VS
Vanguard Global Aggregate Bond Index ETF (VGAB) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VGAB focuses its top 3 sector exposures on Sovereign, Banks, and Other sectors, while ZUT leans towards Utilities. When evaluating costs, VGAB features a management fee (MER) of 0.34%, compared to 0.55% for ZUT. Performance-wise, VGAB has returned 0.7% year-to-date with +$78 M in net flows, whereas ZUT is at 19.01% with -$67 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
VGAB
ZUT
| AuM | $600.26 M | $891.48 M |
| Management Fees | 0.34% | 0.55% |
| Exp. ratio | 0.33% | 0.61% |
| Tracking Difference | -1.08% | -0.90% |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VGAB | -0.53% | -1.35% | -0.70% | +0.93% | +7.59% |
ZUT | +2.79% | +9.35% | +19.01% | +28.50% | +44.66% | |
| Flows | VGAB | +$17 M | +$46 M | +$78 M | +$444 M | +$507 M |
ZUT | -$4 M | +$16 M | -$67 M | +$134 M | +$240 M |
VGAB vs ZUT exposure
Countries
VGAB
USA
48.19%
Other
51.81%
ZUT
Canada
85.23%
Bermuda
14.77%
Sectors
VGAB
Sovereign
44.05%
Other
27.33%
Banks
7.80%
Other
20.82%
ZUT
Utilities
100.00%
As of June 8, 2026
Top 10 Holdings
VGAB
DE000F2Y2E04
0.51%
USA, Notes 3.5% 31jan2028, USD (U-2028)
0.24%
US91282CPZ85
0.24%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.21%
US91282CPL99
0.21%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.21%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.21%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.21%
USA, Notes 4% 15feb2034, USD (B-2034)
0.20%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.20%
ZUT
BORALEX
10.04%
NORTHLAND POWER
8.09%
ALTAGAS
8.08%
BROOKFIELD RENEWABLE PARTNERS
7.87%
ATCO
7.62%
CAPITAL POWER
7.57%
EMERA
7.48%
ALGONQUIN POWER
7.47%
CANADIAN UTILITIES
7.43%
FORTIS
7.23%
Diversification
VGAB
Total weight of top 10 holdings out of 22,151 total
2.42%
ZUT
Total weight of top 10 holdings out of 13 total
78.87%
Characteristics
Compare
VGAB
ZUT
| Provider | Vanguard | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Global Aggregate Float Adjusted Composite GTR Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.61% | 2.80% |
| Meets ESG criteria | No | No |
| Inception Date | January 23, 2020 | January 19, 2010 |
Frequently asked questions about VGAB and ZUT
Which ETF has performed better year to date: VGAB or ZUT?
As of June 8, 2026, VGAB has returned -0.70% year to date, while ZUT has returned 19.01%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: VGAB or ZUT?
As of June 8, 2026, VGAB manages $600.26 M in assets, while ZUT manages $891.48 M. ZUT is the larger fund by AUM.
How are VGAB and ZUT managed?
VGAB is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Float Adjusted Composite GTR 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 VGAB and ZUT emphasize?
VGAB is most exposed to Sovereign, Banks, and Other sectors. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: VGAB or ZUT?
Year to date, VGAB has seen +$78.31 M in net flows, compared with -$67.36 M for ZUT. VGAB has attracted more net investor money so far.
How do the fees of VGAB and ZUT compare?
VGAB has an expense ratio of 0.33%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of VGAB and ZUT?
VGAB's largest holdings include USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4.375% 15may2034, USD (C-2034). ZUT's top holdings include BORALEX, NORTHLAND POWER, and ALTAGAS.
Which ETF is more diversified: VGAB or ZUT?
VGAB holds 13848 securities, while ZUT holds 13. On holdings count, VGAB is the more diversified portfolio.
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