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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 and Finance, 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 59.06% year-to-date with +$6 M in net flows, whereas ZEO is at 48% with +$144 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 | $11.32 M | $491.12 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.60% |
| Tracking Difference | - | -0.82% |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLE | +10.14% | +17.17% | +59.06% | +60.15% | - |
ZEO | +9.36% | +5.55% | +48.00% | +52.92% | +99.84% | |
| Flows | ZXLE | +$1 M | +$2 M | +$6 M | +$8 M | - |
ZEO | +$6 M | +$28 M | +$144 M | +$151 M | +$120 M |
ZXLE vs ZEO exposure
Countries
ZXLE
USA
72.85%
Other
27.15%
ZEO
Canada
100.00%
Sectors
ZXLE
Energy
71.83%
Other
28.17%
ZEO
Energy
100.00%
As of October 29, 2026
Top 10 Holdings
ZXLE
US81369Y5069
100.00%
ZEO
Suncor Energy, Inc.
9.76%
Cenovus Energy, Inc.
9.31%
Whitecap Resources, Inc.
9.24%
Imperial Oil Ltd.
9.22%
Canadian Natural Resources Ltd.
9.10%
TC Energy Corp.
9.07%
Enbridge, Inc.
9.06%
Tourmaline Oil Corp.
9.04%
Pembina Pipeline Corp.
8.96%
South Bow Corp.
8.72%
Diversification
ZXLE
Total weight of top 10 holdings out of 19 total
100.00%
ZEO
Total weight of top 10 holdings out of 11 total
91.46%
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 | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.14% | 2.67% |
| 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 October 29, 2026, ZXLE has returned 59.06% year to date, while ZEO has returned 48.00%. ZXLE is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLE or ZEO?
As of October 29, 2026, ZXLE manages $11.32 M in assets, while ZEO manages $491.12 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.
Which ETF is more diversified: ZXLE or ZEO?
ZXLE holds 1 securities, while ZEO holds 11. On holdings count, ZEO is the more diversified portfolio.
Which ETF is attracting more investor flows: ZXLE or ZEO?
Year to date, ZXLE has seen +$6.43 M in net flows, compared with +$144.24 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 sectors do ZXLE and ZEO emphasize?
ZXLE is most exposed to Energy and Finance. ZEO is most exposed to Energy.
Recent articles about ZXLE and ZEO
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