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BMO SPDR Energy Select Sector Index ETF (ZXLE) and BMO Equal Weight Oil & Gas Index ETF (ZEO) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLE focuses its top 3 sector exposures on Energy, while ZEO leans towards Energy. When evaluating costs, ZXLE features a management fee (MER) of 0.21%, compared to 0.55% for ZEO. Performance-wise, ZXLE has returned 27.4% year-to-date with +$9 M in net flows, whereas ZEO is at 23.49% with +$45 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
ZEO
| AuM | $11.78 M | $325.68 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.60% |
| Tracking Difference | - | -0.84% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLE | -7.18% | +15.80% | +27.40% | +39.53% | - |
ZEO | -4.82% | +16.86% | +23.49% | +44.40% | +79.53% | |
| Flows | ZXLE | +$0 M | +$7 M | +$9 M | +$2 M | - |
ZEO | +$3 M | +$39 M | +$45 M | +$48 M | +$3 M |
ZXLE vs ZEO exposure
Countries
ZXLE
USA
95.80%
ZEO
Canada
100.00%
Sectors
ZXLE
Energy
99.86%
ZEO
Energy
92.01%
Other
7.99%
As of April 24, 2026
Top 10 Holdings
ZXLE
EXXON
23.77%
CHEVRON TEXACO
17.32%
CONOCOPHILLIPS
7.22%
EOG RESOURCES
4.15%
SCHLUMBERGER
4.07%
WILLIAMS
4.06%
VALERO ENERGY
3.99%
PHILLIPS 66
3.89%
MARATHON PETROLEUM
3.81%
KINDER MORGAN
3.48%
ZEO
CENOVUS ENERGY
9.16%
SUNCOR ENERGY
9.07%
WHITECAP RESOURCES
8.62%
ARC RESOURCES
8.60%
IMPERIAL OIL
8.57%
CDN NATURAL RESOURCE
8.33%
TOURMALINE OIL
8.29%
CA83671M1059
7.99%
PEMBINA PIPELINE
7.92%
KEYERA
7.88%
Diversification
ZXLE
Total weight of top 10 holdings out of 22 total
75.77%
ZEO
Total weight of top 10 holdings out of 12 total
84.43%
Characteristics
Compare
ZXLE
ZEO
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Energy Select Sector Total Return Index - USD | Solactive Equal Weight Canada Oil & Gas Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.68% | 2.88% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | October 20, 2009 |
Frequently asked questions about ZXLE and ZEO
Which ETF has performed better year to date: ZXLE or ZEO?
As of April 24, 2026, ZXLE has returned 27.40% year to date, while ZEO has returned 23.49%. ZXLE is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLE or ZEO?
As of April 24, 2026, ZXLE manages $11.78 M in assets, while ZEO manages $325.68 M. ZEO is the larger fund by AUM.
How are ZXLE and ZEO managed?
ZXLE is passively managed by BMO. It tracks the S&P Energy Select Sector Total Return Index - USD benchmark. ZEO is passively managed by BMO. It tracks the Solactive Equal Weight Canada Oil & Gas Index - CAD benchmark.
What sectors do ZXLE and ZEO emphasize?
ZXLE is most exposed to Energy. ZEO is most exposed to Energy.
Which ETF is attracting more investor flows: ZXLE or ZEO?
Year to date, ZXLE has seen +$8.85 M in net flows, compared with +$45.04 M for ZEO. ZEO has attracted more net investor money so far.
How do the fees of ZXLE and ZEO compare?
ZXLE has an expense ratio of 0.21%, while ZEO has an expense ratio of 0.60%.
What are the top holdings of ZXLE and ZEO?
ZXLE's largest holdings include EXXON, CHEVRON TEXACO, and CONOCOPHILLIPS. ZEO's top holdings include CENOVUS ENERGY, SUNCOR ENERGY, and WHITECAP RESOURCES.
Which ETF is more diversified: ZXLE or ZEO?
ZXLE holds 22 securities, while ZEO holds 12. On holdings count, ZXLE is the more diversified portfolio.
Recent articles about ZXLE and ZEO
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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.