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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, Energy, and Industrials. When evaluating costs, ZXLU features a management fee (MER) of 0.21%, compared to 0.55% for ZUT. Performance-wise, ZXLU has returned 5.42% year-to-date with +$1 M in net flows, whereas ZUT is at 17.73% with -$73 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 | $20.55 M | $868.76 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.61% |
| Tracking Difference | - | -0.71% |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLU | +8.06% | -2.42% | +5.42% | -0.94% | - |
ZUT | +4.50% | -3.91% | +17.73% | +11.64% | +78.11% | |
| Flows | ZXLU | -$0 M | -$13 M | +$1 M | +$3 M | - |
ZUT | -$14 M | +$48 M | -$73 M | +$9 M | +$258 M |
ZXLU vs ZUT exposure
Countries
ZXLU
USA
99.75%
ZUT
Canada
83.93%
Bermuda
16.07%
Sectors
ZXLU
Utilities
99.75%
ZUT
Utilities
83.24%
Energy
8.44%
Industrials
8.32%
As of October 30, 2026
Top 10 Holdings
ZXLU
US81369Y8865
100.00%
ZUT
Northland Power, Inc.
9.17%
TransAlta Corp.
8.59%
ATCO Ltd.
8.53%
AltaGas Ltd.
8.44%
Canadian Utilities Ltd.
8.43%
Fortis, Inc.
8.34%
Brookfield Infrastructure Partners LP
8.32%
Capital Power Corp.
8.27%
Emera, Inc.
8.26%
Hydro One Ltd.
8.15%
Diversification
ZXLU
Total weight of top 10 holdings out of 31 total
100.00%
ZUT
Total weight of top 10 holdings out of 12 total
84.50%
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 | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.06% | 2.83% |
| 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 October 30, 2026, ZXLU has returned 5.42% year to date, while ZUT has returned 17.73%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLU or ZUT?
As of October 30, 2026, ZXLU manages $20.55 M in assets, while ZUT manages $868.76 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.
Which ETF is more diversified: ZXLU or ZUT?
ZXLU holds 1 securities, while ZUT holds 12. On holdings count, ZUT is the more diversified portfolio.
Which ETF is attracting more investor flows: ZXLU or ZUT?
Year to date, ZXLU has seen +$0.84 M in net flows, compared with -$72.83 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 sectors do ZXLU and ZUT emphasize?
ZXLU is most exposed to Utilities. ZUT is most exposed to Utilities, Energy, and Industrials.
Recent articles about ZXLU and ZUT
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