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Compare BMO Equal Weight Oil & Gas Index ETF (ZEO) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. ZEO provides Energy exposures, while ZEB is primarily weighted in Finance. When evaluating costs, ZEO features a management fee (MER) of 0.55%, compared to 0.25% for ZEB. Performance-wise, ZEO has returned 41.99% year-to-date with +$138 M in net flows, whereas ZEB is at 34.17% with +$250 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
ZEB
| AuM | $469.27 M | $7,374.39 M |
| Management Fees | 0.55% | 0.25% |
| Exp. ratio | 0.60% | 0.28% |
| Tracking Difference | -0.97% | -0.62% |
Historical performance and flows
As of August 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZEO | +3.20% | -0.04% | +41.99% | +53.26% | +96.24% |
ZEB | +1.14% | +15.35% | +34.17% | +65.05% | +164.45% | |
| Flows | ZEO | +$25 M | +$99 M | +$138 M | +$134 M | +$106 M |
ZEB | -$16 M | +$1,464 M | +$250 M | +$552 M | -$911 M |
ZEO vs ZEB exposure
Countries
ZEO
Canada
100.00%
ZEB
Canada
100.00%
Sectors
ZEO
Energy
100.00%
ZEB
Finance
100.00%
As of August 18, 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%
ZEB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
ZEO
Total weight of top 10 holdings out of 12 total
85.64%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZEO
ZEB
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Oil & Gas Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.65% | 2.27% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | October 20, 2009 |
Frequently asked questions about ZEO and ZEB
Which ETF has performed better year to date: ZEO or ZEB?
As of August 18, 2026, ZEO has returned 41.99% year to date, while ZEB has returned 34.17%. ZEO is ahead on YTD performance.
Which ETF is larger by assets under management: ZEO or ZEB?
As of August 18, 2026, ZEO manages $469.27 M in assets, while ZEB manages $7.37 B. ZEB is the larger fund by AUM.
How are ZEO and ZEB managed?
ZEO is passively managed by BMO. It tracks the Solactive Equal Weight Canada Oil & Gas Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZEO and ZEB emphasize?
ZEO is most exposed to Energy. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: ZEO or ZEB?
Year to date, ZEO has seen +$138.31 M in net flows, compared with +$250.12 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of ZEO and ZEB compare?
ZEO has an expense ratio of 0.60%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZEO and ZEB?
ZEO's largest holdings include Cenovus Energy, Inc., ARC Resources Ltd., and TC Energy Corp.. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZEO or ZEB?
ZEO holds 12 securities, while ZEB holds 6. On holdings count, ZEO is the more diversified portfolio.
Recent articles about ZEO and ZEB
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