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 Materials, Energy, and Real Estate exposures, while ZUT is primarily weighted in Utilities. When evaluating costs, XCS features a management fee (MER) of 0.55%, compared to 0.55% for ZUT. Performance-wise, XCS has returned 20.76% year-to-date with -$6 M in net flows, whereas ZUT is at 16.08% with -$63 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 | $258.63 M | $875.85 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | -1.13% | -0.85% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCS | +7.23% | +6.21% | +20.76% | +79.13% | +114.36% |
ZUT | -1.06% | +11.27% | +16.08% | +29.45% | +38.54% | |
| Flows | XCS | +$7 M | +$5 M | -$6 M | -$2 M | +$0 M |
ZUT | +$24 M | -$35 M | -$63 M | +$131 M | +$310 M |
XCS vs ZUT exposure
Countries
XCS
Canada
99.22%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
XCS
Materials
23.32%
Energy
22.51%
Other
14.43%
Real Estate
9.22%
Industrials
8.90%
Other
21.62%
ZUT
Utilities
100.00%
As of May 7, 2026
Top 10 Holdings
XCS
TAMARACK VALLEY ENERGY
1.89%
METHANEX
1.87%
ATHABASCA OIL
1.83%
SPROTT
1.44%
CA3499421020
1.43%
DENISON MINES
1.40%
CA01921D2041
1.40%
BAYTEX ENERGY
1.38%
KINAXIS
1.32%
CA8139211038
1.32%
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
XCS
Total weight of top 10 holdings out of 233 total
15.28%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
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 | 1.05% | 2.89% |
| 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 May 7, 2026, XCS has returned 20.76% year to date, while ZUT has returned 16.08%. XCS is ahead on YTD performance.
Which ETF is larger by assets under management: XCS or ZUT?
As of May 7, 2026, XCS manages $258.63 M in assets, while ZUT manages $875.85 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 Materials, Energy, and Real Estate. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: XCS or ZUT?
Year to date, XCS has seen -$5.80 M in net flows, compared with -$63.05 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 TAMARACK VALLEY ENERGY and METHANEX. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: XCS or ZUT?
XCS holds 198 securities, while ZUT holds 13. On holdings count, XCS is the more diversified portfolio.
Recent articles about XCS and ZUT
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