VS
Global X Growth Asset Allocation ETF (HGRW) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HGRW focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, HGRW features a management fee (MER) of 0.18%, compared to 0.55% for ZUT. Performance-wise, HGRW has returned 10.68% year-to-date with +$2 M in net flows, whereas ZUT is at 22.25% with -$127 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
HGRW
ZUT
| AuM | $37.03 M | $853.07 M |
| Management Fees | 0.18% | 0.55% |
| Exp. ratio | 0.20% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HGRW | -1.99% | +4.87% | +10.68% | +21.01% | - |
ZUT | +1.08% | +6.43% | +22.25% | +25.92% | +52.94% | |
| Flows | HGRW | +$0 M | +$0 M | +$2 M | +$0 M | - |
ZUT | -$5 M | -$67 M | -$127 M | -$50 M | +$186 M |
HGRW vs ZUT exposure
Countries
HGRW
Other
49.71%
USA
33.36%
Canada
16.00%
ZUT
Canada
84.68%
Bermuda
15.32%
Sectors
HGRW
Other
49.71%
Technology
17.94%
Finance
11.60%
Other
20.75%
ZUT
Utilities
85.04%
Energy
7.95%
Industrials
7.01%
As of July 20, 2026
Top 10 Holdings
HGRW
CA37962B1031
19.65%
CA37963J1057
12.39%
CA37961X1069
7.34%
CA37963U1003
5.05%
CA37965A1021
3.93%
NVIDIA Corp.
2.59%
Apple, Inc.
2.27%
Royal Bank of Canada
1.68%
Microsoft Corp.
1.48%
Amazon.com, Inc.
1.27%
ZUT
Boralex, Inc.
9.46%
Capital Power Corp.
8.42%
Brookfield Renewable Partners LP
8.31%
AltaGas Ltd.
7.95%
ATCO Ltd.
7.77%
TransAlta Corp.
7.74%
Canadian Utilities Ltd.
7.65%
Emera, Inc.
7.38%
Fortis, Inc.
7.23%
Northland Power, Inc.
7.14%
Diversification
HGRW
Total weight of top 10 holdings out of 581 total
57.65%
ZUT
Total weight of top 10 holdings out of 13 total
79.05%
Characteristics
Compare
HGRW
ZUT
| Provider | Global X | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.93% | 2.72% |
| Meets ESG criteria | No | No |
| Inception Date | October 10, 2023 | January 19, 2010 |
Frequently asked questions about HGRW and ZUT
Which ETF has performed better year to date: HGRW or ZUT?
As of July 20, 2026, HGRW has returned 10.68% year to date, while ZUT has returned 22.25%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: HGRW or ZUT?
As of July 20, 2026, HGRW manages $37.03 M in assets, while ZUT manages $853.07 M. ZUT is the larger fund by AUM.
How are HGRW and ZUT managed?
HGRW is actively managed by Global X. 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 HGRW and ZUT emphasize?
HGRW is most exposed to Technology, Finance, and Consumer Non-Cyclicals. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: HGRW or ZUT?
Year to date, HGRW has seen +$1.73 M in net flows, compared with -$127.21 M for ZUT. HGRW has attracted more net investor money so far.
How do the fees of HGRW and ZUT compare?
HGRW has an expense ratio of 0.20%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of HGRW and ZUT?
HGRW's largest holdings include NVIDIA Corp. and Apple, Inc.. ZUT's top holdings include Boralex, Inc., Capital Power Corp., and Brookfield Renewable Partners LP.
Which ETF is more diversified: HGRW or ZUT?
HGRW holds 567 securities, while ZUT holds 13. On holdings count, HGRW is the more diversified portfolio.
Recent articles about HGRW and ZUT
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