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BMO SPDR Utilities Select Sector Index ETF (ZXLU) and iShares S&P/TSX Capped Utilities Index ETF (XUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLU focuses its top 3 sector exposures on Utilities, while XUT leans towards Utilities, Industrials, and Energy. When evaluating costs, ZXLU features a management fee (MER) of 0.21%, compared to 0.55% for XUT. Performance-wise, ZXLU has returned 3.69% year-to-date with +$2 M in net flows, whereas XUT is at 12.76% with +$292 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
ZXLU
XUT
| AuM | $21.02 M | $601.33 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.61% |
| Tracking Difference | - | -0.70% |
Historical performance and flows
As of October 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLU | +7.25% | -6.94% | +3.69% | -4.66% | - |
XUT | +4.25% | -6.05% | +12.76% | +9.51% | +70.23% | |
| Flows | ZXLU | +$1 M | -$1 M | +$2 M | +$4 M | - |
XUT | -$284 M | -$26 M | +$292 M | +$273 M | +$247 M |
ZXLU vs XUT exposure
Countries
ZXLU
USA
99.55%
XUT
Canada
79.42%
Bermuda
20.26%
Sectors
ZXLU
Utilities
99.55%
XUT
Utilities
74.49%
Industrials
14.31%
Energy
10.89%
As of October 26, 2026
Top 10 Holdings
ZXLU
US81369Y8865
100.00%
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
ZXLU
Total weight of top 10 holdings out of 31 total
100.00%
XUT
Total weight of top 10 holdings out of 13 total
92.70%
Characteristics
Compare
ZXLU
XUT
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Utilities Select Sector Total Return Index - USD | S&P/TSX Capped Utilities Total Return Index - CAD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.08% | 3.18% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | April 12, 2011 |
Frequently asked questions about ZXLU and XUT
Which ETF has performed better year to date: ZXLU or XUT?
As of October 26, 2026, ZXLU has returned 3.69% year to date, while XUT has returned 12.76%. XUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLU or XUT?
As of October 26, 2026, ZXLU manages $21.02 M in assets, while XUT manages $601.33 M. XUT is the larger fund by AUM.
How are ZXLU and XUT managed?
ZXLU is passively managed by BMO. It tracks the S&P Utilities Select Sector Total Return Index - USD benchmark. XUT is passively managed by iShares. It tracks the S&P/TSX Capped Utilities Total Return Index - CAD benchmark.
Which ETF is more diversified: ZXLU or XUT?
ZXLU holds 1 securities, while XUT holds 13. On holdings count, XUT is the more diversified portfolio.
Which ETF is attracting more investor flows: ZXLU or XUT?
Year to date, ZXLU has seen +$1.66 M in net flows, compared with +$292.37 M for XUT. XUT has attracted more net investor money so far.
How do the fees of ZXLU and XUT compare?
ZXLU has an expense ratio of 0.21%, while XUT has an expense ratio of 0.61%.
What sectors do ZXLU and XUT emphasize?
ZXLU is most exposed to Utilities. XUT is most exposed to Utilities, Industrials, and Energy.
Recent articles about ZXLU and XUT
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