VS
Compare iShares S&P/TSX Completion Index ETF (XMD) vs BMO Equal Weight Utilities Index ETF (ZUT) to find the best fit for your portfolio. XMD provides Non-Energy Materials, Finance, and Energy exposures, while ZUT is primarily weighted in Utilities, Energy, and Industrials. When evaluating costs, XMD features a management fee (MER) of 0.55%, compared to 0.55% for ZUT. Performance-wise, XMD has returned 13.49% year-to-date with +$210 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
XMD
ZUT
| AuM | $878.05 M | $811.97 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | -0.91% | -0.80% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMD | +1.91% | -0.98% | +13.49% | +31.58% | +99.24% |
ZUT | -7.03% | -6.25% | +12.68% | +19.36% | +47.83% | |
| Flows | XMD | +$31 M | +$112 M | +$210 M | +$326 M | +$380 M |
ZUT | +$23 M | -$18 M | -$96 M | -$89 M | +$217 M |
XMD vs ZUT exposure
Countries
XMD
Canada
90.73%
Other
9.27%
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
XMD
Non-Energy Materials
31.12%
Finance
18.25%
Energy
15.45%
Industrials
14.87%
Other
20.32%
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of September 2, 2026
Top 10 Holdings
XMD
Bombardier, Inc.
2.94%
RB Global, Inc.
2.90%
Pan American Silver Corp.
2.63%
Great-West Lifeco, Inc.
2.44%
Lundin Mining Corp.
2.44%
Whitecap Resources, Inc.
2.02%
ARC Resources Ltd.
1.89%
iA Financial Corp., Inc.
1.88%
Toromont Industries Ltd.
1.78%
AltaGas Ltd.
1.76%
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
XMD
Total weight of top 10 holdings out of 159 total
22.69%
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
XMD
ZUT
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Completion Total Return 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 | 0.92% | 2.93% |
| Meets ESG criteria | No | No |
| Inception Date | March 2, 2001 | January 19, 2010 |
Frequently asked questions about XMD and ZUT
Which ETF has performed better year to date: XMD or ZUT?
As of September 2, 2026, XMD has returned 13.49% year to date, while ZUT has returned 12.68%. XMD is ahead on YTD performance.
Which ETF is larger by assets under management: XMD or ZUT?
As of September 2, 2026, XMD manages $878.05 M in assets, while ZUT manages $811.97 M. XMD is the larger fund by AUM.
How are XMD and ZUT managed?
XMD is passively managed by iShares. It tracks the S&P/TSX Completion Total Return 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 XMD and ZUT emphasize?
XMD is most exposed to Non-Energy Materials, Finance, and Energy. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: XMD or ZUT?
Year to date, XMD has seen +$209.80 M in net flows, compared with -$96.30 M for ZUT. XMD has attracted more net investor money so far.
How do the fees of XMD and ZUT compare?
XMD has an expense ratio of 0.60%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of XMD and ZUT?
XMD's largest holdings include Bombardier, Inc., RB Global, Inc., and Pan American Silver Corp.. ZUT's top holdings include Boralex, Inc., ATCO Ltd., and AltaGas Ltd..
Which ETF is more diversified: XMD or ZUT?
XMD holds 156 securities, while ZUT holds 13. On holdings count, XMD is the more diversified portfolio.
Recent articles about XMD and ZUT
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