VS
When evaluating costs, HCAL features a management fee (MER) of 0.65%, compared to 0.55% for ZUT. Performance-wise, HCAL has returned 36.81% year-to-date with +$8 M in net flows, whereas ZUT is at 20.15% with -$123 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
HCAL
ZUT
| AuM | $1,065.24 M | $844.73 M |
| Management Fees | 0.65% | 0.55% |
| Exp. ratio | 2.08% | 0.61% |
| Tracking Difference | - | -0.90% |
Historical performance and flows
As of June 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HCAL | +14.00% | +36.30% | +36.81% | +94.59% | +197.51% |
ZUT | +3.37% | +8.11% | +20.15% | +28.32% | +51.67% | |
| Flows | HCAL | +$3 M | +$10 M | +$8 M | +$3 M | -$3 M |
ZUT | -$58 M | -$42 M | -$123 M | +$24 M | +$184 M |
HCAL vs ZUT exposure
Countries
HCAL
Exposure data will be available soon
ZUT
Canada
85.23%
Bermuda
14.77%
Sectors
HCAL
Exposure data will be available soon
ZUT
Utilities
100.00%
As of June 19, 2026
Top 10 Holdings
HCAL
Exposure data will be available soon
ZUT
BORALEX
10.04%
NORTHLAND POWER
8.09%
ALTAGAS
8.08%
BROOKFIELD RENEWABLE PARTNERS
7.87%
ATCO
7.62%
CAPITAL POWER
7.57%
EMERA
7.48%
ALGONQUIN POWER
7.47%
CANADIAN UTILITIES
7.43%
FORTIS
7.23%
Diversification
HCAL
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
78.87%
Characteristics
Compare
HCAL
ZUT
| Provider | Hamilton ETFs | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Bank Mean Reversion GTR Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.15% | 2.77% |
| Meets ESG criteria | No | No |
| Inception Date | October 14, 2020 | January 19, 2010 |
Frequently asked questions about HCAL and ZUT
Which ETF has performed better year to date: HCAL or ZUT?
As of June 19, 2026, HCAL has returned 36.81% year to date, while ZUT has returned 20.15%. HCAL is ahead on YTD performance.
Which ETF is larger by assets under management: HCAL or ZUT?
As of June 19, 2026, HCAL manages $1.07 B in assets, while ZUT manages $844.73 M. HCAL is the larger fund by AUM.
How are HCAL and ZUT managed?
HCAL is passively managed by Hamilton ETFs. It tracks the Solactive Canadian Bank Mean Reversion GTR Index - CAD benchmark. 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: HCAL or ZUT?
Year to date, HCAL has seen +$8.23 M in net flows, compared with -$122.59 M for ZUT. HCAL has attracted more net investor money so far.
How do the fees of HCAL and ZUT compare?
HCAL has an expense ratio of 2.08%, while ZUT has an expense ratio of 0.61%.
Recent articles about HCAL and ZUT
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