VS
Hamilton US Mid-Cap Financials ETF - CAD (HUM) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HUM focuses its top 3 sector exposures on Finance and Business Services, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, HUM features a management fee (MER) of 0.9%, compared to 0.55% for ZUT. Performance-wise, HUM has returned 2.86% year-to-date with -$8 M in net flows, whereas ZUT is at 15.06% with -$70 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
HUM
ZUT
| AuM | $21.08 M | $854.01 M |
| Management Fees | 0.90% | 0.55% |
| Exp. ratio | 0.90% | 0.61% |
| Tracking Difference | - | -0.73% |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HUM | +0.02% | -3.08% | +2.86% | +7.95% | +72.56% |
ZUT | +1.82% | -5.88% | +15.06% | +8.12% | +77.22% | |
| Flows | HUM | +$0 M | -$1 M | -$8 M | -$11 M | -$12 M |
ZUT | +$28 M | +$56 M | -$70 M | +$3 M | +$256 M |
HUM vs ZUT exposure
Countries
HUM
USA
92.93%
Other
7.07%
ZUT
Canada
82.83%
Bermuda
17.17%
Sectors
HUM
Finance
97.34%
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
As of October 20, 2026
Top 10 Holdings
HUM
LPL Financial Holdings, Inc.
3.60%
Pinnacle Financial Partners, Inc.
3.36%
SouthState Bank Corp.
3.11%
UMB Financial Corp.
3.06%
Palomar Holdings, Inc.
3.03%
Ryan Specialty Holdings, Inc.
3.01%
Old National Bancorp
2.75%
TPG, Inc.
2.51%
Broadridge Financial Solutions, Inc.
2.46%
Houlihan Lokey, Inc.
2.44%
ZUT
AltaGas Ltd.
9.30%
ATCO Ltd.
9.15%
Canadian Utilities Ltd.
8.78%
Brookfield Renewable Partners LP
8.73%
Capital Power Corp.
8.69%
Brookfield Infrastructure Partners LP
8.44%
Northland Power, Inc.
8.00%
TransAlta Corp.
7.98%
Emera, Inc.
7.97%
Fortis, Inc.
7.90%
Diversification
HUM
Total weight of top 10 holdings out of 62 total
29.32%
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
Characteristics
Compare
HUM
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 | 1.30% | 2.88% |
| Meets ESG criteria | No | No |
| Inception Date | June 29, 2020 | January 19, 2010 |
Frequently asked questions about HUM and ZUT
Which ETF has performed better year to date: HUM or ZUT?
As of October 20, 2026, HUM has returned 2.86% year to date, while ZUT has returned 15.06%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: HUM or ZUT?
As of October 20, 2026, HUM manages $21.08 M in assets, while ZUT manages $854.01 M. ZUT is the larger fund by AUM.
How are HUM and ZUT managed?
HUM 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.
What sectors do HUM and ZUT emphasize?
HUM is most exposed to Finance and Business Services. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: HUM or ZUT?
Year to date, HUM has seen -$8.27 M in net flows, compared with -$69.96 M for ZUT. HUM has attracted more net investor money so far.
How do the fees of HUM and ZUT compare?
HUM has an expense ratio of 0.90%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of HUM and ZUT?
HUM's largest holdings include LPL Financial Holdings, Inc., Pinnacle Financial Partners, Inc., and SouthState Bank Corp.. ZUT's top holdings include AltaGas Ltd., ATCO Ltd., and Canadian Utilities Ltd..
Which ETF is more diversified: HUM or ZUT?
HUM holds 62 securities, while ZUT holds 12. On holdings count, HUM is the more diversified portfolio.
Recent articles about HUM 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.