Underlying Asset Performance: ZEAT.TO's price heavily relies on the performance of the Canadian equity market it tracks. Positive market performance generally leads to higher ZEAT.TO prices, and vice versa.

Supply and Demand: Increased investor demand for ZEAT.TO can drive up its price, while increased selling pressure can push it down. Market sentiment and broader economic conditions influence supply and demand.

Management Fees and Expenses: The ETF's expense ratio directly affects its overall return. Higher fees can slightly reduce the net asset value and market price of ZEAT.TO relative to its benchmark index.

Currency Fluctuations: Since ZEAT.TO invests in Canadian equities, exchange rate fluctuations between the Canadian dollar and other currencies can impact its price, especially for international investors.

Index Tracking Accuracy: Imperfect tracking of the underlying index can lead to slight deviations between ZEAT.TO's price and the index's performance. This tracking error can be due to sampling techniques or operational inefficiencies.