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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 provides Utilities, Energy, and Industrials exposures, while XUT is primarily weighted in Utilities, Industrials, and Energy. When evaluating costs, ZUT features a management fee (MER) of 0.55%, compared to 0.55% for XUT. Performance-wise, ZUT has returned 16.63% year-to-date with -$71 M in net flows, whereas XUT is at 12.97% with +$197 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 | $864.19 M | $505.77 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.61% |
| Tracking Difference | -0.73% | -0.70% |
Historical performance and flows
As of October 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUT | +4.39% | -4.62% | +16.63% | +9.80% | +76.45% |
XUT | +4.44% | -5.79% | +12.97% | +9.85% | +70.50% | |
| Flows | ZUT | -$16 M | +$51 M | -$71 M | +$5 M | +$259 M |
XUT | -$379 M | -$118 M | +$197 M | +$177 M | +$234 M |
ZUT vs XUT exposure
Countries
ZUT
Canada
82.83%
Bermuda
17.17%
XUT
Canada
79.42%
Bermuda
20.26%
Sectors
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
XUT
Utilities
74.49%
Industrials
14.31%
Energy
10.89%
As of October 28, 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%
XUT
Fortis, Inc.
23.23%
Brookfield Infrastructure Partners LP
14.31%
Emera, Inc.
12.67%
Hydro One Ltd.
10.11%
AltaGas Ltd.
9.96%
Brookfield Renewable Partners LP
5.95%
Capital Power Corp.
5.95%
Canadian Utilities Ltd.
4.01%
Algonquin Power & Utilities Corp.
3.27%
Northland Power, Inc.
3.23%
Diversification
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
XUT
Total weight of top 10 holdings out of 13 total
92.70%
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 | 2.84% | 3.20% |
| 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 October 28, 2026, ZUT has returned 16.63% year to date, while XUT has returned 12.97%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZUT or XUT?
As of October 28, 2026, ZUT manages $864.19 M in assets, while XUT manages $505.77 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, Energy, and Industrials. XUT is most exposed to Utilities, Industrials, and Energy.
Which ETF is attracting more investor flows: ZUT or XUT?
Year to date, ZUT has seen -$71.39 M in net flows, compared with +$197.15 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 AltaGas Ltd., ATCO Ltd., and Canadian Utilities Ltd.. XUT's top holdings include Fortis, Inc., Brookfield Infrastructure Partners LP, and Emera, Inc..
Which ETF is more diversified: ZUT or XUT?
ZUT holds 12 securities, while XUT holds 13. On holdings count, XUT is the more diversified portfolio.
Recent articles about ZUT and XUT
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