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Compare BMO Equal Weight REITs Index ETF (ZRE) vs BMO Equal Weight Utilities Index ETF (ZUT) to find the best fit for your portfolio. ZRE provides Real Estate and Health Care exposures, while ZUT is primarily weighted in Utilities. When evaluating costs, ZRE features a management fee (MER) of 0.55%, compared to 0.55% for ZUT. Performance-wise, ZRE has returned 11.54% year-to-date with +$6 M in net flows, whereas ZUT is at 20.43% with -$76 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
ZRE
ZUT
| AuM | $638.87 M | $893.16 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.61% |
| Tracking Difference | -0.73% | -0.90% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZRE | +2.05% | +8.20% | +11.54% | +14.45% | +31.58% |
ZUT | +3.72% | +9.48% | +20.43% | +29.41% | +47.71% | |
| Flows | ZRE | +$4 M | +$3 M | +$6 M | +$1 M | -$18 M |
ZUT | -$15 M | +$4 M | -$76 M | +$122 M | +$233 M |
ZRE vs ZUT exposure
Countries
ZRE
Canada
100.00%
ZUT
Canada
85.23%
Bermuda
14.77%
Sectors
ZRE
Real Estate
85.38%
Other
9.77%
ZUT
Utilities
100.00%
As of June 11, 2026
Top 10 Holdings
ZRE
ALLIED PROPERTIES REAL ESTAT INV UNT
5.43%
FIRST CAPITAL REIT UNT
5.33%
RIOCAN REAL ESTATE UNT
5.30%
DREAM INDUSTRIAL REAL ESTATE
5.25%
PRIMARIS REAL ESTATE INVESTMENT TRUST UNIT
5.21%
CROMBIE REI UNT
5.13%
CA3874372053
5.11%
BOARDWALK REAL ESTATE INVESTMENT UNT
5.06%
SMART REAL ESTATE INVESTMENT
5.02%
CT REIT UNITS
5.01%
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
ZRE
Total weight of top 10 holdings out of 20 total
51.85%
ZUT
Total weight of top 10 holdings out of 13 total
78.87%
Characteristics
Compare
ZRE
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada REIT Total Return 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 | 4.34% | 2.77% |
| Meets ESG criteria | No | No |
| Inception Date | May 19, 2010 | January 19, 2010 |
Frequently asked questions about ZRE and ZUT
Which ETF has performed better year to date: ZRE or ZUT?
As of June 11, 2026, ZRE has returned 11.54% year to date, while ZUT has returned 20.43%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZRE or ZUT?
As of June 11, 2026, ZRE manages $638.87 M in assets, while ZUT manages $893.16 M. ZUT is the larger fund by AUM.
How are ZRE and ZUT managed?
ZRE is passively managed by BMO. It tracks the Solactive Equal Weight Canada REIT 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 ZRE and ZUT emphasize?
ZRE is most exposed to Real Estate and Health Care. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: ZRE or ZUT?
Year to date, ZRE has seen +$6.31 M in net flows, compared with -$76.24 M for ZUT. ZRE has attracted more net investor money so far.
How do the fees of ZRE and ZUT compare?
ZRE has an expense ratio of 0.61%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZRE and ZUT?
ZRE's largest holdings include ALLIED PROPERTIES REAL ESTAT INV UNT and FIRST CAPITAL REIT UNT. ZUT's top holdings include BORALEX, NORTHLAND POWER, and ALTAGAS.
Which ETF is more diversified: ZRE or ZUT?
ZRE holds 19 securities, while ZUT holds 13. On holdings count, ZRE is the more diversified portfolio.
Recent articles about ZRE and ZUT
Build Canada Homes: A Boost for Real Estate ETFs?
The Canadian government's $26B prefab housing plan and a U.S. tariff ruling have injected optimism into real estate markets, with analysts anticipating gains for REITs and construction-focused funds.
Posted on 6/2/2025 by ETF Market Canada inReal Estate
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