VS
NBI U.S. Equity Index Fund - ETF Series (NBUX) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that NBUX focuses its top 3 sector exposures on Information Technology, Communication Services, and Financials, while ZUT leans towards Utilities. When evaluating costs, NBUX features a management fee (MER) of 0.05%, compared to 0.55% for ZUT. 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
NBUX
ZUT
| AuM | $1.02 M | $871.56 M |
| Management Fees | 0.05% | 0.55% |
| Exp. ratio | 0.05% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of May 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NBUX | - | - | - | - | - |
ZUT | -1.44% | +6.36% | +15.71% | +28.56% | +37.73% | |
| Flows | NBUX | - | - | - | - | - |
ZUT | -$4 M | -$24 M | -$65 M | +$132 M | +$245 M |
NBUX vs ZUT exposure
Countries
NBUX
USA
96.78%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
NBUX
Information Technology
33.67%
Communication Services
10.33%
Financials
10.22%
Consumer Discretionary
10.01%
Health Care
9.38%
Industrials
8.46%
Other
17.94%
ZUT
Utilities
100.00%
As of May 15, 2026
Top 10 Holdings
NBUX
NVIDIA
7.18%
APPLE
6.54%
MICROSOFT-T
4.83%
AMAZON.COM INC
3.59%
ALPHABET INC-CL
2.94%
ALPHABET INC-CL
2.55%
BROADCOM LIMITED
2.53%
META PLATFORMS
2.20%
TESLA
1.84%
BERKSHIRE HATHWAY
1.55%
ZUT
BORALEX
9.91%
NORTHLAND POWER
7.97%
BROOKFIELD RENEWABLE PARTNERS
7.84%
CAPITAL POWER
7.84%
ALTAGAS
7.70%
ATCO
7.53%
ALGONQUIN POWER
7.52%
TRANSALTA
7.49%
EMERA
7.42%
CANADIAN UTILITIES
7.38%
Diversification
NBUX
Total weight of top 10 holdings out of 536 total
35.75%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
NBUX
ZUT
| Provider | National Bank Investments | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Morningstar US Large-Mid Cap Index PR - USD | 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 | - | 2.90% |
| Meets ESG criteria | No | No |
| Inception Date | May 12, 2026 | January 19, 2010 |
Frequently asked questions about NBUX and ZUT
Which ETF is larger by assets under management: NBUX or ZUT?
As of May 15, 2026, NBUX manages $1.02 M in assets, while ZUT manages $871.56 M. ZUT is the larger fund by AUM.
How are NBUX and ZUT managed?
NBUX is passively managed by National Bank Investments. It tracks the Morningstar US Large-Mid Cap Index PR - USD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do NBUX and ZUT emphasize?
NBUX is most exposed to Information Technology, Communication Services, and Financials. ZUT is most exposed to Utilities.
How do the fees of NBUX and ZUT compare?
NBUX has an expense ratio of 0.05%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of NBUX and ZUT?
NBUX's largest holdings include NVIDIA, APPLE, and ALPHABET INC-CL. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: NBUX or ZUT?
NBUX holds 497 securities, while ZUT holds 13. On holdings count, NBUX is the more diversified portfolio.
Recent articles about NBUX and ZUT
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.