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Global X MSCI Emerging Markets Index ETF (EMMX) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that EMMX focuses its top 3 sector exposures on Technology, Finance, and Non-Energy Materials, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, EMMX features a management fee (MER) of 0.25%, compared to 0.55% for ZUT. Performance-wise, EMMX has returned 23.08% year-to-date with -$22 M in net flows, whereas ZUT is at 13.13% with -$57 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
EMMX
ZUT
| AuM | $104.60 M | $852.21 M |
| Management Fees | 0.25% | 0.55% |
| Exp. ratio | 0.28% | 0.61% |
| Tracking Difference | -1.18% | -0.73% |
Historical performance and flows
As of October 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | EMMX | -0.77% | +2.26% | +23.08% | +27.75% | - |
ZUT | -0.83% | -5.92% | +13.13% | +12.64% | +68.85% | |
| Flows | EMMX | -$5 M | -$5 M | -$22 M | -$15 M | - |
ZUT | +$36 M | +$79 M | -$57 M | -$41 M | +$265 M |
EMMX vs ZUT exposure
Countries
EMMX
Taiwan
27.53%
Republic of Korea
20.69%
China
18.51%
India
11.36%
Other
21.91%
ZUT
Canada
82.83%
Bermuda
17.17%
Sectors
EMMX
Technology
44.93%
Finance
21.13%
Non-Energy Materials
7.17%
Other
26.77%
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
As of October 1, 2026
Top 10 Holdings
EMMX
Taiwan Semiconductor Manufacturing Co., Ltd.
15.07%
Samsung Electronics Co., Ltd.
7.16%
SK hynix, Inc.
5.45%
Tencent Holdings Ltd.
2.86%
Alibaba Group Holding Ltd.
1.97%
MediaTek, Inc.
1.44%
Delta Electronics, Inc.
0.91%
Samsung Electronics Co., Ltd.
0.88%
China Construction Bank Corp.
0.82%
Hon Hai Precision Industry Co., Ltd.
0.78%
ZUT
AltaGas Ltd.
9.30%
ATCO Ltd.
9.15%
Canadian Utilities Ltd.
8.78%
Brookfield Renewable Partners LP
8.73%
Capital Power Corp.
8.69%
Brookfield Infrastructure Partners LP
8.44%
Northland Power, Inc.
8.00%
TransAlta Corp.
7.98%
Emera, Inc.
7.97%
Fortis, Inc.
7.90%
Diversification
EMMX
Total weight of top 10 holdings out of 1,173 total
37.35%
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
Characteristics
Compare
EMMX
ZUT
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Emerging Markets Net Total Return Index - USD | 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 | 0.88% | 2.93% |
| Meets ESG criteria | No | No |
| Inception Date | May 15, 2024 | January 19, 2010 |
Frequently asked questions about EMMX and ZUT
Which ETF has performed better year to date: EMMX or ZUT?
As of October 1, 2026, EMMX has returned 23.08% year to date, while ZUT has returned 13.13%. EMMX is ahead on YTD performance.
Which ETF is larger by assets under management: EMMX or ZUT?
As of October 1, 2026, EMMX manages $104.60 M in assets, while ZUT manages $852.21 M. ZUT is the larger fund by AUM.
How are EMMX and ZUT managed?
EMMX is passively managed by Global X. It tracks the MSCI Emerging Markets Net Total Return Index - USD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do EMMX and ZUT emphasize?
EMMX is most exposed to Technology, Finance, and Non-Energy Materials. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: EMMX or ZUT?
Year to date, EMMX has seen -$21.90 M in net flows, compared with -$57.14 M for ZUT. EMMX has attracted more net investor money so far.
How do the fees of EMMX and ZUT compare?
EMMX has an expense ratio of 0.28%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of EMMX and ZUT?
EMMX's largest holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc.. ZUT's top holdings include AltaGas Ltd., ATCO Ltd., and Canadian Utilities Ltd..
Which ETF is more diversified: EMMX or ZUT?
EMMX holds 1116 securities, while ZUT holds 12. On holdings count, EMMX is the more diversified portfolio.
Recent articles about EMMX and ZUT
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