VS
Compare iShares S&P/TSX Small Cap Index ETF (XCS) vs BMO Equal Weight Utilities Index ETF (ZUT) to find the best fit for your portfolio. XCS provides Non-Energy Materials, Energy, and Finance exposures, while ZUT is primarily weighted in Utilities, Energy, and Industrials. When evaluating costs, XCS features a management fee (MER) of 0.55%, compared to 0.55% for ZUT. Performance-wise, XCS has returned 14.94% year-to-date with -$16 M in net flows, whereas ZUT is at 19.69% 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
XCS
ZUT
| AuM | $232.88 M | $883.26 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | -0.76% | -0.71% |
Historical performance and flows
As of November 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCS | -5.15% | -2.10% | +14.94% | +28.76% | +113.62% |
ZUT | +5.12% | -1.24% | +19.69% | +12.51% | +68.71% | |
| Flows | XCS | -$7 M | -$3 M | -$16 M | -$1 M | -$6 M |
ZUT | -$16 M | +$47 M | -$73 M | -$14 M | +$248 M |
XCS vs ZUT exposure
Countries
XCS
Canada
95.61%
ZUT
Canada
83.93%
Bermuda
16.07%
Sectors
XCS
Non-Energy Materials
35.57%
Energy
19.59%
Finance
15.09%
Industrials
12.52%
Other
17.24%
ZUT
Utilities
83.24%
Energy
8.44%
Industrials
8.32%
As of November 3, 2026
Top 10 Holdings
XCS
Ero Copper Corp.
1.84%
Wesdome Gold Mines Ltd.
1.75%
Athabasca Oil Corp.
1.68%
Russel Metals, Inc.
1.67%
Kinaxis, Inc.
1.63%
Fortuna Mining Corp.
1.60%
Trekor Metals Ltd.
1.56%
Bird Construction, Inc.
1.53%
Baytex Energy Corp.
1.39%
Enerflex Ltd.
1.33%
ZUT
Northland Power, Inc.
9.17%
TransAlta Corp.
8.59%
ATCO Ltd.
8.53%
AltaGas Ltd.
8.44%
Canadian Utilities Ltd.
8.43%
Fortis, Inc.
8.34%
Brookfield Infrastructure Partners LP
8.32%
Capital Power Corp.
8.27%
Emera, Inc.
8.26%
Hydro One Ltd.
8.15%
Diversification
XCS
Total weight of top 10 holdings out of 233 total
15.98%
ZUT
Total weight of top 10 holdings out of 12 total
84.50%
Characteristics
Compare
XCS
ZUT
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Smallcap Total Return Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.63% | 2.78% |
| Meets ESG criteria | No | No |
| Inception Date | May 14, 2007 | January 19, 2010 |
Frequently asked questions about XCS and ZUT
Which ETF has performed better year to date: XCS or ZUT?
As of November 3, 2026, XCS has returned 14.94% year to date, while ZUT has returned 19.69%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: XCS or ZUT?
As of November 3, 2026, XCS manages $232.88 M in assets, while ZUT manages $883.26 M. ZUT is the larger fund by AUM.
How are XCS and ZUT managed?
XCS is passively managed by iShares. It tracks the S&P/TSX Smallcap 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 XCS and ZUT emphasize?
XCS is most exposed to Non-Energy Materials, Energy, and Finance. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: XCS or ZUT?
Year to date, XCS has seen -$15.84 M in net flows, compared with -$72.83 M for ZUT. XCS has attracted more net investor money so far.
How do the fees of XCS and ZUT compare?
XCS has an expense ratio of 0.60%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of XCS and ZUT?
XCS's largest holdings include Ero Copper Corp., Wesdome Gold Mines Ltd., and Athabasca Oil Corp.. ZUT's top holdings include Northland Power, Inc., TransAlta Corp., and ATCO Ltd..
Which ETF is more diversified: XCS or ZUT?
XCS holds 232 securities, while ZUT holds 12. On holdings count, XCS is the more diversified portfolio.
Recent articles about XCS and ZUT
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