A side-by-side comparison of BMO Covered Call Utilities ETF (ZWU) and BMO Equal Weight Utilities Index ETF (ZUT) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ZWU | ZUT |
|---|---|---|
| YTD Return | +7.39% | +18.52%✓ |
| 1-Day Change | +0.63%✓ | -0.20% |
| 1-Week Change | +2.06%✓ | +1.07% |
| 1-Month Change | -0.46% | +0.55%✓ |
| Current Price | $11.91 | $30.14 |
| AUM | $2.21B✓ | $902M |
| MER (Expense Ratio) | 0.65% | 0%✓ |
| Dividend Yield | 7.15%✓ | 2.73% |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2011-10-20 | 2010-01-19 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | — | — |
| Category | Sector Equity | Sector Equity |
| Beta | 0.24 | 0.48 |
| 52-Week High | $12.13 | $30.55 |
| 52-Week Low | $10.28 | $23.86 |
| 50-Day MA | $11.94 | $29.68 |
| 200-Day MA | $11.65 | $27.62 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZWU | ZUT |
|---|---|---|
| YTD | +7.39% | +18.52%✓ |
| 1 Year | +16.92% | +27.59%✓ |
| 3 Year | +11.28% | +13.79%✓ |
| 5 Year | +6.37% | +7.39%✓ |
| 10 Year | +6.21% | +10.38%✓ |
| 1Y Volatility | 8.53% | 12.68% |
| Sharpe Ratio (3Y) | 0.76 | 0.65 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | TRP | TC Energy Corp | 5.50% |
| 2 | ENB | Enbridge Inc | 5.27% |
| 3 | FTS | Fortis Inc | 5.16% |
| 4 | ZUT | BMO Equal Weight Utilities Index ETF | 5.09% |
| 5 | H | Hydro One Ltd | 4.97% |
| 6 | VZ | Verizon Communications Inc | 4.85% |
| 7 | PPL | Pembina Pipeline Corp | 4.81% |
| 8 | WMB | Williams Companies Inc | 4.49% |
| 9 | BCE | BCE Inc | 4.31% |
| 10 | RCI-B | Rogers Communications Inc | 4.31% |
| 1 | BLX | Boralex Inc | 9.56% |
| 2 | ALA | AltaGas Ltd | 8.37% |
| 3 | BEP-UN | Brookfield Renewable Partners L.P | 8.18% |
| 4 | CPX | Capital Power Corporation | 8.18% |
| 5 | ACO-X | ATCO Ltd | 7.63% |
| 6 | TA | TransAlta Corp | 7.60% |
| 7 | CU | Canadian Utilities Limited | 7.52% |
| 8 | NPI | Northland Power Inc. | 7.49% |
| 9 | BIP-UN | Brookfield Infrastructure Partners L.P | 7.35% |
| 10 | EMA | Emera Inc. | 7.26% |
Sector Weights
| Sector | ZWU | ZUT |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 21.16% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 27.89% | 8.26% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 50.95% | 91.74% |
About ZWU
BMO Covered Call Utilities ETF (ZWU.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About ZUT
BMO Equal Weight Utilities Index ETF (ZUT.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both ZWU and ZUT are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, ZWU scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between ZWU and ZUT?
ZWU (BMO Covered Call Utilities ETF) and ZUT (BMO Equal Weight Utilities Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($2.21B vs $902M), dividend yield (7.15% vs 2.73%), and year-to-date performance (+7.39% vs +18.52%).
Is ZWU better than ZUT?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy ZWU and ZUT on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZWU and ZUT should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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