VS
iShares U.S. Aggregate Bond Index ETF (XAGG) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XAGG focuses its top 3 sector exposures on Sovereign, Finance, and Industrials, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, XAGG features a management fee (MER) of 0.18%, compared to 0.55% for ZUT. Performance-wise, XAGG has returned 1.25% year-to-date with +$10 M in net flows, whereas ZUT is at 15.85% with -$106 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
XAGG
ZUT
| AuM | $61.03 M | $826.72 M |
| Management Fees | 0.18% | 0.55% |
| Exp. ratio | 0.19% | 0.61% |
| Tracking Difference | -0.21% | -0.82% |
Historical performance and flows
As of August 25, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XAGG | -1.32% | +0.66% | +1.25% | +2.62% | +15.41% |
ZUT | -5.83% | -2.74% | +15.85% | +20.73% | +51.04% | |
| Flows | XAGG | +$12 M | +$14 M | +$10 M | +$7 M | +$57 M |
ZUT | +$13 M | -$31 M | -$106 M | -$91 M | +$203 M |
XAGG vs ZUT exposure
Countries
XAGG
USA
77.34%
Other
17.21%
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
XAGG
Sovereign
47.52%
Other
17.21%
Finance
10.19%
Industrials
7.10%
Other
17.98%
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of August 25, 2026
Top 10 Holdings
XAGG
BlackRock Cash Funds - Institutional
2.85%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.42%
USA, Notes 4% 28feb2030, USD (H-2030)
0.41%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.41%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.40%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.40%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.40%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.39%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.39%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.39%
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
XAGG
Total weight of top 10 holdings out of 13,243 total
6.47%
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
XAGG
ZUT
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg US Aggregate Bond Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.19% | 2.86% |
| Meets ESG criteria | No | No |
| Inception Date | August 6, 2021 | January 19, 2010 |
Frequently asked questions about XAGG and ZUT
Which ETF has performed better year to date: XAGG or ZUT?
As of August 25, 2026, XAGG has returned 1.25% year to date, while ZUT has returned 15.85%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: XAGG or ZUT?
As of August 25, 2026, XAGG manages $61.03 M in assets, while ZUT manages $826.72 M. ZUT is the larger fund by AUM.
How are XAGG and ZUT managed?
XAGG is passively managed by iShares. It tracks the Bloomberg US Aggregate Bond 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 XAGG and ZUT emphasize?
XAGG is most exposed to Sovereign, Finance, and Industrials. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: XAGG or ZUT?
Year to date, XAGG has seen +$10.42 M in net flows, compared with -$106.29 M for ZUT. XAGG has attracted more net investor money so far.
How do the fees of XAGG and ZUT compare?
XAGG has an expense ratio of 0.19%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of XAGG and ZUT?
XAGG's largest holdings include BlackRock Cash Funds - Institutional and USA, Notes 4.625% 15feb2035, USD (B-2035). ZUT's top holdings include Boralex, Inc., ATCO Ltd., and AltaGas Ltd..
Which ETF is more diversified: XAGG or ZUT?
XAGG holds 10356 securities, while ZUT holds 13. On holdings count, XAGG is the more diversified portfolio.
Recent articles about XAGG and ZUT
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.