VS
When evaluating costs, CWIN features a management fee (MER) of 0.65%, compared to 0.55% for ZUT. Performance-wise, CWIN has returned 22.92% year-to-date with +$3 M in net flows, whereas ZUT is at 22.01% with -$126 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
CWIN
ZUT
| AuM | $18.92 M | $852.91 M |
| Management Fees | 0.65% | 0.55% |
| Exp. ratio | 0.65% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CWIN | +3.16% | +8.60% | +22.92% | +40.61% | - |
ZUT | +1.71% | +5.71% | +22.01% | +27.22% | +54.59% | |
| Flows | CWIN | -$0 M | +$2 M | +$3 M | +$5 M | - |
ZUT | -$60 M | -$66 M | -$126 M | -$42 M | +$188 M |
CWIN vs ZUT exposure
Countries
CWIN
Exposure data will be available soon
ZUT
Canada
83.77%
Bermuda
16.23%
Sectors
CWIN
Exposure data will be available soon
ZUT
Utilities
84.34%
Energy
8.20%
Industrials
7.46%
As of July 17, 2026
Top 10 Holdings
CWIN
Exposure data will be available soon
ZUT
Boralex, Inc.
9.57%
Brookfield Renewable Partners LP
8.77%
AltaGas Ltd.
8.20%
Capital Power Corp.
8.05%
TransAlta Corp.
7.83%
Northland Power, Inc.
7.73%
Brookfield Infrastructure Partners LP
7.46%
Canadian Utilities Ltd.
7.33%
ATCO Ltd.
7.25%
Emera, Inc.
7.16%
Diversification
CWIN
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.35%
Characteristics
Compare
CWIN
ZUT
| Provider | Hamilton ETFs | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canada Dividend Elite Champions Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.06% | 2.72% |
| Meets ESG criteria | No | No |
| Inception Date | January 28, 2025 | January 19, 2010 |
Frequently asked questions about CWIN and ZUT
Which ETF has performed better year to date: CWIN or ZUT?
As of July 17, 2026, CWIN has returned 22.92% year to date, while ZUT has returned 22.01%. CWIN is ahead on YTD performance.
Which ETF is larger by assets under management: CWIN or ZUT?
As of July 17, 2026, CWIN manages $18.92 M in assets, while ZUT manages $852.91 M. ZUT is the larger fund by AUM.
How are CWIN and ZUT managed?
CWIN is passively managed by Hamilton ETFs. It tracks the Solactive Canada Dividend Elite Champions Index - CAD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: CWIN or ZUT?
Year to date, CWIN has seen +$2.71 M in net flows, compared with -$125.69 M for ZUT. CWIN has attracted more net investor money so far.
How do the fees of CWIN and ZUT compare?
CWIN has an expense ratio of 0.65%, while ZUT has an expense ratio of 0.61%.
Recent articles about CWIN 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.




