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 $102.20 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: +9.96%, 1-year: +18.18%, 3-year annualised: +19.88%, 5-year annualised: +11.18%, 10-year annualised: +13.38%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.02, 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 0.82%, 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 (39.0%), Financial Services (11.5%), Communication Services (10.2%). 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 $4.93B 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 13.04% and a beta of 0.94 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.02 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
2026-08-20	$102.69	$102.72	$102.20	$102.20	$102.20	6,392
2026-08-19	$103.06	$103.32	$102.97	$102.99	$102.99	3,091
2026-08-18	$103.05	$103.05	$102.83	$102.83	$102.83	8,719
2026-08-17	$103.94	$103.94	$103.53	$103.53	$103.53	6,570
2026-08-14	$104.27	$104.27	$104.00	$104.05	$104.05	6,497
2026-08-13	$104.25	$104.45	$104.00	$104.26	$104.26	4,321
2026-08-12	$103.64	$103.70	$103.47	$103.57	$103.57	15,316
2026-08-11	$103.77	$103.77	$103.18	$103.25	$103.25	7,561
2026-08-10	$103.55	$103.83	$103.52	$103.61	$103.61	15,978
2026-08-07	$103.34	$103.71	$103.26	$103.66	$103.66	4,288

Sector	Weight
Technology	39.02%
Financial Services	11.52%
Communication Services	10.20%
Consumer Cyclicals	9.49%
Healthcare	8.34%
Industrials	8.21%
Consumer Defensive	4.56%
Energy	3.01%
Utilities	2.15%
Real Estate	1.81%
Basic Materials	1.69%

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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