VS
iShares Core Income Balanced ETF (XINC) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XINC focuses its top 3 sector exposures on Sovereign, Municipal, and Banks, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, XINC features a management fee (MER) of 0.18%, compared to 0.55% for ZUT. Performance-wise, XINC has returned 3.05% year-to-date with +$28 M in net flows, whereas ZUT is at 22.01% with -$126 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
XINC
ZUT
| AuM | $126.31 M | $852.91 M |
| Management Fees | 0.18% | 0.55% |
| Exp. ratio | 0.19% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XINC | -0.40% | +1.04% | +3.05% | +7.66% | +24.13% |
ZUT | +1.71% | +5.71% | +22.01% | +27.22% | +54.59% | |
| Flows | XINC | +$4 M | +$4 M | +$28 M | +$41 M | +$87 M |
ZUT | -$60 M | -$66 M | -$126 M | -$42 M | +$188 M |
XINC vs ZUT exposure
Countries
XINC
Canada
53.21%
USA
20.53%
Other
18.26%
Other
8.00%
ZUT
Canada
83.77%
Bermuda
16.23%
Sectors
XINC
Other
18.26%
Sovereign
17.41%
Municipal
13.87%
Other
50.45%
ZUT
Utilities
84.34%
Energy
8.20%
Industrials
7.46%
As of July 17, 2026
Top 10 Holdings
XINC
CA135087T537
0.79%
CA135087T388
0.79%
CA135087T792
0.77%
Canada, Bonds 3.25% 1jun2035, CAD
0.74%
Canada, Bonds 3% 1jun2034, CAD
0.63%
NVIDIA Corp.
0.63%
Canada, Bonds 2.75% 1mar2030, CAD
0.62%
Canada, Bonds 3.5% 1sep2029, CAD
0.58%
Canada, Bonds 3.5% 1dec2057, CAD
0.58%
Apple, Inc.
0.56%
ZUT
Boralex, Inc.
9.57%
Brookfield Renewable Partners LP
8.77%
AltaGas Ltd.
8.20%
Capital Power Corp.
8.05%
TransAlta Corp.
7.83%
Northland Power, Inc.
7.73%
Brookfield Infrastructure Partners LP
7.46%
Canadian Utilities Ltd.
7.33%
ATCO Ltd.
7.25%
Emera, Inc.
7.16%
Diversification
XINC
Total weight of top 10 holdings out of 21,878 total
6.70%
ZUT
Total weight of top 10 holdings out of 13 total
79.35%
Characteristics
Compare
XINC
ZUT
| Provider | iShares | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.32% | 2.72% |
| Meets ESG criteria | No | No |
| Inception Date | August 7, 2019 | January 19, 2010 |
Frequently asked questions about XINC and ZUT
Which ETF has performed better year to date: XINC or ZUT?
As of July 17, 2026, XINC has returned 3.05% year to date, while ZUT has returned 22.01%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: XINC or ZUT?
As of July 17, 2026, XINC manages $126.31 M in assets, while ZUT manages $852.91 M. ZUT is the larger fund by AUM.
How are XINC and ZUT managed?
XINC is actively managed by iShares. It does not track an index. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do XINC and ZUT emphasize?
XINC is most exposed to Sovereign, Municipal, and Banks. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: XINC or ZUT?
Year to date, XINC has seen +$27.81 M in net flows, compared with -$125.69 M for ZUT. XINC has attracted more net investor money so far.
How do the fees of XINC and ZUT compare?
XINC has an expense ratio of 0.19%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of XINC and ZUT?
XINC's largest holdings include Canada, Bonds 3.25% 1jun2035, CAD and Canada, Bonds 3% 1jun2034, CAD. ZUT's top holdings include Boralex, Inc., Brookfield Renewable Partners LP, and AltaGas Ltd..
Which ETF is more diversified: XINC or ZUT?
XINC holds 19152 securities, while ZUT holds 13. On holdings count, XINC is the more diversified portfolio.
Recent articles about XINC and ZUT
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