VS
Compare BMO MSCI Canada Value Index ETF (ZVC) vs BMO Equal Weight Utilities Index ETF (ZUT) to find the best fit for your portfolio. ZVC provides Finance, Energy, and Non-Energy Materials exposures, while ZUT is primarily weighted in Utilities, Energy, and Industrials. When evaluating costs, ZVC features a management fee (MER) of 0.35%, compared to 0.55% for ZUT. Performance-wise, ZVC has returned 23.35% year-to-date with +$7 M in net flows, whereas ZUT is at 15.72% with -$73 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
ZVC
ZUT
| AuM | $58.18 M | $856.02 M |
| Management Fees | 0.35% | 0.55% |
| Exp. ratio | 0.40% | 0.61% |
| Tracking Difference | -0.54% | -0.73% |
Historical performance and flows
As of October 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZVC | +1.86% | +3.10% | +23.35% | +32.39% | +102.60% |
ZUT | +3.58% | -5.94% | +15.72% | +9.27% | +75.28% | |
| Flows | ZVC | +$0 M | +$5 M | +$7 M | +$9 M | +$15 M |
ZUT | -$17 M | +$47 M | -$73 M | +$4 M | +$253 M |
ZVC vs ZUT exposure
Countries
ZVC
Canada
99.68%
ZUT
Canada
82.83%
Bermuda
17.17%
Sectors
ZVC
Finance
40.39%
Energy
18.25%
Non-Energy Materials
15.99%
Industrials
8.65%
Technology
7.35%
Other
9.37%
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
As of October 26, 2026
Top 10 Holdings
ZVC
The Toronto-Dominion Bank
7.85%
The Bank of Nova Scotia
7.37%
Bank of Montreal
5.91%
Manulife Financial Corp.
5.82%
Barrick Mining Corp.
5.70%
Suncor Energy, Inc.
5.60%
CGI, Inc.
4.99%
Canadian Natural Resources Ltd.
4.52%
Canadian Pacific Kansas City Ltd.
4.48%
Canadian Imperial Bank of Commerce
3.69%
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%
Diversification
ZVC
Total weight of top 10 holdings out of 50 total
55.92%
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
Characteristics
Compare
ZVC
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Canada Enhanced Value Capped Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.87% | 2.87% |
| Meets ESG criteria | No | No |
| Inception Date | October 4, 2017 | January 19, 2010 |
Frequently asked questions about ZVC and ZUT
Which ETF has performed better year to date: ZVC or ZUT?
As of October 26, 2026, ZVC has returned 23.35% year to date, while ZUT has returned 15.72%. ZVC is ahead on YTD performance.
Which ETF is larger by assets under management: ZVC or ZUT?
As of October 26, 2026, ZVC manages $58.18 M in assets, while ZUT manages $856.02 M. ZUT is the larger fund by AUM.
How are ZVC and ZUT managed?
ZVC is passively managed by BMO. It tracks the MSCI Canada Enhanced Value Capped Index - CAD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do ZVC and ZUT emphasize?
ZVC is most exposed to Finance, Energy, and Non-Energy Materials. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: ZVC or ZUT?
Year to date, ZVC has seen +$6.53 M in net flows, compared with -$72.82 M for ZUT. ZVC has attracted more net investor money so far.
How do the fees of ZVC and ZUT compare?
ZVC has an expense ratio of 0.40%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZVC and ZUT?
ZVC's largest holdings include The Toronto-Dominion Bank, The Bank of Nova Scotia, and Bank of Montreal. ZUT's top holdings include AltaGas Ltd., ATCO Ltd., and Canadian Utilities Ltd..
Which ETF is more diversified: ZVC or ZUT?
ZVC holds 50 securities, while ZUT holds 12. On holdings count, ZVC is the more diversified portfolio.
Recent articles about ZVC and ZUT
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