VS
Accelerate Absolute Return Hedge Fund (HDGE) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HDGE focuses its top 3 sector exposures on Financials, Consumer Discretionary, and Consumer Staples, while ZUT leans towards Utilities. When evaluating costs, HDGE features a management fee (MER) of 0%, compared to 0.55% for ZUT. Performance-wise, HDGE has returned 5% year-to-date with +$1 M in net flows, whereas ZUT is at 19.1% with -$62 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
HDGE
ZUT
| AuM | $43.72 M | $902.26 M |
| Management Fees | 0.00% | 0.55% |
| Exp. ratio | 3.95% | 0.61% |
| Tracking Difference | - | -0.74% |
Historical performance and flows
As of April 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HDGE | +4.71% | +5.22% | +5.00% | +14.80% | +35.77% |
ZUT | +8.71% | +18.24% | +19.10% | +42.90% | +43.12% | |
| Flows | HDGE | -$1 M | +$1 M | +$1 M | -$6 M | +$29 M |
ZUT | +$20 M | -$48 M | -$62 M | +$103 M | +$251 M |
HDGE vs ZUT exposure
Countries
HDGE
Australia
33.58%
USA
27.74%
Canada
19.95%
Other
9.27%
Other
9.46%
ZUT
Canada
82.74%
Bermuda
17.26%
Sectors
HDGE
Other
37.37%
Financials
11.96%
Consumer Discretionary
10.07%
Consumer Staples
9.02%
Communication Services
8.61%
Other
22.98%
ZUT
Utilities
100.00%
As of April 10, 2026
Top 10 Holdings
HDGE
AU000000IDR4
33.58%
INTERNATIONAL SEAWAYS
1.99%
TENET HEALTHCARE
1.98%
ENERFLEX
1.96%
ENDEAVOUR MINING
1.89%
HERBALIFE NUTRITION
1.87%
WESDOME GOLD MINES
1.81%
NEW YORK TIMES
1.80%
CENTERRA GOLD
1.77%
MILLICOM INTERNATIONAL CELLULAR
1.77%
ZUT
BROOKFIELD INFRASTRUCTURE PARTNERS LP UNIT
8.73%
ATCO
8.70%
BROOKFIELD RENEWABLE PARTNERS
8.53%
CANADIAN UTILITIES
8.28%
ALGONQUIN POWER
8.23%
HYDRO ONE
7.94%
FORTIS
7.66%
ALTAGAS
7.40%
EMERA
7.26%
CAPITAL POWER
7.12%
Diversification
HDGE
Total weight of top 10 holdings out of 124 total
50.43%
ZUT
Total weight of top 10 holdings out of 13 total
79.85%
Characteristics
Compare
HDGE
ZUT
| Provider | Accelerate Financial Technologies | 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 | 1.40% | 2.84% |
| Meets ESG criteria | No | No |
| Inception Date | May 10, 2019 | January 19, 2010 |
Frequently asked questions about HDGE and ZUT
Which ETF has performed better year to date: HDGE or ZUT?
As of April 10, 2026, HDGE has returned 5.00% year to date, while ZUT has returned 19.10%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: HDGE or ZUT?
As of April 10, 2026, HDGE manages $43.72 M in assets, while ZUT manages $902.26 M. ZUT is the larger fund by AUM.
How are HDGE and ZUT managed?
HDGE is actively managed by Accelerate Financial Technologies. 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.
What sectors do HDGE and ZUT emphasize?
HDGE is most exposed to Financials, Consumer Discretionary, and Consumer Staples. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: HDGE or ZUT?
Year to date, HDGE has seen +$0.71 M in net flows, compared with -$61.63 M for ZUT. HDGE has attracted more net investor money so far.
How do the fees of HDGE and ZUT compare?
HDGE has an expense ratio of 3.95%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of HDGE and ZUT?
HDGE's largest holdings include INTERNATIONAL SEAWAYS and TENET HEALTHCARE. ZUT's top holdings include BROOKFIELD INFRASTRUCTURE PARTNERS LP UNIT, ATCO, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: HDGE or ZUT?
HDGE holds 111 securities, while ZUT holds 13. On holdings count, HDGE is the more diversified portfolio.
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