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Compare BMO Equal Weight Oil & Gas Index ETF (ZEO) vs Global X Equal Weight Canadian Utilities Index ETF (UTIL) to find the best fit for your portfolio. ZEO and UTIL provide the same top sector exposures: Energy. When evaluating costs, ZEO features a management fee (MER) of 0.55%, compared to 0.61% for UTIL. Performance-wise, ZEO has returned 41.99% year-to-date with +$138 M in net flows, whereas UTIL is at 15.62% with -$6 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
ZEO
UTIL
| AuM | $469.27 M | $26.74 M |
| Management Fees | 0.55% | 0.61% |
| Exp. ratio | 0.60% | 0.21% |
| Tracking Difference | -0.97% | -0.42% |
Historical performance and flows
As of August 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZEO | +3.20% | -0.04% | +41.99% | +53.26% | +96.24% |
UTIL | -4.02% | +0.74% | +15.62% | +21.76% | +55.80% | |
| Flows | ZEO | +$25 M | +$99 M | +$138 M | +$134 M | +$106 M |
UTIL | +$4 M | -$1 M | -$6 M | -$3 M | +$13 M |
ZEO vs UTIL exposure
Countries
ZEO
Canada
100.00%
UTIL
Canada
99.55%
Sectors
ZEO
Energy
100.00%
UTIL
Energy
99.55%
As of August 18, 2026
Top 10 Holdings
ZEO
Cenovus Energy, Inc.
9.10%
ARC Resources Ltd.
8.92%
TC Energy Corp.
8.85%
South Bow Corp.
8.83%
Keyera Corp.
8.64%
Pembina Pipeline Corp.
8.63%
Whitecap Resources, Inc.
8.55%
Enbridge, Inc.
8.43%
Imperial Oil Ltd.
7.89%
Suncor Energy, Inc.
7.80%
UTIL
South Bow Corp.
20.46%
Keyera Corp.
20.14%
TC Energy Corp.
20.10%
Pembina Pipeline Corp.
19.77%
Enbridge, Inc.
19.08%
Diversification
ZEO
Total weight of top 10 holdings out of 12 total
85.64%
UTIL
Total weight of top 10 holdings out of 5 total
99.55%
Characteristics
Compare
ZEO
UTIL
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Oil & Gas Index - CAD | Mirae Asset Equal Weight Canadian Utilities Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.65% | 3.48% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | August 9, 2022 |
Frequently asked questions about ZEO and UTIL
Which ETF has performed better year to date: ZEO or UTIL?
As of August 18, 2026, ZEO has returned 41.99% year to date, while UTIL has returned 15.62%. ZEO is ahead on YTD performance.
Which ETF is larger by assets under management: ZEO or UTIL?
As of August 18, 2026, ZEO manages $469.27 M in assets, while UTIL manages $26.74 M. ZEO is the larger fund by AUM.
How are ZEO and UTIL managed?
ZEO is passively managed by BMO. It tracks the Solactive Equal Weight Canada Oil & Gas Index - CAD benchmark. UTIL is passively managed by Global X. It tracks the Mirae Asset Equal Weight Canadian Utilities Index - CAD benchmark.
What sectors do ZEO and UTIL emphasize?
ZEO is most exposed to Energy. UTIL is most exposed to Energy.
Which ETF is attracting more investor flows: ZEO or UTIL?
Year to date, ZEO has seen +$138.31 M in net flows, compared with -$5.88 M for UTIL. ZEO has attracted more net investor money so far.
How do the fees of ZEO and UTIL compare?
ZEO has an expense ratio of 0.60%, while UTIL has an expense ratio of 0.21%.
What are the top holdings of ZEO and UTIL?
ZEO's largest holdings include Cenovus Energy, Inc., ARC Resources Ltd., and TC Energy Corp.. UTIL's top holdings include South Bow Corp., Keyera Corp., and TC Energy Corp..
Which ETF is more diversified: ZEO or UTIL?
ZEO holds 12 securities, while UTIL holds 5. On holdings count, ZEO is the more diversified portfolio.
Recent articles about ZEO and UTIL
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