XGI.TO vs. ZUT.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) and BMO Equal Weight Utilities Index ETF (ZUT.TO).

XGI.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. XGI.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Mar 26, 2013. 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 XGI.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

XGI.TO vs. ZUT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) and BMO Equal Weight Utilities Index ETF (ZUT.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XGI.TO iShares S&P Global Industrials Index ETF (CAD-Hedged)	1.26%	20.93%	16.18%	21.83%	-8.79%	17.71%	4.62%	26.37%	-13.97%	20.21%
ZUT.TO BMO Equal Weight Utilities Index ETF	15.64%	15.25%	14.13%	-5.37%	-8.69%	5.45%	28.15%	35.59%	-8.02%	8.46%

Returns By Period

In the year-to-date period, XGI.TO achieves a 1.26% return, which is significantly lower than ZUT.TO's 15.64% return. Over the past 10 years, XGI.TO has outperformed ZUT.TO with an annualized return of 11.24%, while ZUT.TO has yielded a comparatively lower 10.41% annualized return.

XGI.TO

• 1D: 1.73%
• 1M: -9.98%
• YTD: 1.26%
• 6M: 5.24%
• 1Y: 21.43%
• 3Y*: 17.33%
• 5Y*: 10.78%
• 10Y*: 11.24%

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)

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

XGI.TO has a 0.68% expense ratio, which is higher than ZUT.TO's 0.61% expense ratio.

XGI.TO

iShares S&P Global Industrials Index ETF (CAD-Hedged)

ZUT.TO

BMO Equal Weight Utilities Index ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XGI.TO

XGI.TO Risk / Return Rank: 67
XGI.TO Sharpe Ratio Rank: 68
XGI.TO Sortino Ratio Rank: 69
XGI.TO Omega Ratio Rank: 71
XGI.TO Calmar Ratio Rank: 62
XGI.TO Martin Ratio Rank: 63

ZUT.TO

ZUT.TO Risk / Return Rank: 92
ZUT.TO Sharpe Ratio Rank: 96
ZUT.TO Sortino Ratio Rank: 96
ZUT.TO Omega Ratio Rank: 96
ZUT.TO Calmar Ratio Rank: 92
ZUT.TO Martin Ratio Rank: 79

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.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.

	XGI.TO	ZUT.TO	Difference
Sharpe ratio Return per unit of total volatility	1.20	2.43	-1.23
Sortino ratio Return per unit of downside risk	1.75	3.13	-1.38
Omega ratio Gain probability vs. loss probability	1.26	1.49	-0.23
Calmar ratio Return relative to maximum drawdown	1.56	3.23	-1.67
Martin ratio Return relative to average drawdown	6.29	8.12	-1.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XGI.TO Sharpe Ratio is 1.20, which is lower than the ZUT.TO Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of XGI.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.

Sharpe Ratios by Period

	XGI.TO	ZUT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	2.43	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.46	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.63	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.57	+0.04

Correlation

The correlation between XGI.TO and ZUT.TO is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XGI.TO vs. ZUT.TO - Dividend Comparison

XGI.TO's dividend yield for the trailing twelve months is around 1.52%, less than ZUT.TO's 2.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XGI.TO iShares S&P Global Industrials Index ETF (CAD-Hedged)	1.52%	1.54%	2.69%	1.24%	1.34%	0.90%	0.96%	1.30%	1.88%	1.12%	1.35%	1.41%
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

XGI.TO vs. ZUT.TO - Drawdown Comparison

The maximum XGI.TO drawdown since its inception was -41.43%, which is greater than ZUT.TO's maximum drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for XGI.TO and ZUT.TO.

Drawdown Indicators

	XGI.TO	ZUT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-41.43%	-37.08%	-4.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-8.96%	-3.13%
Max Drawdown (5Y) Largest decline over 5 years	-23.04%	-32.42%	+9.38%
Max Drawdown (10Y) Largest decline over 10 years	-41.43%	-37.08%	-4.35%
Current Drawdown Current decline from peak	-10.22%	0.00%	-10.22%
Average Drawdown Average peak-to-trough decline	-4.96%	-6.37%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	3.56%	-0.56%

Volatility

XGI.TO vs. ZUT.TO - Volatility Comparison

iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) has a higher volatility of 6.67% compared to BMO Equal Weight Utilities Index ETF (ZUT.TO) at 4.76%. This indicates that XGI.TO's price experiences larger fluctuations and is considered to be riskier than ZUT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGI.TO	ZUT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	4.76%	+1.91%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	8.47%	+2.24%
Volatility (1Y) Calculated over the trailing 1-year period	18.12%	11.83%	+6.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	13.91%	+2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.73%	16.48%	+2.25%