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Compare BMO Equal Weight Oil & Gas Index ETF (ZEO) vs iShares Core S&P/TSX Capped Composite Index ETF (XIC) to find the best fit for your portfolio. ZEO provides Energy exposures, while XIC is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, ZEO features a management fee (MER) of 0.55%, compared to 0.05% for XIC. Performance-wise, ZEO has returned 41.99% year-to-date with +$138 M in net flows, whereas XIC is at 17.14% with +$7 B. 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
XIC
| AuM | $469.27 M | $33,385.70 M |
| Management Fees | 0.55% | 0.05% |
| Exp. ratio | 0.60% | 0.06% |
| Tracking Difference | -0.97% | -0.10% |
Historical performance and flows
As of August 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZEO | +3.20% | -0.04% | +41.99% | +53.26% | +96.24% |
XIC | +4.12% | +9.23% | +17.14% | +34.27% | +100.76% | |
| Flows | ZEO | +$25 M | +$99 M | +$138 M | +$134 M | +$106 M |
XIC | +$811 M | +$1,876 M | +$7,296 M | +$8,473 M | +$13,423 M |
ZEO vs XIC exposure
Countries
ZEO
Canada
100.00%
XIC
Canada
96.25%
Sectors
ZEO
Energy
100.00%
XIC
Finance
42.08%
Energy
16.27%
Non-Energy Materials
15.91%
Industrials
8.25%
Other
17.49%
As of August 17, 2026
Top 10 Holdings
ZEO
Cenovus Energy, Inc.
9.10%
ARC Resources Ltd.
8.92%
TC Energy Corp.
8.85%
South Bow Corp.
8.83%
Keyera Corp.
8.64%
Pembina Pipeline Corp.
8.63%
Whitecap Resources, Inc.
8.55%
Enbridge, Inc.
8.43%
Imperial Oil Ltd.
7.89%
Suncor Energy, Inc.
7.80%
XIC
Royal Bank of Canada
8.22%
The Toronto-Dominion Bank
5.77%
Shopify, Inc.
3.97%
Bank of Montreal
3.52%
Enbridge, Inc.
3.36%
The Bank of Nova Scotia
3.04%
Canadian Imperial Bank of Commerce
3.01%
Brookfield Corp.
2.59%
Canadian Natural Resources Ltd.
2.35%
Agnico Eagle Mines Ltd.
2.25%
Diversification
ZEO
Total weight of top 10 holdings out of 12 total
85.64%
XIC
Total weight of top 10 holdings out of 221 total
38.08%
Characteristics
Compare
ZEO
XIC
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Oil & Gas Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.65% | 1.92% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | February 16, 2001 |
Frequently asked questions about ZEO and XIC
Which ETF has performed better year to date: ZEO or XIC?
As of August 17, 2026, ZEO has returned 41.99% year to date, while XIC has returned 17.14%. ZEO is ahead on YTD performance.
Which ETF is larger by assets under management: ZEO or XIC?
As of August 17, 2026, ZEO manages $469.27 M in assets, while XIC manages $33.39 B. XIC is the larger fund by AUM.
How are ZEO and XIC managed?
ZEO is passively managed by BMO. It tracks the Solactive Equal Weight Canada Oil & Gas Index - CAD benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do ZEO and XIC emphasize?
ZEO is most exposed to Energy. XIC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZEO or XIC?
Year to date, ZEO has seen +$138.31 M in net flows, compared with +$7,296.15 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZEO and XIC compare?
ZEO has an expense ratio of 0.60%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZEO and XIC?
ZEO's largest holdings include Cenovus Energy, Inc., ARC Resources Ltd., and TC Energy Corp.. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZEO or XIC?
ZEO holds 12 securities, while XIC holds 219. On holdings count, XIC is the more diversified portfolio.
Recent articles about ZEO and XIC
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