VS
When evaluating costs, DLR features a management fee (MER) of 0.6%, compared to 0.55% for ZUT. Performance-wise, DLR has returned 3.95% year-to-date with +$66 M in net flows, whereas ZUT is at 21.28% with -$121 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
DLR
ZUT
| AuM | $317.57 M | $852.31 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.57% | 0.61% |
| Tracking Difference | 2.93% | -0.85% |
Historical performance and flows
As of July 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | DLR | -0.79% | +3.48% | +3.95% | +5.07% | +15.62% |
ZUT | -0.55% | +6.64% | +21.28% | +25.02% | +53.64% | |
| Flows | DLR | -$5 M | -$26 M | +$66 M | +$98 M | +$158 M |
ZUT | +$15 M | -$62 M | -$121 M | -$42 M | +$191 M |
DLR vs ZUT exposure
Countries
DLR
Exposure data will be available soon
ZUT
Canada
84.68%
Bermuda
15.32%
Sectors
DLR
Exposure data will be available soon
ZUT
Utilities
85.04%
Energy
7.95%
Industrials
7.01%
As of July 29, 2026
Top 10 Holdings
DLR
Exposure data will be available soon
ZUT
Boralex, Inc.
9.46%
Capital Power Corp.
8.42%
Brookfield Renewable Partners LP
8.31%
AltaGas Ltd.
7.95%
ATCO Ltd.
7.77%
TransAlta Corp.
7.74%
Canadian Utilities Ltd.
7.65%
Emera, Inc.
7.38%
Fortis, Inc.
7.23%
Northland Power, Inc.
7.14%
Diversification
DLR
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.05%
Characteristics
Compare
DLR
ZUT
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg USDCAD Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Currencies | Equity |
| Dividend Policy | No income | Distributing |
| Trailing 12m distribution yield | 3.90% | 2.74% |
| Meets ESG criteria | No | No |
| Inception Date | May 11, 2011 | January 19, 2010 |
Frequently asked questions about DLR and ZUT
Which ETF has performed better year to date: DLR or ZUT?
As of July 29, 2026, DLR has returned 3.95% year to date, while ZUT has returned 21.28%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: DLR or ZUT?
As of July 29, 2026, DLR manages $317.57 M in assets, while ZUT manages $852.31 M. ZUT is the larger fund by AUM.
How are DLR and ZUT managed?
DLR is passively managed by Global X. It tracks the Bloomberg USDCAD 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: DLR or ZUT?
Year to date, DLR has seen +$66.47 M in net flows, compared with -$121.14 M for ZUT. DLR has attracted more net investor money so far.
How do the fees of DLR and ZUT compare?
DLR has an expense ratio of 0.57%, while ZUT has an expense ratio of 0.61%.
Recent articles about DLR 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.