VS
iShares S&P/TSX Canadian Preferred Share Index ETF (CPD) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CPD focuses its top 3 sector exposures on Financials, Energy, and Utilities, while ZUT leans towards Utilities. When evaluating costs, CPD features a management fee (MER) of 0.45%, compared to 0.55% for ZUT. Performance-wise, CPD has returned 2.45% year-to-date with -$4 M in net flows, whereas ZUT is at 15.6% with -$60 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
CPD
ZUT
| AuM | $1,069.93 M | $877.17 M |
| Management Fees | 0.45% | 0.55% |
| Exp. ratio | 0.49% | 0.61% |
| Tracking Difference | -0.64% | -0.74% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CPD | +2.24% | +2.56% | +2.45% | +19.77% | +49.69% |
ZUT | +3.52% | +13.25% | +15.60% | +31.37% | +38.85% | |
| Flows | CPD | -$7 M | -$8 M | -$4 M | +$20 M | -$177 M |
ZUT | +$8 M | -$44 M | -$60 M | +$129 M | +$256 M |
CPD vs ZUT exposure
Countries
CPD
Canada
97.62%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
CPD
Financials
38.67%
Energy
20.97%
Utilities
16.55%
Other
14.91%
Other
8.89%
ZUT
Utilities
100.00%
As of April 24, 2026
Top 10 Holdings
CPD
FORTIS INC CUM RED FXD PRF M
1.70%
TC ENERGY CORP PRF
1.67%
TORONTO DOMINION BANK NON CUM 5 YEAR RATE RESET FIRST PREF SHS CLASS A SERIES 1
1.48%
CANADIAN IMPERIAL BANK OF COMMERCE PRF
1.34%
BANK OF MONTREAL PRF
1.24%
NATIONAL BANK OF CANADA
1.23%
BCE CUM RED FST SRS AK PRF
1.13%
TC ENERGY CORP CUM REDEEM 1ST SRS 1 PRF
1.13%
PEMBINA PIPELINE CORP PRF
1.12%
TC ENERGY CORP SRS 9 CUM RED FIR PRF
1.11%
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
CPD
Total weight of top 10 holdings out of 153 total
13.14%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
CPD
ZUT
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Preferred Share Total Return Index - 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 | 5.00% | 2.92% |
| Meets ESG criteria | No | No |
| Inception Date | April 10, 2007 | January 19, 2010 |
Frequently asked questions about CPD and ZUT
Which ETF has performed better year to date: CPD or ZUT?
As of April 24, 2026, CPD has returned 2.45% year to date, while ZUT has returned 15.60%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: CPD or ZUT?
As of April 24, 2026, CPD manages $1.07 B in assets, while ZUT manages $877.17 M. CPD is the larger fund by AUM.
How are CPD and ZUT managed?
CPD is passively managed by iShares. It tracks the S&P/TSX Preferred Share Total Return 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 CPD and ZUT emphasize?
CPD is most exposed to Financials, Energy, and Utilities. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: CPD or ZUT?
Year to date, CPD has seen -$4.10 M in net flows, compared with -$60.16 M for ZUT. CPD has attracted more net investor money so far.
How do the fees of CPD and ZUT compare?
CPD has an expense ratio of 0.49%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of CPD and ZUT?
CPD's largest holdings include TC ENERGY CORP PRF and TORONTO-DOMINION BANK PRF. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: CPD or ZUT?
CPD holds 125 securities, while ZUT holds 13. On holdings count, CPD is the more diversified portfolio.
Recent articles about CPD and ZUT
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