VS
BMO Mid-Term US IG Corporate Bond Index ETF (ZIC) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZIC focuses its top 3 sector exposures on Banks, Pharmaceutical preparation and biotechnology, and Pipelines, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, ZIC features a management fee (MER) of 0.25%, compared to 0.55% for ZUT. Performance-wise, ZIC has returned 2.22% year-to-date with +$164 M in net flows, whereas ZUT is at 22.25% with -$127 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
ZIC
ZUT
| AuM | $3,661.37 M | $853.07 M |
| Management Fees | 0.25% | 0.55% |
| Exp. ratio | 0.28% | 0.61% |
| Tracking Difference | -0.03% | -0.85% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZIC | -1.39% | +2.06% | +2.22% | +6.55% | +25.65% |
ZUT | +1.08% | +6.43% | +22.25% | +25.92% | +52.94% | |
| Flows | ZIC | -$66 M | +$10 M | +$164 M | +$297 M | +$367 M |
ZUT | -$5 M | -$67 M | -$127 M | -$50 M | +$186 M |
ZIC vs ZUT exposure
Countries
ZIC
USA
56.06%
Other
31.95%
Other
11.99%
ZUT
Canada
84.68%
Bermuda
15.32%
Sectors
ZIC
Other
31.95%
Banks
14.72%
Other
53.33%
ZUT
Utilities
85.04%
Energy
7.95%
Industrials
7.01%
As of July 20, 2026
Top 10 Holdings
ZIC
US30303MAD48
0.69%
US023135DF00
0.64%
US30303MAH51
0.64%
Bank of America Corporation, 5.468% 23jan2035, USD (N)
0.56%
Bank of America Corporation, 5.288% 25apr2034, USD (N)
0.55%
Bank of America Corporation, 5.015% 22jul2033, USD (N)
0.55%
Pfizer, 4.75% 19may2033, USD
0.54%
US68389XDZ50
0.53%
JP Morgan, 5.35% 1jun2034, USD
0.50%
US79466LAU89
0.49%
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
ZIC
Total weight of top 10 holdings out of 707 total
5.69%
ZUT
Total weight of top 10 holdings out of 13 total
79.05%
Characteristics
Compare
ZIC
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Investment Grade 5-10 Year Corporate Bond Capped Total Return Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.35% | 2.72% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2013 | January 19, 2010 |
Frequently asked questions about ZIC and ZUT
Which ETF has performed better year to date: ZIC or ZUT?
As of July 20, 2026, ZIC has returned 2.22% year to date, while ZUT has returned 22.25%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZIC or ZUT?
As of July 20, 2026, ZIC manages $3.66 B in assets, while ZUT manages $853.07 M. ZIC is the larger fund by AUM.
How are ZIC and ZUT managed?
ZIC is passively managed by BMO. It tracks the Bloomberg U.S. Investment Grade 5-10 Year Corporate Bond Capped Total Return 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 ZIC and ZUT emphasize?
ZIC is most exposed to Banks, Pharmaceutical preparation and biotechnology, and Pipelines. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: ZIC or ZUT?
Year to date, ZIC has seen +$163.69 M in net flows, compared with -$127.21 M for ZUT. ZIC has attracted more net investor money so far.
How do the fees of ZIC and ZUT compare?
ZIC has an expense ratio of 0.28%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZIC and ZUT?
ZIC's largest holdings include Bank of America Corporation, 5.468% 23jan2035, USD (N) and Bank of America Corporation, 5.288% 25apr2034, USD (N). ZUT's top holdings include Boralex, Inc., Capital Power Corp., and Brookfield Renewable Partners LP.
Which ETF is more diversified: ZIC or ZUT?
ZIC holds 505 securities, while ZUT holds 13. On holdings count, ZIC is the more diversified portfolio.
Recent articles about ZIC 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.