VS
JPMorgan US Bond Active ETF (JBND) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that JBND focuses its top 3 sector exposures on Sovereign, Finance, and Industrials, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, JBND features a management fee (MER) of 0.25%, compared to 0.55% for ZUT. Performance-wise, JBND has returned 1.58% year-to-date with +$238 M in net flows, whereas ZUT is at 14.68% with -$96 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
JBND
ZUT
| AuM | $322.02 M | $826.42 M |
| Management Fees | 0.25% | 0.55% |
| Exp. ratio | 0.25% | 0.61% |
| Tracking Difference | - | -0.80% |
Historical performance and flows
As of September 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | JBND | -0.36% | -0.95% | -1.58% | - | - |
ZUT | -1.38% | -3.73% | +14.68% | +20.76% | +51.35% | |
| Flows | JBND | -$0 M | +$64 M | +$238 M | - | - |
ZUT | +$4 M | -$29 M | -$96 M | -$100 M | +$216 M |
JBND vs ZUT exposure
Countries
JBND
Other
50.51%
USA
44.02%
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
JBND
Other
50.51%
Sovereign
32.18%
Finance
8.45%
Other
8.87%
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of September 9, 2026
Top 10 Holdings
JBND
USA, Notes 3.625% 31aug2029, USD (AC-2029)
1.63%
USA, Notes 3.875% 15aug2034, USD (E-2034)
1.49%
USA, Notes 4% 15feb2034, USD (B-2034)
1.43%
USA, Notes 1.875% 15feb2032, USD (B-2032)
1.40%
USA, Notes 4.25% 31may2033, USD (L-2033)
1.35%
USA, STRIPS 0% 15feb2036, USD (10957D)
1.16%
USA, Notes 4% 31jul2032, USD (N-2032)
0.92%
USA, Notes 4.125% 29feb2032, USD (H-2032)
0.92%
USA, STRIPS 0% 15feb2040, USD (10961D)
0.90%
USA, STRIPS 0% 15aug2037, USD (10774D)
0.86%
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
JBND
Total weight of top 10 holdings out of 1,691 total
12.06%
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
JBND
ZUT
| Provider | J.P. Morgan Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 2.88% |
| Meets ESG criteria | No | No |
| Inception Date | September 24, 2025 | January 19, 2010 |
Frequently asked questions about JBND and ZUT
Which ETF has performed better year to date: JBND or ZUT?
As of September 9, 2026, JBND has returned -1.58% year to date, while ZUT has returned 14.68%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: JBND or ZUT?
As of September 9, 2026, JBND manages $322.02 M in assets, while ZUT manages $826.42 M. ZUT is the larger fund by AUM.
How are JBND and ZUT managed?
JBND is actively managed by J.P. Morgan Asset Management. 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 JBND and ZUT emphasize?
JBND is most exposed to Sovereign, Finance, and Industrials. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: JBND or ZUT?
Year to date, JBND has seen +$238.01 M in net flows, compared with -$96.30 M for ZUT. JBND has attracted more net investor money so far.
How do the fees of JBND and ZUT compare?
JBND has an expense ratio of 0.25%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of JBND and ZUT?
JBND's largest holdings include USA, Notes 3.625% 31aug2029, USD (AC-2029) and USA, Notes 3.875% 15aug2034, USD (E-2034). ZUT's top holdings include Boralex, Inc., ATCO Ltd., and AltaGas Ltd..
Which ETF is more diversified: JBND or ZUT?
JBND holds 601 securities, while ZUT holds 13. On holdings count, JBND is the more diversified portfolio.
Recent articles about JBND and ZUT
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