VS
iShares Core Canadian 15+ Year Federal Bond Index ETF (XFLB) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XFLB focuses its top 3 sector exposures on Sovereign, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, XFLB features a management fee (MER) of 0.15%, compared to 0.55% for ZUT. Performance-wise, XFLB has returned 1.1% year-to-date with -$15 M in net flows, whereas ZUT is at 18.78% 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
XFLB
ZUT
| AuM | $34.22 M | $876.51 M |
| Management Fees | 0.15% | 0.55% |
| Exp. ratio | 0.17% | 0.61% |
| Tracking Difference | -0.11% | -0.71% |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFLB | +4.29% | -1.10% | -1.10% | -4.73% | +3.14% |
ZUT | +4.23% | -1.99% | +18.78% | +11.65% | +68.13% | |
| Flows | XFLB | +$2 M | -$12 M | -$15 M | -$12 M | +$12 M |
ZUT | -$16 M | +$47 M | -$73 M | -$14 M | +$288 M |
XFLB vs ZUT exposure
Countries
XFLB
Canada
99.96%
ZUT
Canada
83.93%
Bermuda
16.07%
Sectors
XFLB
Sovereign
99.96%
ZUT
Utilities
83.24%
Energy
8.44%
Industrials
8.32%
As of November 2, 2026
Top 10 Holdings
XFLB
Canada, Bonds 3.5% 1dec2057, CAD
26.26%
Canada, Bond 2 1jan2051 30Y
19.13%
Canada, Bonds 2.75% 1dec2055, CAD
18.77%
Canada, Bond 1.75 1dec2053 30Y
15.10%
Canada, Bond 3.5 1dec2045 30Y
5.96%
Canada, Bond 2.75 1dec2048 30Y
5.61%
Canada, Bond 2.75 1dec2064 50Y
4.01%
Canada, Bonds 3.75% 1jun2059, CAD
3.83%
Canada, Bonds 3.5% 1dec2056, CAD (D)
1.28%
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
XFLB
Total weight of top 10 holdings out of 9 total
99.96%
ZUT
Total weight of top 10 holdings out of 12 total
84.50%
Characteristics
Compare
XFLB
ZUT
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted 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 | 3.24% | 2.80% |
| Meets ESG criteria | No | No |
| Inception Date | February 7, 2023 | January 19, 2010 |
Frequently asked questions about XFLB and ZUT
Which ETF has performed better year to date: XFLB or ZUT?
As of November 2, 2026, XFLB has returned -1.10% year to date, while ZUT has returned 18.78%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: XFLB or ZUT?
As of November 2, 2026, XFLB manages $34.22 M in assets, while ZUT manages $876.51 M. ZUT is the larger fund by AUM.
How are XFLB and ZUT managed?
XFLB is passively managed by iShares. It tracks the Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted 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 XFLB and ZUT emphasize?
XFLB is most exposed to Sovereign. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: XFLB or ZUT?
Year to date, XFLB has seen -$14.53 M in net flows, compared with -$72.83 M for ZUT. XFLB has attracted more net investor money so far.
How do the fees of XFLB and ZUT compare?
XFLB has an expense ratio of 0.17%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of XFLB and ZUT?
XFLB's largest holdings include Canada, Bonds 3.5% 1dec2057, CAD, Canada, Bond 2 1jan2051 30Y, and Canada, Bonds 2.75% 1dec2055, CAD. ZUT's top holdings include Northland Power, Inc., TransAlta Corp., and ATCO Ltd..
Which ETF is more diversified: XFLB or ZUT?
XFLB holds 9 securities, while ZUT holds 12. On holdings count, ZUT is the more diversified portfolio.
Recent articles about XFLB and ZUT
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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.