VS
Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VSC focuses its top 3 sector exposures on Banks, Communication services, and Insurance and reinsurance, while ZUT leans towards Utilities. When evaluating costs, VSC features a management fee (MER) of 0.1%, compared to 0.55% for ZUT. Performance-wise, VSC has returned 0.67% year-to-date with +$194 M in net flows, whereas ZUT is at 18.35% with -$73 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
VSC
ZUT
| AuM | $1,486.38 M | $882.61 M |
| Management Fees | 0.10% | 0.55% |
| Exp. ratio | 0.11% | 0.61% |
| Tracking Difference | -0.19% | -0.85% |
Historical performance and flows
As of May 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VSC | -0.11% | -0.34% | +0.67% | +3.62% | +20.19% |
ZUT | +4.75% | +7.99% | +18.35% | +30.21% | +43.27% | |
| Flows | VSC | +$17 M | +$118 M | +$194 M | +$440 M | +$407 M |
ZUT | -$13 M | -$11 M | -$73 M | +$121 M | +$235 M |
VSC vs ZUT exposure
Countries
VSC
Canada
93.32%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
VSC
Banks
31.28%
Other
24.78%
Other
43.93%
ZUT
Utilities
100.00%
As of May 20, 2026
Top 10 Holdings
VSC
CA06418Y4L93
0.97%
CA779926WF74
0.97%
CA89116C7J09
0.95%
CA13607QQT27
0.92%
Bank of Montreal, 4.709% 7dec2027, CAD
0.89%
CA89116C3S44
0.86%
Bank of Montreal, 3.19% 1mar2028, CAD
0.82%
CA06418YXB96
0.82%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.79%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.76%
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
VSC
Total weight of top 10 holdings out of 443 total
8.75%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
VSC
ZUT
| Provider | Vanguard | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Global Aggregate Canadian Credit 1-5Y Total Return 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 | 3.93% | 2.84% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2012 | January 19, 2010 |
Frequently asked questions about VSC and ZUT
Which ETF has performed better year to date: VSC or ZUT?
As of May 20, 2026, VSC has returned 0.67% year to date, while ZUT has returned 18.35%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: VSC or ZUT?
As of May 20, 2026, VSC manages $1.49 B in assets, while ZUT manages $882.61 M. VSC is the larger fund by AUM.
How are VSC and ZUT managed?
VSC is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Credit 1-5Y Total Return 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 VSC and ZUT emphasize?
VSC is most exposed to Banks, Communication services, and Insurance and reinsurance. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: VSC or ZUT?
Year to date, VSC has seen +$193.99 M in net flows, compared with -$73.36 M for ZUT. VSC has attracted more net investor money so far.
How do the fees of VSC and ZUT compare?
VSC has an expense ratio of 0.11%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of VSC and ZUT?
VSC's largest holdings include Bank of Montreal, 4.709% 7dec2027, CAD and Bank of Montreal, 3.19% 1mar2028, CAD. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: VSC or ZUT?
VSC holds 341 securities, while ZUT holds 13. On holdings count, VSC is the more diversified portfolio.
Recent articles about VSC and ZUT
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