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Global X S&P 500 CAD Hedged Index Corporate Class ETF (HSH) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HSH focuses its top 3 sector exposures on Technology, Finance, and Healthcare, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, HSH features a management fee (MER) of 0.11%, compared to 0.55% for ZUT. Performance-wise, HSH has returned 11.22% year-to-date with -$25 M in net flows, whereas ZUT is at 12.81% with -$95 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
HSH
ZUT
| AuM | $350.10 M | $814.36 M |
| Management Fees | 0.11% | 0.55% |
| Exp. ratio | 0.11% | 0.61% |
| Tracking Difference | -0.25% | -0.80% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HSH | -0.97% | +0.49% | +11.22% | +18.22% | +67.82% |
ZUT | -6.91% | -5.97% | +12.81% | +18.92% | +48.01% | |
| Flows | HSH | +$0 M | -$2 M | -$25 M | -$26 M | -$50 M |
ZUT | +$25 M | -$20 M | -$95 M | -$88 M | +$218 M |
HSH vs ZUT exposure
Countries
HSH
Exposure data will be available soon
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
HSH
Exposure data will be available soon
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of September 2, 2026
Top 10 Holdings
HSH
Exposure data will be available soon
ZUT
Boralex, Inc.
9.47%
ATCO Ltd.
8.45%
AltaGas Ltd.
8.32%
Canadian Utilities Ltd.
8.09%
Brookfield Infrastructure Partners LP
7.95%
Capital Power Corp.
7.68%
Brookfield Renewable Partners LP
7.64%
Emera, Inc.
7.35%
TransAlta Corp.
7.18%
Northland Power, Inc.
7.08%
Diversification
HSH
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
HSH
ZUT
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P 500 CAD Hedged TR Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Indirect | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.93% |
| Meets ESG criteria | No | No |
| Inception Date | September 19, 2016 | January 19, 2010 |
Frequently asked questions about HSH and ZUT
Which ETF has performed better year to date: HSH or ZUT?
As of September 2, 2026, HSH has returned 11.22% year to date, while ZUT has returned 12.81%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: HSH or ZUT?
As of September 2, 2026, HSH manages $350.10 M in assets, while ZUT manages $814.36 M. ZUT is the larger fund by AUM.
How are HSH and ZUT managed?
HSH is passively managed by Global X. It tracks the S&P 500 CAD Hedged TR 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 HSH and ZUT emphasize?
HSH is most exposed to Technology, Finance, and Healthcare. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: HSH or ZUT?
Year to date, HSH has seen -$24.57 M in net flows, compared with -$94.91 M for ZUT. HSH has attracted more net investor money so far.
How do the fees of HSH and ZUT compare?
HSH has an expense ratio of 0.11%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of HSH and ZUT?
HSH's largest holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc.. ZUT's top holdings include Boralex, Inc., ATCO Ltd., and AltaGas Ltd..
Which ETF is more diversified: HSH or ZUT?
HSH holds 496 securities, while ZUT holds 13. On holdings count, HSH is the more diversified portfolio.
Recent articles about HSH and ZUT
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