VS
When evaluating costs, GBFC features a management fee (MER) of 0.2%, compared to 0.55% for ZUT. Performance-wise, GBFC has returned 1.59% year-to-date with -$4 M in net flows, whereas ZUT is at 10.97% with -$95 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
GBFC
ZUT
| AuM | $22.02 M | $801.08 M |
| Management Fees | 0.20% | 0.55% |
| Exp. ratio | 0.29% | 0.61% |
| Tracking Difference | - | -0.80% |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GBFC | +0.17% | +0.54% | +1.59% | +2.39% | - |
ZUT | -7.29% | -8.19% | +10.97% | +15.84% | +44.54% | |
| Flows | GBFC | -$0 M | -$1 M | -$4 M | -$2 M | - |
ZUT | +$17 M | -$29 M | -$95 M | -$106 M | +$217 M |
GBFC vs ZUT exposure
Countries
GBFC
Exposure data will be available soon
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
GBFC
Exposure data will be available soon
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of September 14, 2026
Top 10 Holdings
GBFC
Exposure data will be available soon
ZUT
Boralex, Inc.
9.47%
ATCO Ltd.
8.45%
AltaGas Ltd.
8.32%
Canadian Utilities Ltd.
8.09%
Brookfield Infrastructure Partners LP
7.95%
Capital Power Corp.
7.68%
Brookfield Renewable Partners LP
7.64%
Emera, Inc.
7.35%
TransAlta Corp.
7.18%
Northland Power, Inc.
7.08%
Diversification
GBFC
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
GBFC
ZUT
| Provider | Guardian Capital | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.46% | 2.98% |
| Meets ESG criteria | No | No |
| Inception Date | January 9, 2024 | January 19, 2010 |
Frequently asked questions about GBFC and ZUT
Which ETF has performed better year to date: GBFC or ZUT?
As of September 14, 2026, GBFC has returned 1.59% year to date, while ZUT has returned 10.97%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: GBFC or ZUT?
As of September 14, 2026, GBFC manages $22.02 M in assets, while ZUT manages $801.08 M. ZUT is the larger fund by AUM.
How are GBFC and ZUT managed?
GBFC is actively managed by Guardian Capital. 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: GBFC or ZUT?
Year to date, GBFC has seen -$4.27 M in net flows, compared with -$94.91 M for ZUT. GBFC has attracted more net investor money so far.
How do the fees of GBFC and ZUT compare?
GBFC has an expense ratio of 0.29%, while ZUT has an expense ratio of 0.61%.
Recent articles about GBFC and ZUT
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