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BMO Short-Term US TIPS Index ETF (ZTIP) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTIP focuses its top 3 sector exposures on Sovereign, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, ZTIP features a management fee (MER) of 0.15%, compared to 0.55% for ZUT. Performance-wise, ZTIP has returned 4.15% year-to-date with +$26 M in net flows, whereas ZUT is at 16.19% with -$71 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
ZTIP
ZUT
| AuM | $43.09 M | $860.93 M |
| Management Fees | 0.15% | 0.55% |
| Exp. ratio | 0.17% | 0.61% |
| Tracking Difference | - | -0.73% |
Historical performance and flows
As of October 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTIP | +0.66% | -0.48% | +4.15% | +1.90% | +18.22% |
ZUT | +2.81% | -5.06% | +16.19% | +9.62% | +77.57% | |
| Flows | ZTIP | +$2 M | +$7 M | +$26 M | +$29 M | +$21 M |
ZUT | +$26 M | +$56 M | -$71 M | +$7 M | +$254 M |
ZTIP vs ZUT exposure
Countries
ZTIP
USA
100.00%
ZUT
Canada
82.83%
Bermuda
17.17%
Sectors
ZTIP
Sovereign
100.00%
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
As of October 21, 2026
Top 10 Holdings
ZTIP
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
5.39%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
5.32%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
5.29%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
5.11%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
4.96%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
4.90%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
4.85%
USA, TIPS 0.125% 15oct2026, USD (AE-2026)
4.78%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
4.73%
USA, TIPS 0.125% 15apr2027, USD (X-2027)
4.72%
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
ZTIP
Total weight of top 10 holdings out of 25 total
50.06%
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
Characteristics
Compare
ZTIP
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD | 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 | 4.00% | 2.85% |
| Meets ESG criteria | No | No |
| Inception Date | January 26, 2021 | January 19, 2010 |
Frequently asked questions about ZTIP and ZUT
Which ETF has performed better year to date: ZTIP or ZUT?
As of October 21, 2026, ZTIP has returned 4.15% year to date, while ZUT has returned 16.19%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZTIP or ZUT?
As of October 21, 2026, ZTIP manages $43.09 M in assets, while ZUT manages $860.93 M. ZUT is the larger fund by AUM.
How are ZTIP and ZUT managed?
ZTIP is passively managed by BMO. It tracks the Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do ZTIP and ZUT emphasize?
ZTIP is most exposed to Sovereign. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: ZTIP or ZUT?
Year to date, ZTIP has seen +$26.06 M in net flows, compared with -$71.39 M for ZUT. ZTIP has attracted more net investor money so far.
How do the fees of ZTIP and ZUT compare?
ZTIP has an expense ratio of 0.17%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZTIP and ZUT?
ZTIP's largest holdings include USA, TIPS 1.125% 15oct2030, USD (AE-2030), USA, TIPS 1.25% 15apr2031, USD (X-2031), and USA, TIPS 1.625% 15apr2030, USD (X-2030). ZUT's top holdings include AltaGas Ltd., ATCO Ltd., and Canadian Utilities Ltd..
Which ETF is more diversified: ZTIP or ZUT?
ZTIP holds 25 securities, while ZUT holds 12. On holdings count, ZTIP is the more diversified portfolio.
Recent articles about ZTIP and ZUT
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