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BMO SPDR Materials Select Sector Index ETF (ZXLB) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLB focuses its top 3 sector exposures on Materials, while ZUT leans towards Utilities. When evaluating costs, ZXLB features a management fee (MER) of 0.21%, compared to 0.55% for ZUT. Performance-wise, ZXLB has returned 15.28% year-to-date with +$15 M in net flows, whereas ZUT is at 20.43% with -$76 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
ZXLB
ZUT
| AuM | $17.45 M | $893.16 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.61% |
| Tracking Difference | - | -0.90% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLB | +0.01% | +5.95% | +15.28% | +20.70% | - |
ZUT | +3.72% | +9.48% | +20.43% | +29.41% | +47.71% | |
| Flows | ZXLB | -$2 M | +$1 M | +$15 M | +$15 M | - |
ZUT | -$15 M | +$4 M | -$76 M | +$122 M | +$233 M |
ZXLB vs ZUT exposure
Countries
ZXLB
USA
73.80%
Ireland
21.54%
ZUT
Canada
85.23%
Bermuda
14.77%
Sectors
ZXLB
Materials
81.08%
Other
18.91%
ZUT
Utilities
100.00%
As of June 11, 2026
Top 10 Holdings
ZXLB
IE000S9YS762
14.16%
NEWMONT CORP
7.34%
NUCOR
5.69%
FREEPORT-MCMORAN INC
5.03%
CRH PLC
4.94%
VULCAN MATERIALS
4.86%
AIR PRODUCTS AND CHEMICALS
4.69%
MARTIN MARIETTA
4.49%
SHERWIN WILLIAMS
4.49%
CORTEVA INC
4.47%
ZUT
BORALEX
10.04%
NORTHLAND POWER
8.09%
ALTAGAS
8.08%
BROOKFIELD RENEWABLE PARTNERS
7.87%
ATCO
7.62%
CAPITAL POWER
7.57%
EMERA
7.48%
ALGONQUIN POWER
7.47%
CANADIAN UTILITIES
7.43%
FORTIS
7.23%
Diversification
ZXLB
Total weight of top 10 holdings out of 26 total
60.14%
ZUT
Total weight of top 10 holdings out of 13 total
78.87%
Characteristics
Compare
ZXLB
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Materials Select Sector Total Return Index - USD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.35% | 2.77% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | January 19, 2010 |
Frequently asked questions about ZXLB and ZUT
Which ETF has performed better year to date: ZXLB or ZUT?
As of June 11, 2026, ZXLB has returned 15.28% year to date, while ZUT has returned 20.43%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLB or ZUT?
As of June 11, 2026, ZXLB manages $17.45 M in assets, while ZUT manages $893.16 M. ZUT is the larger fund by AUM.
How are ZXLB and ZUT managed?
ZXLB is passively managed by BMO. It tracks the S&P Materials Select Sector Total Return Index - USD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do ZXLB and ZUT emphasize?
ZXLB is most exposed to Materials. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: ZXLB or ZUT?
Year to date, ZXLB has seen +$15.16 M in net flows, compared with -$76.24 M for ZUT. ZXLB has attracted more net investor money so far.
How do the fees of ZXLB and ZUT compare?
ZXLB has an expense ratio of 0.21%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZXLB and ZUT?
ZXLB's largest holdings include NEWMONT CORP and NUCOR. ZUT's top holdings include BORALEX, NORTHLAND POWER, and ALTAGAS.
Which ETF is more diversified: ZXLB or ZUT?
ZXLB holds 24 securities, while ZUT holds 13. On holdings count, ZXLB is the more diversified portfolio.
Recent articles about ZXLB and ZUT
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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.