VS
When evaluating costs, UTES features a management fee (MER) of 0.6%, compared to 0.55% for ZUT. Performance-wise, UTES has returned 12.5% year-to-date with +$148 M in net flows, whereas ZUT is at 21.42% with -$120 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
ZUT
| AuM | $408.83 M | $852.96 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.84% | 0.61% |
| Tracking Difference | - | -1.96% |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UTES | +2.23% | +2.33% | +12.50% | +17.12% | - |
ZUT | +0.97% | +5.29% | +21.42% | +25.86% | +53.82% | |
| Flows | UTES | +$33 M | +$67 M | +$148 M | +$280 M | - |
ZUT | +$17 M | -$61 M | -$120 M | -$40 M | +$193 M |
UTES vs ZUT exposure
Countries
UTES
Exposure data will be available soon
ZUT
Canada
84.68%
Bermuda
15.32%
Sectors
UTES
Exposure data will be available soon
ZUT
Utilities
85.04%
Energy
7.95%
Industrials
7.01%
As of July 30, 2026
Top 10 Holdings
UTES
Exposure data will be available soon
ZUT
Boralex, Inc.
9.46%
Capital Power Corp.
8.42%
Brookfield Renewable Partners LP
8.31%
AltaGas Ltd.
7.95%
ATCO Ltd.
7.77%
TransAlta Corp.
7.74%
Canadian Utilities Ltd.
7.65%
Emera, Inc.
7.38%
Fortis, Inc.
7.23%
Northland Power, Inc.
7.14%
Diversification
UTES
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.05%
Characteristics
Compare
UTES
ZUT
| Provider | Evolve ETFs | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 16.28% | 2.73% |
| Meets ESG criteria | No | No |
| Inception Date | September 3, 2024 | January 19, 2010 |
Frequently asked questions about UTES and ZUT
Which ETF has performed better year to date: UTES or ZUT?
As of July 30, 2026, UTES has returned 12.50% year to date, while ZUT has returned 21.42%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: UTES or ZUT?
As of July 30, 2026, UTES manages $408.83 M in assets, while ZUT manages $852.96 M. ZUT is the larger fund by AUM.
How are UTES and ZUT managed?
UTES is actively managed by Evolve ETFs. 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: UTES or ZUT?
Year to date, UTES has seen +$147.54 M in net flows, compared with -$119.61 M for ZUT. UTES has attracted more net investor money so far.
How do the fees of UTES and ZUT compare?
UTES has an expense ratio of 0.84%, while ZUT has an expense ratio of 0.61%.
Recent articles about UTES and ZUT
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