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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. When evaluating costs, ZXLU features a management fee (MER) of 0.21%, compared to 0.55% for XUT. Performance-wise, ZXLU has returned 8.37% year-to-date with +$9 M in net flows, whereas XUT is at 11.3% with +$306 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 | $30.42 M | $623.56 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.61% |
| Tracking Difference | - | -0.86% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLU | +1.73% | +8.03% | +8.37% | +18.91% | - |
XUT | +2.79% | +9.83% | +11.30% | +25.81% | +35.86% | |
| Flows | ZXLU | -$3 M | +$8 M | +$9 M | +$27 M | - |
XUT | +$182 M | +$281 M | +$306 M | +$235 M | +$270 M |
ZXLU vs XUT exposure
Countries
ZXLU
USA
99.79%
XUT
Canada
80.13%
Bermuda
19.53%
Sectors
ZXLU
Utilities
99.79%
XUT
Utilities
99.66%
As of April 24, 2026
Top 10 Holdings
ZXLU
NEXTERA ENERGY
13.59%
SOUTHERN
7.47%
DUKE ENERGY
7.15%
CONSTELLATION ENERGY CORP
6.11%
AMERICAN ELECTRIC POWER
4.98%
SEMPRA ENERGY
4.46%
DOMINION ENERGY
3.71%
ENTERGY
3.57%
EXELON CORP
3.52%
VISTRA CORP
3.36%
XUT
FORTIS
22.94%
BROOKFIELD INFRASTRUCTURE PARTNERS LP UNIT
13.46%
EMERA
12.68%
HYDRO ONE
10.64%
ALTAGAS
8.75%
BROOKFIELD RENEWABLE PARTNERS
6.07%
CAPITAL POWER
6.00%
CANADIAN UTILITIES
3.69%
NORTHLAND POWER
3.56%
ALGONQUIN POWER
3.47%
Diversification
ZXLU
Total weight of top 10 holdings out of 31 total
57.93%
XUT
Total weight of top 10 holdings out of 14 total
91.25%
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 | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.04% | 3.45% |
| 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 April 24, 2026, ZXLU has returned 8.37% year to date, while XUT has returned 11.30%. XUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLU or XUT?
As of April 24, 2026, ZXLU manages $30.42 M in assets, while XUT manages $623.56 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.
What sectors do ZXLU and XUT emphasize?
ZXLU is most exposed to Utilities. XUT is most exposed to Utilities.
Which ETF is attracting more investor flows: ZXLU or XUT?
Year to date, ZXLU has seen +$9.13 M in net flows, compared with +$306.41 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 are the top holdings of ZXLU and XUT?
ZXLU's largest holdings include NEXTERA ENERGY, SOUTHERN, and DUKE ENERGY. XUT's top holdings include FORTIS, BROOKFIELD INFRASTRUCTURE PARTNERS LP UNIT, and EMERA.
Which ETF is more diversified: ZXLU or XUT?
ZXLU holds 31 securities, while XUT holds 14. On holdings count, ZXLU is the more diversified portfolio.
Recent articles about ZXLU and XUT
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