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Compare Global X Equal Weight Canadian Utilities Index ETF (UTIL) vs BMO Equal Weight Utilities Index ETF (ZUT) to find the best fit for your portfolio. UTIL provides Energy exposures, while ZUT is primarily weighted in Utilities, Energy, and Industrials. When evaluating costs, UTIL features a management fee (MER) of 0.61%, compared to 0.55% for ZUT. Performance-wise, UTIL has returned 11.02% year-to-date with -$8 M in net flows, whereas ZUT is at 12.68% with -$96 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
ZUT
| AuM | $23.23 M | $811.97 M |
| Management Fees | 0.61% | 0.55% |
| Exp. ratio | 0.21% | 0.61% |
| Tracking Difference | -0.40% | -0.80% |
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% |
ZUT | -7.03% | -6.25% | +12.68% | +19.36% | +47.83% | |
| Flows | UTIL | -$2 M | -$3 M | -$8 M | -$4 M | +$11 M |
ZUT | +$23 M | -$18 M | -$96 M | -$89 M | +$217 M |
UTIL vs ZUT exposure
Countries
UTIL
Canada
99.62%
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
UTIL
Energy
99.62%
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
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%
ZUT
Boralex, Inc.
9.47%
ATCO Ltd.
8.45%
AltaGas Ltd.
8.32%
Canadian Utilities Ltd.
8.09%
Brookfield Infrastructure Partners LP
7.95%
Capital Power Corp.
7.68%
Brookfield Renewable Partners LP
7.64%
Emera, Inc.
7.35%
TransAlta Corp.
7.18%
Northland Power, Inc.
7.08%
Diversification
UTIL
Total weight of top 10 holdings out of 5 total
99.62%
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
UTIL
ZUT
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Mirae Asset Equal Weight Canadian Utilities Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.62% | 2.93% |
| Meets ESG criteria | No | No |
| Inception Date | August 9, 2022 | January 19, 2010 |
Frequently asked questions about UTIL and ZUT
Which ETF has performed better year to date: UTIL or ZUT?
As of September 3, 2026, UTIL has returned 11.02% year to date, while ZUT has returned 12.68%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: UTIL or ZUT?
As of September 3, 2026, UTIL manages $23.23 M in assets, while ZUT manages $811.97 M. ZUT is the larger fund by AUM.
How are UTIL and ZUT managed?
UTIL is passively managed by Global X. It tracks the Mirae Asset Equal Weight Canadian Utilities Index - CAD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do UTIL and ZUT emphasize?
UTIL is most exposed to Energy. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: UTIL or ZUT?
Year to date, UTIL has seen -$8.25 M in net flows, compared with -$96.30 M for ZUT. UTIL has attracted more net investor money so far.
How do the fees of UTIL and ZUT compare?
UTIL has an expense ratio of 0.21%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of UTIL and ZUT?
UTIL's largest holdings include South Bow Corp., Keyera Corp., and Pembina Pipeline Corp.. ZUT's top holdings include Boralex, Inc., ATCO Ltd., and AltaGas Ltd..
Which ETF is more diversified: UTIL or ZUT?
UTIL holds 5 securities, while ZUT holds 13. On holdings count, ZUT is the more diversified portfolio.
Recent articles about UTIL and ZUT
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