VS
When evaluating costs, GCBD features a management fee (MER) of 0.3%, compared to 0.55% for ZUT. Performance-wise, GCBD has returned 0.46% year-to-date with -$9 M in net flows, whereas ZUT is at 14.68% with -$96 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
GCBD
ZUT
| AuM | $45.47 M | $826.42 M |
| Management Fees | 0.30% | 0.55% |
| Exp. ratio | 0.38% | 0.61% |
| Tracking Difference | - | -0.80% |
Historical performance and flows
As of September 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GCBD | -0.56% | -1.40% | -0.46% | -0.15% | +14.62% |
ZUT | -1.38% | -3.73% | +14.68% | +20.76% | +51.35% | |
| Flows | GCBD | +$0 M | -$0 M | -$9 M | -$13 M | -$22 M |
ZUT | +$4 M | -$29 M | -$96 M | -$100 M | +$216 M |
GCBD vs ZUT exposure
Countries
GCBD
Exposure data will be available soon
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
GCBD
Exposure data will be available soon
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of September 9, 2026
Top 10 Holdings
GCBD
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
GCBD
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
GCBD
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 | 3.31% | 2.88% |
| Meets ESG criteria | No | No |
| Inception Date | March 30, 2021 | January 19, 2010 |
Frequently asked questions about GCBD and ZUT
Which ETF has performed better year to date: GCBD or ZUT?
As of September 9, 2026, GCBD has returned -0.46% year to date, while ZUT has returned 14.68%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: GCBD or ZUT?
As of September 9, 2026, GCBD manages $45.47 M in assets, while ZUT manages $826.42 M. ZUT is the larger fund by AUM.
How are GCBD and ZUT managed?
GCBD 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: GCBD or ZUT?
Year to date, GCBD has seen -$8.79 M in net flows, compared with -$96.30 M for ZUT. GCBD has attracted more net investor money so far.
How do the fees of GCBD and ZUT compare?
GCBD has an expense ratio of 0.38%, while ZUT has an expense ratio of 0.61%.
Recent articles about GCBD and ZUT
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.