VS
Compare iShares S&P/TSX Capped REIT Index ETF (XRE) vs BMO Equal Weight Utilities Index ETF (ZUT) to find the best fit for your portfolio. XRE provides Real Estate exposures, while ZUT is primarily weighted in Utilities. When evaluating costs, XRE features a management fee (MER) of 0.55%, compared to 0.55% for ZUT. Performance-wise, XRE has returned 12.45% year-to-date with -$3 M in net flows, whereas ZUT is at 20.15% with -$123 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
XRE
ZUT
| AuM | $1,174.14 M | $844.73 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | -0.72% | -0.90% |
Historical performance and flows
As of June 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XRE | +4.95% | +11.03% | +12.45% | +14.72% | +22.42% |
ZUT | +3.37% | +8.11% | +20.15% | +28.32% | +51.67% | |
| Flows | XRE | -$1 M | -$13 M | -$3 M | -$441 M | +$124 M |
ZUT | -$58 M | -$42 M | -$123 M | +$24 M | +$184 M |
XRE vs ZUT exposure
Countries
XRE
Canada
99.58%
ZUT
Canada
85.23%
Bermuda
14.77%
Sectors
XRE
Real Estate
86.51%
Other
13.49%
ZUT
Utilities
100.00%
As of June 19, 2026
Top 10 Holdings
XRE
RIOCAN REAL ESTATE UNT
11.89%
CANADIAN APARTMENT PROPER REIT UNT
10.83%
CA3874372053
10.71%
FIRST CAPITAL REIT UNT
9.56%
CHOICE PROPERTIES REAL ESTATE INVESTMENT UNITS
7.89%
DREAM INDUSTRIAL REAL ESTATE
7.57%
SMART REAL ESTATE INVESTMENT
6.99%
H&R REAL ESTATE INVESTMENT TRUST UNIT
5.44%
BOARDWALK REAL ESTATE INVESTMENT UNT
5.20%
PRIMARIS REAL ESTATE INVESTMENT TRUST UNIT
4.28%
ZUT
BORALEX
10.04%
NORTHLAND POWER
8.09%
ALTAGAS
8.08%
BROOKFIELD RENEWABLE PARTNERS
7.87%
ATCO
7.62%
CAPITAL POWER
7.57%
EMERA
7.48%
ALGONQUIN POWER
7.47%
CANADIAN UTILITIES
7.43%
FORTIS
7.23%
Diversification
XRE
Total weight of top 10 holdings out of 16 total
80.37%
ZUT
Total weight of top 10 holdings out of 13 total
78.87%
Characteristics
Compare
XRE
ZUT
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped REIT 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 | 4.38% | 2.77% |
| Meets ESG criteria | No | No |
| Inception Date | October 17, 2002 | January 19, 2010 |
Frequently asked questions about XRE and ZUT
Which ETF has performed better year to date: XRE or ZUT?
As of June 19, 2026, XRE has returned 12.45% year to date, while ZUT has returned 20.15%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: XRE or ZUT?
As of June 19, 2026, XRE manages $1.17 B in assets, while ZUT manages $844.73 M. XRE is the larger fund by AUM.
How are XRE and ZUT managed?
XRE is passively managed by iShares. It tracks the S&P/TSX Capped REIT 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 XRE and ZUT emphasize?
XRE is most exposed to Real Estate. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: XRE or ZUT?
Year to date, XRE has seen -$2.57 M in net flows, compared with -$122.59 M for ZUT. XRE has attracted more net investor money so far.
How do the fees of XRE and ZUT compare?
XRE has an expense ratio of 0.60%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of XRE and ZUT?
XRE's largest holdings include RIOCAN REAL ESTATE UNT and CANADIAN APARTMENT PROPER REIT UNT. ZUT's top holdings include BORALEX, NORTHLAND POWER, and ALTAGAS.
Which ETF is more diversified: XRE or ZUT?
XRE holds 15 securities, while ZUT holds 13. On holdings count, XRE is the more diversified portfolio.
Recent articles about XRE and ZUT
Build Canada Homes: A Boost for Real Estate ETFs?
The Canadian government's $26B prefab housing plan and a U.S. tariff ruling have injected optimism into real estate markets, with analysts anticipating gains for REITs and construction-focused funds.
Posted on 6/2/2025 by ETF Market Canada inReal Estate
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