VS
Hamilton Champions Utilities Index ETF (UMVP) and BMO Covered Call Utilities ETF (ZWU) offer distinct profiles for Canadian ETF investors. A direct comparison shows that UMVP focuses its top 3 sector exposures on Utilities, Energy, and Telecommunications, while ZWU leans towards Utilities, Energy, and Telecommunications. When evaluating costs, UMVP features a management fee (MER) of 0.19%, compared to 0.65% for ZWU. 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
UMVP
ZWU
| AuM | $296.59 M | $2,161.21 M |
| Management Fees | 0.19% | 0.65% |
| Exp. ratio | 0.19% | 0.71% |
| Tracking Difference | -0.20% | - |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UMVP | -1.97% | -7.90% | - | - | - |
ZWU | -0.88% | -4.41% | +6.20% | +6.95% | +37.56% | |
| Flows | UMVP | +$4 M | +$23 M | - | - | - |
ZWU | +$39 M | +$110 M | +$187 M | +$303 M | +$335 M |
UMVP vs ZWU exposure
Countries
UMVP
Canada
82.93%
Bermuda
16.81%
ZWU
Canada
56.27%
USA
38.93%
Sectors
UMVP
Utilities
34.80%
Energy
33.91%
Telecommunications
21.83%
Industrials
9.21%
ZWU
Utilities
48.37%
Energy
26.85%
Telecommunications
20.39%
As of September 10, 2026
Top 10 Holdings
UMVP
Canadian Utilities Ltd.
9.34%
Brookfield Infrastructure Partners LP
9.21%
Emera, Inc.
9.02%
Fortis, Inc.
8.84%
AltaGas Ltd.
8.67%
Pembina Pipeline Corp.
8.51%
TC Energy Corp.
8.45%
Enbridge, Inc.
8.27%
Rogers Communications, Inc.
7.63%
Brookfield Renewable Partners LP
7.60%
ZWU
Fortis, Inc.
5.53%
Hydro One Ltd.
5.47%
TC Energy Corp.
5.24%
Enbridge, Inc.
5.15%
Pembina Pipeline Corp.
5.00%
Verizon Communications, Inc.
4.74%
Emera, Inc.
4.57%
The Williams Cos., Inc.
4.40%
AT&T, Inc.
4.22%
The Southern Co.
3.93%
Diversification
UMVP
Total weight of top 10 holdings out of 12 total
85.55%
ZWU
Total weight of top 10 holdings out of 30 total
48.25%
Characteristics
Compare
UMVP
ZWU
| Provider | Hamilton ETFs | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive Canadian Utility Services High Dividend Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 7.49% |
| Meets ESG criteria | No | No |
| Inception Date | January 20, 2026 | October 27, 2011 |
Frequently asked questions about UMVP and ZWU
Which ETF is larger by assets under management: UMVP or ZWU?
As of September 10, 2026, UMVP manages $296.59 M in assets, while ZWU manages $2.16 B. ZWU is the larger fund by AUM.
How are UMVP and ZWU managed?
UMVP is passively managed by Hamilton ETFs. It tracks the Solactive Canadian Utility Services High Dividend Index - CAD benchmark. ZWU is actively managed by BMO. It does not track an index.
What sectors do UMVP and ZWU emphasize?
UMVP is most exposed to Utilities, Energy, and Telecommunications. ZWU is most exposed to Utilities, Energy, and Telecommunications.
How do the fees of UMVP and ZWU compare?
UMVP has an expense ratio of 0.19%, while ZWU has an expense ratio of 0.71%.
What are the top holdings of UMVP and ZWU?
UMVP's largest holdings include Canadian Utilities Ltd., Brookfield Infrastructure Partners LP, and Emera, Inc.. ZWU's top holdings include Fortis, Inc., Hydro One Ltd., and TC Energy Corp..
Which ETF is more diversified: UMVP or ZWU?
UMVP holds 12 securities, while ZWU holds 30. On holdings count, ZWU is the more diversified portfolio.
Recent articles about UMVP and ZWU
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