VS
Evolve Canadian Utilities Yield Fund ETF (CUTE) and BMO Equal Weight Oil & Gas Index ETF (ZEO) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CUTE focuses its top 3 sector exposures on Energy, Utilities, and Telecommunications, while ZEO leans towards Energy. When evaluating costs, CUTE features a management fee (MER) of 0.6%, compared to 0.55% for ZEO. 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
CUTE
ZEO
| AuM | $1.86 M | $475.57 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.60% | 0.60% |
| Tracking Difference | - | -0.93% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CUTE | -2.60% | - | - | - | - |
ZEO | +3.31% | +3.75% | +42.21% | +47.48% | +89.49% | |
| Flows | CUTE | +$0 M | - | - | - | - |
ZEO | +$6 M | +$107 M | +$144 M | +$142 M | +$114 M |
CUTE vs ZEO exposure
Countries
CUTE
Canada
98.62%
ZEO
Canada
100.00%
Sectors
CUTE
Energy
42.34%
Utilities
30.35%
Telecommunications
25.92%
ZEO
Energy
100.00%
As of September 2, 2026
Top 10 Holdings
CUTE
Pembina Pipeline Corp.
11.06%
AltaGas Ltd.
10.77%
TC Energy Corp.
10.40%
Emera, Inc.
10.33%
Fortis, Inc.
10.22%
Enbridge, Inc.
10.12%
Hydro One Ltd.
9.80%
Rogers Communications, Inc.
9.40%
BCE, Inc.
9.02%
TELUS Corp.
7.50%
ZEO
Cenovus Energy, Inc.
9.98%
ARC Resources Ltd.
9.09%
Suncor Energy, Inc.
8.76%
Whitecap Resources, Inc.
8.58%
Pembina Pipeline Corp.
8.43%
South Bow Corp.
8.34%
Keyera Corp.
8.34%
Imperial Oil Ltd.
8.14%
TC Energy Corp.
7.96%
Enbridge, Inc.
7.65%
Diversification
CUTE
Total weight of top 10 holdings out of 10 total
98.62%
ZEO
Total weight of top 10 holdings out of 12 total
85.28%
Characteristics
Compare
CUTE
ZEO
| Provider | Evolve ETFs | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Oil & Gas Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 2.64% |
| Meets ESG criteria | No | No |
| Inception Date | July 13, 2026 | October 20, 2009 |
Frequently asked questions about CUTE and ZEO
Which ETF is larger by assets under management: CUTE or ZEO?
As of September 2, 2026, CUTE manages $1.86 M in assets, while ZEO manages $475.57 M. ZEO is the larger fund by AUM.
How are CUTE and ZEO managed?
CUTE is actively managed by Evolve ETFs. It does not track an index. ZEO is passively managed by BMO. It tracks the Solactive Equal Weight Canada Oil & Gas Index - CAD benchmark.
What sectors do CUTE and ZEO emphasize?
CUTE is most exposed to Energy, Utilities, and Telecommunications. ZEO is most exposed to Energy.
How do the fees of CUTE and ZEO compare?
CUTE has an expense ratio of 0.60%, while ZEO has an expense ratio of 0.60%.
What are the top holdings of CUTE and ZEO?
CUTE's largest holdings include Pembina Pipeline Corp., AltaGas Ltd., and TC Energy Corp.. ZEO's top holdings include Cenovus Energy, Inc., ARC Resources Ltd., and Suncor Energy, Inc..
Which ETF is more diversified: CUTE or ZEO?
CUTE holds 10 securities, while ZEO holds 12. On holdings count, ZEO is the more diversified portfolio.
Recent articles about CUTE and ZEO
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