VS
BMO SPDR Energy Select Sector Index ETF (ZXLE) and iShares S&P/TSX Capped Energy Index ETF (XEG) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLE focuses its top 3 sector exposures on Energy and Finance, while XEG leans towards Energy, Finance, and Non-Energy Materials. When evaluating costs, ZXLE features a management fee (MER) of 0.21%, compared to 0.55% for XEG. Performance-wise, ZXLE has returned 55.69% year-to-date with +$6 M in net flows, whereas XEG is at 59.17% with +$41 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
ZXLE
XEG
| AuM | $11.08 M | $2,512.33 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.61% |
| Tracking Difference | - | 4.69% |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLE | +5.10% | +14.86% | +55.69% | +55.38% | - |
XEG | +4.24% | +11.99% | +59.17% | +67.94% | +88.13% | |
| Flows | ZXLE | +$1 M | +$2 M | +$6 M | +$8 M | - |
XEG | -$125 M | -$4 M | +$41 M | +$290 M | -$422 M |
ZXLE vs XEG exposure
Countries
ZXLE
USA
72.85%
Other
27.15%
XEG
Canada
99.93%
Sectors
ZXLE
Energy
71.83%
Other
28.17%
XEG
Energy
95.08%
As of November 2, 2026
Top 10 Holdings
ZXLE
US81369Y5069
100.00%
XEG
Suncor Energy, Inc.
26.38%
Canadian Natural Resources Ltd.
24.18%
Cenovus Energy, Inc.
14.78%
Imperial Oil Ltd.
6.68%
Tourmaline Oil Corp.
5.72%
Whitecap Resources, Inc.
5.44%
PrairieSky Royalty Ltd.
1.95%
Tamarack Valley Energy Ltd.
1.60%
Athabasca Oil Corp.
1.27%
Peyto Exploration & Development Corp.
1.19%
Diversification
ZXLE
Total weight of top 10 holdings out of 19 total
100.00%
XEG
Total weight of top 10 holdings out of 26 total
89.19%
Characteristics
Compare
ZXLE
XEG
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Energy Select Sector Total Return Index - USD | S&P/TSX Capped Energy Index - CAD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.19% | 2.23% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | March 19, 2001 |
Frequently asked questions about ZXLE and XEG
Which ETF has performed better year to date: ZXLE or XEG?
As of November 2, 2026, ZXLE has returned 55.69% year to date, while XEG has returned 59.17%. XEG is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLE or XEG?
As of November 2, 2026, ZXLE manages $11.08 M in assets, while XEG manages $2.51 B. XEG is the larger fund by AUM.
How are ZXLE and XEG managed?
ZXLE is passively managed by BMO. It tracks the S&P Energy Select Sector Total Return Index - USD benchmark. XEG is passively managed by iShares. It tracks the S&P/TSX Capped Energy Index - CAD benchmark.
Which ETF is more diversified: ZXLE or XEG?
ZXLE holds 1 securities, while XEG holds 26. On holdings count, XEG is the more diversified portfolio.
Which ETF is attracting more investor flows: ZXLE or XEG?
Year to date, ZXLE has seen +$6.43 M in net flows, compared with +$41.33 M for XEG. XEG has attracted more net investor money so far.
How do the fees of ZXLE and XEG compare?
ZXLE has an expense ratio of 0.21%, while XEG has an expense ratio of 0.61%.
What sectors do ZXLE and XEG emphasize?
ZXLE is most exposed to Energy and Finance. XEG is most exposed to Energy, Finance, and Non-Energy Materials.
Recent articles about ZXLE and XEG
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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.