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Compare BMO Equal Weight Utilities Index ETF (ZUT) vs iShares Core S&P/TSX Capped Composite Index ETF (XIC) to find the best fit for your portfolio. ZUT provides Utilities, Energy, and Industrials exposures, while XIC is primarily weighted in Finance, Non-Energy Materials, and Energy. When evaluating costs, ZUT features a management fee (MER) of 0.55%, compared to 0.05% for XIC. Performance-wise, ZUT has returned 13.96% year-to-date with -$57 M in net flows, whereas XIC is at 13.76% with +$10 B. 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
XIC
| AuM | $858.45 M | $35,151.98 M |
| Management Fees | 0.55% | 0.05% |
| Exp. ratio | 0.61% | 0.06% |
| Tracking Difference | -0.73% | -0.08% |
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% |
XIC | -1.41% | +2.05% | +13.76% | +20.30% | +100.33% | |
| Flows | ZUT | +$36 M | +$79 M | -$57 M | -$37 M | +$265 M |
XIC | +$1,629 M | +$4,243 M | +$10,255 M | +$11,563 M | +$16,455 M |
ZUT vs XIC exposure
Countries
ZUT
Canada
82.83%
Bermuda
17.17%
XIC
Canada
96.58%
Sectors
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
XIC
Finance
40.52%
Non-Energy Materials
18.87%
Energy
16.69%
Industrials
7.86%
Other
16.05%
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%
XIC
Royal Bank of Canada
7.63%
The Toronto-Dominion Bank
5.40%
Shopify, Inc.
4.80%
Bank of Montreal
3.19%
The Bank of Nova Scotia
3.00%
Enbridge, Inc.
2.95%
Canadian Natural Resources Ltd.
2.79%
Canadian Imperial Bank of Commerce
2.79%
Agnico Eagle Mines Ltd.
2.75%
Brookfield Corp.
2.35%
Diversification
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
XIC
Total weight of top 10 holdings out of 217 total
37.65%
Characteristics
Compare
ZUT
XIC
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Utilities Total Return Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.91% | 1.99% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | February 16, 2001 |
Frequently asked questions about ZUT and XIC
Which ETF has performed better year to date: ZUT or XIC?
As of October 2, 2026, ZUT has returned 13.96% year to date, while XIC has returned 13.76%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZUT or XIC?
As of October 2, 2026, ZUT manages $858.45 M in assets, while XIC manages $35.15 B. XIC is the larger fund by AUM.
How are ZUT and XIC managed?
ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do ZUT and XIC emphasize?
ZUT is most exposed to Utilities, Energy, and Industrials. XIC is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: ZUT or XIC?
Year to date, ZUT has seen -$57.14 M in net flows, compared with +$10,255.37 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZUT and XIC compare?
ZUT has an expense ratio of 0.61%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZUT and XIC?
ZUT's largest holdings include AltaGas Ltd., ATCO Ltd., and Canadian Utilities Ltd.. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZUT or XIC?
ZUT holds 12 securities, while XIC holds 217. On holdings count, XIC is the more diversified portfolio.
Recent articles about ZUT and XIC
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