VS
iShares India Index ETF (XID) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XID focuses its top 3 sector exposures on Finance, Consumer Cyclicals, and Energy, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, XID features a management fee (MER) of 0.98%, compared to 0.55% for ZUT. Performance-wise, XID has returned 9.84% year-to-date with +$4 M in net flows, whereas ZUT is at 12.68% with -$96 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
XID
ZUT
| AuM | $121.08 M | $811.97 M |
| Management Fees | 0.98% | 0.55% |
| Exp. ratio | 0.92% | 0.61% |
| Tracking Difference | - | -0.80% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XID | -2.74% | +4.02% | -9.84% | -6.56% | +6.57% |
ZUT | -7.03% | -6.25% | +12.68% | +19.36% | +47.83% | |
| Flows | XID | -$14 M | -$15 M | +$4 M | +$9 M | +$69 M |
ZUT | +$23 M | -$18 M | -$96 M | -$89 M | +$217 M |
XID vs ZUT exposure
Countries
XID
India
99.72%
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
XID
Finance
35.90%
Consumer Cyclicals
9.72%
Energy
9.56%
Technology
8.53%
Industrials
8.31%
Non-Energy Materials
7.13%
Other
20.85%
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of September 2, 2026
Top 10 Holdings
XID
HDFC Bank Ltd.
10.33%
ICICI Bank Ltd.
9.19%
Reliance Industries Ltd.
7.82%
Bharti Airtel Ltd.
5.33%
Larsen & Toubro Ltd.
4.13%
State Bank of India
3.81%
Infosys Ltd.
3.63%
BlackRock Cash Funds - Treasury
3.53%
Axis Bank Ltd.
3.15%
Mahindra & Mahindra Ltd.
2.63%
ZUT
Boralex, Inc.
9.47%
ATCO Ltd.
8.45%
AltaGas Ltd.
8.32%
Canadian Utilities Ltd.
8.09%
Brookfield Infrastructure Partners LP
7.95%
Capital Power Corp.
7.68%
Brookfield Renewable Partners LP
7.64%
Emera, Inc.
7.35%
TransAlta Corp.
7.18%
Northland Power, Inc.
7.08%
Diversification
XID
Total weight of top 10 holdings out of 51 total
53.56%
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
XID
ZUT
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | NSE Nifty 50 Index - INR | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 16.23% | 2.93% |
| Meets ESG criteria | No | No |
| Inception Date | January 21, 2010 | January 19, 2010 |
Frequently asked questions about XID and ZUT
Which ETF has performed better year to date: XID or ZUT?
As of September 2, 2026, XID has returned -9.84% year to date, while ZUT has returned 12.68%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: XID or ZUT?
As of September 2, 2026, XID manages $121.08 M in assets, while ZUT manages $811.97 M. ZUT is the larger fund by AUM.
How are XID and ZUT managed?
XID is passively managed by iShares. It tracks the NSE Nifty 50 Index - INR benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do XID and ZUT emphasize?
XID is most exposed to Finance, Consumer Cyclicals, and Energy. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: XID or ZUT?
Year to date, XID has seen +$4.10 M in net flows, compared with -$96.30 M for ZUT. XID has attracted more net investor money so far.
How do the fees of XID and ZUT compare?
XID has an expense ratio of 0.92%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of XID and ZUT?
XID's largest holdings include HDFC Bank Ltd., ICICI Bank Ltd., and Reliance Industries Ltd.. ZUT's top holdings include Boralex, Inc., ATCO Ltd., and AltaGas Ltd..
Which ETF is more diversified: XID or ZUT?
XID holds 51 securities, while ZUT holds 13. On holdings count, XID is the more diversified portfolio.
Recent articles about XID 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.