VS
When evaluating costs, SAFE features a management fee (MER) of 0.25%, compared to 0.55% for ZUT. Performance-wise, SAFE has returned 22.42% year-to-date with +$6 M in net flows, whereas ZUT is at 12.68% 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
SAFE
ZUT
| AuM | $13.43 M | $811.97 M |
| Management Fees | 0.25% | 0.55% |
| Exp. ratio | 0.16% | 0.61% |
| Tracking Difference | -0.40% | -0.80% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | SAFE | -2.78% | +10.82% | +22.42% | +40.13% | - |
ZUT | -7.03% | -6.25% | +12.68% | +19.36% | +47.83% | |
| Flows | SAFE | +$3 M | +$2 M | +$6 M | +$4 M | - |
ZUT | +$23 M | -$18 M | -$96 M | -$89 M | +$217 M |
SAFE vs ZUT exposure
Countries
SAFE
Exposure data will be available soon
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
SAFE
Exposure data will be available soon
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of September 3, 2026
Top 10 Holdings
SAFE
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
SAFE
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
SAFE
ZUT
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Mirae Asset Equal Weight Canadian Insurance GTR Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.69% | 2.93% |
| Meets ESG criteria | No | No |
| Inception Date | November 7, 2024 | January 19, 2010 |
Frequently asked questions about SAFE and ZUT
Which ETF has performed better year to date: SAFE or ZUT?
As of September 3, 2026, SAFE has returned 22.42% year to date, while ZUT has returned 12.68%. SAFE is ahead on YTD performance.
Which ETF is larger by assets under management: SAFE or ZUT?
As of September 3, 2026, SAFE manages $13.43 M in assets, while ZUT manages $811.97 M. ZUT is the larger fund by AUM.
How are SAFE and ZUT managed?
SAFE is passively managed by Global X. It tracks the Mirae Asset Equal Weight Canadian Insurance GTR Index - CAD benchmark. 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: SAFE or ZUT?
Year to date, SAFE has seen +$5.69 M in net flows, compared with -$96.30 M for ZUT. SAFE has attracted more net investor money so far.
How do the fees of SAFE and ZUT compare?
SAFE has an expense ratio of 0.16%, while ZUT has an expense ratio of 0.61%.
Recent articles about SAFE and ZUT
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