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Compare iShares S&P/TSX Capped Energy Index ETF (XEG) vs Global X Equal Weight Canadian Utilities Index ETF (UTIL) to find the best fit for your portfolio. XEG provides Energy, Finance, and Non-Energy Materials exposures, while UTIL is primarily weighted in Energy. When evaluating costs, XEG features a management fee (MER) of 0.55%, compared to 0.61% for UTIL. Performance-wise, XEG has returned 46.31% year-to-date with +$46 M in net flows, whereas UTIL is at 19.69% with -$6 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
XEG
UTIL
| AuM | $2,320.66 M | $27.40 M |
| Management Fees | 0.55% | 0.61% |
| Exp. ratio | 0.60% | 0.21% |
| Tracking Difference | 4.73% | -0.42% |
Historical performance and flows
As of July 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEG | +15.72% | +2.68% | +46.31% | +62.59% | +94.77% |
UTIL | +0.22% | +6.09% | +19.69% | +24.99% | +54.98% | |
| Flows | XEG | -$379 M | -$126 M | +$46 M | +$74 M | -$913 M |
UTIL | +$4 M | -$22 M | -$6 M | +$1 M | +$12 M |
XEG vs UTIL exposure
Countries
XEG
Canada
99.59%
UTIL
Canada
99.55%
Sectors
XEG
Energy
94.69%
UTIL
Energy
99.55%
As of July 31, 2026
Top 10 Holdings
XEG
Canadian Natural Resources Ltd.
24.49%
Suncor Energy, Inc.
24.22%
Cenovus Energy, Inc.
12.77%
Imperial Oil Ltd.
6.42%
Tourmaline Oil Corp.
5.88%
Whitecap Resources, Inc.
4.81%
ARC Resources Ltd.
4.54%
PrairieSky Royalty Ltd.
1.98%
Tamarack Valley Energy Ltd.
1.61%
Athabasca Oil Corp.
1.33%
UTIL
South Bow Corp.
20.46%
Keyera Corp.
20.14%
TC Energy Corp.
20.10%
Pembina Pipeline Corp.
19.77%
Enbridge, Inc.
19.08%
Diversification
XEG
Total weight of top 10 holdings out of 27 total
88.05%
UTIL
Total weight of top 10 holdings out of 5 total
99.55%
Characteristics
Compare
XEG
UTIL
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Energy Index - CAD | Mirae Asset Equal Weight Canadian Utilities Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.52% | 3.36% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2001 | August 9, 2022 |
Frequently asked questions about XEG and UTIL
Which ETF has performed better year to date: XEG or UTIL?
As of July 31, 2026, XEG has returned 46.31% year to date, while UTIL has returned 19.69%. XEG is ahead on YTD performance.
Which ETF is larger by assets under management: XEG or UTIL?
As of July 31, 2026, XEG manages $2.32 B in assets, while UTIL manages $27.40 M. XEG is the larger fund by AUM.
How are XEG and UTIL managed?
XEG is passively managed by iShares. It tracks the S&P/TSX Capped Energy Index - CAD benchmark. UTIL is passively managed by Global X. It tracks the Mirae Asset Equal Weight Canadian Utilities Index - CAD benchmark.
What sectors do XEG and UTIL emphasize?
XEG is most exposed to Energy, Finance, and Non-Energy Materials. UTIL is most exposed to Energy.
Which ETF is attracting more investor flows: XEG or UTIL?
Year to date, XEG has seen +$45.73 M in net flows, compared with -$6.16 M for UTIL. XEG has attracted more net investor money so far.
How do the fees of XEG and UTIL compare?
XEG has an expense ratio of 0.60%, while UTIL has an expense ratio of 0.21%.
What are the top holdings of XEG and UTIL?
XEG's largest holdings include Canadian Natural Resources Ltd., Suncor Energy, Inc., and Cenovus Energy, Inc.. UTIL's top holdings include South Bow Corp., Keyera Corp., and TC Energy Corp..
Which ETF is more diversified: XEG or UTIL?
XEG holds 27 securities, while UTIL holds 5. On holdings count, XEG is the more diversified portfolio.
Recent articles about XEG and UTIL
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