A side-by-side comparison of BMO Equal Weight Oil & Gas Index ETF (ZEO) and Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ZEO | NRGY |
|---|---|---|
| YTD Return | +33.93%✓ | +32.96% |
| 1-Day Change | +2.16%✓ | +2.09% |
| 1-Week Change | +0.01%✓ | -0.45% |
| 1-Month Change | +2.89%✓ | +2.52% |
| Current Price | $108.55 | $28.84 |
| AUM | $341M✓ | $282M |
| MER (Expense Ratio) | 60% | — |
| Dividend Yield | 2.65% | 3.13%✓ |
| Distribution Frequency | Quarterly | Annually |
| Inception Date | 2009-10-20 | 2024-11-06 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★ | — |
| Category | Energy Equity | Energy Equity |
| Beta | 0.65 | 0.00 |
| 52-Week High | $113.01 | $29.97 |
| 52-Week Low | $71.30 | $18.68 |
| 50-Day MA | $103.72 | $27.65 |
| 200-Day MA | $88.67 | $23.53 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZEO | NRGY |
|---|---|---|
| YTD | +33.93%✓ | +32.96% |
| 1 Year | +50.06% | +52.99%✓ |
| 3 Year | +27.53% | — |
| 5 Year | +26.16% | — |
| 10 Year | +10.40% | — |
| 1Y Volatility | 15.93% | 15.84% |
| Sharpe Ratio (3Y) | 1.52 | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | CVE | Cenovus Energy Inc | 9.82% |
| 2 | ARX | ARC Resources Ltd. | 9.36% |
| 3 | SU | Suncor Energy Inc | 9.13% |
| 4 | WCP | Whitecap Resources Inc. | 8.87% |
| 5 | IMO | Imperial Oil Ltd | 8.55% |
| 6 | CNQ | Canadian Natural Resources Ltd | 7.88% |
| 7 | PPL | Pembina Pipeline Corp | 7.84% |
| 8 | TOU | Tourmaline Oil Corp. | 7.83% |
| 9 | TRP | TC Energy Corp | 7.77% |
| 10 | SOBO | South Bow Corporation | 7.70% |
| 1 | CVE | Cenovus Energy Inc | 9.72% |
| 2 | ARX | ARC Resources Ltd. | 9.10% |
| 3 | SU | Suncor Energy Inc | 8.86% |
| 4 | WCP | Whitecap Resources Inc. | 8.75% |
| 5 | IMO | Imperial Oil Ltd | 8.56% |
| 6 | PPL | Pembina Pipeline Corp | 8.13% |
| 7 | TRP | TC Energy Corp | 8.11% |
| 8 | ENB | Enbridge Inc | 7.90% |
| 9 | SOBO | South Bow Corporation | 7.87% |
| 10 | TOU | Tourmaline Oil Corp. | 7.70% |
Sector Weights
| Sector | ZEO | NRGY |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 100.00% | 100.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About ZEO
The BMO Equal Weight Oil and Gas Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Oil and Gas Index, net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index.
About NRGY
Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both ZEO and NRGY are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, ZEO scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between ZEO and NRGY?
ZEO (BMO Equal Weight Oil & Gas Index ETF) and NRGY (Global X Equal Weight Canadian Oil & Gas Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($341M vs $282M), dividend yield (2.65% vs 3.13%), and year-to-date performance (+33.93% vs +32.96%).
Is ZEO better than NRGY?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ZEO has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ZEO and NRGY on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZEO and NRGY should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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