ZEO.TO
BMO Equal Weight Oil & Gas Index ETF
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 361.1 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Inception date | Oct 20, 2009 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CENOVUS ENERGY INC | 10.1 % |
| SUNCOR ENERGY INC | 8.9 % |
| WHITECAP RESOURCES INC | 8.8 % |
| ARC RESOURCES LTD | 8.7 % |
| IMPERIAL OIL LTD | 8.4 % |
| SOUTH BOW CORP | 8.2 % |
| PEMBINA PIPELINE CORP | 8.1 % |
| KEYERA CORP | 8.0 % |
| TRANSCANADA CORP | 7.9 % |
| TOURMALINE OIL CORP | 7.8 % |
Constituent Breakdown
| Number of holdings | 13 |
| Herfindahl-Hirschman Index | 839 |
| Wgt avg mkt cap (mns) | $34,677 |
| Large cap (>$10bn) | 75.0% |
| Mid cap ($2-10bn) | 16.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 100.0 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 30.9% | 43.4% | 19.2% | 22.1% | 20.8% | 6.1% | -- | 100.7% |
| Dividend Yield | 1.0% | 4.9% | 4.3% | 4.9% | 5.1% | 4.2% | -- | 8.6% |
| Total Returns | 31.8% | 48.2% | 23.5% | 27.0% | 25.9% | 10.3% | -- | 109.3% | Ann. Volatility | 21.1% | 16.9% | 19.2% | 18.1% | 21.2% | 27.3% | -- | 999.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -0.21 | 2% |
| MSCI EAFE | -0.19 | 3% |
| MSCI Emg Mkts | -0.14 | 3% |
Liquidity Measures
| Avg. volume (000) | 35 |
| ADV traded (mns) | $4 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $105.33 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 1.56/2.15 |
| Bollinger Bands (Upper/Lower) | $112.73/$101.66 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ZEO.TO |
Expenses vs. ZEO.TO |
ALTAR Score™ vs. ZEO.TO |
|---|---|---|---|---|
| NRGY.TO | Global X Equal Weight Canadian Oil & Gas Index ETF | 99.2% | -15 bp | +0.1% |
| XEG.TO | iShares S&P/TSX Capped Energy Index ETF | 48.1% | +6 bp | +1.2% |
| PPLN.TO | Global X Equal Weight Canadian Pipelines Index ETF | 39.8% | -30 bp | -2.4% |
| ZDIV.TO | BMO MSCI Canada IMI High Dividend Yield Index ETF | 35.5% | -46 bp | +1.3% |
| KNGC.TO | Brompton Canadian Cash Flow Kings ETF | 30.2% | -10 bp | +2.1% |
| VDY.TO | Vanguard FTSE Canadian High Dividend Yield Index ETF | 30.1% | -35 bp | +0.3% |
| MORE.TO | Mackenzie Core Resources ETF | 29.1% | +20 bp | +0.7% |
| XEI.TO | iShares S&P/TSX Composite High Dividend Index ETF | 28.9% | -33 bp | +0.3% |
| XDIV.TO | iShares Core MSCI Canadian Quality Dividend Index ETF | 28.1% | -44 bp | +1.2% |
| XCV.TO | iShares Canadian Value Index ETF | 27.8% | 0 bp | +0.2% |
Risk and Returns: ZEO.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
5.9%
ALTAR SCORE™
50th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. ZEO.TO's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places ZEO.TO in the 50th percentile
among funds in the category.
Sell-Side Consensus
$102.38
PRICE TARGET
-6.3%
UPSIDE