VS
When evaluating costs, UTES features a management fee (MER) of 0.6%, compared to 0.65% for ZWU. Performance-wise, UTES has returned 3.44% year-to-date with +$222 M in net flows, whereas ZWU is at 5.72% with +$187 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
ZWU
| AuM | $435.05 M | $2,151.48 M |
| Management Fees | 0.60% | 0.65% |
| Exp. ratio | 0.84% | 0.71% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UTES | -3.77% | -8.66% | +3.44% | +4.06% | - |
ZWU | -3.40% | -4.66% | +5.72% | +6.86% | +34.38% | |
| Flows | UTES | +$20 M | +$116 M | +$222 M | +$323 M | - |
ZWU | +$27 M | +$101 M | +$187 M | +$297 M | +$341 M |
UTES vs ZWU exposure
Countries
UTES
Exposure data will be available soon
ZWU
Canada
56.27%
USA
38.93%
Sectors
UTES
Exposure data will be available soon
ZWU
Utilities
48.37%
Energy
26.85%
Telecommunications
20.39%
As of September 17, 2026
Top 10 Holdings
UTES
Exposure data will be available soon
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
UTES
Exposure data will be available soon
ZWU
Total weight of top 10 holdings out of 30 total
48.25%
Characteristics
Compare
UTES
ZWU
| Provider | Evolve ETFs | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 18.27% | 7.53% |
| Meets ESG criteria | No | No |
| Inception Date | September 3, 2024 | October 27, 2011 |
Frequently asked questions about UTES and ZWU
Which ETF has performed better year to date: UTES or ZWU?
As of September 17, 2026, UTES has returned 3.44% year to date, while ZWU has returned 5.72%. ZWU is ahead on YTD performance.
Which ETF is larger by assets under management: UTES or ZWU?
As of September 17, 2026, UTES manages $435.05 M in assets, while ZWU manages $2.15 B. ZWU is the larger fund by AUM.
How are UTES and ZWU managed?
UTES is actively managed by Evolve ETFs. It does not track an index. ZWU is actively managed by BMO. It does not track an index.
Which ETF is attracting more investor flows: UTES or ZWU?
Year to date, UTES has seen +$222.44 M in net flows, compared with +$187.30 M for ZWU. UTES has attracted more net investor money so far.
How do the fees of UTES and ZWU compare?
UTES has an expense ratio of 0.84%, while ZWU has an expense ratio of 0.71%.
Recent articles about UTES and ZWU
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.