XETM.TO vs. ZUT.TO
XETM.TO (iShares S&P/TSX Energy Transition Materials Index ETF) and ZUT.TO (BMO Equal Weight Utilities Index ETF) are both exchange-traded funds - XETM.TO is a Materials fund tracking the S&P/TSX Energy Transition Materials Index, while ZUT.TO is a Utilities Equities fund tracking the Solactive Equal Weight Canada Utilities Index. Both are passively managed. At a 0.27 correlation, their price movements are largely independent. XETM.TO charges 0.59%/yr vs 0.61%/yr for ZUT.TO.
Performance
XETM.TO vs. ZUT.TO - Performance Comparison
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Returns By Period
XETM.TO
- 1D
- 0.05%
- 1M
- -9.84%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZUT.TO
- 1D
- 0.20%
- 1M
- 1.36%
- YTD
- 22.24%
- 6M
- 20.06%
- 1Y
- 28.52%
- 3Y*
- 15.63%
- 5Y*
- 7.38%
- 10Y*
- 10.56%
XETM.TO vs. ZUT.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF | -7.96% |
ZUT.TO BMO Equal Weight Utilities Index ETF | 19.58% |
Correlation
The correlation between XETM.TO and ZUT.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026 | 0.27 |
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Return for Risk
XETM.TO vs. ZUT.TO — Risk / Return Rank
XETM.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZUT.TO
XETM.TO vs. ZUT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Energy Transition Materials Index ETF (XETM.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XETM.TO | ZUT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.54 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.20 | — |
| Martin ratioReturn relative to average drawdown | — | 8.09 | — |
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Drawdowns
XETM.TO vs. ZUT.TO - Drawdown Comparison
The maximum XETM.TO drawdown since its inception was -25.13%, smaller than the maximum ZUT.TO drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for XETM.TO and ZUT.TO.
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Drawdown Indicators
| XETM.TO | ZUT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.13% | -37.07% | +11.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.95% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.07% | — |
Current DrawdownCurrent decline from peak | -17.71% | 0.00% | -17.71% |
Average DrawdownAverage peak-to-trough decline | -9.35% | -6.27% | -3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.54% | — |
Volatility
XETM.TO vs. ZUT.TO - Volatility Comparison
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Volatility by Period
| XETM.TO | ZUT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 49.98% | 10.33% | +39.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.98% | 13.94% | +36.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.98% | 16.48% | +33.50% |
XETM.TO vs. ZUT.TO - Expense Ratio Comparison
XETM.TO has a 0.59% expense ratio, which is lower than ZUT.TO's 0.61% expense ratio.
Dividends
XETM.TO vs. ZUT.TO - Dividend Comparison
XETM.TO has not paid dividends to shareholders, while ZUT.TO's dividend yield for the trailing twelve months is around 2.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZUT.TO BMO Equal Weight Utilities Index ETF | 2.75% | 3.50% | 4.05% | 4.43% | 4.02% | 3.31% | 3.38% | 4.08% | 4.68% | 3.78% | 4.06% | 4.72% |
Frequently Asked Questions
XETM.TO and ZUT.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XETM.TO is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XETM.TO is cheaper with a 0.59% expense ratio, compared with 0.61% for ZUT.TO.
XETM.TO is categorized as Materials, while ZUT.TO is Utilities Equities. XETM.TO tracks S&P/TSX Energy Transition Materials Index, while ZUT.TO tracks Solactive Equal Weight Canada Utilities Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.59% for XETM.TO and 0.61% for ZUT.TO.
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