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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 Telecommunications. When evaluating costs, ZXLU features a management fee (MER) of 0.21%, compared to 0.65% for ZWU. Performance-wise, ZXLU has returned 0.66% year-to-date with +$6 M in net flows, whereas ZWU is at 5.72% with +$187 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 | $24.79 M | $2,151.48 M |
| Management Fees | 0.21% | 0.65% |
| Exp. ratio | 0.21% | 0.71% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLU | -6.00% | -8.56% | -0.66% | +1.18% | - |
ZWU | -3.40% | -4.66% | +5.72% | +6.86% | +34.38% | |
| Flows | ZXLU | -$3 M | +$1 M | +$6 M | +$14 M | - |
ZWU | +$27 M | +$101 M | +$187 M | +$297 M | +$341 M |
ZXLU vs ZWU exposure
Countries
ZXLU
USA
99.70%
ZWU
Canada
56.27%
USA
38.93%
Sectors
ZXLU
Utilities
99.70%
ZWU
Utilities
48.37%
Energy
26.85%
Telecommunications
20.39%
As of September 18, 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%
ZWU
Fortis, Inc.
5.53%
Hydro One Ltd.
5.47%
TC Energy Corp.
5.24%
Enbridge, Inc.
5.15%
Pembina Pipeline Corp.
5.00%
Verizon Communications, Inc.
4.74%
Emera, Inc.
4.57%
The Williams Cos., Inc.
4.40%
AT&T, Inc.
4.22%
The Southern Co.
3.93%
Diversification
ZXLU
Total weight of top 10 holdings out of 31 total
57.88%
ZWU
Total weight of top 10 holdings out of 30 total
48.25%
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 | 1.13% | 7.53% |
| 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 September 18, 2026, ZXLU has returned -0.66% year to date, while ZWU has returned 5.72%. ZWU is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLU or ZWU?
As of September 18, 2026, ZXLU manages $24.79 M in assets, while ZWU manages $2.15 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 Telecommunications.
Which ETF is attracting more investor flows: ZXLU or ZWU?
Year to date, ZXLU has seen +$6.31 M in net flows, compared with +$187.30 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, Inc., The Southern Co., and Duke Energy Corp.. ZWU's top holdings include Fortis, Inc., Hydro One Ltd., and TC Energy Corp..
Which ETF is more diversified: ZXLU or ZWU?
ZXLU holds 31 securities, while ZWU holds 30. On holdings count, ZXLU is the more diversified portfolio.
Recent articles about ZXLU and ZWU
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