VS
Compare iShares S&P/TSX Capped Utilities Index ETF (XUT) vs BMO Equal Weight Utilities Index ETF (ZUT) to find the best fit for your portfolio. XUT provides Utilities, Industrials, and Energy exposures, while ZUT is primarily weighted in Utilities, Energy, and Industrials. When evaluating costs, XUT features a management fee (MER) of 0.55%, compared to 0.55% for ZUT. Performance-wise, XUT has returned 9.91% year-to-date with +$578 M in net flows, whereas ZUT is at 13.92% 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
XUT
ZUT
| AuM | $869.48 M | $820.93 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.61% |
| Tracking Difference | -0.77% | -0.80% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XUT | -6.42% | -4.33% | +9.91% | +17.03% | +48.52% |
ZUT | -6.00% | -4.94% | +13.92% | +20.18% | +49.46% | |
| Flows | XUT | +$219 M | +$366 M | +$578 M | +$529 M | +$550 M |
ZUT | +$23 M | -$27 M | -$96 M | -$89 M | +$217 M |
XUT vs ZUT exposure
Countries
XUT
Canada
79.50%
Bermuda
20.39%
ZUT
Canada
84.41%
Bermuda
15.59%
Sectors
XUT
Utilities
74.74%
Industrials
14.73%
Energy
10.43%
ZUT
Utilities
83.73%
Energy
8.32%
Industrials
7.95%
As of September 3, 2026
Top 10 Holdings
XUT
Fortis, Inc.
22.39%
Brookfield Infrastructure Partners LP
14.73%
Emera, Inc.
12.66%
Hydro One Ltd.
10.12%
AltaGas Ltd.
9.49%
Capital Power Corp.
5.78%
Brookfield Renewable Partners LP
5.66%
Canadian Utilities Ltd.
4.00%
ATCO Ltd.
3.23%
Algonquin Power & Utilities Corp.
3.20%
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
XUT
Total weight of top 10 holdings out of 14 total
91.27%
ZUT
Total weight of top 10 holdings out of 13 total
79.21%
Characteristics
Compare
XUT
ZUT
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Utilities 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 | 3.28% | 2.90% |
| Meets ESG criteria | No | No |
| Inception Date | April 12, 2011 | January 19, 2010 |
Frequently asked questions about XUT and ZUT
Which ETF has performed better year to date: XUT or ZUT?
As of September 3, 2026, XUT has returned 9.91% year to date, while ZUT has returned 13.92%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: XUT or ZUT?
As of September 3, 2026, XUT manages $869.48 M in assets, while ZUT manages $820.93 M. XUT is the larger fund by AUM.
How are XUT and ZUT managed?
XUT is passively managed by iShares. It tracks the S&P/TSX Capped Utilities 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 XUT and ZUT emphasize?
XUT is most exposed to Utilities, Industrials, and Energy. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: XUT or ZUT?
Year to date, XUT has seen +$578.27 M in net flows, compared with -$96.30 M for ZUT. XUT has attracted more net investor money so far.
How do the fees of XUT and ZUT compare?
XUT has an expense ratio of 0.61%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of XUT and ZUT?
XUT's largest holdings include Fortis, Inc., Brookfield Infrastructure Partners LP, and Emera, Inc.. ZUT's top holdings include Boralex, Inc., ATCO Ltd., and AltaGas Ltd..
Which ETF is more diversified: XUT or ZUT?
XUT holds 14 securities, while ZUT holds 13. On holdings count, XUT is the more diversified portfolio.
Recent articles about XUT 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.