VS
When evaluating costs, GCSC features a management fee (MER) of 0.5%, compared to 0.55% for ZUT. Performance-wise, GCSC has returned 4.97% year-to-date with -$0 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
GCSC
ZUT
| AuM | $19.10 M | $875.85 M |
| Management Fees | 0.50% | 0.55% |
| Exp. ratio | 0.67% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GCSC | +2.40% | +0.91% | +4.97% | +24.54% | +66.78% |
ZUT | -1.06% | +11.27% | +16.08% | +29.45% | +38.54% | |
| Flows | GCSC | +$1 M | -$0 M | -$0 M | -$0 M | +$10 M |
ZUT | +$24 M | -$35 M | -$63 M | +$131 M | +$310 M |
GCSC vs ZUT exposure
Countries
GCSC
Exposure data will be available soon
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
GCSC
Exposure data will be available soon
ZUT
Utilities
100.00%
As of May 7, 2026
Top 10 Holdings
GCSC
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
GCSC
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
GCSC
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 | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.32% | 2.89% |
| Meets ESG criteria | No | No |
| Inception Date | March 31, 2021 | January 19, 2010 |
Frequently asked questions about GCSC and ZUT
Which ETF has performed better year to date: GCSC or ZUT?
As of May 7, 2026, GCSC has returned 4.97% year to date, while ZUT has returned 16.08%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: GCSC or ZUT?
As of May 7, 2026, GCSC manages $19.10 M in assets, while ZUT manages $875.85 M. ZUT is the larger fund by AUM.
How are GCSC and ZUT managed?
GCSC 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: GCSC or ZUT?
Year to date, GCSC has seen -$0.02 M in net flows, compared with -$63.05 M for ZUT. GCSC has attracted more net investor money so far.
How do the fees of GCSC and ZUT compare?
GCSC has an expense ratio of 0.67%, while ZUT has an expense ratio of 0.61%.
Recent articles about GCSC and ZUT
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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.



