VS
When evaluating costs, HDIV features a management fee (MER) of 0.65%, compared to 0.55% for ZUT. Performance-wise, HDIV has returned 18.68% year-to-date with +$366 M in net flows, whereas ZUT is at 20.31% with -$66 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
HDIV
ZUT
| AuM | $1,700.69 M | $902.69 M |
| Management Fees | 0.65% | 0.55% |
| Exp. ratio | 2.55% | 0.61% |
| Tracking Difference | - | -0.90% |
Historical performance and flows
As of June 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HDIV | +5.12% | +14.62% | +18.68% | +47.18% | +109.90% |
ZUT | +3.50% | +7.83% | +20.31% | +27.57% | +52.16% | |
| Flows | HDIV | +$59 M | +$167 M | +$366 M | +$670 M | +$955 M |
ZUT | -$1 M | +$15 M | -$66 M | +$133 M | +$240 M |
HDIV vs ZUT exposure
Countries
HDIV
Exposure data will be available soon
ZUT
Canada
85.23%
Bermuda
14.77%
Sectors
HDIV
Exposure data will be available soon
ZUT
Utilities
100.00%
As of June 16, 2026
Top 10 Holdings
HDIV
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
HDIV
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
78.87%
Characteristics
Compare
HDIV
ZUT
| Provider | Hamilton ETFs | 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 | 9.14% | 2.77% |
| Meets ESG criteria | No | No |
| Inception Date | July 19, 2021 | January 19, 2010 |
Frequently asked questions about HDIV and ZUT
Which ETF has performed better year to date: HDIV or ZUT?
As of June 16, 2026, HDIV has returned 18.68% year to date, while ZUT has returned 20.31%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: HDIV or ZUT?
As of June 16, 2026, HDIV manages $1.70 B in assets, while ZUT manages $902.69 M. HDIV is the larger fund by AUM.
How are HDIV and ZUT managed?
HDIV is actively managed by Hamilton ETFs. 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: HDIV or ZUT?
Year to date, HDIV has seen +$366.41 M in net flows, compared with -$65.77 M for ZUT. HDIV has attracted more net investor money so far.
How do the fees of HDIV and ZUT compare?
HDIV has an expense ratio of 2.55%, while ZUT has an expense ratio of 0.61%.
Recent articles about HDIV and ZUT
How Canadians Can Generate Income with these Covered Call ETFs
A look at Canadian Covered Call ETFs that have attractive distribution yields.
Posted on 10/23/2024 by Kyle Anthony inStock Market
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.