VS
When evaluating costs, SBUL features a management fee (MER) of 0.85%, compared to 0.55% for ZUT. Performance-wise, SBUL has returned 20.69% year-to-date with -$1 M in net flows, whereas ZUT is at 22.01% with -$126 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
SBUL
ZUT
| AuM | $0.89 M | $852.91 M |
| Management Fees | 0.85% | 0.55% |
| Exp. ratio | 0.85% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | SBUL | -18.31% | -29.38% | -20.69% | +47.53% | - |
ZUT | +1.71% | +5.71% | +22.01% | +27.22% | +54.59% | |
| Flows | SBUL | -$0 M | -$0 M | -$1 M | -$1 M | - |
ZUT | -$60 M | -$66 M | -$126 M | -$42 M | +$188 M |
SBUL vs ZUT exposure
Countries
SBUL
Exposure data will be available soon
ZUT
Canada
83.77%
Bermuda
16.23%
Sectors
SBUL
Exposure data will be available soon
ZUT
Utilities
84.34%
Energy
8.20%
Industrials
7.46%
As of July 17, 2026
Top 10 Holdings
SBUL
Exposure data will be available soon
ZUT
Boralex, Inc.
9.57%
Brookfield Renewable Partners LP
8.77%
AltaGas Ltd.
8.20%
Capital Power Corp.
8.05%
TransAlta Corp.
7.83%
Northland Power, Inc.
7.73%
Brookfield Infrastructure Partners LP
7.46%
Canadian Utilities Ltd.
7.33%
ATCO Ltd.
7.25%
Emera, Inc.
7.16%
Diversification
SBUL
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.35%
Characteristics
Compare
SBUL
ZUT
| Provider | Ninepoint Partners | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Commodity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.72% |
| Meets ESG criteria | No | No |
| Inception Date | July 16, 2025 | January 19, 2010 |
Frequently asked questions about SBUL and ZUT
Which ETF has performed better year to date: SBUL or ZUT?
As of July 17, 2026, SBUL has returned -20.69% year to date, while ZUT has returned 22.01%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: SBUL or ZUT?
As of July 17, 2026, SBUL manages $0.89 M in assets, while ZUT manages $852.91 M. ZUT is the larger fund by AUM.
How are SBUL and ZUT managed?
SBUL is actively managed by Ninepoint Partners. 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: SBUL or ZUT?
Year to date, SBUL has seen -$0.90 M in net flows, compared with -$125.69 M for ZUT. SBUL has attracted more net investor money so far.
How do the fees of SBUL and ZUT compare?
SBUL has an expense ratio of 0.85%, while ZUT has an expense ratio of 0.61%.
Recent articles about SBUL and ZUT
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Canadian energy ETFs rallied alongside oil prices last week as sanctions on Russia tightened global supply expectations, while precious metals corrected sharply following record highs and easing safe-haven demand.
Posted on 10/27/2025 by ETF Market Canada inCommodities
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