VS
When evaluating costs, VOLX features a management fee (MER) of 1.15%, compared to 0.55% for ZUT. Performance-wise, VOLX has returned 5.52% year-to-date with -$5 M in net flows, whereas ZUT is at 20.43% with -$76 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
VOLX
ZUT
| AuM | $21.82 M | $893.16 M |
| Management Fees | 1.15% | 0.55% |
| Exp. ratio | 1.18% | 0.61% |
| Tracking Difference | - | -0.90% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VOLX | -11.19% | -21.88% | -5.52% | -50.93% | -78.59% |
ZUT | +3.72% | +9.48% | +20.43% | +29.41% | +47.71% | |
| Flows | VOLX | +$1 M | +$1 M | -$5 M | +$17 M | +$10 M |
ZUT | -$15 M | +$4 M | -$76 M | +$122 M | +$233 M |
VOLX vs ZUT exposure
Countries
VOLX
Exposure data will be available soon
ZUT
Canada
85.23%
Bermuda
14.77%
Sectors
VOLX
Exposure data will be available soon
ZUT
Utilities
100.00%
As of June 11, 2026
Top 10 Holdings
VOLX
Exposure data will be available soon
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
VOLX
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
78.87%
Characteristics
Compare
VOLX
ZUT
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P 500 VIX Short-Term Futures Index - USD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Volatility | Equity |
| Dividend Policy | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.77% |
| Meets ESG criteria | No | No |
| Inception Date | December 15, 2010 | January 19, 2010 |
Frequently asked questions about VOLX and ZUT
Which ETF has performed better year to date: VOLX or ZUT?
As of June 11, 2026, VOLX has returned -5.52% year to date, while ZUT has returned 20.43%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: VOLX or ZUT?
As of June 11, 2026, VOLX manages $21.82 M in assets, while ZUT manages $893.16 M. ZUT is the larger fund by AUM.
How are VOLX and ZUT managed?
VOLX is passively managed by Global X. It tracks the S&P 500 VIX Short-Term Futures Index - USD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: VOLX or ZUT?
Year to date, VOLX has seen -$4.51 M in net flows, compared with -$76.24 M for ZUT. VOLX has attracted more net investor money so far.
How do the fees of VOLX and ZUT compare?
VOLX has an expense ratio of 1.18%, while ZUT has an expense ratio of 0.61%.
Recent articles about VOLX and ZUT
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.





