VS
When evaluating costs, MWMN features a management fee (MER) of 0.55%, compared to 0.55% for ZUT. Performance-wise, MWMN has returned 16.98% year-to-date with -$0 M in net flows, whereas ZUT is at 13.92% 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
MWMN
ZUT
| AuM | $8.43 M | $820.93 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.62% | 0.61% |
| Tracking Difference | - | -0.80% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MWMN | +1.19% | +6.24% | +16.98% | +24.03% | +59.57% |
ZUT | -6.00% | -4.94% | +13.92% | +20.18% | +49.46% | |
| Flows | MWMN | +$0 M | -$1 M | -$0 M | -$5 M | -$21 M |
ZUT | +$23 M | -$27 M | -$96 M | -$89 M | +$217 M |
MWMN vs ZUT exposure
Countries
MWMN
Exposure data will be available soon
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
MWMN
Exposure data will be available soon
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of September 3, 2026
Top 10 Holdings
MWMN
Exposure data will be available soon
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
MWMN
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
MWMN
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 | 1.16% | 2.90% |
| Meets ESG criteria | Yes | No |
| Inception Date | December 4, 2017 | January 19, 2010 |
Frequently asked questions about MWMN and ZUT
Which ETF has performed better year to date: MWMN or ZUT?
As of September 3, 2026, MWMN has returned 16.98% year to date, while ZUT has returned 13.92%. MWMN is ahead on YTD performance.
Which ETF is larger by assets under management: MWMN or ZUT?
As of September 3, 2026, MWMN manages $8.43 M in assets, while ZUT manages $820.93 M. ZUT is the larger fund by AUM.
How are MWMN and ZUT managed?
MWMN 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: MWMN or ZUT?
Year to date, MWMN has seen -$0.08 M in net flows, compared with -$96.30 M for ZUT. MWMN has attracted more net investor money so far.
How do the fees of MWMN and ZUT compare?
MWMN has an expense ratio of 0.62%, while ZUT has an expense ratio of 0.61%.
Recent articles about MWMN and ZUT
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