VS
BMO Balanced ESG ETF (ZESG) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZESG focuses its top 3 sector exposures on Information Technology, Sovereign, and Municipal, while ZUT leans towards Utilities. When evaluating costs, ZESG features a management fee (MER) of 0.18%, compared to 0.55% for ZUT. Performance-wise, ZESG has returned 7.06% year-to-date with +$4 M in net flows, whereas ZUT is at 19.97% with -$64 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
ZESG
ZUT
| AuM | $104.81 M | $901.63 M |
| Management Fees | 0.18% | 0.55% |
| Exp. ratio | 0.20% | 0.61% |
| Tracking Difference | - | -0.90% |
Historical performance and flows
As of June 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZESG | +3.63% | +7.60% | +7.06% | +18.72% | +51.15% |
ZUT | +3.21% | +7.13% | +19.97% | +27.67% | +51.43% | |
| Flows | ZESG | +$0 M | +$1 M | +$4 M | +$14 M | +$27 M |
ZUT | +$0 M | +$16 M | -$64 M | +$86 M | +$242 M |
ZESG vs ZUT exposure
Countries
ZESG
Canada
49.13%
USA
37.52%
Other
13.35%
ZUT
Canada
85.23%
Bermuda
14.77%
Sectors
ZESG
Information Technology
16.90%
Sovereign
10.83%
Municipal
10.54%
Financials
10.07%
Other
51.66%
ZUT
Utilities
100.00%
As of June 17, 2026
Top 10 Holdings
ZESG
NVIDIA
5.48%
MICROSOFT-T
3.23%
Canada, Bond 1.25 1jun2030 10Y
2.52%
ALPHABET INC-CL
2.19%
ALPHABET INC-CL
1.82%
TORONTO DOMINION
1.69%
Canada, Bonds 2% 1jun2032, CAD
1.51%
Canada, Bonds 1.5% 1dec2031 10Y
1.48%
SHOPIFY SUBORDINATE VOTING
1.42%
Canada, Bonds 3.5% 1mar2028, CAD
1.37%
ZUT
BORALEX
10.04%
NORTHLAND POWER
8.09%
ALTAGAS
8.08%
BROOKFIELD RENEWABLE PARTNERS
7.87%
ATCO
7.62%
CAPITAL POWER
7.57%
EMERA
7.48%
ALGONQUIN POWER
7.47%
CANADIAN UTILITIES
7.43%
FORTIS
7.23%
Diversification
ZESG
Total weight of top 10 holdings out of 1,477 total
22.71%
ZUT
Total weight of top 10 holdings out of 13 total
78.87%
Characteristics
Compare
ZESG
ZUT
| Provider | BMO | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.64% | 2.78% |
| Meets ESG criteria | Yes | No |
| Inception Date | January 16, 2020 | January 19, 2010 |
Frequently asked questions about ZESG and ZUT
Which ETF has performed better year to date: ZESG or ZUT?
As of June 17, 2026, ZESG has returned 7.06% year to date, while ZUT has returned 19.97%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZESG or ZUT?
As of June 17, 2026, ZESG manages $104.81 M in assets, while ZUT manages $901.63 M. ZUT is the larger fund by AUM.
How are ZESG and ZUT managed?
ZESG is actively managed by BMO. It does not track an index. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do ZESG and ZUT emphasize?
ZESG is most exposed to Information Technology, Sovereign, and Municipal. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: ZESG or ZUT?
Year to date, ZESG has seen +$4.31 M in net flows, compared with -$64.28 M for ZUT. ZESG has attracted more net investor money so far.
How do the fees of ZESG and ZUT compare?
ZESG has an expense ratio of 0.20%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZESG and ZUT?
ZESG's largest holdings include NVIDIA and ALPHABET INC-CL. ZUT's top holdings include BORALEX, NORTHLAND POWER, and ALTAGAS.
Which ETF is more diversified: ZESG or ZUT?
ZESG holds 1349 securities, while ZUT holds 13. On holdings count, ZESG is the more diversified portfolio.
Recent articles about ZESG 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.