A side-by-side comparison of Hamilton Energy YIELD MAXIMIZER ETF (EMAX) and BMO Equal Weight Oil & Gas Index ETF (ZEO) 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 | EMAX | ZEO |
|---|---|---|
| YTD Return | +14.28% | +27.95%✓ |
| 1-Day Change | +0.38% | +0.79%✓ |
| 1-Week Change | -1.80%✓ | -2.50% |
| 1-Month Change | -7.69% | -7.02%✓ |
| Current Price | $15.85 | $103.70 |
| AUM | $486M✓ | $352M |
| MER (Expense Ratio) | — | 60% |
| Dividend Yield | 10.78%✓ | 2.69% |
| Distribution Frequency | Monthly | Quarterly |
| Inception Date | 2024-02-06 | 2009-10-20 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | — | ★★★★ |
| Category | Energy Equity | Energy Equity |
| Beta | 0.00 | 0.61 |
| 52-Week High | $17.89 | $113.01 |
| 52-Week Low | $11.59 | $71.67 |
| 50-Day MA | $16.57 | $104.74 |
| 200-Day MA | $15.21 | $90.71 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | EMAX | ZEO |
|---|---|---|
| YTD | +14.28% | +27.95%✓ |
| 1 Year | +10.41% | +48.22%✓ |
| 3 Year | — | +27.33% |
| 5 Year | — | +24.77% |
| 10 Year | — | +10.99% |
| 1Y Volatility | 18.15% | 15.93% |
| Sharpe Ratio (3Y) | — | 1.52 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | MPC | Marathon Petroleum Corp | 5.58% |
| 2 | SLB | Schlumberger NV | 5.54% |
| 3 | BKR | Baker Hughes Co | 5.44% |
| 4 | CVE | Cenovus Energy Inc | 5.35% |
| 5 | FANG | Diamondback Energy Inc | 5.30% |
| 6 | VLO | Valero Energy Corporation | 5.30% |
| 7 | HAL | Halliburton Company | 5.27% |
| 8 | PSX | Phillips 66 | 5.26% |
| 9 | SU | Suncor Energy Inc | 5.13% |
| 10 | OXY | Occidental Petroleum Corporation | 5.06% |
| 1 | CVE | Cenovus Energy Inc | 10.13% |
| 2 | SU | Suncor Energy Inc | 8.86% |
| 3 | WCP | Whitecap Resources Inc. | 8.84% |
| 4 | ARX | ARC Resources Ltd. | 8.66% |
| 5 | IMO | Imperial Oil Ltd | 8.42% |
| 6 | SOBO | South Bow Corporation | 8.08% |
| 7 | PPL | Pembina Pipeline Corp | 8.03% |
| 8 | KEY | Keyera Corp. | 7.99% |
| 9 | TRP | TC Energy Corp | 7.87% |
| 10 | TOU | Tourmaline Oil Corp. | 7.74% |
Sector Weights
| Sector | EMAX | ZEO |
|---|---|---|
| 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 EMAX
Hamilton Energy YIELD MAXIMIZER ETF (EMAX.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
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.
Which ETF is Right for You?
Both EMAX and ZEO 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, EMAX 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 EMAX and ZEO?
EMAX (Hamilton Energy YIELD MAXIMIZER ETF) and ZEO (BMO Equal Weight Oil & Gas Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($486M vs $352M), dividend yield (10.78% vs 2.69%), and year-to-date performance (+14.28% vs +27.95%).
Is EMAX better than ZEO?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy EMAX and ZEO on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both EMAX and ZEO should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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