VS
When evaluating costs, GBFD features a management fee (MER) of 0.2%, compared to 0.55% for ZUT. Performance-wise, GBFD has returned 1.81% year-to-date with -$1 M in net flows, whereas ZUT is at 15.57% with -$73 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
GBFD
ZUT
| AuM | $19.68 M | $854.91 M |
| Management Fees | 0.20% | 0.55% |
| Exp. ratio | 0.28% | 0.61% |
| Tracking Difference | - | -0.73% |
Historical performance and flows
As of October 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GBFD | +0.20% | +0.52% | +1.81% | +2.10% | - |
ZUT | +2.74% | -7.46% | +15.57% | +8.75% | +76.62% | |
| Flows | GBFD | +$1 M | +$0 M | -$1 M | +$1 M | - |
ZUT | -$20 M | +$47 M | -$73 M | +$4 M | +$253 M |
GBFD vs ZUT exposure
Countries
GBFD
Exposure data will be available soon
ZUT
Canada
82.83%
Bermuda
17.17%
Sectors
GBFD
Exposure data will be available soon
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
As of October 22, 2026
Top 10 Holdings
GBFD
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
GBFD
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
Characteristics
Compare
GBFD
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 | 1.53% | 2.87% |
| Meets ESG criteria | No | No |
| Inception Date | January 9, 2024 | January 19, 2010 |
Frequently asked questions about GBFD and ZUT
Which ETF has performed better year to date: GBFD or ZUT?
As of October 22, 2026, GBFD has returned 1.81% year to date, while ZUT has returned 15.57%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: GBFD or ZUT?
As of October 22, 2026, GBFD manages $19.68 M in assets, while ZUT manages $854.91 M. ZUT is the larger fund by AUM.
How are GBFD and ZUT managed?
GBFD 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: GBFD or ZUT?
Year to date, GBFD has seen -$0.85 M in net flows, compared with -$72.82 M for ZUT. GBFD has attracted more net investor money so far.
How do the fees of GBFD and ZUT compare?
GBFD has an expense ratio of 0.28%, while ZUT has an expense ratio of 0.61%.
Recent articles about GBFD and ZUT
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