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UTIL.TO vs. ZUT.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

UTIL.TO vs. ZUT.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) and BMO Equal Weight Utilities Index ETF (ZUT.TO).

UTIL.TO and ZUT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTIL.TO is a passively managed fund by Global X that tracks the performance of the Mirae Asset Equal Weight Canadian Utilities Index. It was launched on Aug 9, 2022. ZUT.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Canada Utilities Index. It was launched on Jan 19, 2010. Both UTIL.TO and ZUT.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

UTIL.TO vs. ZUT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) and BMO Equal Weight Utilities Index ETF (ZUT.TO). The values are adjusted to include any dividend payments, if applicable.

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UTIL.TO vs. ZUT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
UTIL.TO
Global X Equal Weight Canadian Utilities Index ETF		11.63%19.08%8.82%-1.83%-11.79%
ZUT.TO
BMO Equal Weight Utilities Index ETF		15.64%15.25%14.13%-5.37%-16.53%

Returns By Period

In the year-to-date period, UTIL.TO achieves a 11.63% return, which is significantly lower than ZUT.TO's 15.64% return.

UTIL.TO

1D
0.37%
1M
0.93%
YTD
11.63%
6M
13.43%
1Y
25.40%
3Y*
10.99%
5Y*
—
10Y*
—

ZUT.TO

1D
0.73%
1M
3.27%
YTD
15.64%
6M
14.44%
1Y
28.59%
3Y*
11.46%
5Y*
6.39%
10Y*
10.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Global X Equal Weight Canadian Utilities Index ETF

BMO Equal Weight Utilities Index ETF

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Often compared with ZUT.TO:
ZUT.TO vs. XUT.TOZUT.TO vs. ZWU.TOZUT.TO vs. ZLB.TOZUT.TO vs. VDY.TOZUT.TO vs. XMA.TOZUT.TO vs. XDIV.TOZUT.TO vs. ZWC.TO

UTIL.TO vs. ZUT.TO - Expense Ratio Comparison

ZUT.TO
BMO Equal Weight Utilities Index ETF

Return for Risk

UTIL.TO vs. ZUT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UTIL.TO
UTIL.TO Risk / Return Rank: 9595
Overall Rank
UTIL.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
UTIL.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
UTIL.TO Omega Ratio Rank: 9696
Omega Ratio Rank
UTIL.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
UTIL.TO Martin Ratio Rank: 9393
Martin Ratio Rank
ZUT.TO
ZUT.TO Risk / Return Rank: 9292
Overall Rank
ZUT.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
ZUT.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
ZUT.TO Omega Ratio Rank: 9696
Omega Ratio Rank
ZUT.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
ZUT.TO Martin Ratio Rank: 7979
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UTIL.TO vs. ZUT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) and BMO Equal Weight Utilities Index ETF (ZUT.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

UTIL.TOZUT.TODifference

Sharpe ratio

Return per unit of total volatility

2.53

2.43

+0.11

Sortino ratio

Return per unit of downside risk

3.26

3.13

+0.13

Omega ratio

Gain probability vs. loss probability

1.51

1.49

+0.01

Calmar ratio

Return relative to maximum drawdown

3.92

3.23

+0.69

Martin ratio

Return relative to average drawdown

14.17

8.12

+6.06

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UTIL.TO vs. ZUT.TO - Sharpe Ratio Comparison

The current UTIL.TO Sharpe Ratio is 2.53, which is comparable to the ZUT.TO Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of UTIL.TO and ZUT.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

UTIL.TOZUT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.53

2.43

+0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.46

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.63

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.57

-0.05

Correlation

The correlation between UTIL.TO and ZUT.TO is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

UTIL.TO vs. ZUT.TO - Dividend Comparison

UTIL.TO's dividend yield for the trailing twelve months is around 3.25%, more than ZUT.TO's 2.92% yield.

TTM20252024202320222021202020192018201720162015
UTIL.TO
Global X Equal Weight Canadian Utilities Index ETF		3.25%4.07%4.38%4.45%1.87%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZUT.TO
BMO Equal Weight Utilities Index ETF		2.92%3.44%3.98%4.35%3.95%3.25%3.31%4.00%4.59%3.71%3.98%4.63%

Drawdowns

UTIL.TO vs. ZUT.TO - Drawdown Comparison

The maximum UTIL.TO drawdown since its inception was -25.61%, smaller than the maximum ZUT.TO drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for UTIL.TO and ZUT.TO.

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Drawdown Indicators

UTIL.TOZUT.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.61%

-37.08%

+11.47%

Max Drawdown (1Y)

Largest decline over 1 year

-6.55%

-8.96%

+2.41%

Max Drawdown (5Y)

Largest decline over 5 years

—

-32.42%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.08%

—

Current Drawdown

Current decline from peak

-0.04%

0.00%

-0.04%

Average Drawdown

Average peak-to-trough decline

-8.22%

-6.37%

-1.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.81%

3.56%

-1.75%

Volatility

UTIL.TO vs. ZUT.TO - Volatility Comparison

The current volatility for Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) is 3.63%, while BMO Equal Weight Utilities Index ETF (ZUT.TO) has a volatility of 4.76%. This indicates that UTIL.TO experiences smaller price fluctuations and is considered to be less risky than ZUT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UTIL.TOZUT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.63%

4.76%

-1.13%

Volatility (6M)

Calculated over the trailing 6-month period

6.29%

8.47%

-2.18%

Volatility (1Y)

Calculated over the trailing 1-year period

10.07%

11.83%

-1.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.47%

13.91%

-1.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.47%

16.48%

-4.01%