VS
Compare iShares S&P/TSX Capped Energy Index ETF (XEG) vs BMO Equal Weight Oil & Gas Index ETF (ZEO) to find the best fit for your portfolio. XEG and ZEO provide the same top sector exposures: Energy. When evaluating costs, XEG features a management fee (MER) of 0.55%, compared to 0.55% for ZEO. Performance-wise, XEG has returned 33.25% year-to-date with +$310 M in net flows, whereas ZEO is at 23.49% with +$45 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
XEG
ZEO
| AuM | $2,360.86 M | $325.68 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.60% |
| Tracking Difference | 5.17% | -0.84% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEG | -3.99% | +22.64% | +33.25% | +67.34% | +83.67% |
ZEO | -4.82% | +16.86% | +23.49% | +44.40% | +79.53% | |
| Flows | XEG | +$151 M | +$499 M | +$310 M | -$220 M | -$572 M |
ZEO | +$3 M | +$39 M | +$45 M | +$48 M | +$3 M |
XEG vs ZEO exposure
Countries
XEG
Canada
99.62%
ZEO
Canada
100.00%
Sectors
XEG
Energy
99.17%
ZEO
Energy
92.01%
Other
7.99%
As of April 24, 2026
Top 10 Holdings
XEG
SUNCOR ENERGY
26.38%
CDN NATURAL RESOURCE
23.98%
CENOVUS ENERGY
12.23%
IMPERIAL OIL
6.69%
TOURMALINE OIL
5.99%
WHITECAP RESOURCES
4.66%
ARC RESOURCES
4.05%
PRAIRIESKY ROYALTY
1.83%
TAMARACK VALLEY ENERGY
1.37%
PEYTO EXPLORATION DEVELOPMENT
1.36%
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
XEG
Total weight of top 10 holdings out of 26 total
88.55%
ZEO
Total weight of top 10 holdings out of 12 total
84.43%
Characteristics
Compare
XEG
ZEO
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Energy Index - CAD | Solactive Equal Weight Canada Oil & Gas Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.87% | 2.88% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2001 | October 20, 2009 |
Frequently asked questions about XEG and ZEO
Which ETF has performed better year to date: XEG or ZEO?
As of April 24, 2026, XEG has returned 33.25% year to date, while ZEO has returned 23.49%. XEG is ahead on YTD performance.
Which ETF is larger by assets under management: XEG or ZEO?
As of April 24, 2026, XEG manages $2.36 B in assets, while ZEO manages $325.68 M. XEG is the larger fund by AUM.
How are XEG and ZEO managed?
XEG is passively managed by iShares. It tracks the S&P/TSX Capped Energy Index - CAD benchmark. ZEO is passively managed by BMO. It tracks the Solactive Equal Weight Canada Oil & Gas Index - CAD benchmark.
What sectors do XEG and ZEO emphasize?
XEG is most exposed to Energy. ZEO is most exposed to Energy.
Which ETF is attracting more investor flows: XEG or ZEO?
Year to date, XEG has seen +$310.04 M in net flows, compared with +$45.04 M for ZEO. XEG has attracted more net investor money so far.
How do the fees of XEG and ZEO compare?
XEG has an expense ratio of 0.60%, while ZEO has an expense ratio of 0.60%.
What are the top holdings of XEG and ZEO?
XEG's largest holdings include SUNCOR ENERGY, CDN NATURAL RESOURCE, and CENOVUS ENERGY. ZEO's top holdings include CENOVUS ENERGY, SUNCOR ENERGY, and WHITECAP RESOURCES.
Which ETF is more diversified: XEG or ZEO?
XEG holds 26 securities, while ZEO holds 12. On holdings count, XEG is the more diversified portfolio.
Recent articles about XEG and ZEO
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.