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Global X Equal Weight Canadian Utilities Index ETF (UTIL) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that UTIL focuses its top 3 sector exposures on Energy, while ZSP leans towards Technology, Finance, and Healthcare. When evaluating costs, UTIL features a management fee (MER) of 0.61%, compared to 0.08% for ZSP. Performance-wise, UTIL has returned 11.02% year-to-date with -$8 M in net flows, whereas ZSP is at 14.37% with +$458 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
UTIL
ZSP
| AuM | $23.23 M | $24,506.28 M |
| Management Fees | 0.61% | 0.08% |
| Exp. ratio | 0.21% | 0.09% |
| Tracking Difference | -0.40% | -0.25% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UTIL | -6.67% | -5.81% | +11.02% | +17.36% | +48.62% |
ZSP | -1.76% | +1.99% | +14.37% | +21.17% | +79.58% | |
| Flows | UTIL | -$2 M | -$3 M | -$8 M | -$4 M | +$11 M |
ZSP | +$63 M | +$125 M | +$458 M | +$892 M | +$5,270 M |
UTIL vs ZSP exposure
Countries
UTIL
Canada
99.62%
ZSP
USA
96.51%
Sectors
UTIL
Energy
99.62%
ZSP
Technology
44.85%
Finance
14.06%
Healthcare
8.98%
Consumer Non-Cyclicals
8.97%
Industrials
7.63%
Other
15.53%
As of September 3, 2026
Top 10 Holdings
UTIL
South Bow Corp.
20.77%
Keyera Corp.
20.54%
Pembina Pipeline Corp.
20.14%
TC Energy Corp.
19.71%
Enbridge, Inc.
18.46%
ZSP
Apple, Inc.
7.66%
NVIDIA Corp.
7.39%
Microsoft Corp.
5.24%
Amazon.com, Inc.
3.61%
Alphabet, Inc.
3.07%
Broadcom Inc.
2.88%
Alphabet, Inc.
2.47%
Meta Platforms, Inc.
1.85%
Micron Technology, Inc.
1.55%
JPMorgan Chase & Co.
1.47%
Diversification
UTIL
Total weight of top 10 holdings out of 5 total
99.62%
ZSP
Total weight of top 10 holdings out of 502 total
37.19%
Characteristics
Compare
UTIL
ZSP
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Mirae Asset Equal Weight Canadian Utilities Index - CAD | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.62% | 0.76% |
| Meets ESG criteria | No | No |
| Inception Date | August 9, 2022 | November 14, 2012 |
Frequently asked questions about UTIL and ZSP
Which ETF has performed better year to date: UTIL or ZSP?
As of September 3, 2026, UTIL has returned 11.02% year to date, while ZSP has returned 14.37%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: UTIL or ZSP?
As of September 3, 2026, UTIL manages $23.23 M in assets, while ZSP manages $24.51 B. ZSP is the larger fund by AUM.
How are UTIL and ZSP managed?
UTIL is passively managed by Global X. It tracks the Mirae Asset Equal Weight Canadian Utilities Index - CAD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do UTIL and ZSP emphasize?
UTIL is most exposed to Energy. ZSP is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: UTIL or ZSP?
Year to date, UTIL has seen -$8.25 M in net flows, compared with +$457.96 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of UTIL and ZSP compare?
UTIL has an expense ratio of 0.21%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of UTIL and ZSP?
UTIL's largest holdings include South Bow Corp., Keyera Corp., and Pembina Pipeline Corp.. ZSP's top holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc..
Which ETF is more diversified: UTIL or ZSP?
UTIL holds 5 securities, while ZSP holds 494. On holdings count, ZSP is the more diversified portfolio.
Recent articles about UTIL and ZSP
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