VS
Global X Defence Tech Index ETF (SHLD) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that SHLD focuses its top 3 sector exposures on Industrials and Information Technology, while ZUT leans towards Utilities. When evaluating costs, SHLD features a management fee (MER) of 0.49%, compared to 0.55% for ZUT. Performance-wise, SHLD has returned 1.01% year-to-date with +$99 M in net flows, whereas ZUT is at 19.01% with -$67 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
SHLD
ZUT
| AuM | $230.14 M | $891.48 M |
| Management Fees | 0.49% | 0.55% |
| Exp. ratio | 0.49% | 0.61% |
| Tracking Difference | -1.24% | -0.90% |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | SHLD | -1.44% | -16.99% | -1.01% | +11.84% | - |
ZUT | +2.79% | +9.35% | +19.01% | +28.50% | +44.66% | |
| Flows | SHLD | -$8 M | +$12 M | +$99 M | +$234 M | - |
ZUT | -$4 M | +$16 M | -$67 M | +$134 M | +$240 M |
SHLD vs ZUT exposure
Countries
SHLD
USA
57.10%
Republic of Korea
9.23%
Other
33.66%
ZUT
Canada
85.23%
Bermuda
14.77%
Sectors
SHLD
Industrials
85.58%
Information Technology
7.62%
ZUT
Utilities
100.00%
As of June 8, 2026
Top 10 Holdings
SHLD
LOCKHEED MARTIN
8.19%
GENERAL DYNAMICS
7.59%
RAYTHEON TECHNOLOGIES CORPORD
7.55%
PALANTIR TECHNOLOGIES
6.30%
RHEINMETALL
6.04%
HANWHA AEROSPACE
5.47%
BAE SYSTEMS
4.89%
L3 HARRIS TECHNOLOGIES
4.84%
NORTHROP GRUMMAN
4.35%
LEONARDO SPA
4.22%
ZUT
BORALEX
10.04%
NORTHLAND POWER
8.09%
ALTAGAS
8.08%
BROOKFIELD RENEWABLE PARTNERS
7.87%
ATCO
7.62%
CAPITAL POWER
7.57%
EMERA
7.48%
ALGONQUIN POWER
7.47%
CANADIAN UTILITIES
7.43%
FORTIS
7.23%
Diversification
SHLD
Total weight of top 10 holdings out of 47 total
59.44%
ZUT
Total weight of top 10 holdings out of 13 total
78.87%
Characteristics
Compare
SHLD
ZUT
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Global X Defense Tech 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 | 0.18% | 2.80% |
| Meets ESG criteria | No | No |
| Inception Date | April 30, 2025 | January 19, 2010 |
Frequently asked questions about SHLD and ZUT
Which ETF has performed better year to date: SHLD or ZUT?
As of June 8, 2026, SHLD has returned -1.01% year to date, while ZUT has returned 19.01%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: SHLD or ZUT?
As of June 8, 2026, SHLD manages $230.14 M in assets, while ZUT manages $891.48 M. ZUT is the larger fund by AUM.
How are SHLD and ZUT managed?
SHLD is passively managed by Global X. It tracks the Global X Defense Tech Index - CAD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do SHLD and ZUT emphasize?
SHLD is most exposed to Industrials and Information Technology. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: SHLD or ZUT?
Year to date, SHLD has seen +$99.34 M in net flows, compared with -$67.36 M for ZUT. SHLD has attracted more net investor money so far.
How do the fees of SHLD and ZUT compare?
SHLD has an expense ratio of 0.49%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of SHLD and ZUT?
SHLD's largest holdings include LOCKHEED MARTIN, GENERAL DYNAMICS, and RAYTHEON TECHNOLOGIES CORPORD. ZUT's top holdings include BORALEX, NORTHLAND POWER, and ALTAGAS.
Which ETF is more diversified: SHLD or ZUT?
SHLD holds 42 securities, while ZUT holds 13. On holdings count, SHLD is the more diversified portfolio.
Recent articles about SHLD and ZUT
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