VS
When evaluating costs, MHYB features a management fee (MER) of 0.6%, compared to 0.55% for ZUT. Performance-wise, MHYB has returned 0.49% year-to-date with +$20 M in net flows, whereas ZUT is at 20.15% with -$123 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
MHYB
ZUT
| AuM | $287.13 M | $844.73 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.66% | 0.61% |
| Tracking Difference | - | -0.90% |
Historical performance and flows
As of June 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MHYB | +0.55% | +0.86% | +0.49% | +3.62% | +19.61% |
ZUT | +3.37% | +8.11% | +20.15% | +28.32% | +51.67% | |
| Flows | MHYB | +$19 M | +$19 M | +$20 M | +$10 M | +$29 M |
ZUT | -$58 M | -$42 M | -$123 M | +$24 M | +$184 M |
MHYB vs ZUT exposure
Countries
MHYB
Exposure data will be available soon
ZUT
Canada
85.23%
Bermuda
14.77%
Sectors
MHYB
Exposure data will be available soon
ZUT
Utilities
100.00%
As of June 18, 2026
Top 10 Holdings
MHYB
Exposure data will be available soon
ZUT
BORALEX
10.04%
NORTHLAND POWER
8.09%
ALTAGAS
8.08%
BROOKFIELD RENEWABLE PARTNERS
7.87%
ATCO
7.62%
CAPITAL POWER
7.57%
EMERA
7.48%
ALGONQUIN POWER
7.47%
CANADIAN UTILITIES
7.43%
FORTIS
7.23%
Diversification
MHYB
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
78.87%
Characteristics
Compare
MHYB
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 | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.68% | 2.77% |
| Meets ESG criteria | No | No |
| Inception Date | April 26, 2017 | January 19, 2010 |
Frequently asked questions about MHYB and ZUT
Which ETF has performed better year to date: MHYB or ZUT?
As of June 18, 2026, MHYB has returned 0.49% year to date, while ZUT has returned 20.15%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: MHYB or ZUT?
As of June 18, 2026, MHYB manages $287.13 M in assets, while ZUT manages $844.73 M. ZUT is the larger fund by AUM.
How are MHYB and ZUT managed?
MHYB 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: MHYB or ZUT?
Year to date, MHYB has seen +$20.37 M in net flows, compared with -$122.59 M for ZUT. MHYB has attracted more net investor money so far.
How do the fees of MHYB and ZUT compare?
MHYB has an expense ratio of 0.66%, while ZUT has an expense ratio of 0.61%.
Recent articles about MHYB and ZUT
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