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BMO MSCI India Selection Equity Index ETF (ZID) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZID focuses its top 3 sector exposures on Energy, Non-Energy Materials, and Finance, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, ZID features a management fee (MER) of 0.6%, compared to 0.55% for ZUT. Performance-wise, ZID has returned 15.44% year-to-date with -$33 M in net flows, whereas ZUT is at 16.24% with -$70 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
ZID
ZUT
| AuM | $152.97 M | $862.78 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.67% | 0.61% |
| Tracking Difference | -0.31% | -0.73% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZID | +1.73% | -1.31% | -15.44% | -17.61% | +6.05% |
ZUT | +3.85% | -4.33% | +16.24% | +9.35% | +69.53% | |
| Flows | ZID | -$10 M | -$21 M | -$33 M | -$28 M | +$56 M |
ZUT | +$25 M | +$56 M | -$70 M | -$4 M | +$257 M |
ZID vs ZUT exposure
Countries
ZID
India
100.00%
ZUT
Canada
82.83%
Bermuda
17.17%
Sectors
ZID
Energy
18.48%
Non-Energy Materials
15.65%
Finance
14.88%
Consumer Cyclicals
12.74%
Technology
11.18%
Consumer Non-Cyclicals
9.25%
Other
17.82%
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
As of October 16, 2026
Top 10 Holdings
ZID
Reliance Industries Ltd.
17.14%
Infosys Ltd.
7.63%
Mahindra & Mahindra Ltd.
6.38%
Axis Bank Ltd.
6.37%
Kotak Mahindra Bank Ltd.
5.07%
Hindustan Unilever Ltd.
3.10%
Hindalco Industries Ltd.
2.91%
UltraTech Cement Ltd.
2.62%
HCL Technologies Ltd.
2.54%
Power Grid Corp. of India Ltd.
2.44%
ZUT
AltaGas Ltd.
9.30%
ATCO Ltd.
9.15%
Canadian Utilities Ltd.
8.78%
Brookfield Renewable Partners LP
8.73%
Capital Power Corp.
8.69%
Brookfield Infrastructure Partners LP
8.44%
Northland Power, Inc.
8.00%
TransAlta Corp.
7.98%
Emera, Inc.
7.97%
Fortis, Inc.
7.90%
Diversification
ZID
Total weight of top 10 holdings out of 53 total
56.20%
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
Characteristics
Compare
ZID
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI India Selection 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 | 0.81% | 2.85% |
| Meets ESG criteria | Yes | No |
| Inception Date | January 19, 2010 | January 19, 2010 |
Frequently asked questions about ZID and ZUT
Which ETF has performed better year to date: ZID or ZUT?
As of October 16, 2026, ZID has returned -15.44% year to date, while ZUT has returned 16.24%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZID or ZUT?
As of October 16, 2026, ZID manages $152.97 M in assets, while ZUT manages $862.78 M. ZUT is the larger fund by AUM.
How are ZID and ZUT managed?
ZID is passively managed by BMO. It tracks the MSCI India Selection 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 ZID and ZUT emphasize?
ZID is most exposed to Energy, Non-Energy Materials, and Finance. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: ZID or ZUT?
Year to date, ZID has seen -$33.32 M in net flows, compared with -$69.96 M for ZUT. ZID has attracted more net investor money so far.
How do the fees of ZID and ZUT compare?
ZID has an expense ratio of 0.67%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZID and ZUT?
ZID's largest holdings include Reliance Industries Ltd., Infosys Ltd., and Mahindra & Mahindra Ltd.. ZUT's top holdings include AltaGas Ltd., ATCO Ltd., and Canadian Utilities Ltd..
Which ETF is more diversified: ZID or ZUT?
ZID holds 53 securities, while ZUT holds 12. On holdings count, ZID is the more diversified portfolio.
Recent articles about ZID 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.