VS
BMO US Preferred Share Index ETF (ZUP) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZUP focuses its top 3 sector exposures on Finance, Insurance and reinsurance, and Financial markets, while ZUT leans towards Utilities, Energy, and Industrials. When evaluating costs, ZUP features a management fee (MER) of 0.45%, compared to 0.55% for ZUT. Performance-wise, ZUP has returned 2.79% year-to-date with +$3 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
ZUP
ZUT
| AuM | $45.54 M | $852.91 M |
| Management Fees | 0.45% | 0.55% |
| Exp. ratio | 0.50% | 0.61% |
| Tracking Difference | 0.10% | -0.85% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUP | -1.06% | +1.01% | +2.79% | +5.05% | +27.18% |
ZUT | +1.71% | +5.71% | +22.01% | +27.22% | +54.59% | |
| Flows | ZUP | +$1 M | +$1 M | +$3 M | +$4 M | +$1 M |
ZUT | -$60 M | -$66 M | -$126 M | -$42 M | +$188 M |
ZUP vs ZUT exposure
Countries
ZUP
USA
92.70%
Bermuda
7.30%
ZUT
Canada
83.77%
Bermuda
16.23%
Sectors
ZUP
Finance
69.02%
Other
30.98%
ZUT
Utilities
84.34%
Energy
8.20%
Industrials
7.46%
As of July 17, 2026
Top 10 Holdings
ZUP
Hudson Pacific Properties, Inc.
0.91%
F&G Annuities & Life, 7.3% 15jan2065, USD
0.86%
KKR Real Estate Finance Trust, Inc.
0.85%
Arbor Realty Trust, Inc.
0.85%
Pitney Bowes, 6.7% 7mar2043, USD
0.83%
Telephone & Data Systems, Inc.
0.83%
Whirlpool Corp.
0.83%
Brookfield Property Partners LP
0.83%
Oracle Corp.
0.82%
Microchip Technology, Inc.
0.82%
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
ZUP
Total weight of top 10 holdings out of 156 total
8.44%
ZUT
Total weight of top 10 holdings out of 13 total
79.35%
Characteristics
Compare
ZUP
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive US Preferred Share Select Net Total Return Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.16% | 2.72% |
| Meets ESG criteria | No | No |
| Inception Date | February 9, 2017 | January 19, 2010 |
Frequently asked questions about ZUP and ZUT
Which ETF has performed better year to date: ZUP or ZUT?
As of July 17, 2026, ZUP has returned 2.79% year to date, while ZUT has returned 22.01%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZUP or ZUT?
As of July 17, 2026, ZUP manages $45.54 M in assets, while ZUT manages $852.91 M. ZUT is the larger fund by AUM.
How are ZUP and ZUT managed?
ZUP is passively managed by BMO. It tracks the Solactive US Preferred Share Select Net 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 ZUP and ZUT emphasize?
ZUP is most exposed to Finance, Insurance and reinsurance, and Financial markets. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: ZUP or ZUT?
Year to date, ZUP has seen +$3.02 M in net flows, compared with -$125.69 M for ZUT. ZUP has attracted more net investor money so far.
How do the fees of ZUP and ZUT compare?
ZUP has an expense ratio of 0.50%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZUP and ZUT?
ZUP's largest holdings include Rithm Capital Corp., Public Storage, and Vornado Realty Trust. ZUT's top holdings include Boralex, Inc., Brookfield Renewable Partners LP, and AltaGas Ltd..
Which ETF is more diversified: ZUP or ZUT?
ZUP holds 100 securities, while ZUT holds 13. On holdings count, ZUP is the more diversified portfolio.
Recent articles about ZUP 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.