VS
Compare BMO Equal Weight Utilities Index ETF (ZUT) vs Global X Equal Weight Canadian Banks Index ETF (HBNK) to find the best fit for your portfolio. ZUT provides Utilities, Energy, and Industrials exposures, while HBNK is primarily weighted in Finance. When evaluating costs, ZUT features a management fee (MER) of 0.55%, compared to 0.09% for HBNK. Performance-wise, ZUT has returned 13.96% year-to-date with -$57 M in net flows, whereas HBNK is at 28.51% with -$481 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
ZUT
HBNK
| AuM | $858.45 M | $740.17 M |
| Management Fees | 0.55% | 0.09% |
| Exp. ratio | 0.61% | 0.10% |
| Tracking Difference | -0.73% | -0.32% |
Historical performance and flows
As of October 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUT | +1.01% | -5.23% | +13.96% | +13.09% | +70.09% |
HBNK | -1.50% | -1.36% | +28.51% | +43.89% | +166.15% | |
| Flows | ZUT | +$36 M | +$79 M | -$57 M | -$37 M | +$265 M |
HBNK | +$29 M | -$34 M | -$481 M | -$604 M | -$114 M |
ZUT vs HBNK exposure
Countries
ZUT
Canada
82.83%
Bermuda
17.17%
HBNK
Canada
99.74%
Sectors
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
HBNK
Finance
99.74%
As of October 2, 2026
Top 10 Holdings
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%
HBNK
The Bank of Nova Scotia
17.48%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.21%
Bank of Montreal
16.52%
Canadian Imperial Bank of Commerce
15.70%
National Bank of Canada
15.42%
Diversification
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
HBNK
Total weight of top 10 holdings out of 6 total
99.74%
Characteristics
Compare
ZUT
HBNK
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Utilities Total Return Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.91% | 2.70% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | July 5, 2023 |
Frequently asked questions about ZUT and HBNK
Which ETF has performed better year to date: ZUT or HBNK?
As of October 2, 2026, ZUT has returned 13.96% year to date, while HBNK has returned 28.51%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZUT or HBNK?
As of October 2, 2026, ZUT manages $858.45 M in assets, while HBNK manages $740.17 M. ZUT is the larger fund by AUM.
How are ZUT and HBNK managed?
ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZUT and HBNK emphasize?
ZUT is most exposed to Utilities, Energy, and Industrials. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: ZUT or HBNK?
Year to date, ZUT has seen -$57.14 M in net flows, compared with -$481.39 M for HBNK. ZUT has attracted more net investor money so far.
How do the fees of ZUT and HBNK compare?
ZUT has an expense ratio of 0.61%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZUT and HBNK?
ZUT's largest holdings include AltaGas Ltd., ATCO Ltd., and Canadian Utilities Ltd.. HBNK's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada.
Which ETF is more diversified: ZUT or HBNK?
ZUT holds 12 securities, while HBNK holds 6. On holdings count, ZUT is the more diversified portfolio.
Recent articles about ZUT and HBNK
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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.