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Compare Evolve Automobile Innovation Index ETF (CARS) vs BMO Equal Weight Utilities Index ETF (ZUT) to find the best fit for your portfolio. CARS provides Industrials, Technology, and Consumer Cyclicals exposures, while ZUT is primarily weighted in Utilities, Energy, and Industrials. When evaluating costs, CARS features a management fee (MER) of 0.4%, compared to 0.55% for ZUT. Performance-wise, CARS has returned 3.97% year-to-date with -$3 M in net flows, whereas ZUT is at 13.01% with -$53 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
CARS
ZUT
| AuM | $14.01 M | $857.68 M |
| Management Fees | 0.40% | 0.55% |
| Exp. ratio | 0.58% | 0.61% |
| Tracking Difference | -1.85% | -0.80% |
Historical performance and flows
As of September 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CARS | -1.60% | -24.04% | +3.97% | -1.31% | +11.05% |
ZUT | -1.97% | -6.56% | +13.01% | +16.71% | +52.56% | |
| Flows | CARS | -$0 M | -$0 M | -$3 M | -$5 M | -$22 M |
ZUT | +$60 M | +$70 M | -$53 M | -$59 M | +$266 M |
CARS vs ZUT exposure
Countries
CARS
USA
48.11%
China
26.05%
Other
25.84%
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
CARS
Industrials
35.00%
Technology
32.26%
Consumer Cyclicals
30.49%
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of September 21, 2026
Top 10 Holdings
CARS
Gentherm, Inc.
2.26%
Li Auto, Inc.
2.14%
Ambarella, Inc.
2.03%
Monolithic Power Systems, Inc.
2.02%
Lucid Group, Inc.
1.97%
NVIDIA Corp.
1.94%
BYD Co., Ltd.
1.91%
NIO, Inc.
1.91%
XPeng, Inc.
1.90%
Visteon Corp.
1.90%
ZUT
Boralex, Inc.
9.47%
ATCO Ltd.
8.45%
AltaGas Ltd.
8.32%
Canadian Utilities Ltd.
8.09%
Brookfield Infrastructure Partners LP
7.95%
Capital Power Corp.
7.68%
Brookfield Renewable Partners LP
7.64%
Emera, Inc.
7.35%
TransAlta Corp.
7.18%
Northland Power, Inc.
7.08%
Diversification
CARS
Total weight of top 10 holdings out of 63 total
19.98%
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
CARS
ZUT
| Provider | Evolve ETFs | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Future Cars Index Canadian Dollar Hedged - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.96% | 2.92% |
| Meets ESG criteria | Yes | No |
| Inception Date | September 29, 2017 | January 19, 2010 |
Frequently asked questions about CARS and ZUT
Which ETF has performed better year to date: CARS or ZUT?
As of September 21, 2026, CARS has returned 3.97% year to date, while ZUT has returned 13.01%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: CARS or ZUT?
As of September 21, 2026, CARS manages $14.01 M in assets, while ZUT manages $857.68 M. ZUT is the larger fund by AUM.
How are CARS and ZUT managed?
CARS is passively managed by Evolve ETFs. It tracks the Solactive Future Cars Index Canadian Dollar Hedged - CAD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do CARS and ZUT emphasize?
CARS is most exposed to Industrials, Technology, and Consumer Cyclicals. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: CARS or ZUT?
Year to date, CARS has seen -$3.07 M in net flows, compared with -$52.99 M for ZUT. CARS has attracted more net investor money so far.
How do the fees of CARS and ZUT compare?
CARS has an expense ratio of 0.58%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of CARS and ZUT?
CARS's largest holdings include Gentherm, Inc., Li Auto, Inc., and Ambarella, Inc.. ZUT's top holdings include Boralex, Inc., ATCO Ltd., and AltaGas Ltd..
Which ETF is more diversified: CARS or ZUT?
CARS holds 63 securities, while ZUT holds 13. On holdings count, CARS is the more diversified portfolio.
Recent articles about CARS and ZUT
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