VS
iShares Core Canadian Short Term Corporate + Maple Bond Index ETF (XSH) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XSH focuses its top 3 sector exposures on Banks, Pipelines, and Communication services, while ZUT leans towards Utilities. When evaluating costs, XSH features a management fee (MER) of 0.09%, compared to 0.55% for ZUT. Performance-wise, XSH has returned 0.52% year-to-date with +$196 M in net flows, whereas ZUT is at 15.32% with -$60 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
XSH
ZUT
| AuM | $2,374.69 M | $873.00 M |
| Management Fees | 0.09% | 0.55% |
| Exp. ratio | 0.10% | 0.61% |
| Tracking Difference | -0.11% | -0.85% |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSH | +0.34% | -0.04% | +0.52% | +3.54% | +17.46% |
ZUT | -0.63% | +12.47% | +15.32% | +28.73% | +38.60% | |
| Flows | XSH | +$17 M | +$121 M | +$196 M | +$865 M | +$1,091 M |
ZUT | +$25 M | -$37 M | -$60 M | +$129 M | +$254 M |
XSH vs ZUT exposure
Countries
XSH
Canada
93.78%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
XSH
Banks
27.92%
Other
25.15%
Other
46.92%
ZUT
Utilities
100.00%
As of May 1, 2026
Top 10 Holdings
XSH
CA06418Y4L93
0.94%
CA779926WF74
0.90%
CA89116C7J09
0.80%
CA13607QQT27
0.79%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.74%
CA06418YXB96
0.73%
Bank of Montreal, 4.709% 7dec2027, CAD
0.70%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.68%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.67%
Bank of Montreal, 4.309% 1jun2027, CAD
0.66%
ZUT
BORALEX
9.91%
NORTHLAND POWER
7.97%
BROOKFIELD RENEWABLE PARTNERS
7.84%
CAPITAL POWER
7.84%
ALTAGAS
7.70%
ATCO
7.53%
ALGONQUIN POWER
7.52%
TRANSALTA
7.49%
EMERA
7.42%
CANADIAN UTILITIES
7.38%
Diversification
XSH
Total weight of top 10 holdings out of 616 total
7.60%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
XSH
ZUT
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Universe + Maple Short Term Corporate Bond TR Index - CAD | 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 | 3.91% | 2.91% |
| Meets ESG criteria | No | No |
| Inception Date | September 13, 2011 | January 19, 2010 |
Frequently asked questions about XSH and ZUT
Which ETF has performed better year to date: XSH or ZUT?
As of May 1, 2026, XSH has returned 0.52% year to date, while ZUT has returned 15.32%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: XSH or ZUT?
As of May 1, 2026, XSH manages $2.37 B in assets, while ZUT manages $873.00 M. XSH is the larger fund by AUM.
How are XSH and ZUT managed?
XSH is passively managed by iShares. It tracks the FTSE Canada Universe + Maple Short Term Corporate Bond TR 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 XSH and ZUT emphasize?
XSH is most exposed to Banks, Pipelines, and Communication services. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: XSH or ZUT?
Year to date, XSH has seen +$196.00 M in net flows, compared with -$60.16 M for ZUT. XSH has attracted more net investor money so far.
How do the fees of XSH and ZUT compare?
XSH has an expense ratio of 0.10%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of XSH and ZUT?
XSH's largest holdings include Toronto-Dominion Bank, 4.21% 1jun2027, CAD and Bank of Montreal, 4.709% 7dec2027, CAD. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: XSH or ZUT?
XSH holds 467 securities, while ZUT holds 13. On holdings count, XSH is the more diversified portfolio.
Recent articles about XSH 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.