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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 provides Energy, Finance, and Non-Energy Materials exposures, while ZEO is primarily weighted in Energy. When evaluating costs, XEG features a management fee (MER) of 0.55%, compared to 0.55% for ZEO. Performance-wise, XEG has returned 52.82% year-to-date with +$49 M in net flows, whereas ZEO is at 40.66% with +$144 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 | $2,429.72 M | $470.40 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.60% |
| Tracking Difference | 4.63% | -0.93% |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEG | +7.46% | +9.57% | +52.82% | +64.47% | +89.04% |
ZEO | +3.27% | +2.74% | +40.66% | +45.00% | +91.57% | |
| Flows | XEG | -$9 M | -$139 M | +$49 M | +$123 M | -$386 M |
ZEO | +$6 M | +$107 M | +$144 M | +$140 M | +$114 M |
XEG vs ZEO exposure
Countries
XEG
Canada
99.97%
ZEO
Canada
100.00%
Sectors
XEG
Energy
95.44%
ZEO
Energy
100.00%
As of September 10, 2026
Top 10 Holdings
XEG
Suncor Energy, Inc.
25.76%
Canadian Natural Resources Ltd.
25.07%
Cenovus Energy, Inc.
13.38%
Imperial Oil Ltd.
6.32%
Tourmaline Oil Corp.
5.36%
Whitecap Resources, Inc.
4.66%
ARC Resources Ltd.
4.36%
PrairieSky Royalty Ltd.
1.89%
Tamarack Valley Energy Ltd.
1.49%
Peyto Exploration & Development Corp.
1.22%
ZEO
Cenovus Energy, Inc.
9.98%
ARC Resources Ltd.
9.09%
Suncor Energy, Inc.
8.76%
Whitecap Resources, Inc.
8.58%
Pembina Pipeline Corp.
8.43%
South Bow Corp.
8.34%
Keyera Corp.
8.34%
Imperial Oil Ltd.
8.14%
TC Energy Corp.
7.96%
Enbridge, Inc.
7.65%
Diversification
XEG
Total weight of top 10 holdings out of 27 total
89.50%
ZEO
Total weight of top 10 holdings out of 12 total
85.28%
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 | 2.41% | 2.67% |
| 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 September 10, 2026, XEG has returned 52.82% year to date, while ZEO has returned 40.66%. XEG is ahead on YTD performance.
Which ETF is larger by assets under management: XEG or ZEO?
As of September 10, 2026, XEG manages $2.43 B in assets, while ZEO manages $470.40 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, Finance, and Non-Energy Materials. ZEO is most exposed to Energy.
Which ETF is attracting more investor flows: XEG or ZEO?
Year to date, XEG has seen +$48.97 M in net flows, compared with +$143.88 M for ZEO. ZEO has attracted more net investor money so far.
How do the fees of XEG and ZEO compare?
XEG has an expense ratio of 0.61%, 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, Inc., Canadian Natural Resources Ltd., and Cenovus Energy, Inc.. ZEO's top holdings include Cenovus Energy, Inc., ARC Resources Ltd., and Suncor Energy, Inc..
Which ETF is more diversified: XEG or ZEO?
XEG holds 27 securities, while ZEO holds 12. On holdings count, XEG is the more diversified portfolio.
Recent articles about XEG and ZEO
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