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BMO SPDR Utilities Select Sector Index ETF (ZXLU) and BMO Equal Weight Utilities Index ETF (ZUT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLU focuses its top 3 sector exposures on Utilities, while ZUT leans towards Utilities. When evaluating costs, ZXLU features a management fee (MER) of 0.21%, compared to 0.55% for ZUT. Performance-wise, ZXLU has returned 8.62% year-to-date with +$8 M in net flows, whereas ZUT is at 15.32% with -$60 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
ZUT
| AuM | $29.64 M | $873.00 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLU | -1.19% | +9.24% | +8.62% | +18.31% | - |
ZUT | -0.63% | +12.47% | +15.32% | +28.73% | +38.60% | |
| Flows | ZXLU | +$1 M | +$7 M | +$8 M | +$26 M | - |
ZUT | +$25 M | -$37 M | -$60 M | +$129 M | +$254 M |
ZXLU vs ZUT exposure
Countries
ZXLU
USA
99.79%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
ZXLU
Utilities
99.79%
ZUT
Utilities
100.00%
As of May 1, 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%
ZUT
BORALEX
9.91%
NORTHLAND POWER
7.97%
BROOKFIELD RENEWABLE PARTNERS
7.84%
CAPITAL POWER
7.84%
ALTAGAS
7.70%
ATCO
7.53%
ALGONQUIN POWER
7.52%
TRANSALTA
7.49%
EMERA
7.42%
CANADIAN UTILITIES
7.38%
Diversification
ZXLU
Total weight of top 10 holdings out of 31 total
57.93%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
ZXLU
ZUT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Utilities 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 | 1.03% | 2.91% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | January 19, 2010 |
Frequently asked questions about ZXLU and ZUT
Which ETF has performed better year to date: ZXLU or ZUT?
As of May 1, 2026, ZXLU has returned 8.62% year to date, while ZUT has returned 15.32%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLU or ZUT?
As of May 1, 2026, ZXLU manages $29.64 M in assets, while ZUT manages $873.00 M. ZUT is the larger fund by AUM.
How are ZXLU and ZUT managed?
ZXLU is passively managed by BMO. It tracks the S&P Utilities 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 ZXLU and ZUT emphasize?
ZXLU is most exposed to Utilities. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: ZXLU or ZUT?
Year to date, ZXLU has seen +$8.29 M in net flows, compared with -$60.16 M for ZUT. ZXLU has attracted more net investor money so far.
How do the fees of ZXLU and ZUT compare?
ZXLU has an expense ratio of 0.21%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of ZXLU and ZUT?
ZXLU's largest holdings include NEXTERA ENERGY, SOUTHERN, and DUKE ENERGY. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: ZXLU or ZUT?
ZXLU holds 31 securities, while ZUT holds 13. On holdings count, ZXLU is the more diversified portfolio.
Recent articles about ZXLU 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.