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 Communication Services, while ZWU leans towards Utilities, Energy, and Communication Services. 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 | $272.10 M | $2,131.75 M |
| Management Fees | 0.19% | 0.65% |
| Exp. ratio | 0.19% | 0.71% |
| Tracking Difference | -0.11% | - |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UMVP | -1.06% | +7.00% | - | - | - |
ZWU | -1.25% | +7.18% | +9.10% | +16.05% | +28.68% | |
| Flows | UMVP | +$5 M | +$165 M | - | - | - |
ZWU | +$43 M | +$19 M | +$34 M | +$216 M | +$160 M |
UMVP vs ZWU exposure
Countries
UMVP
Canada
83.10%
Bermuda
16.60%
ZWU
Canada
54.22%
USA
43.05%
Sectors
UMVP
Utilities
49.70%
Energy
26.50%
Communication Services
23.50%
ZWU
Utilities
56.11%
Energy
23.14%
Communication Services
21.65%
As of April 24, 2026
Top 10 Holdings
UMVP
BROOKFIELD RENEWABLE PARTNERS
8.90%
TC ENERGY CORP
8.90%
PEMBINA PIPELINE
8.90%
ENBRIDGE
8.70%
ALTAGAS
8.50%
FORTIS
8.30%
BCE
8.20%
EMERA
8.20%
HYDRO ONE
8.10%
ROGERS COMMUNICATIONS
7.90%
ZWU
FORTIS
5.56%
HYDRO ONE
5.52%
VERIZON COMMUNICATIONS
5.41%
TC ENERGY CORP
5.38%
AT&T
4.86%
PEMBINA PIPELINE
4.85%
ENBRIDGE
4.80%
EMERA
4.52%
KINDER MORGAN
4.36%
NEXTERA ENERGY
4.35%
Diversification
UMVP
Total weight of top 10 holdings out of 12 total
84.60%
ZWU
Total weight of top 10 holdings out of 29 total
49.61%
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 | - | 7.08% |
| 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 April 24, 2026, UMVP manages $272.10 M in assets, while ZWU manages $2.13 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 Communication Services. ZWU is most exposed to Utilities, Energy, and Communication Services.
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 BROOKFIELD RENEWABLE PARTNERS, TC ENERGY CORP, and PEMBINA PIPELINE. ZWU's top holdings include FORTIS, HYDRO ONE, and VERIZON COMMUNICATIONS.
Which ETF is more diversified: UMVP or ZWU?
UMVP holds 12 securities, while ZWU holds 29. On holdings count, ZWU is the more diversified portfolio.
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