VS
When evaluating costs, MCLV features a management fee (MER) of 0.45%, compared to 0.55% for ZUT. Performance-wise, MCLV has returned 17.55% year-to-date with +$83 M in net flows, whereas ZUT is at 14.97% with -$71 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
MCLV
ZUT
| AuM | $227.73 M | $851.92 M |
| Management Fees | 0.45% | 0.55% |
| Exp. ratio | 0.50% | 0.61% |
| Tracking Difference | - | -0.73% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MCLV | +2.10% | -0.79% | +17.55% | +22.82% | - |
ZUT | +1.74% | -5.96% | +14.97% | +8.04% | +73.68% | |
| Flows | MCLV | +$31 M | +$38 M | +$83 M | +$83 M | - |
ZUT | +$26 M | +$54 M | -$71 M | +$1 M | +$255 M |
MCLV vs ZUT exposure
Countries
MCLV
Exposure data will be available soon
ZUT
Canada
82.83%
Bermuda
17.17%
Sectors
MCLV
Exposure data will be available soon
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
As of October 16, 2026
Top 10 Holdings
MCLV
Exposure data will be available soon
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
MCLV
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
Characteristics
Compare
MCLV
ZUT
| Provider | Mackenzie Investments | 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 | 2.21% | 2.88% |
| Meets ESG criteria | Yes | No |
| Inception Date | June 6, 2024 | January 19, 2010 |
Frequently asked questions about MCLV and ZUT
Which ETF has performed better year to date: MCLV or ZUT?
As of October 16, 2026, MCLV has returned 17.55% year to date, while ZUT has returned 14.97%. MCLV is ahead on YTD performance.
Which ETF is larger by assets under management: MCLV or ZUT?
As of October 16, 2026, MCLV manages $227.73 M in assets, while ZUT manages $851.92 M. ZUT is the larger fund by AUM.
How are MCLV and ZUT managed?
MCLV is actively managed by Mackenzie Investments. 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.
Which ETF is attracting more investor flows: MCLV or ZUT?
Year to date, MCLV has seen +$82.54 M in net flows, compared with -$71.38 M for ZUT. MCLV has attracted more net investor money so far.
How do the fees of MCLV and ZUT compare?
MCLV has an expense ratio of 0.50%, while ZUT has an expense ratio of 0.61%.
Recent articles about MCLV and ZUT
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