VS
Vanguard Growth ETF Portfolio (VGRO) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VGRO focuses its top 3 sector exposures on Information Technology, Financials, and Industrials, while ZUT leans towards Utilities. When evaluating costs, VGRO features a management fee (MER) of 0.22%, compared to 0.55% for ZUT. Performance-wise, VGRO has returned 7.62% year-to-date with +$780 M in net flows, whereas ZUT is at 15.78% with -$62 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
VGRO
ZUT
| AuM | $9,837.73 M | $875.01 M |
| Management Fees | 0.22% | 0.55% |
| Exp. ratio | 0.24% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of May 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VGRO | +3.91% | +4.43% | +7.62% | +26.22% | +65.67% |
ZUT | -1.94% | +10.98% | +15.78% | +28.82% | +38.18% | |
| Flows | VGRO | +$167 M | +$498 M | +$780 M | +$1,494 M | +$3,103 M |
ZUT | +$25 M | -$33 M | -$62 M | +$134 M | +$311 M |
VGRO vs ZUT exposure
Countries
VGRO
USA
37.67%
Canada
36.64%
Other
25.69%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
VGRO
Information Technology
15.70%
Financials
15.07%
Other
10.99%
Industrials
7.93%
Other
50.30%
ZUT
Utilities
100.00%
As of May 8, 2026
Top 10 Holdings
VGRO
NVIDIA
2.25%
APPLE
2.08%
ROYAL BK CANADA
1.71%
MICROSOFT-T
1.53%
TORONTO DOMINION
1.19%
AMAZON.COM INC
1.12%
SHOPIFY SUBORDINATE VOTING
1.10%
ALPHABET INC-CL
0.93%
ENBRIDGE
0.89%
BROADCOM LIMITED
0.82%
ZUT
BORALEX
9.91%
NORTHLAND POWER
7.97%
BROOKFIELD RENEWABLE PARTNERS
7.84%
CAPITAL POWER
7.84%
ALTAGAS
7.70%
ATCO
7.53%
ALGONQUIN POWER
7.52%
TRANSALTA
7.49%
EMERA
7.42%
CANADIAN UTILITIES
7.38%
Diversification
VGRO
Total weight of top 10 holdings out of 33,350 total
13.63%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
VGRO
ZUT
| Provider | Vanguard | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.75% | 2.90% |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2018 | January 19, 2010 |
Frequently asked questions about VGRO and ZUT
Which ETF has performed better year to date: VGRO or ZUT?
As of May 8, 2026, VGRO has returned 7.62% year to date, while ZUT has returned 15.78%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: VGRO or ZUT?
As of May 8, 2026, VGRO manages $9.84 B in assets, while ZUT manages $875.01 M. VGRO is the larger fund by AUM.
How are VGRO and ZUT managed?
VGRO is actively managed by Vanguard. It does not track an index. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do VGRO and ZUT emphasize?
VGRO is most exposed to Information Technology, Financials, and Industrials. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: VGRO or ZUT?
Year to date, VGRO has seen +$779.72 M in net flows, compared with -$61.61 M for ZUT. VGRO has attracted more net investor money so far.
How do the fees of VGRO and ZUT compare?
VGRO has an expense ratio of 0.24%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of VGRO and ZUT?
VGRO's largest holdings include NVIDIA and APPLE. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: VGRO or ZUT?
VGRO holds 24906 securities, while ZUT holds 13. On holdings count, VGRO is the more diversified portfolio.
Recent articles about VGRO and ZUT
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