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Compare BMO Equal Weight Utilities Index ETF (ZUT) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. ZUT provides Utilities, Energy, and Industrials exposures, while ZEB is primarily weighted in Finance. When evaluating costs, ZUT features a management fee (MER) of 0.55%, compared to 0.25% for ZEB. Performance-wise, ZUT has returned 17.94% year-to-date with -$100 M in net flows, whereas ZEB is at 33.39% with +$258 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
ZEB
| AuM | $847.51 M | $7,339.29 M |
| Management Fees | 0.55% | 0.25% |
| Exp. ratio | 0.61% | 0.28% |
| Tracking Difference | -0.82% | -0.62% |
Historical performance and flows
As of August 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUT | -2.51% | +1.60% | +17.94% | +22.82% | +54.72% |
ZEB | +0.10% | +15.96% | +33.39% | +68.10% | +154.65% | |
| Flows | ZUT | +$27 M | -$37 M | -$100 M | -$29 M | +$216 M |
ZEB | +$438 M | +$1,372 M | +$258 M | +$251 M | -$751 M |
ZUT vs ZEB exposure
Countries
ZUT
Canada
84.68%
Bermuda
15.32%
ZEB
Canada
100.00%
Sectors
ZUT
Utilities
85.04%
Energy
7.95%
Industrials
7.01%
ZEB
Finance
100.00%
As of August 7, 2026
Top 10 Holdings
ZUT
Boralex, Inc.
9.46%
Capital Power Corp.
8.42%
Brookfield Renewable Partners LP
8.31%
AltaGas Ltd.
7.95%
ATCO Ltd.
7.77%
TransAlta Corp.
7.74%
Canadian Utilities Ltd.
7.65%
Emera, Inc.
7.38%
Fortis, Inc.
7.23%
Northland Power, Inc.
7.14%
ZEB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
ZUT
Total weight of top 10 holdings out of 13 total
79.05%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZUT
ZEB
| Provider | BMO | BMO |
| 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 | 2.81% | 2.28% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | October 20, 2009 |
Frequently asked questions about ZUT and ZEB
Which ETF has performed better year to date: ZUT or ZEB?
As of August 7, 2026, ZUT has returned 17.94% year to date, while ZEB has returned 33.39%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: ZUT or ZEB?
As of August 7, 2026, ZUT manages $847.51 M in assets, while ZEB manages $7.34 B. ZEB is the larger fund by AUM.
How are ZUT and ZEB managed?
ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZUT and ZEB emphasize?
ZUT is most exposed to Utilities, Energy, and Industrials. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: ZUT or ZEB?
Year to date, ZUT has seen -$100.29 M in net flows, compared with +$257.86 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of ZUT and ZEB compare?
ZUT has an expense ratio of 0.61%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZUT and ZEB?
ZUT's largest holdings include Boralex, Inc., Capital Power Corp., and Brookfield Renewable Partners LP. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZUT or ZEB?
ZUT holds 13 securities, while ZEB holds 6. On holdings count, ZUT is the more diversified portfolio.
Recent articles about ZUT and ZEB
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