VS
When evaluating costs, IICE features a management fee (MER) of 0.25%, compared to 0.55% for ZUT. Performance-wise, IICE has returned 11.47% year-to-date with +$3 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
IICE
ZUT
| AuM | $17.62 M | $853.07 M |
| Management Fees | 0.25% | 0.55% |
| Exp. ratio | 0.28% | 0.61% |
| Tracking Difference | 0.29% | -0.85% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | IICE | -2.54% | +3.27% | +11.47% | +24.71% | +63.58% |
ZUT | +1.08% | +6.43% | +22.25% | +25.92% | +52.94% | |
| Flows | IICE | +$0 M | +$0 M | +$3 M | -$84 M | -$29 M |
ZUT | -$5 M | -$67 M | -$127 M | -$50 M | +$186 M |
IICE vs ZUT exposure
Countries
IICE
Exposure data will be available soon
ZUT
Canada
84.68%
Bermuda
15.32%
Sectors
IICE
Exposure data will be available soon
ZUT
Utilities
85.04%
Energy
7.95%
Industrials
7.01%
As of July 20, 2026
Top 10 Holdings
IICE
Exposure data will be available soon
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
IICE
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.05%
Characteristics
Compare
IICE
ZUT
| Provider | Invesco | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Developed Ex-North America & Korea LargeMidCap Scored & Screened Index NTR - 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 | 12.81% | 2.72% |
| Meets ESG criteria | Yes | No |
| Inception Date | January 12, 2022 | January 19, 2010 |
Frequently asked questions about IICE and ZUT
Which ETF has performed better year to date: IICE or ZUT?
As of July 20, 2026, IICE has returned 11.47% year to date, while ZUT has returned 22.25%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: IICE or ZUT?
As of July 20, 2026, IICE manages $17.62 M in assets, while ZUT manages $853.07 M. ZUT is the larger fund by AUM.
How are IICE and ZUT managed?
IICE is passively managed by Invesco. It tracks the S&P Developed Ex-North America & Korea LargeMidCap Scored & Screened Index NTR - CAD 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: IICE or ZUT?
Year to date, IICE has seen +$2.54 M in net flows, compared with -$127.21 M for ZUT. IICE has attracted more net investor money so far.
How do the fees of IICE and ZUT compare?
IICE has an expense ratio of 0.28%, while ZUT has an expense ratio of 0.61%.
Recent articles about IICE and ZUT
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