VS
When evaluating costs, FCLS features a management fee (MER) of 0.95%, compared to 0.55% for ZUT. Performance-wise, FCLS has returned 9.66% year-to-date with +$1 M in net flows, whereas ZUT is at 15.53% with -$70 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
FCLS
ZUT
| AuM | $10.55 M | $857.49 M |
| Management Fees | 0.95% | 0.55% |
| Exp. ratio | 1.27% | 0.61% |
| Tracking Difference | - | -0.73% |
Historical performance and flows
As of October 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCLS | +1.05% | +2.26% | +9.66% | +10.84% | - |
ZUT | +5.53% | -4.99% | +15.53% | +9.07% | +68.49% | |
| Flows | FCLS | +$1 M | +$0 M | +$1 M | +$1 M | - |
ZUT | +$25 M | +$56 M | -$70 M | -$11 M | +$257 M |
FCLS vs ZUT exposure
Countries
FCLS
Exposure data will be available soon
ZUT
Canada
82.83%
Bermuda
17.17%
Sectors
FCLS
Exposure data will be available soon
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
As of October 15, 2026
Top 10 Holdings
FCLS
Exposure data will be available soon
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
FCLS
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
Characteristics
Compare
FCLS
ZUT
| Provider | Fidelity | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | 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 | 0.60% | 2.87% |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2024 | January 19, 2010 |
Frequently asked questions about FCLS and ZUT
Which ETF has performed better year to date: FCLS or ZUT?
As of October 15, 2026, FCLS has returned 9.66% year to date, while ZUT has returned 15.53%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: FCLS or ZUT?
As of October 15, 2026, FCLS manages $10.55 M in assets, while ZUT manages $857.49 M. ZUT is the larger fund by AUM.
How are FCLS and ZUT managed?
FCLS is actively managed by Fidelity. It does not track an index. 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: FCLS or ZUT?
Year to date, FCLS has seen +$0.73 M in net flows, compared with -$69.96 M for ZUT. FCLS has attracted more net investor money so far.
How do the fees of FCLS and ZUT compare?
FCLS has an expense ratio of 1.27%, while ZUT has an expense ratio of 0.61%.
Recent articles about FCLS and ZUT
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