VS
BMO Long Corporate Bond Index ETF (ZLC) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZLC focuses its top 3 sector exposures on Utilities, Industrials, and Energy, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, ZLC features a management fee (MER) of 0.3%, compared to 0.55% for ZUT. Performance-wise, ZLC has returned 0.2% year-to-date with -$168 M in net flows, whereas ZUT is at 18.32% with -$108 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
ZLC
ZUT
| AuM | $281.42 M | $842.91 M |
| Management Fees | 0.30% | 0.55% |
| Exp. ratio | 0.33% | 0.61% |
| Tracking Difference | - | -0.82% |
Historical performance and flows
As of August 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLC | -2.48% | -1.09% | -0.20% | +1.50% | +16.33% |
ZUT | -1.45% | +1.92% | +18.32% | +22.98% | +55.21% | |
| Flows | ZLC | +$3 M | -$8 M | -$168 M | -$228 M | -$12 M |
ZUT | +$20 M | -$47 M | -$108 M | -$32 M | +$209 M |
ZLC vs ZUT exposure
Countries
ZLC
Canada
96.08%
ZUT
Canada
84.68%
Bermuda
15.32%
Sectors
ZLC
Utilities
37.57%
Industrials
24.08%
Energy
20.96%
Telecommunications
9.33%
Other
8.06%
ZUT
Utilities
85.04%
Energy
7.95%
Industrials
7.01%
As of August 6, 2026
Top 10 Holdings
ZLC
Hydro One Inc, 4.85% 30nov2054, CAD (58)
9.31%
CU Inc., 4.085% 2sep2044, CAD
7.35%
Enbridge, 4.24% 27aug2042, CAD
4.83%
Pembina Pipeline Corporation, 5.67% 12jan2054, CAD (22)
4.20%
TELUS, 4.85% 5apr2044, CAD (CP)
3.87%
Greater Toronto Airports Authority, 3.26% 1jun2037, CAD (2018-1)
3.67%
TransCanada PipeLines, 4.34% 15oct2049, CAD
3.52%
Greater Toronto Airports Authority, 2.75% 17oct2039, CAD (2019-2)
3.35%
Canadian National Railway Company, 3.6% 1aug2047, CAD
3.34%
Hydro One Inc, 5.49% 16jul2040, CAD
2.90%
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
ZLC
Total weight of top 10 holdings out of 40 total
46.33%
ZUT
Total weight of top 10 holdings out of 13 total
79.05%
Characteristics
Compare
ZLC
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Long Term Corporate Bond TR Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.69% | 2.80% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | January 19, 2010 |
Frequently asked questions about ZLC and ZUT
Which ETF has performed better year to date: ZLC or ZUT?
As of August 6, 2026, ZLC has returned -0.20% year to date, while ZUT has returned 18.32%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZLC or ZUT?
As of August 6, 2026, ZLC manages $281.42 M in assets, while ZUT manages $842.91 M. ZUT is the larger fund by AUM.
How are ZLC and ZUT managed?
ZLC is passively managed by BMO. It tracks the FTSE Canada Long Term Corporate Bond TR 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 ZLC and ZUT emphasize?
ZLC is most exposed to Utilities, Industrials, and Energy. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: ZLC or ZUT?
Year to date, ZLC has seen -$168.07 M in net flows, compared with -$107.60 M for ZUT. ZUT has attracted more net investor money so far.
How do the fees of ZLC and ZUT compare?
ZLC has an expense ratio of 0.33%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZLC and ZUT?
ZLC's largest holdings include Hydro One Inc, 4.85% 30nov2054, CAD (58), CU Inc., 4.085% 2sep2044, CAD, and Enbridge, 4.24% 27aug2042, CAD. ZUT's top holdings include Boralex, Inc., Capital Power Corp., and Brookfield Renewable Partners LP.
Which ETF is more diversified: ZLC or ZUT?
ZLC holds 38 securities, while ZUT holds 13. On holdings count, ZLC is the more diversified portfolio.
Recent articles about ZLC and ZUT
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