ZGD
BMO Equal Weight Global Gold Index ETF

Full ZGD fund page
VS
ZUT
BMO Equal Weight Utilities Index ETF

Full ZUT fund page

BMO Equal Weight Global Gold Index ETF (ZGD) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZGD focuses its top 3 sector exposures on Materials, while ZUT leans towards Utilities. When evaluating costs, ZGD features a management fee (MER) of 0.55%, compared to 0.55% for ZUT. Performance-wise, ZGD has returned 15.35% year-to-date with +$50 M in net flows, whereas ZUT is at 15.6% with -$60 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

05101520%Mar 24Mar 31Apr 8Apr 15Apr 22

Key Data

Historical performance and flows

As of April 24, 2026
1M3MYTD1Y3Y
Perf.
ZGD
+14.47%-7.22%+15.35%+117.84%+288.51%
ZUT
+3.52%+13.25%+15.60%+31.37%+38.85%
Flows
ZGD
+$7 M+$19 M+$50 M+$56 M+$91 M
ZUT
+$8 M-$44 M-$60 M+$129 M+$256 M

ZGD vs ZUT exposure

Countries

ZGD
Canada
78.33%
USA
15.33%
ZUT
Canada
85.16%
Bermuda
14.84%

Sectors

ZGD
Materials
70.38%
Other
29.62%
ZUT
Utilities
100.00%
As of April 24, 2026

Top 10 Holdings

ZGD
COEUR MINING INC
3.54%
CA01921D2041
2.39%
MONTAGE GOLD
2.33%
WESDOME GOLD MINES
2.31%
COLLECTIVE MINING
2.24%
OREZONE GOLD
2.19%
FRANCO NEVADA
2.18%
CENTERRA GOLD
2.16%
CA04040Y1097
2.16%
NEWMONT CORP
2.15%
ZUT
BORALEX
9.91%
NORTHLAND POWER
7.97%
BROOKFIELD RENEWABLE PARTNERS
7.84%
CAPITAL POWER
7.84%
ALTAGAS
7.70%
ATCO
7.53%
ALGONQUIN POWER
7.52%
TRANSALTA
7.49%
EMERA
7.42%
CANADIAN UTILITIES
7.38%

Diversification

ZGD
Total weight of top 10 holdings out of 49 total
23.65%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%

Characteristics

Compare
ZGD
ZUT
ProviderBMOBMO
ManagementPassively managedPassively managed
BenchmarkSolactive Equal Weight Global Gold Index - CADSolactive Equal Weight Canada Utilities Total Return Index - CAD
Replication MethodDirect (Physical)Direct (Physical)
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield0.19%2.92%
Meets ESG criteriaNoNo
Inception DateNovember 14, 2012January 19, 2010

Frequently asked questions about ZGD and ZUT

Which ETF has performed better year to date: ZGD or ZUT?
As of April 24, 2026, ZGD has returned 15.35% year to date, while ZUT has returned 15.60%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZGD or ZUT?
As of April 24, 2026, ZGD manages $367.71 M in assets, while ZUT manages $877.17 M. ZUT is the larger fund by AUM.
How are ZGD and ZUT managed?
ZGD is passively managed by BMO. It tracks the Solactive Equal Weight Global Gold 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 ZGD and ZUT emphasize?
ZGD is most exposed to Materials. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: ZGD or ZUT?
Year to date, ZGD has seen +$50.44 M in net flows, compared with -$60.16 M for ZUT. ZGD has attracted more net investor money so far.
How do the fees of ZGD and ZUT compare?
ZGD has an expense ratio of 0.60%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZGD and ZUT?
ZGD's largest holdings include COEUR MINING INC and MONTAGE GOLD. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: ZGD or ZUT?
ZGD holds 35 securities, while ZUT holds 13. On holdings count, ZGD is the more diversified portfolio.

Recent articles about ZGD and ZUT

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