VS
When evaluating costs, HNU features a management fee (MER) of 1.34%, compared to 0.55% for ZUT. Performance-wise, HNU has returned 37% year-to-date with -$127 M in net flows, whereas ZUT is at 20.18% 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
HNU
ZUT
| AuM | $175.86 M | $901.76 M |
| Management Fees | 1.34% | 0.55% |
| Exp. ratio | 1.38% | 0.61% |
| Tracking Difference | - | -0.90% |
Historical performance and flows
As of June 12, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HNU | +1.96% | -32.65% | -37.00% | -66.65% | -92.83% |
ZUT | +3.71% | +8.83% | +20.18% | +27.67% | +47.40% | |
| Flows | HNU | -$45 M | +$56 M | -$127 M | +$29 M | -$18 M |
ZUT | -$4 M | +$15 M | -$66 M | +$132 M | +$243 M |
HNU vs ZUT exposure
Countries
HNU
Exposure data will be available soon
ZUT
Canada
85.23%
Bermuda
14.77%
Sectors
HNU
Exposure data will be available soon
ZUT
Utilities
100.00%
As of June 12, 2026
Top 10 Holdings
HNU
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
HNU
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
78.87%
Characteristics
Compare
HNU
ZUT
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Horizons Natural Gas Rolling Futures Index - USD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Commodity | Equity |
| Dividend Policy | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.77% |
| Meets ESG criteria | No | No |
| Inception Date | January 15, 2008 | January 19, 2010 |
Frequently asked questions about HNU and ZUT
Which ETF has performed better year to date: HNU or ZUT?
As of June 12, 2026, HNU has returned -37.00% year to date, while ZUT has returned 20.18%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: HNU or ZUT?
As of June 12, 2026, HNU manages $175.86 M in assets, while ZUT manages $901.76 M. ZUT is the larger fund by AUM.
How are HNU and ZUT managed?
HNU is passively managed by Global X. It tracks the Horizons Natural Gas Rolling Futures Index - USD 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: HNU or ZUT?
Year to date, HNU has seen -$126.55 M in net flows, compared with -$65.77 M for ZUT. ZUT has attracted more net investor money so far.
How do the fees of HNU and ZUT compare?
HNU has an expense ratio of 1.38%, while ZUT has an expense ratio of 0.61%.
Recent articles about HNU and ZUT
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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.