VS
BMO Equal Weight Oil & Gas Index ETF (ZEO) and BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF - CAD (NRGD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZEO focuses its top 3 sector exposures on Energy, while NRGD leans towards Energy. When evaluating costs, ZEO features a management fee (MER) of 0.55%, compared to 1.85% for NRGD. Performance-wise, ZEO has returned 36.65% year-to-date with +$37 M in net flows, whereas NRGD is at 52.69% with +$3 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
ZEO
NRGD
| AuM | $352.26 M | $3.90 M |
| Management Fees | 0.55% | 1.85% |
| Exp. ratio | 0.60% | 2.06% |
| Tracking Difference | -0.95% | - |
Historical performance and flows
As of June 12, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZEO | +1.32% | +10.22% | +36.65% | +47.98% | +106.59% |
NRGD | +4.34% | -15.47% | -52.69% | -63.84% | -82.47% | |
| Flows | ZEO | -$8 M | +$18 M | +$37 M | +$44 M | +$2 M |
NRGD | -$0 M | +$2 M | +$3 M | +$4 M | +$3 M |
ZEO vs NRGD exposure
Countries
ZEO
Canada
100.00%
NRGD
Canada
85.70%
Other
14.30%
Sectors
ZEO
Energy
92.30%
Other
7.70%
NRGD
Energy
85.70%
Other
14.30%
As of June 12, 2026
Top 10 Holdings
ZEO
CENOVUS ENERGY
9.83%
ARC RESOURCES
9.36%
SUNCOR ENERGY
9.14%
WHITECAP RESOURCES
8.88%
IMPERIAL OIL
8.55%
CDN NATURAL RESOURCE
7.89%
PEMBINA PIPELINE
7.84%
TOURMALINE OIL
7.83%
TC ENERGY CORP
7.77%
CA83671M1059
7.70%
NRGD
CDN NATURAL RESOURCE
24.77%
SUNCOR ENERGY
23.27%
CENOVUS ENERGY
10.05%
TOURMALINE OIL
8.38%
ARC RESOURCES
5.58%
IMPERIAL OIL
5.19%
PRAIRIESKY ROYALTY
2.42%
MEG ENERGY
2.24%
WHITECAP RESOURCES
2.16%
CRESCENT POINT ENERGY
1.64%
Diversification
ZEO
Total weight of top 10 holdings out of 12 total
84.79%
NRGD
Total weight of top 10 holdings out of 10 total
85.70%
Characteristics
Compare
ZEO
NRGD
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Oil & Gas Index - CAD | S&P/TSX Capped Energy Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 2.60% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | June 18, 2007 |
Frequently asked questions about ZEO and NRGD
Which ETF has performed better year to date: ZEO or NRGD?
As of June 12, 2026, ZEO has returned 36.65% year to date, while NRGD has returned -52.69%. ZEO is ahead on YTD performance.
Which ETF is larger by assets under management: ZEO or NRGD?
As of June 12, 2026, ZEO manages $352.26 M in assets, while NRGD manages $3.90 M. ZEO is the larger fund by AUM.
How are ZEO and NRGD managed?
ZEO is passively managed by BMO. It tracks the Solactive Equal Weight Canada Oil & Gas Index - CAD benchmark. NRGD is passively managed by Global X. It tracks the S&P/TSX Capped Energy Total Return Index - CAD benchmark.
What sectors do ZEO and NRGD emphasize?
ZEO is most exposed to Energy. NRGD is most exposed to Energy.
Which ETF is attracting more investor flows: ZEO or NRGD?
Year to date, ZEO has seen +$37.00 M in net flows, compared with +$2.84 M for NRGD. ZEO has attracted more net investor money so far.
How do the fees of ZEO and NRGD compare?
ZEO has an expense ratio of 0.60%, while NRGD has an expense ratio of 2.06%.
What are the top holdings of ZEO and NRGD?
ZEO's largest holdings include CENOVUS ENERGY, ARC RESOURCES, and SUNCOR ENERGY. NRGD's top holdings include CDN NATURAL RESOURCE, SUNCOR ENERGY, and CENOVUS ENERGY.
Which ETF is more diversified: ZEO or NRGD?
ZEO holds 12 securities, while NRGD holds 10. On holdings count, ZEO is the more diversified portfolio.
Recent articles about ZEO and NRGD
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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.