VS
First Trust NYSE Arca Biotechnology ETF (FBT) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FBT focuses its top 3 sector exposures on Health Care, while ZUT leans towards Utilities. When evaluating costs, FBT features a management fee (MER) of 0.15%, compared to 0.55% for ZUT. Performance-wise, FBT has returned 1.7% year-to-date with +$2 M in net flows, whereas ZUT is at 15.78% with -$62 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
FBT
ZUT
| AuM | $3.99 M | $875.01 M |
| Management Fees | 0.15% | 0.55% |
| Exp. ratio | 0.71% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FBT | +3.31% | +0.33% | +1.70% | +33.28% | +40.19% |
ZUT | -1.94% | +10.98% | +15.78% | +28.82% | +38.18% | |
| Flows | FBT | +$0 M | +$2 M | +$2 M | +$2 M | +$1 M |
ZUT | +$25 M | -$33 M | -$62 M | +$134 M | +$311 M |
FBT vs ZUT exposure
Countries
FBT
USA
95.76%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
FBT
Health Care
90.59%
Other
9.41%
ZUT
Utilities
100.00%
As of May 7, 2026
Top 10 Holdings
FBT
MODERNA INC
5.14%
ALKERMES
4.16%
UTD THERAPEUT
4.15%
GILEAD SCIENCES
4.08%
CORCEPT THERAPEUTICS
3.94%
AXSOME THERA CMN STK
3.91%
AMGEN-T
3.81%
EXELIXIS
3.52%
KRYSTAL BIOTECH INC
3.49%
BIOGEN INC
3.45%
ZUT
BORALEX
9.91%
NORTHLAND POWER
7.97%
BROOKFIELD RENEWABLE PARTNERS
7.84%
CAPITAL POWER
7.84%
ALTAGAS
7.70%
ATCO
7.53%
ALGONQUIN POWER
7.52%
TRANSALTA
7.49%
EMERA
7.42%
CANADIAN UTILITIES
7.38%
Diversification
FBT
Total weight of top 10 holdings out of 30 total
39.65%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
FBT
ZUT
| Provider | First Trust | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | NYSE Arca Biotechnology Total Return Index - USD | 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 | 0.00% | 2.90% |
| Meets ESG criteria | No | No |
| Inception Date | October 30, 2014 | January 19, 2010 |
Frequently asked questions about FBT and ZUT
Which ETF has performed better year to date: FBT or ZUT?
As of May 7, 2026, FBT has returned 1.70% year to date, while ZUT has returned 15.78%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: FBT or ZUT?
As of May 7, 2026, FBT manages $3.99 M in assets, while ZUT manages $875.01 M. ZUT is the larger fund by AUM.
How are FBT and ZUT managed?
FBT is passively managed by First Trust. It tracks the NYSE Arca Biotechnology 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 FBT and ZUT emphasize?
FBT is most exposed to Health Care. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: FBT or ZUT?
Year to date, FBT has seen +$2.12 M in net flows, compared with -$61.61 M for ZUT. FBT has attracted more net investor money so far.
How do the fees of FBT and ZUT compare?
FBT has an expense ratio of 0.71%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of FBT and ZUT?
FBT's largest holdings include MODERNA INC and ALKERMES. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: FBT or ZUT?
FBT holds 28 securities, while ZUT holds 13. On holdings count, FBT is the more diversified portfolio.
Recent articles about FBT 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.