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 $102.13 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: +9.89%, 1-year: +15.96%, 3-year annualised: +20.67%, 5-year annualised: +11.36%, 10-year annualised: +13.59%. 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 (38.5%), Financial Services (12.1%), 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 $4.95B 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
2026-10-01	$102.27	$102.34	$101.63	$102.13	$102.13	18,388
2026-09-30	$102.57	$102.92	$102.02	$102.02	$102.02	110,094
2026-09-29	$102.70	$102.70	$102.03	$102.23	$102.23	16,641
2026-09-28	$102.74	$103.11	$102.42	$102.65	$102.65	12,169
2026-09-25	$103.00	$103.50	$102.83	$103.50	$103.50	33,791
2026-09-24	$102.60	$103.01	$102.41	$102.95	$102.95	10,382
2026-09-23	$103.17	$103.30	$102.84	$102.91	$102.91	17,475
2026-09-22	$103.77	$103.94	$103.70	$103.76	$103.76	16,879
2026-09-21	$102.79	$103.93	$102.79	$103.74	$103.74	7,767
2026-09-18	$102.06	$102.13	$101.75	$101.94	$101.94	8,090

Sector	Weight
Technology	38.46%
Financial Services	12.11%
Communication Services	9.62%
Consumer Cyclicals	9.35%
Healthcare	9.29%
Industrials	7.81%
Consumer Defensive	4.46%
Energy	3.40%
Utilities	2.00%
Real Estate	1.81%
Basic Materials	1.68%

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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