VS
CI Canadian Aggregate Bond Index ETF (CAGG) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CAGG focuses its top 3 sector exposures on Municipal, Sovereign, and Government agencies, while ZUT leans towards Utilities. When evaluating costs, CAGG features a management fee (MER) of 0.18%, compared to 0.55% for ZUT. Performance-wise, CAGG has returned 0.32% year-to-date with -$228 M in net flows, whereas ZUT is at 14.95% with -$59 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CAGG
ZUT
| AuM | $736.89 M | $871.58 M |
| Management Fees | 0.18% | 0.55% |
| Exp. ratio | 0.08% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of April 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CAGG | +0.38% | -0.25% | +0.32% | +1.54% | +11.71% |
ZUT | +0.27% | +12.10% | +14.95% | +28.03% | +38.15% | |
| Flows | CAGG | +$15 M | -$119 M | -$228 M | -$362 M | +$725 M |
ZUT | +$18 M | -$36 M | -$59 M | +$132 M | +$256 M |
CAGG vs ZUT exposure
Countries
CAGG
Canada
99.86%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
CAGG
Municipal
29.54%
Sovereign
26.17%
Other
11.91%
Government agencies
7.23%
Other
25.14%
ZUT
Utilities
100.00%
As of April 30, 2026
Top 10 Holdings
CAGG
CA135087T388
2.64%
Canada, Bonds 3.25% 1jun2035, CAD
2.23%
Canada, Bonds 3.25% 1dec2034, CAD
1.88%
Canada, Bonds 2.75% 1mar2030, CAD
1.75%
CA135087T537
1.74%
Canada, Bonds 2.75% 1may2027, CAD
1.68%
Canada, Bond 1.5 1jun2031 10Y
1.48%
Canada, Bond 1.25 1jun2030 10Y
1.46%
CA135087T461
1.25%
CA135087T792
1.17%
ZUT
BORALEX
9.91%
NORTHLAND POWER
7.97%
BROOKFIELD RENEWABLE PARTNERS
7.84%
CAPITAL POWER
7.84%
ALTAGAS
7.70%
ATCO
7.53%
ALGONQUIN POWER
7.52%
TRANSALTA
7.49%
EMERA
7.42%
CANADIAN UTILITIES
7.38%
Diversification
CAGG
Total weight of top 10 holdings out of 1,046 total
17.26%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
CAGG
ZUT
| Provider | CI | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Universe Bond TR Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.53% | 2.92% |
| Meets ESG criteria | No | No |
| Inception Date | June 22, 2017 | January 19, 2010 |
Frequently asked questions about CAGG and ZUT
Which ETF has performed better year to date: CAGG or ZUT?
As of April 30, 2026, CAGG has returned 0.32% year to date, while ZUT has returned 14.95%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: CAGG or ZUT?
As of April 30, 2026, CAGG manages $736.89 M in assets, while ZUT manages $871.58 M. ZUT is the larger fund by AUM.
How are CAGG and ZUT managed?
CAGG is passively managed by CI. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do CAGG and ZUT emphasize?
CAGG is most exposed to Municipal, Sovereign, and Government agencies. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: CAGG or ZUT?
Year to date, CAGG has seen -$228.06 M in net flows, compared with -$58.72 M for ZUT. ZUT has attracted more net investor money so far.
How do the fees of CAGG and ZUT compare?
CAGG has an expense ratio of 0.08%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of CAGG and ZUT?
CAGG's largest holdings include Canada, Bonds 3.25% 1jun2035, CAD and Canada, Bonds 3.25% 1dec2034, CAD. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: CAGG or ZUT?
CAGG holds 962 securities, while ZUT holds 13. On holdings count, CAGG is the more diversified portfolio.
Recent articles about CAGG and ZUT
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.