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BMO SPDR Utilities Select Sector Index ETF (ZXLU) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLU focuses its top 3 sector exposures on Utilities, while ZEB leans towards Finance. When evaluating costs, ZXLU features a management fee (MER) of 0.21%, compared to 0.25% for ZEB. Performance-wise, ZXLU has returned 0.13% year-to-date with +$6 M in net flows, whereas ZEB is at 29.78% with +$553 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
ZEB
| AuM | $24.92 M | $7,408.92 M |
| Management Fees | 0.21% | 0.25% |
| Exp. ratio | 0.21% | 0.28% |
| Tracking Difference | - | -0.54% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLU | -5.68% | -7.79% | -0.13% | +2.40% | - |
ZEB | -4.70% | +2.36% | +29.78% | +48.24% | +152.32% | |
| Flows | ZXLU | -$3 M | +$1 M | +$6 M | +$14 M | - |
ZEB | +$284 M | +$1,575 M | +$553 M | +$1,190 M | -$261 M |
ZXLU vs ZEB exposure
Countries
ZXLU
USA
99.70%
ZEB
Canada
100.00%
Sectors
ZXLU
Utilities
99.70%
ZEB
Finance
100.00%
As of September 16, 2026
Top 10 Holdings
ZXLU
NextEra Energy, Inc.
13.07%
The Southern Co.
7.68%
Duke Energy Corp.
7.05%
Constellation Energy Corp.
6.05%
American Electric Power Co., Inc.
5.01%
Dominion Energy, Inc.
4.39%
Sempra
4.17%
Entergy Corp.
3.55%
Xcel Energy, Inc.
3.52%
Vistra Corp.
3.39%
ZEB
Royal Bank of Canada
17.39%
Bank of Montreal
17.03%
The Toronto-Dominion Bank
16.96%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
16.09%
National Bank of Canada
16.03%
Diversification
ZXLU
Total weight of top 10 holdings out of 31 total
57.88%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZXLU
ZEB
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Utilities Select Sector Total Return Index - USD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.12% | 2.35% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | October 20, 2009 |
Frequently asked questions about ZXLU and ZEB
Which ETF has performed better year to date: ZXLU or ZEB?
As of September 16, 2026, ZXLU has returned -0.13% year to date, while ZEB has returned 29.78%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLU or ZEB?
As of September 16, 2026, ZXLU manages $24.92 M in assets, while ZEB manages $7.41 B. ZEB is the larger fund by AUM.
How are ZXLU and ZEB managed?
ZXLU is passively managed by BMO. It tracks the S&P Utilities Select Sector Total Return Index - USD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZXLU and ZEB emphasize?
ZXLU is most exposed to Utilities. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: ZXLU or ZEB?
Year to date, ZXLU has seen +$6.31 M in net flows, compared with +$553.06 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of ZXLU and ZEB compare?
ZXLU has an expense ratio of 0.21%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZXLU and ZEB?
ZXLU's largest holdings include NextEra Energy, Inc., The Southern Co., and Duke Energy Corp.. ZEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: ZXLU or ZEB?
ZXLU holds 31 securities, while ZEB holds 6. On holdings count, ZXLU is the more diversified portfolio.
Recent articles about ZXLU and ZEB
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