VS
iShares U.S. High Yield Bond Index ETF (XHY) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XHY focuses its top 3 sector exposures on Finance, Consumer Services, and Industrials, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, XHY features a management fee (MER) of 0.5%, compared to 0.55% for ZUT. Performance-wise, XHY has returned 1.66% year-to-date with +$335 M in net flows, whereas ZUT is at 16.44% 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
XHY
ZUT
| AuM | $1,224.50 M | $861.34 M |
| Management Fees | 0.50% | 0.55% |
| Exp. ratio | 0.56% | 0.61% |
| Tracking Difference | -0.27% | -0.73% |
Historical performance and flows
As of October 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XHY | -1.90% | -2.30% | -1.66% | -0.63% | +21.78% |
ZUT | +2.96% | -5.75% | +16.44% | +9.60% | +77.95% | |
| Flows | XHY | +$101 M | +$148 M | +$335 M | +$377 M | +$888 M |
ZUT | -$20 M | +$48 M | -$73 M | +$5 M | +$253 M |
XHY vs ZUT exposure
Countries
XHY
USA
85.65%
Other
14.35%
ZUT
Canada
82.83%
Bermuda
17.17%
Sectors
XHY
Finance
17.32%
Consumer Services
13.32%
Industrials
9.39%
Energy
8.65%
Non-Energy Materials
7.98%
Business Services
7.24%
Other
36.10%
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
As of October 22, 2026
Top 10 Holdings
XHY
1261229 B.C., 10% 15apr2032, USD
0.51%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.48%
EchoStar, 10.75% 30nov2029, USD
0.43%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.36%
Cloud Software Group, 9% 30sep2029, USD
0.36%
Quikrete Holdings, 6.375% 1mar2032, USD
0.34%
Cloud Software Group, 6.5% 31mar2029, USD
0.33%
Nexstar Media, 6.5% 15sep2033, USD
0.33%
Centene, 4.625% 15dec2029, USD
0.32%
Asurion LLC, 8% 31dec2032, USD
0.30%
ZUT
AltaGas Ltd.
9.30%
ATCO Ltd.
9.15%
Canadian Utilities Ltd.
8.78%
Brookfield Renewable Partners LP
8.73%
Capital Power Corp.
8.69%
Brookfield Infrastructure Partners LP
8.44%
Northland Power, Inc.
8.00%
TransAlta Corp.
7.98%
Emera, Inc.
7.97%
Fortis, Inc.
7.90%
Diversification
XHY
Total weight of top 10 holdings out of 1,310 total
3.77%
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
Characteristics
Compare
XHY
ZUT
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Markit iBoxx USD Liquid High Yield Index - CAD Hedged | 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 | 6.39% | 2.85% |
| Meets ESG criteria | No | No |
| Inception Date | January 21, 2010 | January 19, 2010 |
Frequently asked questions about XHY and ZUT
Which ETF has performed better year to date: XHY or ZUT?
As of October 22, 2026, XHY has returned -1.66% year to date, while ZUT has returned 16.44%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: XHY or ZUT?
As of October 22, 2026, XHY manages $1.22 B in assets, while ZUT manages $861.34 M. XHY is the larger fund by AUM.
How are XHY and ZUT managed?
XHY is passively managed by iShares. It tracks the Markit iBoxx USD Liquid High Yield Index - CAD Hedged benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do XHY and ZUT emphasize?
XHY is most exposed to Finance, Consumer Services, and Industrials. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: XHY or ZUT?
Year to date, XHY has seen +$335.01 M in net flows, compared with -$72.82 M for ZUT. XHY has attracted more net investor money so far.
How do the fees of XHY and ZUT compare?
XHY has an expense ratio of 0.56%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of XHY and ZUT?
XHY's largest holdings include 1261229 B.C., 10% 15apr2032, USD and Meridian Arc HoldCo, 6.25% 30apr2031, USD. ZUT's top holdings include AltaGas Ltd., ATCO Ltd., and Canadian Utilities Ltd..
Which ETF is more diversified: XHY or ZUT?
XHY holds 1292 securities, while ZUT holds 12. On holdings count, XHY is the more diversified portfolio.
Recent articles about XHY 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.