VS
When evaluating costs, NHYB features a management fee (MER) of 0.69%, compared to 0.55% for ZUT. Performance-wise, NHYB has returned 0.88% year-to-date with +$82 M in net flows, whereas ZUT is at 15.78% with -$62 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
NHYB
ZUT
| AuM | $1,448.76 M | $875.01 M |
| Management Fees | 0.69% | 0.55% |
| Exp. ratio | 0.68% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of May 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NHYB | +0.18% | -0.84% | -0.88% | +0.58% | +7.16% |
ZUT | -1.94% | +10.98% | +15.78% | +28.82% | +38.18% | |
| Flows | NHYB | +$13 M | +$55 M | +$82 M | +$232 M | +$244 M |
ZUT | +$25 M | -$33 M | -$62 M | +$134 M | +$311 M |
NHYB vs ZUT exposure
Countries
NHYB
USA
80.00%
Other
20.00%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
NHYB
Other
100.00%
ZUT
Utilities
100.00%
As of May 8, 2026
Top 10 Holdings
NHYB
US698ESCAA82
80.00%
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
NHYB
Total weight of top 10 holdings out of 1 total
80.00%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
NHYB
ZUT
| Provider | National Bank 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 | 0.00% | 2.90% |
| Meets ESG criteria | No | No |
| Inception Date | March 4, 2020 | January 19, 2010 |
Frequently asked questions about NHYB and ZUT
Which ETF has performed better year to date: NHYB or ZUT?
As of May 8, 2026, NHYB has returned -0.88% year to date, while ZUT has returned 15.78%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: NHYB or ZUT?
As of May 8, 2026, NHYB manages $1.45 B in assets, while ZUT manages $875.01 M. NHYB is the larger fund by AUM.
How are NHYB and ZUT managed?
NHYB is actively managed by National Bank 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: NHYB or ZUT?
Year to date, NHYB has seen +$82.07 M in net flows, compared with -$61.61 M for ZUT. NHYB has attracted more net investor money so far.
How do the fees of NHYB and ZUT compare?
NHYB has an expense ratio of 0.68%, while ZUT has an expense ratio of 0.61%.
Which ETF is more diversified: NHYB or ZUT?
NHYB holds 1 securities, while ZUT holds 13. On holdings count, ZUT is the more diversified portfolio.
Recent articles about NHYB 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.