VS
BMO Short Corporate Bond Index ETF (ZCS) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZCS focuses its top 3 sector exposures on Finance, Energy, and Industrials, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, ZCS features a management fee (MER) of 0.1%, compared to 0.55% for ZUT. Performance-wise, ZCS has returned 1.51% year-to-date with +$404 M in net flows, whereas ZUT is at 17.69% with -$112 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
ZCS
ZUT
| AuM | $4,695.12 M | $834.05 M |
| Management Fees | 0.10% | 0.55% |
| Exp. ratio | 0.11% | 0.61% |
| Tracking Difference | - | -0.82% |
Historical performance and flows
As of August 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCS | +0.04% | +1.17% | +1.51% | +3.17% | +19.61% |
ZUT | -3.73% | +1.25% | +17.69% | +22.10% | +54.98% | |
| Flows | ZCS | -$129 M | +$515 M | +$404 M | +$323 M | +$3,267 M |
ZUT | +$14 M | -$48 M | -$112 M | -$56 M | +$197 M |
ZCS vs ZUT exposure
Countries
ZCS
Canada
97.11%
ZUT
Canada
84.68%
Bermuda
15.32%
Sectors
ZCS
Finance
64.25%
Energy
13.19%
Other
22.56%
ZUT
Utilities
85.04%
Energy
7.95%
Industrials
7.01%
As of August 19, 2026
Top 10 Holdings
ZCS
Bank of Montreal, 3.19% 1mar2028, CAD
6.49%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
5.13%
Royal Bank of Canada, 3.985% 22jul2031, CAD
5.10%
CIBC, 3.8% 10dec2030, CAD
4.34%
Toronto-Dominion Bank, 3.605% 10sep2031, CAD
4.31%
TransCanada PipeLines, 5.277% 15jul2030, CAD
3.80%
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
3.71%
Royal Bank of Canada, 4.632% 1may2028, CAD
3.68%
Bank of Montreal, 4.709% 7dec2027, CAD
3.67%
RBC Capital Markets, 4% 17oct2030, CAD
3.65%
ZUT
Boralex, Inc.
9.46%
Capital Power Corp.
8.42%
Brookfield Renewable Partners LP
8.31%
AltaGas Ltd.
7.95%
ATCO Ltd.
7.77%
TransAlta Corp.
7.74%
Canadian Utilities Ltd.
7.65%
Emera, Inc.
7.38%
Fortis, Inc.
7.23%
Northland Power, Inc.
7.14%
Diversification
ZCS
Total weight of top 10 holdings out of 46 total
43.87%
ZUT
Total weight of top 10 holdings out of 13 total
79.05%
Characteristics
Compare
ZCS
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE TMX Canada Short Term Corporate Bond 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 | 3.98% | 2.81% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | January 19, 2010 |
Frequently asked questions about ZCS and ZUT
Which ETF has performed better year to date: ZCS or ZUT?
As of August 19, 2026, ZCS has returned 1.51% year to date, while ZUT has returned 17.69%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZCS or ZUT?
As of August 19, 2026, ZCS manages $4.70 B in assets, while ZUT manages $834.05 M. ZCS is the larger fund by AUM.
How are ZCS and ZUT managed?
ZCS is passively managed by BMO. It tracks the FTSE TMX Canada Short Term Corporate Bond 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 ZCS and ZUT emphasize?
ZCS is most exposed to Finance, Energy, and Industrials. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: ZCS or ZUT?
Year to date, ZCS has seen +$403.89 M in net flows, compared with -$112.01 M for ZUT. ZCS has attracted more net investor money so far.
How do the fees of ZCS and ZUT compare?
ZCS has an expense ratio of 0.11%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZCS and ZUT?
ZCS's largest holdings include Bank of Montreal, 3.19% 1mar2028, CAD, Toronto-Dominion Bank, 4.477% 18jan2028, CAD, and Royal Bank of Canada, 3.985% 22jul2031, CAD. ZUT's top holdings include Boralex, Inc., Capital Power Corp., and Brookfield Renewable Partners LP.
Which ETF is more diversified: ZCS or ZUT?
ZCS holds 46 securities, while ZUT holds 13. On holdings count, ZCS is the more diversified portfolio.
Recent articles about ZCS 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.