VS
Vanguard S&P 500 Index ETF (VFV) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VFV focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, VFV features a management fee (MER) of 0.08%, compared to 0.55% for ZUT. Performance-wise, VFV has returned 13.63% year-to-date with +$4 B in net flows, whereas ZUT is at 12.81% with -$95 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
VFV
ZUT
| AuM | $35,078.41 M | $814.36 M |
| Management Fees | 0.08% | 0.55% |
| Exp. ratio | 0.09% | 0.61% |
| Tracking Difference | 0.10% | -0.80% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VFV | -2.40% | +1.00% | +13.63% | +21.08% | +79.38% |
ZUT | -6.91% | -5.97% | +12.81% | +18.92% | +48.01% | |
| Flows | VFV | +$392 M | +$1,682 M | +$3,640 M | +$4,819 M | +$14,756 M |
ZUT | +$25 M | -$20 M | -$95 M | -$88 M | +$218 M |
VFV vs ZUT exposure
Countries
VFV
USA
96.38%
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
VFV
Technology
44.70%
Finance
13.84%
Consumer Non-Cyclicals
9.41%
Healthcare
8.88%
Industrials
7.61%
Other
15.57%
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of September 2, 2026
Top 10 Holdings
VFV
NVIDIA Corp.
7.55%
Apple, Inc.
7.04%
Microsoft Corp.
5.36%
Amazon.com, Inc.
4.13%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.86%
Alphabet, Inc.
2.62%
Meta Platforms, Inc.
1.90%
JPMorgan Chase & Co.
1.46%
Berkshire Hathaway, Inc.
1.46%
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
VFV
Total weight of top 10 holdings out of 503 total
37.60%
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
VFV
ZUT
| Provider | Vanguard | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P 500 ( CAD NY Rate ) Net Total Return 30% Index - CAD | 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 | 0.84% | 2.93% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2012 | January 19, 2010 |
Frequently asked questions about VFV and ZUT
Which ETF has performed better year to date: VFV or ZUT?
As of September 2, 2026, VFV has returned 13.63% year to date, while ZUT has returned 12.81%. VFV is ahead on YTD performance.
Which ETF is larger by assets under management: VFV or ZUT?
As of September 2, 2026, VFV manages $35.08 B in assets, while ZUT manages $814.36 M. VFV is the larger fund by AUM.
How are VFV and ZUT managed?
VFV is passively managed by Vanguard. It tracks the S&P 500 ( CAD NY Rate ) Net Total Return 30% 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 VFV and ZUT emphasize?
VFV is most exposed to Technology, Finance, and Consumer Non-Cyclicals. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: VFV or ZUT?
Year to date, VFV has seen +$3,639.76 M in net flows, compared with -$94.91 M for ZUT. VFV has attracted more net investor money so far.
How do the fees of VFV and ZUT compare?
VFV has an expense ratio of 0.09%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of VFV and ZUT?
VFV's largest holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc.. ZUT's top holdings include Boralex, Inc., ATCO Ltd., and AltaGas Ltd..
Which ETF is more diversified: VFV or ZUT?
VFV holds 495 securities, while ZUT holds 13. On holdings count, VFV is the more diversified portfolio.
Recent articles about VFV and ZUT
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