 10 holdings out of 9 total
89.74%
ZEO
Total weight of top 10 holdings out of 12 total
84.43%
Characteristics
Compare
OILY
ZEO
| Provider | Evolve ETFs | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Oil & Gas Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 10.37% | 2.67% |
| Meets ESG criteria | No | No |
| Inception Date | March 26, 2025 | October 20, 2009 |
Frequently asked questions about OILY and ZEO
Which ETF has performed better year to date: OILY or ZEO?
As of April 30, 2026, OILY has returned 31.99% year to date, while ZEO has returned 33.17%. ZEO is ahead on YTD performance.
Which ETF is larger by assets under management: OILY or ZEO?
As of April 30, 2026, OILY manages $27.68 M in assets, while ZEO manages $348.57 M. ZEO is the larger fund by AUM.
How are OILY and ZEO managed?
OILY is actively managed by Evolve ETFs. It does not track an index. ZEO is passively managed by BMO. It tracks the Solactive Equal Weight Canada Oil & Gas Index - CAD benchmark.
What sectors do OILY and ZEO emphasize?
OILY is most exposed to Energy. ZEO is most exposed to Energy.
Which ETF is attracting more investor flows: OILY or ZEO?
Year to date, OILY has seen +$11.46 M in net flows, compared with +$42.78 M for ZEO. ZEO has attracted more net investor money so far.
How do the fees of OILY and ZEO compare?
OILY has an expense ratio of 0.60%, while ZEO has an expense ratio of 0.60%.
What are the top holdings of OILY and ZEO?
OILY's largest holdings include CENOVUS ENERGY, SUNCOR ENERGY, and IMPERIAL OIL. ZEO's top holdings include CENOVUS ENERGY, SUNCOR ENERGY, and WHITECAP RESOURCES.
Which ETF is more diversified: OILY or ZEO?
OILY holds 9 securities, while ZEO holds 12. On holdings count, ZEO is the more diversified portfolio.
Recent articles about OILY and ZEO
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.