Question 1

What is ZEO?

Accepted Answer

ZEO — BMO Equal Weight Oil & Gas Index ETF — is a Canadian-listed ETF trading on the TSX. 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.

Question 2

What is the ZEO ETF price today?

Accepted Answer

ZEO last traded at $110.54 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZEO MER (management expense ratio)?

Accepted Answer

ZEO has a management expense ratio (MER) of 60% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time.

Question 4

What are ZEO annualised returns?

Accepted Answer

ZEO historical returns: YTD: +36.38%, 1-year: +47.30%, 3-year annualised: +23.64%, 5-year annualised: +26.84%, 10-year annualised: +10.51%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.30, which measures risk-adjusted return.

Question 5

Does ZEO pay dividends or distributions?

Accepted Answer

Yes, ZEO distributes income to unitholders. The current distribution yield is approximately 2.66%, paid quarterly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ZEO invest in?

Accepted Answer

ZEO's top holdings include Cenovus Energy Inc (CVE, 10.0%), ARC Resources Ltd. (ARX, 9.3%), Suncor Energy Inc (SU, 8.8%), Whitecap Resources Inc. (WCP, 8.7%), South Bow Corporation (SOBO, 8.3%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Gbl Oil&Gas EandP GR CAD.

Question 7

What sectors does ZEO invest in?

Accepted Answer

ZEO's largest sector exposures are Energy (100.0%), Basic Materials (0.0%), Consumer Cyclicals (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZEO? (Assets under management)

Accepted Answer

ZEO has approximately $468M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ZEO launched?

Accepted Answer

ZEO was launched on October 20, 2009, giving it a 17-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ZEO in Canada?

Accepted Answer

ZEO trades on the TSX under the ticker ZEO. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ZEO?

Accepted Answer

ZEO has a 1-year volatility of 18.67% and a beta of 0.64 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.30 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-09-10	$112.47	$112.47	$110.16	$110.54	$110.54	25,240
2026-09-09	$112.39	$112.45	$111.52	$111.88	$111.88	20,501
2026-09-08	$110.97	$112.22	$110.69	$111.40	$111.40	13,055
2026-09-04	$110.45	$110.55	$109.23	$110.12	$110.12	10,000
2026-09-03	$111.82	$112.30	$111.16	$111.18	$111.18	13,333
2026-09-02	$112.97	$112.97	$111.66	$111.72	$111.72	34,212
2026-09-01	$112.35	$113.39	$111.80	$113.30	$113.30	66,434
2026-08-31	$111.40	$111.81	$109.83	$111.13	$111.13	30,893
2026-08-28	$109.90	$110.08	$109.50	$109.98	$109.98	18,912
2026-08-27	$110.42	$110.57	$109.40	$110.30	$110.30	10,844

#	Ticker	Name	Weight
1	CVE	Cenovus Energy Inc	9.96%
2	ARX	ARC Resources Ltd.	9.27%
3	SU	Suncor Energy Inc	8.85%
4	WCP	Whitecap Resources Inc.	8.65%
5	SOBO	South Bow Corporation	8.29%
6	KEY	Keyera Corp.	8.25%
7	PPL	Pembina Pipeline Corp	8.21%
8	IMO	Imperial Oil Ltd	8.21%
9	TRP	TC Energy Corp	7.91%
10	CNQ	Canadian Natural Resources Ltd	7.70%

Sector	Weight
Energy	100.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

Ticker	Name	Price	1D
OILU		$65.56	+11.27%
HOU	BetaPro Crude Oil Daily Bull ETF	$29.03	+11.14%
SLVD	BetaPro Silver -2x Daily Bear ETF	$31.94	+10.98%
CGMD		$5.11	+10.61%
SOXD		$15.41	+7.69%
AAPU		$43.36	+7.33%
MSTZ		$3.24	+7.28%
GASD		$5.46	+6.64%

CIBC Investor's Edge

BMO Equal Weight Oil & Gas Index ETF (ZEO : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Equal Weight Oil & Gas Index ETF

ETF Details

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Frequently Asked Questions — ZEO