VS
BMO Mid-Term US IG Corporate Bond Index ETF (ZMU) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZMU 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, ZMU features a management fee (MER) of 0.25%, compared to 0.55% for ZUT. Performance-wise, ZMU has returned 0.94% year-to-date with +$253 M in net flows, whereas ZUT is at 22.01% with -$126 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
ZMU
ZUT
| AuM | $3,600.62 M | $852.91 M |
| Management Fees | 0.25% | 0.55% |
| Exp. ratio | 0.28% | 0.61% |
| Tracking Difference | -0.25% | -0.85% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZMU | -0.14% | -1.17% | -0.94% | +2.64% | +12.76% |
ZUT | +1.71% | +5.71% | +22.01% | +27.22% | +54.59% | |
| Flows | ZMU | +$25 M | +$83 M | +$253 M | +$496 M | +$759 M |
ZUT | -$60 M | -$66 M | -$126 M | -$42 M | +$188 M |
ZMU vs ZUT exposure
Countries
ZMU
USA
58.29%
Other
29.63%
Other
12.08%
ZUT
Canada
83.77%
Bermuda
16.23%
Sectors
ZMU
Other
29.63%
Banks
14.59%
Other
55.78%
ZUT
Utilities
84.34%
Energy
8.20%
Industrials
7.46%
As of July 17, 2026
Top 10 Holdings
ZMU
US30303MAD48
0.71%
US023135DF00
0.65%
Bank of America Corporation, 5.288% 25apr2034, USD (N)
0.56%
Bank of America Corporation, 5.468% 23jan2035, USD (N)
0.56%
Pfizer, 4.75% 19may2033, USD
0.55%
Bank of America Corporation, 5.015% 22jul2033, USD (N)
0.54%
US68389XDZ50
0.52%
JP Morgan, 5.35% 1jun2034, USD
0.50%
Wells Fargo, 5.557% 25jul2034, USD (W)
0.49%
US79466LAU89
0.49%
ZUT
Boralex, Inc.
9.57%
Brookfield Renewable Partners LP
8.77%
AltaGas Ltd.
8.20%
Capital Power Corp.
8.05%
TransAlta Corp.
7.83%
Northland Power, Inc.
7.73%
Brookfield Infrastructure Partners LP
7.46%
Canadian Utilities Ltd.
7.33%
ATCO Ltd.
7.25%
Emera, Inc.
7.16%
Diversification
ZMU
Total weight of top 10 holdings out of 706 total
5.56%
ZUT
Total weight of top 10 holdings out of 13 total
79.35%
Characteristics
Compare
ZMU
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Investment Grade 5-10 Year Corporate Bond Capped Hedged to CAD 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 | 4.51% | 2.72% |
| Meets ESG criteria | No | No |
| Inception Date | March 20, 2013 | January 19, 2010 |
Frequently asked questions about ZMU and ZUT
Which ETF has performed better year to date: ZMU or ZUT?
As of July 17, 2026, ZMU has returned -0.94% year to date, while ZUT has returned 22.01%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZMU or ZUT?
As of July 17, 2026, ZMU manages $3.60 B in assets, while ZUT manages $852.91 M. ZMU is the larger fund by AUM.
How are ZMU and ZUT managed?
ZMU is passively managed by BMO. It tracks the Bloomberg U.S. Investment Grade 5-10 Year Corporate Bond Capped Hedged to CAD 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 ZMU and ZUT emphasize?
ZMU 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: ZMU or ZUT?
Year to date, ZMU has seen +$252.82 M in net flows, compared with -$125.69 M for ZUT. ZMU has attracted more net investor money so far.
How do the fees of ZMU and ZUT compare?
ZMU has an expense ratio of 0.28%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZMU and ZUT?
ZMU's largest holdings include Bank of America Corporation, 5.288% 25apr2034, USD (N) and Bank of America Corporation, 5.468% 23jan2035, USD (N). ZUT's top holdings include Boralex, Inc., Brookfield Renewable Partners LP, and AltaGas Ltd..
Which ETF is more diversified: ZMU or ZUT?
ZMU holds 520 securities, while ZUT holds 13. On holdings count, ZMU is the more diversified portfolio.
Recent articles about ZMU 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.