VS
When evaluating costs, MTBA features a management fee (MER) of 0.2%, compared to 0.55% for ZUT. Performance-wise, MTBA has returned 0.76% year-to-date with +$0 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
MTBA
ZUT
| AuM | $5.02 M | $853.07 M |
| Management Fees | 0.20% | 0.55% |
| Exp. ratio | 0.20% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MTBA | +0.02% | +0.22% | +0.76% | +2.65% | - |
ZUT | +1.08% | +6.43% | +22.25% | +25.92% | +52.94% | |
| Flows | MTBA | +$0 M | +$0 M | +$0 M | +$0 M | - |
ZUT | -$5 M | -$67 M | -$127 M | -$50 M | +$186 M |
MTBA vs ZUT exposure
Countries
MTBA
Exposure data will be available soon
ZUT
Canada
83.77%
Bermuda
16.23%
Sectors
MTBA
Exposure data will be available soon
ZUT
Utilities
84.34%
Energy
8.20%
Industrials
7.46%
As of July 17, 2026
Top 10 Holdings
MTBA
Exposure data will be available soon
ZUT
Boralex, Inc.
9.57%
Brookfield Renewable Partners LP
8.77%
AltaGas Ltd.
8.20%
Capital Power Corp.
8.05%
TransAlta Corp.
7.83%
Northland Power, Inc.
7.73%
Brookfield Infrastructure Partners LP
7.46%
Canadian Utilities Ltd.
7.33%
ATCO Ltd.
7.25%
Emera, Inc.
7.16%
Diversification
MTBA
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.35%
Characteristics
Compare
MTBA
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 | 2.49% | 2.72% |
| Meets ESG criteria | No | No |
| Inception Date | April 10, 2025 | January 19, 2010 |
Frequently asked questions about MTBA and ZUT
Which ETF has performed better year to date: MTBA or ZUT?
As of July 17, 2026, MTBA has returned 0.76% year to date, while ZUT has returned 22.25%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: MTBA or ZUT?
As of July 17, 2026, MTBA manages $5.02 M in assets, while ZUT manages $853.07 M. ZUT is the larger fund by AUM.
How are MTBA and ZUT managed?
MTBA 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: MTBA or ZUT?
Year to date, MTBA has seen +$0.00 M in net flows, compared with -$127.21 M for ZUT. MTBA has attracted more net investor money so far.
How do the fees of MTBA and ZUT compare?
MTBA has an expense ratio of 0.20%, while ZUT has an expense ratio of 0.61%.
Recent articles about MTBA and ZUT
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