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Compare BMO Equal Weight Utilities Index ETF (ZUT) vs iShares S&P/TSX Capped Utilities Index ETF (XUT) to find the best fit for your portfolio. ZUT and XUT provide the same top sector exposures: Utilities. When evaluating costs, ZUT features a management fee (MER) of 0.55%, compared to 0.55% for XUT. Performance-wise, ZUT has returned 15.32% year-to-date with -$60 M in net flows, whereas XUT is at 11.54% with +$342 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
XUT
| AuM | $873.00 M | $658.59 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.61% |
| Tracking Difference | -0.85% | -0.81% |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUT | -0.63% | +12.47% | +15.32% | +28.73% | +38.60% |
XUT | -0.08% | +9.50% | +11.54% | +23.71% | +36.77% | |
| Flows | ZUT | +$25 M | -$37 M | -$60 M | +$129 M | +$254 M |
XUT | +$179 M | +$303 M | +$342 M | +$267 M | +$311 M |
ZUT vs XUT exposure
Countries
ZUT
Canada
85.16%
Bermuda
14.84%
XUT
Canada
80.13%
Bermuda
19.53%
Sectors
ZUT
Utilities
100.00%
XUT
Utilities
99.66%
As of May 1, 2026
Top 10 Holdings
ZUT
BORALEX
9.91%
NORTHLAND POWER
7.97%
BROOKFIELD RENEWABLE PARTNERS
7.84%
CAPITAL POWER
7.84%
ALTAGAS
7.70%
ATCO
7.53%
ALGONQUIN POWER
7.52%
TRANSALTA
7.49%
EMERA
7.42%
CANADIAN UTILITIES
7.38%
XUT
FORTIS
22.94%
BROOKFIELD INFRASTRUCTURE PARTNERS LP UNIT
13.46%
EMERA
12.68%
HYDRO ONE
10.64%
ALTAGAS
8.75%
BROOKFIELD RENEWABLE PARTNERS
6.07%
CAPITAL POWER
6.00%
CANADIAN UTILITIES
3.69%
NORTHLAND POWER
3.56%
ALGONQUIN POWER
3.47%
Diversification
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
XUT
Total weight of top 10 holdings out of 14 total
91.25%
Characteristics
Compare
ZUT
XUT
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Utilities Total Return Index - CAD | S&P/TSX Capped Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.91% | 3.38% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | April 12, 2011 |
Frequently asked questions about ZUT and XUT
Which ETF has performed better year to date: ZUT or XUT?
As of May 1, 2026, ZUT has returned 15.32% year to date, while XUT has returned 11.54%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZUT or XUT?
As of May 1, 2026, ZUT manages $873.00 M in assets, while XUT manages $658.59 M. ZUT is the larger fund by AUM.
How are ZUT and XUT managed?
ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark. XUT is passively managed by iShares. It tracks the S&P/TSX Capped Utilities Total Return Index - CAD benchmark.
What sectors do ZUT and XUT emphasize?
ZUT is most exposed to Utilities. XUT is most exposed to Utilities.
Which ETF is attracting more investor flows: ZUT or XUT?
Year to date, ZUT has seen -$60.16 M in net flows, compared with +$341.66 M for XUT. XUT has attracted more net investor money so far.
How do the fees of ZUT and XUT compare?
ZUT has an expense ratio of 0.61%, while XUT has an expense ratio of 0.61%.
What are the top holdings of ZUT and XUT?
ZUT's largest holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS. XUT's top holdings include FORTIS, BROOKFIELD INFRASTRUCTURE PARTNERS LP UNIT, and EMERA.
Which ETF is more diversified: ZUT or XUT?
ZUT holds 13 securities, while XUT holds 14. On holdings count, XUT is the more diversified portfolio.
Recent articles about ZUT and XUT
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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.