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BMO SPDR Utilities Select Sector Index ETF (ZXLU) and BMO Covered Call Utilities ETF (ZWU) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLU focuses its top 3 sector exposures on Utilities, while ZWU leans towards Utilities, Energy, and Communication Services. When evaluating costs, ZXLU features a management fee (MER) of 0.21%, compared to 0.65% for ZWU. Performance-wise, ZXLU has returned 8.62% year-to-date with +$8 M in net flows, whereas ZWU is at 10.64% with +$47 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
ZWU
| AuM | $29.64 M | $2,162.25 M |
| Management Fees | 0.21% | 0.65% |
| Exp. ratio | 0.21% | 0.71% |
| Tracking Difference | - | - |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLU | -1.19% | +9.24% | +8.62% | +18.31% | - |
ZWU | -0.66% | +7.30% | +10.64% | +16.99% | +30.10% | |
| Flows | ZXLU | +$1 M | +$7 M | +$8 M | +$26 M | - |
ZWU | +$50 M | +$23 M | +$47 M | +$224 M | +$169 M |
ZXLU vs ZWU exposure
Countries
ZXLU
USA
99.79%
ZWU
Canada
54.22%
USA
43.05%
Sectors
ZXLU
Utilities
99.79%
ZWU
Utilities
56.11%
Energy
23.14%
Communication Services
21.65%
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%
ZWU
FORTIS
5.56%
HYDRO ONE
5.52%
VERIZON COMMUNICATIONS
5.41%
TC ENERGY CORP
5.38%
AT&T
4.86%
PEMBINA PIPELINE
4.85%
ENBRIDGE
4.80%
EMERA
4.52%
KINDER MORGAN
4.36%
NEXTERA ENERGY
4.35%
Diversification
ZXLU
Total weight of top 10 holdings out of 31 total
57.93%
ZWU
Total weight of top 10 holdings out of 29 total
49.61%
Characteristics
Compare
ZXLU
ZWU
| Provider | BMO | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | S&P Utilities Select Sector Total Return Index - USD | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.03% | 7.02% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | October 27, 2011 |
Frequently asked questions about ZXLU and ZWU
Which ETF has performed better year to date: ZXLU or ZWU?
As of May 1, 2026, ZXLU has returned 8.62% year to date, while ZWU has returned 10.64%. ZWU is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLU or ZWU?
As of May 1, 2026, ZXLU manages $29.64 M in assets, while ZWU manages $2.16 B. ZWU is the larger fund by AUM.
How are ZXLU and ZWU managed?
ZXLU is passively managed by BMO. It tracks the S&P Utilities Select Sector Total Return Index - USD benchmark. ZWU is actively managed by BMO. It does not track an index.
What sectors do ZXLU and ZWU emphasize?
ZXLU is most exposed to Utilities. ZWU is most exposed to Utilities, Energy, and Communication Services.
Which ETF is attracting more investor flows: ZXLU or ZWU?
Year to date, ZXLU has seen +$8.29 M in net flows, compared with +$47.44 M for ZWU. ZWU has attracted more net investor money so far.
How do the fees of ZXLU and ZWU compare?
ZXLU has an expense ratio of 0.21%, while ZWU has an expense ratio of 0.71%.
What are the top holdings of ZXLU and ZWU?
ZXLU's largest holdings include NEXTERA ENERGY, SOUTHERN, and DUKE ENERGY. ZWU's top holdings include FORTIS, HYDRO ONE, and VERIZON COMMUNICATIONS.
Which ETF is more diversified: ZXLU or ZWU?
ZXLU holds 31 securities, while ZWU holds 29. On holdings count, ZXLU is the more diversified portfolio.
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