VS
iShares S&P/TSX Global Gold Index ETF (XGD) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XGD focuses its top 3 sector exposures on Materials, while ZUT leans towards Utilities. When evaluating costs, XGD features a management fee (MER) of 0.55%, compared to 0.55% for ZUT. Performance-wise, XGD has returned 8.71% year-to-date with -$458 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
XGD
ZUT
| AuM | $3,689.69 M | $875.85 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | 1.24% | -0.85% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XGD | -5.49% | -8.22% | +8.71% | +84.94% | +176.02% |
ZUT | -1.06% | +11.27% | +16.08% | +29.45% | +38.54% | |
| Flows | XGD | -$129 M | -$788 M | -$458 M | -$498 M | -$182 M |
ZUT | +$24 M | -$35 M | -$63 M | +$131 M | +$310 M |
XGD vs ZUT exposure
Countries
XGD
Canada
64.47%
USA
28.03%
Other
7.50%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
XGD
Materials
73.01%
Other
26.99%
ZUT
Utilities
100.00%
As of May 7, 2026
Top 10 Holdings
XGD
NEWMONT CORP
15.63%
AGNICO EAGLE MINES LTD
13.41%
CA06849F1080
9.03%
WHEATON PRECIOUS METALS CORP
7.86%
FRANCO NEVADA
6.29%
GB00BRXH2664
5.46%
US38059T1060
5.37%
KINROSS GOLD
4.84%
PAN AMERICAN
3.04%
ROYAL GOLD
2.73%
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
XGD
Total weight of top 10 holdings out of 63 total
73.66%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
XGD
ZUT
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Gold 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 | 0.57% | 2.89% |
| Meets ESG criteria | No | No |
| Inception Date | March 23, 2001 | January 19, 2010 |
Frequently asked questions about XGD and ZUT
Which ETF has performed better year to date: XGD or ZUT?
As of May 7, 2026, XGD has returned 8.71% year to date, while ZUT has returned 16.08%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: XGD or ZUT?
As of May 7, 2026, XGD manages $3.69 B in assets, while ZUT manages $875.85 M. XGD is the larger fund by AUM.
How are XGD and ZUT managed?
XGD is passively managed by iShares. It tracks the S&P/TSX Global Gold 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 XGD and ZUT emphasize?
XGD is most exposed to Materials. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: XGD or ZUT?
Year to date, XGD has seen -$458.34 M in net flows, compared with -$63.05 M for ZUT. ZUT has attracted more net investor money so far.
How do the fees of XGD and ZUT compare?
XGD has an expense ratio of 0.60%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of XGD and ZUT?
XGD's largest holdings include NEWMONT CORP and AGNICO EAGLE MINES LTD. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: XGD or ZUT?
XGD holds 47 securities, while ZUT holds 13. On holdings count, XGD is the more diversified portfolio.
Recent articles about XGD 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.