VS
BMO Mid-Term US Treasury Bond Index ETF (ZTM) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTM focuses its top 3 sector exposures on Sovereign, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, ZTM features a management fee (MER) of 0.2%, compared to 0.55% for ZUT. Performance-wise, ZTM has returned 0.92% year-to-date with +$20 M in net flows, whereas ZUT is at 21.42% with -$120 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
ZTM
ZUT
| AuM | $98.12 M | $852.96 M |
| Management Fees | 0.20% | 0.55% |
| Exp. ratio | 0.23% | 0.61% |
| Tracking Difference | - | -1.96% |
Historical performance and flows
As of July 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTM | -2.00% | +2.09% | +0.92% | +3.06% | +16.71% |
ZUT | +0.97% | +5.29% | +21.42% | +25.86% | +53.82% | |
| Flows | ZTM | +$7 M | +$7 M | +$20 M | +$54 M | +$86 M |
ZUT | +$17 M | -$61 M | -$120 M | -$40 M | +$193 M |
ZTM vs ZUT exposure
Countries
ZTM
USA
63.12%
Other
36.88%
ZUT
Canada
84.68%
Bermuda
15.32%
Sectors
ZTM
Sovereign
63.12%
Other
36.88%
ZUT
Utilities
85.04%
Energy
7.95%
Industrials
7.01%
As of July 31, 2026
Top 10 Holdings
ZTM
USA, Notes 4.625% 15feb2035, USD (B-2035)
3.98%
USA, Notes 4.375% 15may2034, USD (C-2034)
3.91%
USA, Notes 4.25% 15nov2034, USD (F-2034)
3.87%
US91282CNC19
3.87%
US91282CNT44
3.86%
USA, Notes 4% 15feb2034, USD (B-2034)
3.82%
US91282CPZ85
3.82%
US91282CPJ44
3.79%
USA, Notes 3.875% 15aug2034, USD (E-2034)
3.78%
USA, Notes 4.5% 15nov2033, USD (F-2033)
3.75%
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
ZTM
Total weight of top 10 holdings out of 45 total
38.45%
ZUT
Total weight of top 10 holdings out of 13 total
79.05%
Characteristics
Compare
ZTM
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Treasury 5-10 Year Bond 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 | 3.40% | 2.73% |
| Meets ESG criteria | No | No |
| Inception Date | February 28, 2017 | January 19, 2010 |
Frequently asked questions about ZTM and ZUT
Which ETF has performed better year to date: ZTM or ZUT?
As of July 31, 2026, ZTM has returned 0.92% year to date, while ZUT has returned 21.42%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZTM or ZUT?
As of July 31, 2026, ZTM manages $98.12 M in assets, while ZUT manages $852.96 M. ZUT is the larger fund by AUM.
How are ZTM and ZUT managed?
ZTM is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 5-10 Year Bond 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 ZTM and ZUT emphasize?
ZTM is most exposed to Sovereign. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: ZTM or ZUT?
Year to date, ZTM has seen +$19.87 M in net flows, compared with -$119.61 M for ZUT. ZTM has attracted more net investor money so far.
How do the fees of ZTM and ZUT compare?
ZTM has an expense ratio of 0.23%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZTM and ZUT?
ZTM's largest holdings include USA, Notes 4.625% 15feb2035, USD (B-2035) and USA, Notes 4.375% 15may2034, USD (C-2034). ZUT's top holdings include Boralex, Inc., Capital Power Corp., and Brookfield Renewable Partners LP.
Which ETF is more diversified: ZTM or ZUT?
ZTM holds 26 securities, while ZUT holds 13. On holdings count, ZTM is the more diversified portfolio.
Recent articles about ZTM and ZUT
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