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Compare BMO Equal Weight Oil & Gas Index ETF (ZEO) vs BMO Equal Weight Utilities Index ETF (ZUT) to find the best fit for your portfolio. ZEO provides Energy exposures, while ZUT is primarily weighted in Utilities, Energy, and Industrials. When evaluating costs, ZEO features a management fee (MER) of 0.55%, compared to 0.55% for ZUT. Performance-wise, ZEO has returned 40.78% year-to-date with +$138 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
ZEO
ZUT
| AuM | $465.27 M | $834.05 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | -0.97% | -0.82% |
Historical performance and flows
As of August 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZEO | +2.32% | -0.90% | +40.78% | +52.10% | +95.64% |
ZUT | -3.73% | +1.25% | +17.69% | +22.10% | +54.98% | |
| Flows | ZEO | +$25 M | +$99 M | +$138 M | +$134 M | +$106 M |
ZUT | +$14 M | -$48 M | -$112 M | -$56 M | +$197 M |
ZEO vs ZUT exposure
Countries
ZEO
Canada
100.00%
ZUT
Canada
84.68%
Bermuda
15.32%
Sectors
ZEO
Energy
100.00%
ZUT
Utilities
85.04%
Energy
7.95%
Industrials
7.01%
As of August 19, 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%
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
ZEO
Total weight of top 10 holdings out of 12 total
85.64%
ZUT
Total weight of top 10 holdings out of 13 total
79.05%
Characteristics
Compare
ZEO
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Oil & Gas 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 | 2.67% | 2.81% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | January 19, 2010 |
Frequently asked questions about ZEO and ZUT
Which ETF has performed better year to date: ZEO or ZUT?
As of August 19, 2026, ZEO has returned 40.78% year to date, while ZUT has returned 17.69%. ZEO is ahead on YTD performance.
Which ETF is larger by assets under management: ZEO or ZUT?
As of August 19, 2026, ZEO manages $465.27 M in assets, while ZUT manages $834.05 M. ZUT is the larger fund by AUM.
How are ZEO and ZUT managed?
ZEO is passively managed by BMO. It tracks the Solactive Equal Weight Canada Oil & Gas 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 ZEO and ZUT emphasize?
ZEO is most exposed to Energy. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: ZEO or ZUT?
Year to date, ZEO has seen +$138.31 M in net flows, compared with -$112.01 M for ZUT. ZEO has attracted more net investor money so far.
How do the fees of ZEO and ZUT compare?
ZEO has an expense ratio of 0.60%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZEO and ZUT?
ZEO's largest holdings include Cenovus Energy, Inc., ARC Resources Ltd., and TC Energy Corp.. ZUT's top holdings include Boralex, Inc., Capital Power Corp., and Brookfield Renewable Partners LP.
Which ETF is more diversified: ZEO or ZUT?
ZEO holds 12 securities, while ZUT holds 13. On holdings count, ZUT is the more diversified portfolio.
Recent articles about ZEO and ZUT
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