VS
BMO Long Provincial Bond Index ETF (ZPL) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZPL focuses its top 3 sector exposures on Municipal and Power, while ZUT leans towards Utilities. When evaluating costs, ZPL features a management fee (MER) of 0.25%, compared to 0.55% for ZUT. Performance-wise, ZPL has returned 1.04% year-to-date with -$101 M in net flows, whereas ZUT is at 19.01% with -$67 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
ZPL
ZUT
| AuM | $207.05 M | $891.48 M |
| Management Fees | 0.25% | 0.55% |
| Exp. ratio | 0.28% | 0.61% |
| Tracking Difference | - | -0.90% |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZPL | -0.72% | -0.07% | +1.04% | +2.38% | +7.36% |
ZUT | +2.79% | +9.35% | +19.01% | +28.50% | +44.66% | |
| Flows | ZPL | -$5 M | -$129 M | -$101 M | -$128 M | +$13 M |
ZUT | -$4 M | +$16 M | -$67 M | +$134 M | +$240 M |
ZPL vs ZUT exposure
Countries
ZPL
Canada
100.00%
ZUT
Canada
85.23%
Bermuda
14.77%
Sectors
ZPL
Municipal
96.64%
ZUT
Utilities
100.00%
As of June 8, 2026
Top 10 Holdings
ZPL
Province of Ontario, 3.45% 2jun2045, CAD (DMTN220)
7.91%
Province of Ontario, 2.9% 2dec2046, CAD (DMTN228)
7.14%
Province of Quebec, 3.1% 1dec2051, CAD (B125-01)
6.39%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
6.27%
Province of Ontario, 3.5% 2jun2043, CAD (DMTN214)
5.18%
Province of Ontario, 2.8% 2jun2048, CAD (DMTN231)
5.01%
Province of Quebec, 3.5% 1dec2045, CAD (B112)
5.00%
Province of Quebec, 4.25% 1dec2043, CAD (B106)
4.03%
Province of Ontario, 2.9% 2jun2049, CAD (DMTN236)
3.79%
Province of Ontario, 4.65% 2jun2041, CAD (DMTN204)
3.46%
ZUT
BORALEX
10.04%
NORTHLAND POWER
8.09%
ALTAGAS
8.08%
BROOKFIELD RENEWABLE PARTNERS
7.87%
ATCO
7.62%
CAPITAL POWER
7.57%
EMERA
7.48%
ALGONQUIN POWER
7.47%
CANADIAN UTILITIES
7.43%
FORTIS
7.23%
Diversification
ZPL
Total weight of top 10 holdings out of 48 total
54.18%
ZUT
Total weight of top 10 holdings out of 13 total
78.87%
Characteristics
Compare
ZPL
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Long Term Provincial 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 | 3.61% | 2.80% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2013 | January 19, 2010 |
Frequently asked questions about ZPL and ZUT
Which ETF has performed better year to date: ZPL or ZUT?
As of June 8, 2026, ZPL has returned 1.04% year to date, while ZUT has returned 19.01%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZPL or ZUT?
As of June 8, 2026, ZPL manages $207.05 M in assets, while ZUT manages $891.48 M. ZUT is the larger fund by AUM.
How are ZPL and ZUT managed?
ZPL is passively managed by BMO. It tracks the FTSE Canada Long Term Provincial 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 ZPL and ZUT emphasize?
ZPL is most exposed to Municipal and Power. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: ZPL or ZUT?
Year to date, ZPL has seen -$101.04 M in net flows, compared with -$67.36 M for ZUT. ZUT has attracted more net investor money so far.
How do the fees of ZPL and ZUT compare?
ZPL has an expense ratio of 0.28%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZPL and ZUT?
ZPL's largest holdings include Province of Ontario, 3.45% 2jun2045, CAD (DMTN220), Province of Ontario, 2.9% 2dec2046, CAD (DMTN228), and Province of Quebec, 3.1% 1dec2051, CAD (B125-01). ZUT's top holdings include BORALEX, NORTHLAND POWER, and ALTAGAS.
Which ETF is more diversified: ZPL or ZUT?
ZPL holds 46 securities, while ZUT holds 13. On holdings count, ZPL is the more diversified portfolio.
Recent articles about ZPL 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.