VS
When evaluating costs, UTES features a management fee (MER) of 0.6%, compared to 0.55% for XUT. Performance-wise, UTES has returned 3.16% year-to-date with +$222 M in net flows, whereas XUT is at 6.58% with +$625 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
UTES
XUT
| AuM | $433.87 M | $889.81 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.84% | 0.61% |
| Tracking Difference | - | -0.77% |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UTES | -4.03% | -9.80% | +3.16% | +4.30% | - |
XUT | -6.87% | -8.87% | +6.58% | +12.57% | +40.35% | |
| Flows | UTES | +$20 M | +$117 M | +$222 M | +$324 M | - |
XUT | +$201 M | +$460 M | +$625 M | +$591 M | +$609 M |
UTES vs XUT exposure
Countries
UTES
Exposure data will be available soon
XUT
Canada
79.50%
Bermuda
20.39%
Sectors
UTES
Exposure data will be available soon
XUT
Utilities
74.74%
Industrials
14.73%
Energy
10.43%
As of September 15, 2026
Top 10 Holdings
UTES
Exposure data will be available soon
XUT
Fortis, Inc.
22.39%
Brookfield Infrastructure Partners LP
14.73%
Emera, Inc.
12.66%
Hydro One Ltd.
10.12%
AltaGas Ltd.
9.49%
Capital Power Corp.
5.78%
Brookfield Renewable Partners LP
5.66%
Canadian Utilities Ltd.
4.00%
ATCO Ltd.
3.23%
Algonquin Power & Utilities Corp.
3.20%
Diversification
UTES
Exposure data will be available soon
XUT
Total weight of top 10 holdings out of 14 total
91.27%
Characteristics
Compare
UTES
XUT
| Provider | Evolve ETFs | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P/TSX Capped Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 18.32% | 3.38% |
| Meets ESG criteria | No | No |
| Inception Date | September 3, 2024 | April 12, 2011 |
Frequently asked questions about UTES and XUT
Which ETF has performed better year to date: UTES or XUT?
As of September 15, 2026, UTES has returned 3.16% year to date, while XUT has returned 6.58%. XUT is ahead on YTD performance.
Which ETF is larger by assets under management: UTES or XUT?
As of September 15, 2026, UTES manages $433.87 M in assets, while XUT manages $889.81 M. XUT is the larger fund by AUM.
How are UTES and XUT managed?
UTES is actively managed by Evolve ETFs. It does not track an index. XUT is passively managed by iShares. It tracks the S&P/TSX Capped Utilities Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: UTES or XUT?
Year to date, UTES has seen +$222.44 M in net flows, compared with +$624.83 M for XUT. XUT has attracted more net investor money so far.
How do the fees of UTES and XUT compare?
UTES has an expense ratio of 0.84%, while XUT has an expense ratio of 0.61%.
Recent articles about UTES and XUT
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