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Compare Global X Marijuana Life Sciences Index ETF (HMMJ) vs BMO Equal Weight Utilities Index ETF (ZUT) to find the best fit for your portfolio. HMMJ provides Health Care, Real Estate, and Financials exposures, while ZUT is primarily weighted in Utilities. When evaluating costs, HMMJ features a management fee (MER) of 0.95%, compared to 0.55% for ZUT. Performance-wise, HMMJ has returned 1.55% year-to-date with -$0 M in net flows, whereas ZUT is at 15.6% with -$60 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
HMMJ
ZUT
| AuM | $45.66 M | $877.17 M |
| Management Fees | 0.95% | 0.55% |
| Exp. ratio | 1.00% | 0.61% |
| Tracking Difference | -19.63% | -0.74% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HMMJ | +7.41% | -1.79% | -1.55% | +14.41% | -18.94% |
ZUT | +3.52% | +13.25% | +15.60% | +31.37% | +38.85% | |
| Flows | HMMJ | +$0 M | -$0 M | -$0 M | -$6 M | -$33 M |
ZUT | +$8 M | -$44 M | -$60 M | +$129 M | +$256 M |
HMMJ vs ZUT exposure
Countries
HMMJ
Canada
47.14%
USA
30.35%
Other
12.19%
Ireland
10.32%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
HMMJ
Other
45.64%
Health Care
28.92%
Real Estate
9.58%
Financials
7.31%
Other
8.55%
ZUT
Utilities
100.00%
As of April 24, 2026
Top 10 Holdings
HMMJ
CRONOS GROUP INC
10.35%
JAZZ PHARMACEUTICALS
10.32%
CA83307B1013
9.64%
INNOVATIVE INDUSTRIAL PROPERTIES
9.58%
CA1380357048
9.03%
SILVER SPIKE INVESTMENT
5.54%
HIGH TIDE INC
5.53%
CA05156X8504
5.09%
US21833P3010
4.91%
SCOTTS
4.81%
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
HMMJ
Total weight of top 10 holdings out of 15 total
74.80%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
HMMJ
ZUT
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | North American Marijuana Total Return 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 | 1.33% | 2.92% |
| Meets ESG criteria | No | No |
| Inception Date | June 16, 2017 | January 19, 2010 |
Frequently asked questions about HMMJ and ZUT
Which ETF has performed better year to date: HMMJ or ZUT?
As of April 24, 2026, HMMJ has returned -1.55% year to date, while ZUT has returned 15.60%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: HMMJ or ZUT?
As of April 24, 2026, HMMJ manages $45.66 M in assets, while ZUT manages $877.17 M. ZUT is the larger fund by AUM.
How are HMMJ and ZUT managed?
HMMJ is passively managed by Global X. It tracks the North American Marijuana Total Return Index - CAD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do HMMJ and ZUT emphasize?
HMMJ is most exposed to Health Care, Real Estate, and Financials. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: HMMJ or ZUT?
Year to date, HMMJ has seen -$0.31 M in net flows, compared with -$60.16 M for ZUT. HMMJ has attracted more net investor money so far.
How do the fees of HMMJ and ZUT compare?
HMMJ has an expense ratio of 1.00%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of HMMJ and ZUT?
HMMJ's largest holdings include CRONOS GROUP INC and JAZZ PHARMACEUTICALS. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: HMMJ or ZUT?
HMMJ holds 11 securities, while ZUT holds 13. On holdings count, ZUT is the more diversified portfolio.
Recent articles about HMMJ and ZUT
Cannabis Funds Plunge Amid Declining US Sales
Cannabis funds face persistent volatility, marking a -2.33% drop, contributing to a year-to-date loss of -20.70%.
Posted on 12/19/2023 by ETF Market Canada inCannabis
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