VS
When evaluating costs, TCSH features a management fee (MER) of 0.15%, compared to 0.55% for ZUT. Performance-wise, TCSH has returned 1.53% year-to-date with +$822 M in net flows, whereas ZUT is at 13.46% with -$98 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
TCSH
ZUT
| AuM | $1,332.60 M | $816.24 M |
| Management Fees | 0.15% | 0.55% |
| Exp. ratio | 0.16% | 0.61% |
| Tracking Difference | - | -0.80% |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TCSH | +0.18% | +0.60% | +1.53% | +2.08% | - |
ZUT | -4.33% | -5.42% | +13.46% | +19.30% | +47.99% | |
| Flows | TCSH | +$65 M | +$246 M | +$822 M | +$921 M | - |
ZUT | +$14 M | -$32 M | -$98 M | -$105 M | +$220 M |
TCSH vs ZUT exposure
Countries
TCSH
Exposure data will be available soon
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
TCSH
Exposure data will be available soon
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of September 17, 2026
Top 10 Holdings
TCSH
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
TCSH
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
TCSH
ZUT
| Provider | TD Asset Management | 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 | 2.14% | 2.91% |
| Meets ESG criteria | No | No |
| Inception Date | February 27, 2024 | January 19, 2010 |
Frequently asked questions about TCSH and ZUT
Which ETF has performed better year to date: TCSH or ZUT?
As of September 17, 2026, TCSH has returned 1.53% year to date, while ZUT has returned 13.46%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: TCSH or ZUT?
As of September 17, 2026, TCSH manages $1.33 B in assets, while ZUT manages $816.24 M. TCSH is the larger fund by AUM.
How are TCSH and ZUT managed?
TCSH is actively managed by TD Asset Management. 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: TCSH or ZUT?
Year to date, TCSH has seen +$821.60 M in net flows, compared with -$97.69 M for ZUT. TCSH has attracted more net investor money so far.
How do the fees of TCSH and ZUT compare?
TCSH has an expense ratio of 0.16%, while ZUT has an expense ratio of 0.61%.
Recent articles about TCSH and ZUT
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.




