VS
BMO High Yield US Corporate Bond Hedged to CAD Index ETF (ZHY) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZHY focuses its top 3 sector exposures on Finance, Industrials, and Energy, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, ZHY features a management fee (MER) of 0.55%, compared to 0.55% for ZUT. Performance-wise, ZHY has returned 1.45% year-to-date with +$149 M in net flows, whereas ZUT is at 18.78% with -$73 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
ZHY
ZUT
| AuM | $1,498.33 M | $876.51 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.61% |
| Tracking Difference | -0.64% | -0.71% |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZHY | +0.31% | -2.37% | -1.45% | -0.37% | +19.05% |
ZUT | +4.23% | -1.99% | +18.78% | +11.65% | +68.13% | |
| Flows | ZHY | +$32 M | +$38 M | +$149 M | +$303 M | +$642 M |
ZUT | -$16 M | +$47 M | -$73 M | -$14 M | +$288 M |
ZHY vs ZUT exposure
Countries
ZHY
USA
88.47%
Other
11.53%
ZUT
Canada
83.93%
Bermuda
16.07%
Sectors
ZHY
Finance
18.65%
Industrials
12.33%
Energy
10.81%
Consumer Services
9.13%
Non-Energy Materials
8.64%
Business Services
7.97%
Other
32.48%
ZUT
Utilities
83.24%
Energy
8.44%
Industrials
8.32%
As of November 2, 2026
Top 10 Holdings
ZHY
CA05584J1012
102.40%
ZUT
Northland Power, Inc.
9.17%
TransAlta Corp.
8.59%
ATCO Ltd.
8.53%
AltaGas Ltd.
8.44%
Canadian Utilities Ltd.
8.43%
Fortis, Inc.
8.34%
Brookfield Infrastructure Partners LP
8.32%
Capital Power Corp.
8.27%
Emera, Inc.
8.26%
Hydro One Ltd.
8.15%
Diversification
ZHY
Total weight of top 10 holdings out of 1,041 total
102.40%
ZUT
Total weight of top 10 holdings out of 12 total
84.50%
Characteristics
Compare
ZHY
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Capital U.S. High Yield Very Liquid CAD Hedged Total Return Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.85% | 2.80% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | January 19, 2010 |
Frequently asked questions about ZHY and ZUT
Which ETF has performed better year to date: ZHY or ZUT?
As of November 2, 2026, ZHY has returned -1.45% year to date, while ZUT has returned 18.78%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZHY or ZUT?
As of November 2, 2026, ZHY manages $1.50 B in assets, while ZUT manages $876.51 M. ZHY is the larger fund by AUM.
How are ZHY and ZUT managed?
ZHY is passively managed by BMO. It tracks the Bloomberg Capital U.S. High Yield Very Liquid CAD Hedged Total Return Index - CAD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
Which ETF is more diversified: ZHY or ZUT?
ZHY holds 1 securities, while ZUT holds 12. On holdings count, ZUT is the more diversified portfolio.
Which ETF is attracting more investor flows: ZHY or ZUT?
Year to date, ZHY has seen +$149.08 M in net flows, compared with -$72.83 M for ZUT. ZHY has attracted more net investor money so far.
How do the fees of ZHY and ZUT compare?
ZHY has an expense ratio of 0.61%, while ZUT has an expense ratio of 0.61%.
What sectors do ZHY and ZUT emphasize?
ZHY is most exposed to Finance, Industrials, and Energy. ZUT is most exposed to Utilities, Energy, and Industrials.
Recent articles about ZHY 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.