VS
When evaluating costs, GBFF features a management fee (MER) of 0.2%, compared to 0.55% for ZUT. Performance-wise, GBFF has returned 0.28% year-to-date with +$2 M in net flows, whereas ZUT is at 16.08% with -$63 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
GBFF
ZUT
| AuM | $3.20 M | $875.85 M |
| Management Fees | 0.20% | 0.55% |
| Exp. ratio | 0.20% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GBFF | +0.28% | -0.44% | +0.28% | - | - |
ZUT | -1.06% | +11.27% | +16.08% | +29.45% | +38.54% | |
| Flows | GBFF | +$1 M | +$2 M | +$2 M | - | - |
ZUT | +$24 M | -$35 M | -$63 M | +$131 M | +$310 M |
GBFF vs ZUT exposure
Countries
GBFF
Exposure data will be available soon
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
GBFF
Exposure data will be available soon
ZUT
Utilities
100.00%
As of May 7, 2026
Top 10 Holdings
GBFF
Exposure data will be available soon
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
GBFF
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
GBFF
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 | - | 2.89% |
| Meets ESG criteria | No | No |
| Inception Date | June 3, 2025 | January 19, 2010 |
Frequently asked questions about GBFF and ZUT
Which ETF has performed better year to date: GBFF or ZUT?
As of May 7, 2026, GBFF has returned 0.28% year to date, while ZUT has returned 16.08%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: GBFF or ZUT?
As of May 7, 2026, GBFF manages $3.20 M in assets, while ZUT manages $875.85 M. ZUT is the larger fund by AUM.
How are GBFF and ZUT managed?
GBFF 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: GBFF or ZUT?
Year to date, GBFF has seen +$2.01 M in net flows, compared with -$63.05 M for ZUT. GBFF has attracted more net investor money so far.
How do the fees of GBFF and ZUT compare?
GBFF has an expense ratio of 0.20%, while ZUT has an expense ratio of 0.61%.
Recent articles about GBFF and ZUT
Canada’s ETF Scene Surges With Bold New Themes and Income-Focused Launches
New wave of Canadian ETFs taps into culture, crypto, and income
Posted on 6/16/2025 by ETF Market Canada inCanada
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.