Wealth Awesome Rating: 84/100
This equity ETF has an MER of 0.13%. With lower than average fees, it’s a cost-effective option. Managing 684 million in assets, it’s less popular among investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.
ZUE trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The BMO SP 500 Hedged to CAD Index (ZUE) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.
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What is the BMO SP 500 Hedged to CAD Index ETF
A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.13%. This ETF trades on the TSX exchange.ZUE stock price and other stats
ETF Key Stats
Exchange: TSX
Assets Under Management: $684MM
Expense Ratio: 0.13%
Price: $71.86 (Updated: 3/7/2024)
BMO SP 500 Hedged to CAD Index (ZUE) Breakdown by Market Cap
| Category | Value |
|---|---|
| Mega | 46.85754 |
| Big | 35.00573 |
| Medium | 18.37185 |
| Small | 0.32215 |
| Micro | 0 |
BMO SP 500 Hedged to CAD Index (ZUE) Sector Breakdown
| Sector | Equity % | Relative to Category |
|---|---|---|
| Basic Materials | 2.18366 | 2.30891 |
| Consumer Cyclicals | 10.97871 | 11.05899 |
| Financial Services | 12.56648 | 13.19634 |
| Real Estate | 2.49548 | 1.85655 |
| Communication Services | 8.56965 | 8.564 |
| Energy | 3.89236 | 3.51122 |
| Industrials | 8.37261 | 9.29279 |
| Technology | 29.82969 | 29.30908 |
| Consumer Defensive | 6.09815 | 5.70742 |
| Healthcare | 12.7008 | 13.25845 |
| Utilities | 2.31239 | 1.93624 |
BMO SP 500 Hedged to CAD Index (ZUE) Geographic Breakdown
| Region | Equity % | Relative to Category |
|---|---|---|
| North America | 99.435 | 98.591 |
| United Kingdom | 0.0677 | 0.32161 |
| Europe Developed | 0.458 | 0.753 |
| Europe Emerging | 0 | 0 |
| Africa/Middle East | 0 | 0.03 |
| Japan | 0 | 0.071 |
| Australasia | 0 | 0 |
| Asia Developed | 0.04 | 0.046 |
| Asia Emerging | 0 | 0.084 |
| Latin America | 0 | 0.103 |
ZUE Management Expense Ratio
ZUE has a management expense ratio of 0.13% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.ZUE Comparisons
- BMO SP 500 Hedged to CAD Index (ZUE) vs Horizons SP 500 Index (HXS)
- ZUE is better performing (8.24% YTD vs 10.05%). ZUE is less expensive (0.13% vs 0.17% MER).
- ZUE is better performing (8.24% YTD vs 10.03%). VFV is less expensive (0.08% vs 0.13% MER).
- ZUE is better performing (8.24% YTD vs 7.27%). VSP is less expensive (0.13% vs 0.13% MER).
- iShares Core SP 500 Index is better performing (9.36% YTD vs 8.24%). XUS is less expensive (0.11% vs 0.13% MER).
S&P500 ETF Comparisons
| ETF | Inception | MER | AUM | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| HXS | 2010-11-30 | 0.17%% | $287.0 | 28.17% | 13.92% | 14.89% | 14.44% |
| VFV | 2012-11-02 | 0.08%% | $604.0 | 28.26% | 13.97% | 14.93% | 14.51% |
| VSP | 2012-11-02 | 0.13%% | $129.0 | 26.27% | 10.34% | 13.18% | 11.25% |
| XUS | 2013-04-10 | 0.11%% | $478.0 | 26.75% | 13.78% | 14.65% | 14.52% |
| ZUE | 2009-05-29 | 0.13%% | $684.0 | 29.47% | 10.60% | 13.57% | 11.28% |
How to Buy BMO SP 500 Hedged to CAD Index TSX ETF
You can buy ZUE on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:| Image | Product Title | Features | Price |
|---|---|---|---|
Editor's Choice  |
| Get $25 Signup Bonus | |
Reliable Pick  |
| Get $50 Free Stock Trades |
