VS
BMO Equal Weight Oil & Gas Index ETF (ZEO) and Evolve Canadian Energy Enhanced Yield Index Fund (OILY) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZEO focuses its top 3 sector exposures on Energy, while OILY leans towards Energy. When evaluating costs, ZEO features a management fee (MER) of 0.55%, compared to 0.6% for OILY. Performance-wise, ZEO has returned 36.9% year-to-date with +$37 M in net flows, whereas OILY is at 33.1% with +$11 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
OILY
| AuM | $352.91 M | $27.25 M |
| Management Fees | 0.55% | 0.60% |
| Exp. ratio | 0.60% | 0.60% |
| Tracking Difference | -0.95% | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZEO | +3.34% | +11.88% | +36.90% | +49.75% | +106.98% |
OILY | +1.74% | +8.54% | +33.10% | +43.65% | - | |
| Flows | ZEO | -$8 M | +$18 M | +$37 M | +$44 M | +$2 M |
OILY | +$1 M | +$4 M | +$11 M | +$21 M | - |
ZEO vs OILY exposure
Countries
ZEO
Canada
100.00%
OILY
Canada
90.54%
Other
9.46%
Sectors
ZEO
Energy
92.30%
Other
7.70%
OILY
Energy
90.54%
Other
9.46%
As of June 11, 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%
OILY
CENOVUS ENERGY
11.90%
SUNCOR ENERGY
10.80%
ARC RESOURCES
10.70%
IMPERIAL OIL
10.20%
KEYERA
9.60%
ENBRIDGE
9.46%
TC ENERGY CORP
9.44%
PEMBINA PIPELINE
9.25%
TOURMALINE OIL
9.19%
Diversification
ZEO
Total weight of top 10 holdings out of 12 total
84.79%
OILY
Total weight of top 10 holdings out of 9 total
90.54%
Characteristics
Compare
ZEO
OILY
| Provider | BMO | Evolve ETFs |
| Management | Passively managed | Actively 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 | 2.60% | 11.92% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | March 26, 2025 |
Frequently asked questions about ZEO and OILY
Which ETF has performed better year to date: ZEO or OILY?
As of June 11, 2026, ZEO has returned 36.90% year to date, while OILY has returned 33.10%. ZEO is ahead on YTD performance.
Which ETF is larger by assets under management: ZEO or OILY?
As of June 11, 2026, ZEO manages $352.91 M in assets, while OILY manages $27.25 M. ZEO is the larger fund by AUM.
How are ZEO and OILY managed?
ZEO is passively managed by BMO. It tracks the Solactive Equal Weight Canada Oil & Gas Index - CAD benchmark. OILY is actively managed by Evolve ETFs. It does not track an index.
What sectors do ZEO and OILY emphasize?
ZEO is most exposed to Energy. OILY is most exposed to Energy.
Which ETF is attracting more investor flows: ZEO or OILY?
Year to date, ZEO has seen +$37.00 M in net flows, compared with +$11.47 M for OILY. ZEO has attracted more net investor money so far.
How do the fees of ZEO and OILY compare?
ZEO has an expense ratio of 0.60%, while OILY has an expense ratio of 0.60%.
What are the top holdings of ZEO and OILY?
ZEO's largest holdings include CENOVUS ENERGY, ARC RESOURCES, and SUNCOR ENERGY. OILY's top holdings include CENOVUS ENERGY, SUNCOR ENERGY, and ARC RESOURCES.
Which ETF is more diversified: ZEO or OILY?
ZEO holds 12 securities, while OILY holds 9. On holdings count, ZEO is the more diversified portfolio.
Recent articles about ZEO and OILY
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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.