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 48.49% year-to-date with +$5 M in net flows, whereas XEG is at 52.81% with +$10 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 | $9.51 M | $2,391.97 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.61% |
| Tracking Difference | - | 4.63% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLE | +3.88% | +17.50% | +48.49% | +49.11% | - |
XEG | +2.82% | +15.44% | +52.81% | +59.55% | +84.91% | |
| Flows | ZXLE | +$1 M | +$0 M | +$5 M | +$5 M | - |
XEG | -$31 M | -$151 M | +$10 M | +$215 M | -$400 M |
ZXLE vs XEG exposure
Countries
ZXLE
USA
79.18%
Other
20.82%
XEG
Canada
99.97%
Sectors
ZXLE
Energy
77.73%
Other
20.82%
XEG
Energy
95.44%
As of September 16, 2026
Top 10 Holdings
ZXLE
Chevron Corp.
15.29%
ConocoPhillips
6.09%
Marathon Petroleum Corp.
4.94%
Phillips 66
4.92%
Valero Energy Corp.
4.76%
EOG Resources, Inc.
4.56%
SLB Ltd.
4.33%
Kinder Morgan, Inc.
3.88%
The Williams Cos., Inc.
3.87%
Baker Hughes Co.
3.73%
XEG
Suncor Energy, Inc.
25.76%
Canadian Natural Resources Ltd.
25.07%
Cenovus Energy, Inc.
13.38%
Imperial Oil Ltd.
6.32%
Tourmaline Oil Corp.
5.36%
Whitecap Resources, Inc.
4.66%
ARC Resources Ltd.
4.36%
PrairieSky Royalty Ltd.
1.89%
Tamarack Valley Energy Ltd.
1.49%
Peyto Exploration & Development Corp.
1.22%
Diversification
ZXLE
Total weight of top 10 holdings out of 20 total
56.38%
XEG
Total weight of top 10 holdings out of 27 total
89.50%
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 | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.30% | 2.41% |
| 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 September 16, 2026, ZXLE has returned 48.49% year to date, while XEG has returned 52.81%. XEG is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLE or XEG?
As of September 16, 2026, ZXLE manages $9.51 M in assets, while XEG manages $2.39 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.
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.
Which ETF is attracting more investor flows: ZXLE or XEG?
Year to date, ZXLE has seen +$5.29 M in net flows, compared with +$10.48 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 are the top holdings of ZXLE and XEG?
ZXLE's largest holdings include Chevron Corp., ConocoPhillips, and Marathon Petroleum Corp.. XEG's top holdings include Suncor Energy, Inc., Canadian Natural Resources Ltd., and Cenovus Energy, Inc..
Which ETF is more diversified: ZXLE or XEG?
ZXLE holds 20 securities, while XEG holds 27. On holdings count, XEG is the more diversified portfolio.
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.