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Compare iShares Global Water Index ETF (CWW) vs BMO Equal Weight Utilities Index ETF (ZUT) to find the best fit for your portfolio. CWW provides Utilities, Industrials, and Non-Energy Materials exposures, while ZUT is primarily weighted in Utilities, Energy, and Industrials. When evaluating costs, CWW features a management fee (MER) of 0.6%, compared to 0.55% for ZUT. Performance-wise, CWW has returned 3.68% year-to-date with -$17 M in net flows, whereas ZUT is at 17.87% with -$71 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
CWW
ZUT
| AuM | $286.39 M | $871.28 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.66% | 0.61% |
| Tracking Difference | -0.99% | -0.73% |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CWW | +1.02% | -1.87% | +3.68% | +1.48% | +50.81% |
ZUT | +4.96% | -2.81% | +17.87% | +11.38% | +78.33% | |
| Flows | CWW | -$7 M | -$8 M | -$17 M | -$21 M | -$118 M |
ZUT | -$16 M | +$51 M | -$71 M | +$5 M | +$259 M |
CWW vs ZUT exposure
Countries
CWW
USA
55.31%
United Kingdom
14.34%
Brazil
10.67%
Other
19.68%
ZUT
Canada
83.93%
Bermuda
16.07%
Sectors
CWW
Utilities
46.38%
Industrials
34.66%
Non-Energy Materials
15.26%
ZUT
Utilities
83.24%
Energy
8.44%
Industrials
8.32%
As of October 29, 2026
Top 10 Holdings
CWW
American Water Works Co., Inc.
8.09%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
7.70%
Xylem, Inc.
7.03%
Essential Utilities, Inc.
5.84%
United Utilities Group Plc
5.83%
Severn Trent Plc
5.27%
Veralto Corp.
4.76%
Ecolab, Inc.
4.13%
Geberit AG
3.61%
Watts Water Technologies, Inc.
3.41%
ZUT
Northland Power, Inc.
9.17%
TransAlta Corp.
8.59%
ATCO Ltd.
8.53%
AltaGas Ltd.
8.44%
Canadian Utilities Ltd.
8.43%
Fortis, Inc.
8.34%
Brookfield Infrastructure Partners LP
8.32%
Capital Power Corp.
8.27%
Emera, Inc.
8.26%
Hydro One Ltd.
8.15%
Diversification
CWW
Total weight of top 10 holdings out of 66 total
55.67%
ZUT
Total weight of top 10 holdings out of 12 total
84.50%
Characteristics
Compare
CWW
ZUT
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Global Water 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 | 1.30% | 3.07% |
| Meets ESG criteria | Yes | No |
| Inception Date | June 4, 2007 | January 19, 2010 |
Frequently asked questions about CWW and ZUT
Which ETF has performed better year to date: CWW or ZUT?
As of October 29, 2026, CWW has returned 3.68% year to date, while ZUT has returned 17.87%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: CWW or ZUT?
As of October 29, 2026, CWW manages $286.39 M in assets, while ZUT manages $871.28 M. ZUT is the larger fund by AUM.
How are CWW and ZUT managed?
CWW is passively managed by iShares. It tracks the S&P Global Water 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 CWW and ZUT emphasize?
CWW is most exposed to Utilities, Industrials, and Non-Energy Materials. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: CWW or ZUT?
Year to date, CWW has seen -$16.54 M in net flows, compared with -$71.39 M for ZUT. CWW has attracted more net investor money so far.
How do the fees of CWW and ZUT compare?
CWW has an expense ratio of 0.66%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of CWW and ZUT?
CWW's largest holdings include American Water Works Co., Inc., Companhia de Saneamento Basico do Estado de Sao Paulo SABESP, and Xylem, Inc.. ZUT's top holdings include Northland Power, Inc., TransAlta Corp., and ATCO Ltd..
Which ETF is more diversified: CWW or ZUT?
CWW holds 66 securities, while ZUT holds 12. On holdings count, CWW is the more diversified portfolio.
Recent articles about CWW and ZUT
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