Utility ETF

Asset Allocation

Position	Category/Sector	Target Weight
ACO-X.TO ATCO Ltd	Utilities	10%
ALA.TO AltaGas Ltd.	Utilities	12%
CPX.TO Capital Power Corporation	Utilities	14%
EMA.TO Emera Incorporated	Utilities	8%
ENB.TO Enbridge Inc.	Energy	10%
FTS.TO Fortis Inc.	Utilities	12%
H.TO Hydro One Limited	Utilities	14%
PPL.TO Pembina Pipeline Corporation	Energy	10%
TRP.TO TC Energy Corporation	Energy	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in Utility ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every month.

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The earliest data available for this chart is Nov 5, 2015, corresponding to the inception date of H.TO

Returns By Period

As of Apr 2, 2026, the Utility ETF returned 15.04% Year-To-Date and 13.97% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.48%	-1.70%	-2.42%	-2.28%	13.57%	18.26%	12.69%	12.98%
Portfolio Utility ETF	1.16%	2.89%	15.04%	15.73%	28.39%	23.07%	18.04%	13.97%
Portfolio components:
ALA.TO AltaGas Ltd.	1.76%	3.02%	17.10%	14.57%	26.16%	34.06%	22.66%	9.76%
TRP.TO TC Energy Corporation	2.00%	0.45%	17.82%	18.87%	31.95%	29.36%	17.19%	12.80%
PPL.TO Pembina Pipeline Corporation	2.16%	3.34%	20.09%	14.80%	11.66%	19.54%	19.63%	13.95%
ENB.TO Enbridge Inc.	1.15%	1.48%	16.34%	11.67%	23.42%	20.52%	17.67%	10.88%
FTS.TO Fortis Inc.	1.07%	0.82%	11.66%	14.52%	23.82%	16.00%	11.94%	10.94%
EMA.TO Emera Incorporated	1.06%	4.04%	9.58%	11.84%	25.87%	16.39%	11.17%	9.52%
H.TO Hydro One Limited	0.59%	0.41%	7.21%	18.24%	21.70%	18.12%	18.14%	13.06%
CPX.TO Capital Power Corporation	-0.05%	6.98%	14.49%	0.98%	40.18%	23.28%	18.58%	20.81%
ACO-X.TO ATCO Ltd	1.35%	5.30%	23.17%	38.54%	41.53%	21.97%	15.38%	9.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Nov 6, 2015, Utility ETF's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, your investment would double in approximately 5.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Mar 2021 with a return of +10.1%, while the worst month was Mar 2020 at -16.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.

On a daily basis, Utility ETF closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +13.6%, while the worst single day was Mar 12, 2020 at -15.1%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.13%	8.98%	2.39%	0.95%									15.04%
2025	-1.57%	2.07%	4.27%	3.58%	-0.71%	-0.88%	2.17%	2.03%	5.81%	-0.10%	2.20%	-1.23%	18.79%
2024	-0.52%	1.30%	1.97%	-1.85%	4.35%	-0.11%	8.52%	4.96%	4.19%	2.94%	4.50%	-1.40%	32.35%
2023	1.91%	-3.13%	2.19%	4.43%	-3.84%	-0.33%	-1.38%	-1.49%	-3.17%	1.01%	5.06%	3.37%	4.18%
2022	1.67%	0.79%	5.72%	2.19%	4.14%	-4.98%	4.82%	-1.82%	-7.38%	0.20%	3.17%	-1.69%	6.14%
2021	3.60%	-2.95%	10.10%	4.06%	1.53%	3.48%	2.42%	-0.40%	-0.55%	1.25%	-2.84%	5.94%	27.95%

Benchmark Metrics

Utility ETF has an annualized alpha of 9.60%, beta of 0.49, and R² of 0.22 versus S&P 500 Index. Calculated based on daily prices since November 06, 2015.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (56.43%) than losses (10.51%) — typical of diversified or defensive assets.
Beta of 0.49 may look defensive, but with R² of 0.22 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
R² of 0.22 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha: 9.60%

Beta: 0.49

R²: 0.22

Upside Capture: 56.43%

Downside Capture: 10.51%

Expense Ratio

Utility ETF has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

Utility ETF ranks 94 for risk / return — in the top 94% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

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.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	2.70	0.75	+1.95
Sortino ratio Return per unit of downside risk	3.59	1.14	+2.46
Omega ratio Gain probability vs. loss probability	1.51	1.18	+0.33
Calmar ratio Return relative to maximum drawdown	4.06	1.15	+2.90
Martin ratio Return relative to average drawdown	16.70	4.21	+12.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
ALA.TO AltaGas Ltd.	80	1.47	2.02	1.26	3.01	6.67
TRP.TO TC Energy Corporation	85	1.80	2.50	1.31	3.78	9.16
PPL.TO Pembina Pipeline Corporation	54	0.57	0.84	1.12	0.80	1.41
ENB.TO Enbridge Inc.	79	1.48	2.02	1.26	2.62	6.45
FTS.TO Fortis Inc.	85	1.78	2.57	1.31	3.86	8.01
EMA.TO Emera Incorporated	87	1.87	2.66	1.33	3.49	10.93
H.TO Hydro One Limited	78	1.54	2.14	1.27	2.22	4.49
CPX.TO Capital Power Corporation	75	1.38	1.86	1.25	1.99	4.07
ACO-X.TO ATCO Ltd	94	2.74	3.65	1.47	5.56	14.98

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Utility ETF Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 2.70
5-Year: 1.59
10-Year: 0.85
All Time: 0.84

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.00 to 1.69, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Utility ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Utility ETF provided a 3.56% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	3.56%	4.02%	4.63%	5.47%	5.10%	5.14%	6.00%	4.44%	6.36%	4.78%	4.45%	4.34%
Portfolio components:
ALA.TO AltaGas Ltd.	2.63%	3.01%	3.56%	4.03%	4.53%	3.65%	5.14%	4.85%	15.06%	7.39%	5.99%	6.10%
TRP.TO TC Energy Corporation	3.89%	4.50%	5.15%	7.19%	6.67%	5.92%	6.27%	4.34%	5.67%	4.09%	3.74%	4.61%
PPL.TO Pembina Pipeline Corporation	4.58%	5.39%	7.09%	7.93%	6.97%	10.89%	13.89%	4.90%	5.53%	4.48%	4.53%	5.98%
ENB.TO Enbridge Inc.	5.04%	5.74%	6.00%	7.45%	6.50%	6.76%	7.96%	5.72%	6.33%	4.91%	3.75%	4.04%
FTS.TO Fortis Inc.	3.18%	3.48%	3.99%	4.19%	4.01%	3.36%	3.73%	3.39%	3.79%	3.52%	3.68%	3.73%
EMA.TO Emera Incorporated	3.98%	4.30%	6.71%	5.54%	5.18%	4.08%	4.58%	4.26%	5.22%	4.54%	4.40%	3.85%
H.TO Hydro One Limited	2.29%	2.40%	2.80%	2.94%	3.78%	3.20%	3.50%	3.81%	4.49%	3.88%	4.11%	0.00%
CPX.TO Capital Power Corporation	4.11%	4.59%	3.98%	6.32%	4.87%	5.38%	5.68%	5.40%	6.51%	6.60%	6.50%	7.93%
ACO-X.TO ATCO Ltd	2.95%	3.58%	4.12%	4.92%	4.36%	4.20%	4.77%	3.25%	3.91%	2.92%	2.55%	2.78%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Utility ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Utility ETF was 41.44%, occurring on Mar 23, 2020. Recovery took 271 trading sessions.

The current Utility ETF drawdown is 0.29%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-41.44%	Feb 24, 2020	21	Mar 23, 2020	271	Apr 20, 2021	292
-16.17%	Aug 26, 2022	277	Oct 3, 2023	152	May 10, 2024	429
-14.6%	May 9, 2017	411	Dec 24, 2018	39	Feb 21, 2019	450
-9.53%	Nov 6, 2015	23	Dec 8, 2015	34	Jan 28, 2016	57
-9.52%	May 25, 2022	18	Jun 17, 2022	46	Aug 24, 2022	64

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 9 assets, with an effective number of assets of 8.74, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	CPX.TO	H.TO	ALA.TO	PPL.TO	EMA.TO	TRP.TO	ENB.TO	ACO-X.TO	FTS.TO	Portfolio
Benchmark	1.00	0.22	0.12	0.20	0.25	0.14	0.23	0.25	0.13	0.14	0.26
CPX.TO	0.22	1.00	0.30	0.33	0.27	0.33	0.27	0.26	0.41	0.34	0.63
H.TO	0.12	0.30	1.00	0.22	0.19	0.54	0.24	0.23	0.47	0.57	0.57
ALA.TO	0.20	0.33	0.22	1.00	0.47	0.26	0.39	0.45	0.36	0.28	0.66
PPL.TO	0.25	0.27	0.19	0.47	1.00	0.18	0.56	0.63	0.29	0.24	0.63
EMA.TO	0.14	0.33	0.54	0.26	0.18	1.00	0.27	0.26	0.53	0.69	0.59
TRP.TO	0.23	0.27	0.24	0.39	0.56	0.27	1.00	0.63	0.33	0.33	0.65
ENB.TO	0.25	0.26	0.23	0.45	0.63	0.26	0.63	1.00	0.33	0.32	0.67
ACO-X.TO	0.13	0.41	0.47	0.36	0.29	0.53	0.33	0.33	1.00	0.53	0.67
FTS.TO	0.14	0.34	0.57	0.28	0.24	0.69	0.33	0.32	0.53	1.00	0.64
Portfolio	0.26	0.63	0.57	0.66	0.63	0.59	0.65	0.67	0.67	0.64	1.00

The correlation results are calculated based on daily price changes starting from Nov 6, 2015

Utility ETF

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table