VS
When evaluating costs, NINV features a management fee (MER) of 0.75%, compared to 0.55% for ZUT. Performance-wise, NINV has returned 11.55% year-to-date with +$0 M in net flows, whereas ZUT is at 16.24% with -$70 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
NINV
ZUT
| AuM | $1.11 M | $862.78 M |
| Management Fees | 0.75% | 0.55% |
| Exp. ratio | 1.14% | 0.61% |
| Tracking Difference | - | -0.73% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NINV | +2.05% | +2.03% | +11.55% | +10.33% | - |
ZUT | +3.85% | -4.33% | +16.24% | +9.35% | +69.53% | |
| Flows | NINV | +$0 M | +$0 M | +$0 M | +$0 M | - |
ZUT | +$25 M | +$56 M | -$70 M | -$4 M | +$257 M |
NINV vs ZUT exposure
Countries
NINV
Exposure data will be available soon
ZUT
Canada
82.83%
Bermuda
17.17%
Sectors
NINV
Exposure data will be available soon
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
As of October 16, 2026
Top 10 Holdings
NINV
Exposure data will be available soon
ZUT
AltaGas Ltd.
9.30%
ATCO Ltd.
9.15%
Canadian Utilities Ltd.
8.78%
Brookfield Renewable Partners LP
8.73%
Capital Power Corp.
8.69%
Brookfield Infrastructure Partners LP
8.44%
Northland Power, Inc.
8.00%
TransAlta Corp.
7.98%
Emera, Inc.
7.97%
Fortis, Inc.
7.90%
Diversification
NINV
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
Characteristics
Compare
NINV
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 | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.85% |
| Meets ESG criteria | No | No |
| Inception Date | September 16, 2025 | January 19, 2010 |
Frequently asked questions about NINV and ZUT
Which ETF has performed better year to date: NINV or ZUT?
As of October 16, 2026, NINV has returned 11.55% year to date, while ZUT has returned 16.24%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: NINV or ZUT?
As of October 16, 2026, NINV manages $1.11 M in assets, while ZUT manages $862.78 M. ZUT is the larger fund by AUM.
How are NINV and ZUT managed?
NINV 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: NINV or ZUT?
Year to date, NINV has seen +$0.00 M in net flows, compared with -$69.96 M for ZUT. NINV has attracted more net investor money so far.
How do the fees of NINV and ZUT compare?
NINV has an expense ratio of 1.14%, while ZUT has an expense ratio of 0.61%.
Recent articles about NINV and ZUT
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