ZUT.TO
BMO Equal Weight Utilities Index ETF
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 902.7 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Inception date | Jan 19, 2010 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BORALEX INC -CL 'A' | 9.9 % |
| ALTAGAS INCOME TRUST | 8.4 % |
| BROOKFIELD RENEWABLE PARTNERS LP | 8.3 % |
| NORTHLAND POWER INC | 7.9 % |
| CAPITAL POWER CORP | 7.7 % |
| ATCO LTD -CL 'I' | 7.6 % |
| BROOKFIELD INFRASTRUCTURE PA | 7.4 % |
| TRANSALTA CORP | 7.4 % |
| EMERA INC | 7.3 % |
| CANADIAN UTILITIES LTD A | 7.3 % |
Constituent Breakdown
| Number of holdings | 14 |
| Herfindahl-Hirschman Index | 778 |
| Wgt avg mkt cap (mns) | $9,469 |
| Large cap (>$10bn) | 28.8% |
| Mid cap ($2-10bn) | 61.3% |
| Small cap (<$2bn) | 9.9% |
| Developed mkts. | 100.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 84.4 % |
 |
BERMUDA | 15.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 18.3% | 23.5% | 20.1% | 8.4% | 3.7% | 6.1% | -- | 4.3% |
| Dividend Yield | 1.2% | 3.6% | 4.2% | 4.2% | 3.9% | 4.2% | -- | 4.5% |
| Total Returns | 19.5% | 27.2% | 24.4% | 12.6% | 7.6% | 10.3% | -- | 8.8% | Ann. Volatility | 12.0% | 10.7% | 12.9% | 14.7% | 14.0% | 16.5% | -- | 15.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.20 | 5% |
| MSCI EAFE | 0.21 | 8% |
| MSCI Emg Mkts | 0.13 | 6% |
Liquidity Measures
| Avg. volume (000) | 53 |
| ADV traded (mns) | $2 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $29.12 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 0.31/0.23 |
| Bollinger Bands (Upper/Lower) | $30.07/$28.30 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ZUT.TO |
Expenses vs. ZUT.TO |
ALTAR Score™ vs. ZUT.TO |
|---|---|---|---|---|
| XUT.TO | iShares S&P/TSX Capped Utilities Index ETF | 67.1% | +6 bp | -0.4% |
| UTIL.TO | Global X Equal Weight Canadian Utilities Index ETF | 53.1% | -30 bp | -0.9% |
| UMVP.TO | HAMILTON CHAMPIONS Utilities Index ETF | 45.4% | -36 bp | +0.4% |
| UMAX.TO | Hamilton Utilities YIELD MAXIMIZER TM ETF | 28.8% | +10 bp | +0.9% |
| MINF.TO | Middlefield Global Infrastructure Dividend ETF | 17.8% | +139 bp | -0.1% |
| ZLB.TO | BMO Low Volatility Canadian Equity ETF | 17.4% | -20 bp | +3.2% |
| TCLV.TO | TD Q Canadian Low Volatility ETF | 17.0% | -25 bp | +2.8% |
| FXM.TO | CI Morningstar Canada Value Index ETF | 16.3% | +5 bp | +4.0% |
| TLV.TO | Invesco S&P/TSX Composite Low Volatility Index ETF | 14.3% | -25 bp | +5.4% |
| XEI.TO | iShares S&P/TSX Composite High Dividend Index ETF | 12.9% | -33 bp | +2.9% |
Risk and Returns: ZUT.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
3.3%
ALTAR SCORE™
4th
PERCENTILE
AVOID
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. ZUT.TO's ALTAR Score™ is approximately -1.8 standard
deviations above the category average. This places ZUT.TO in the 4th percentile
among funds in the category.
Sell-Side Consensus
$30.45
PRICE TARGET
+1.9%
UPSIDE