Question 1

What is ZUE?

Accepted Answer

ZUE (BMO S&P 500 (CAD Hedged)) is a Canadian-listed ETF trading on the TSX in the US Equity category. It tracks the Morningstar US Market TR CAD.

Question 2

What is the ZUE ETF price today?

Accepted Answer

ZUE last traded at $101.45 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZUE MER (management expense ratio)?

Accepted Answer

ZUE has a management expense ratio (MER) of 0% 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. At 0%, ZUE is considered a low-cost ETF.

Question 4

What are ZUE annualised returns?

Accepted Answer

ZUE historical returns: YTD: +9.16%, 1-year: +17.70%, 3-year annualised: +19.43%, 5-year annualised: +10.95%, 10-year annualised: +13.46%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.14, which measures risk-adjusted return.

Question 5

Does ZUE pay dividends or distributions?

Accepted Answer

Yes, ZUE distributes income to unitholders. The current distribution yield is approximately 0.80%, 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 ZUE invest in?

Accepted Answer

ZUE's top holdings include BMO S&P 500 Index ETF (ZSP, 100.0%). See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar US Market TR CAD.

Question 7

What sectors does ZUE invest in?

Accepted Answer

ZUE's largest sector exposures are Technology (38.7%), Financial Services (12.0%), Communication Services (9.6%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZUE? (Assets under management)

Accepted Answer

ZUE has approximately $4.94B 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 ZUE launched?

Accepted Answer

ZUE was launched on May 29, 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 ZUE in Canada?

Accepted Answer

ZUE trades on the TSX under the ticker ZUE. 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 ZUE?

Accepted Answer

ZUE has a 1-year volatility of 13.08% and a beta of 0.94 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.14 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	$101.56	$101.72	$101.35	$101.45	$101.45	24,030
2026-09-09	$102.22	$102.28	$101.95	$102.05	$102.05	5,583
2026-09-08	$102.90	$103.00	$102.47	$102.47	$102.47	2,875
2026-09-04	$103.31	$103.40	$103.03	$103.09	$103.09	24,600
2026-09-03	$102.98	$103.57	$102.79	$103.55	$103.55	3,493
2026-09-02	$102.08	$102.60	$102.08	$102.42	$102.42	10,533
2026-09-01	$102.07	$102.30	$101.76	$101.98	$101.98	4,292
2026-08-31	$102.84	$102.84	$102.48	$102.81	$102.81	8,650
2026-08-28	$103.44	$103.83	$103.01	$103.11	$103.11	3,232
2026-08-27	$102.92	$103.40	$102.92	$103.31	$103.31	11,435

Sector	Weight
Technology	38.69%
Financial Services	11.96%
Communication Services	9.62%
Consumer Cyclicals	9.50%
Healthcare	8.95%
Industrials	8.18%
Consumer Defensive	4.46%
Energy	3.14%
Utilities	2.04%
Real Estate	1.82%
Basic Materials	1.65%

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 S&P 500 (CAD Hedged) (ZUE : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Compare ZUE

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Frequently Asked Questions — ZUE